Posted on 03/31/2022 8:02:57 AM PDT by ChicagoConservative27
Consumer goods and services cost Americans 6.4 percent more than a year prior in February, the latest data from the U.S. government showed on Thursday.
The personal consumption expenditure price index rose by more than expected and indicated that inflation accelerated from the six percent annual rate in January. This was the fastest rate of price increases since 1982.
(Excerpt) Read more at breitbart.com ...
Hey, it’s because the economy is doing so well! /s
If it keeps on rainin’, levee’s goin’ to break
If it keeps on rainin’, levee’s goin’ to break
When the levee breaks, I’ll have no place to stay
Remember when Bill Clinton rolled out ‘the worst economy in 50 years’ when we had a minor recession for a year that just happened to coincide with the election? That was a joke. THIS is what the worst economy in 50 years looks like. Soon to be the worst economy in 90 years the way we are going.
Here’s just a brief example of my purchase history of groceries at Wal Mart.com. Here are the July 2021 prices and the prices I paid two days ago:
Chip dip - $1.00 to $1.62
Tortilla chips - $1.09 to $1.74
Gallon milk - $2.60 to $3.24
50 lb. dog food - $20.98 to $23.49
Progresso soup - $1.42 to $1.98
Limes - $.48 to $.68
Head of lettuce - $1.19 to $1.78
A few items like bananas and tomatoes didn’t increase at all, but mostly everything increased by double-digit percentages.
The Biden Boom. That was their line just a few weeks ago.
Bush 1 & 2 were both punching bags for the media.
That's the best part about Trump.
He's the Phalanx CIWS of politics!
And people believed that “Worst economy in 50 years” crap when it had clearly been far worse a mere 12 years earlier in the dying days of the Carter administration.
6.4% Bwahaha. More like 26.4%!
Look at the increases in energy, housing, autos, etc. Even the rise in food is understated the way the guv measures it—and that is downstream from energy (and fertilizer) costs.
Duh on steroids.
Carter should be elated that he will be forgotten in that respect before he passes.
Its almost like a bad game during a trip to the grocery store. I wonder which product i’ve been accustomed to a certain price range, which one is going to make me go ‘’ no way’’ , not this too….
“Look at the increases in energy, housing, autos, etc.”
My electric utility has filed a 7% rate increase to recover the costs of solar and wind energy it is expanding to replace fossil fuel electric generation.
US retail gas is up from 2.94 to 4.33 over the past 12 months:
https://ycharts.com/indicators/us_gas_price
That is a 47% increase.
Similar ratios follow through for petroleum impacts on transportation, distribution, farming, plastics manufacture, etc.
A 16oz package of Oscar Mayer Bologna at my local supermarket the other day:
$5.79. Yes, FIVE DOLLARS AND SEVENTY-NINE CENTS.
These used to be about two bucks, just a year ago.
Florida: jar of hellmans Mayo is now $7.99, up from yesterday’s price of $6.49
Velveeta mac and cheese big box today is $4.99, 12 pack of Coca-Cola is $7.49
These prices are unsustainable
“Carter should be elated that he will be forgotten in that respect before he passes.”
Carter will not be forgotten.
I went to Aldi’s yesterday and noticed that many of the prices were roughly 20% higher than a month ago.
Beef and pork prices did come down some. Beef sirloin steak was $7.99, down from $9.99.
Bagged salad was up from $0.99 to $1.39. Saltine crackers were up from $0.79 to $0.99. Bagged small avocados were up from $2.79 to $3.89.
My typical grocery trip used to average around $60-$80. Yesterday it was $105.
President Brandon will just blame that on Big Baloney.
Yes, but my experience is that they seldom go down once they're that high.
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