Posted on 01/11/2024 10:39:32 AM PST by ChicagoConservative27
CNBC personality Rick Santelli said on Thursday’s “Squawk Box” that it takes a $1.19 to buy what a dollar bought before the coronavirus pandemic.
Santelli said, “Our Consumer Price Index read for the month of December by Bureau of Labor Statistics expected to be up 0.2% up 0.3%. And if you strip out food and energy, it is exactly as expected, which is up 0.3%.”
He continued, “Let’s go along here. Year over year, CPI is expected to be up 3.2. It’s up 3.4. The best it’s been was 3.0 in June of last year. That is the best since March of 2021.”
He added, “If you take core CPI the actual index, which is seasonally adjusted, the read there is 313.216. That probably doesn’t mean anything to you. Means something to me. That’s the highest it’s ever been. It’s ever been! Now remember, the Bureau of Labor Statistics brings out the number. Go to their website. When did COVID start? March of 2020? Okay. This is a December number meaning the most updated prior to about two minutes ago. Go on the website look at CPI inflation calculator and you put in Feb of 2020. What you’ll find is it takes $1.19 of November ’23 to buy what bought a dollar pre-COVID. Do it if you don’t believe me.”
(Excerpt) Read more at breitbart.com ...
So then call for new Tea Parties, Rick.
We have enough complaining that we need these days. More actions. Less words.
I think it’s really $1.25 or even more than that.
Ground round used to cost $5.69/lb at one store that I frequent. Now it’s $7.99/lb. That’s a 29% increase. Thanks, Joe.
The silver in a 1964 half dollar is worth $9.30. Therefore. What cost $1 in 1964 should cost $18.60 today.
And how do people pay for that? Consumer loans and credit cards.
The system will either collapse, be overthrown, or have five people ruling over 330 million.
it takes $100 to buy what $1 bought prior the existence of the Federal Reserve
$1.19 won’t buy an 12oz coke that once sold for 10 cents.
Most important is what items a person needs or wants to buy.
Skateboards, gamer chairs and luxury RVs might go down but notice mayonnaise went from $3.49 and $4.99 to amounts like $6.99 and even $10. Cereals have small, slender boxes to avoid over $5.99 price tags. Fresh salmon and other fish are up amounts such as 40%. Any “luxury” snacks such as Fritos or Cheetos are being shunned for going up $2 or more and size going down. Old prices of 69-89 cents for canned vegetables or beans are now $1.49 or $1.89 or more.
Dems are counting on everyone “getting used to it” as we mostly did with gas prices. Mostly.
This party is just getting started, just wait to see what comes next with the FED floating the idea of rate cuts when they should be bumping the Interest Rates to 15-20%
I didn’t read past title, but NO WAY does $.0.19 cover the increases I have experienced .
Wrong. It’s more like $1.30
Noted economist Paul Krugman says you’re all crazy. Things are good. Things are great. There is no reason to complain at all. Biden’s plans are working fine.
Lying POS. The price of a bugger has doubled. A triple threat, burger, fries and soda now costs nearly $13-15 at McDonalds.
He must be talking about the .19 cents as our increased burden for taxes since COVID.
It Takes $1.19”
BS it’s way worse than that.
“The silver in a 1964 half dollar is worth $9.30”
$7.95
Because the peons don't need to make frivolous purchases like that.
Gas prices per gallon in our area was below $2/gal for regular gas, when Briben stole the election.
Today, it is $4.35/ gallon.
That is the reality versus the B$ in this article.
“Therefore. What cost $1 in 1964 should cost $18.60 today.”
Since 2020 silver has fallen 15%. Therefore, what cost $1 in 2020 should cost $0.85 today?
A DOLLAR IN 1913 WAS WORTH A DOLLAR, TODAY IT IS WORTH 4 CENTS!!😡
In what world is this happening? It takes at least two dollars to buy what cost one dollar a couple of years ago. Sometimes a lot more.
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