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Posted on 09/11/2026 10:07:59 AM PDT by Angelino97
Prices increases remained stubbornly high in August with little relief in sight for weary American consumers.
The Bureau of Labor Statistics (BLS) reported that consumer prices rose by 0.4 percent in August month over month, leaving the annual CPI inflation rate at 3.4 percent, flat with the 3.4 percent figure in June.
'Apart from the hot core inflation, today’s data doesn’t even cover the most recent oil price spike above $100,' Nic Puckrin, markets expert and former Goldman Sachs analyst, told the Daily Mail.
The August inflation numbers are the last impactful data report to come out before the Federal Reserve meets next week, and experts say today's CPI could all but guarantee a rate hike.
'There’s little reason for the Fed to hold off on the hike next week - in fact, if it does, it may lose any credibility that new chair Kevin Warsh has been building since taking office,' Puckin told us.
Just yesterday, crude oil prices surged above $100 and a separate inflation report came in very hot - and Wall Street traders were betting that the odds of a Fed hike were around 70 percent...
According to AAA, the average price of gasoline averaged $4.07 in August - and the Iran war intensification over recent weeks pushed gas prices up to $4.30 currently.
On a monthly basis, inflation rose as costs jumped 0.4 percent from July to August, up from an increase of just 0.1 percent the previous month..
The larger-than-expected monthly increase will likely embolden Fed officials who have pushed for higher interest rates.
(Excerpt) Read more at dailymail.com ...
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Diesel, meanwhile, has climbed to over $6 in recent days, an all-time high.
gasoline becomes even more expensive.
Here in Los Angeles gas prices range as much as 0.47 cents a gallon from one station to another but we know it can’t be due to gouging huh.
The Daily dose of Daily Mail. The end is near. It was so much better under Biden. If only the democrats could be in charge again.
I get that things were worse under Biden. Everything was worse under Biden.
But your average voter doesn’t care about any of that. Today is what matters.
This whole thing pains me on many levels. Trump is a good guy. And he usually tries to do what’s best for the country. I’m not quite sure what he can reasonably do now to set things right.
95% of cars I observe during rush hour have single person in a car built for 4+ people. 75%+ people I observe in grocery stores are overweight and fat.
The solution to deal with high prices is simple. Eat less and car pool.
That’s a message that will win in November.
The President better create a September surprise.
(early voting)
Exon is just making up for the low prices of Trump’s first term.
Trump can throw all the oil at Chevron that Venezuela can produce and Chevron will just say, “Thanks!”, and keep gas prices high.
Some level of inflation is the default expectation when you use fiat money.
Under Biden, the inflation was especially bad, no question about it.
But price drops (true deflation) is very rare, and very bad. People really shouldn’t expect to see deflation.
But with prices at an uncomfortably high level, one might reasonably expect wages to rise and for the “affordability” crisis to be mitigated by higher incomes which catch up to the higher prices.
Can the government do much to increase your wages? Perhaps not. I’d like to see corporations decide that paying higher wages is not a crazy idea. Henry Ford quite famously made that decision about 100 years ago. It was considered clever.
I never thought Trump was a good guy.
Rather, he's a deeply flawed man with a complex mix of selfish and noble aspirations.
But I thought the policies he espoused were mostly good.
Unfortunately, he's lost the focus on his domestic policies by wasting much of his presidency on fighting Israel's war with Iran.
Move to California, you’ll love it.
If we fought World War Two like Trump is fighting Iran, it would have taken 10 years to win that war.
Long ago, I heard that Walmart has a program whereby they help their employees apply for food stamps.
Modern corporations see government entitlements as a way to subsidize their work force.
Would we have won?
Fighting Israel’s war? Iran’s nukes threatened the whole world.
>>Unfortunately, he’s lost the focus on his domestic policies by wasting much of his presidency on fighting Israel’s war with Iran.
...but don’t forget, we got ‘Gulf of America’ and ‘Lake America’....that alone should make voters forget about $6/diesel and almost $5/gas....winning! </sarc>
Probably not. Japan would have been all over us.
Why? I am in athletic shape, can afford to buy any foods I want and love Caribbean cruises from port Canaveral. The taxes in CA is why got out of CA as fast as I could. Moved to South WA state, my taxes dropped enough to afford joining a country club in Vancouver, WA.
>> And Newsweek reports:
Daily Fail and Newsqueak are your kind of sources, aren’t they, Nabob?
They don’t like Americans driving around in their cars, and they are trying very hard to control their food and preferences, your ideas would gain more traction there.
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