Anyone who believes any fedgov numbers these days is an idiot. Or a Democrat. (Oops redundant there.)
And the bullshit rises about 10%.
Did they include energy, gasoline and groceries in data? The clever details leave out the number one effectors of inflationary price. Prices which NEVER come down, btw.
This was one of the things that shocked me in the recent Putin interview. Putin floated this ridiculously low number for America’s inflation. Assuming he is well informed, I can only conclude that he was propping up America’s illegal federal administration.
Great news everybody!!
After 20 years your “money” will have only lost 80% of its purchasing power.
This is 100% because gasoline prices are low at the moment. And that is because it’s an election year. As soon as the Left decides that it’s time to put the hurt on internal-combustion car owners again, the prices will be sky-high.
Sure, that’s why the Dow is down 400+ points right now.
Really, Sylvan?
I just went to a restaraunt (diner) the other day and burgers are now $10.99. Not including the fries. Just the burger.
Copays for my GP used to be $25.00. Now they are $30.00.
3% annual rate of inflation my ever expanding hindquarters.
The Hill’s propaganda: say “Annual inflation falls to 3.1 percent” when it was projected to fall to 2.9 and rose month over month. Despicable, dishonorable people.
Here what CNBC says =>
“Dow drops 400 points as hot inflation report sends Wall Street reeling: Live updates”
FEB 13 20249:41 AM EST
https://www.cnbc.com/2024/02/12/stock-market-today-live-updates.html
Treasury yields rising across the board. That means they’re falling in value =>
Without at least 20% deflation, those of us retirees on fixed incomes still are down about 15% since the start of the Biden administration, and with this year’s addition we will be around 23% down on real income.
I don’t care if inflation goes to zero. Retirees have already lost about 15 years of lifetimes savings and interest.
My household inflation rate is more like 15-20%. Utilities are the latest thing to skyrocket. Gas, electric, water, all way up.
3.1% is a fantasy.
Oh, hey everythings 30% more than it was 3 years ago, but hey, it only rose 3% this year...
what BS.
(cough) (cough) The Hill
I just paid $205 for my monthly gas bill. We have a gas furnace and stove. That is most I ever had to pay in 11 years of living in this house. The tempteratures in that time frame were average for this time of year.
That is all Bidenfaltion
Isn’t that on top of the already 20%?