You used to adorn these articles visually...
Posted on 09/13/2022 6:12:39 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Consumer prices surged 8.3% in August compared with a year earlier, the government said Tuesday. Though still painfully high, that was down from an 8.5% jump in July and a four-decade high of 9.1% in June. On a monthly basis, prices rose 0.1%, after a flat reading in July.
Inflation remains far higher than many Americans have ever experienced.
Republicans have sought to make inflation a central issue in the midterm congressional elections. They blame President Joe Biden’s $1.9 trillion stimulus package passed last year for much of the increase. Many economists generally agree, though they also say that snarled supply chains, Russia’s invasion of Ukraine and widespread shortages of items like semiconductors have been key factors in the inflation surge.
Yet the signs that inflation might have peaked — or will soon — could bolster Democrats’ prospects in the midterm elections and may already have contributed to slightly higher public approval ratings for Biden. In his speeches, Biden has generally stopped referring to the impact of high prices on family budgets. He has instead highlighted his administration’s recent legislative accomplishments, including a law enacted last month that’s intended to reduce pharmaceutical prices and fight climate change.
(Excerpt) Read more at apnews.com ...
F that.
Lower taxes and raise import tariffs. Hold govt. spendng at present levels. Drill baby, drill. WE DONT NEED NO STINKING RECESSION.
Headline written for all of the headline only aggregator readers.
Bacon at $7 and pound.
Eggs at $4 a dozen.
Milk at $6 a gallon.
Bread at $3 a loaf.
Yeah, the economy is great........
AP There isn’t even a way to describe what it as at this point.
next story down on my newsfeed here:
said the market DROPPED 400 pts on inflation news.
Traditionally, “CORE INFLATION” is reported WITHOUT including “energy costs.”
All of a sudden they’re being used to fudge the numbers.
Where real inflation is: groceries. Our grocery bill, just the two of us, has more than doubled in the past year.
a freaking bag of corn chips is over $5 now, a $2 pot pie (comfort food) is a few cents short of $4, hamburger $8 a pound (I buy bison instead for another $2, lower fat, tastes better). Romaine lettuce? price doubled. And so on.
Diesel is STILL $4.50/gal locally.
In the words of Resident Alien “this is some bull$hit!”
That must’ve been too embarassing, even for AP. Here’s the new headline =>
“US inflation slows for 2nd month but remains stubbornly high”
https://apnews.com/article/inflation-economy-prices-f2270f4c6ac55c084108d57cc1aec53a
This is a flat out lie by the media. Stocks took a massive dump this morning on WORSE than expected inflation
You used to adorn these articles visually...
A dministration P ropaganda
Recession is the sure way to fix inflation quick, and that is the tool the Fed has in its box. They can’t drill, change tax/spend/sanctions laws, but they are assigned the duty on inflation, so I’m guessing they’ll get inflation down via credit defaults and then job losses. We shall see.
All AP writers got journalism degrees at Baghdad Bob University.
I curse you people. If my kids lose their jobs I will curse you rcession hawks till hell freezes over.
Old farts fear inflation and young people fear recession. I will always be young at heart.
Gas prices are falling because Biden is depleting our Strategic Oil Reserves. Once empty, then in order to refill them the Biden Admin will compete with the American Citizen for the new oil driving the price higher.
Waiting for Producer Price Index release tomorrow
The only thing more evil than Democrats destroying the Trump economy is the “conservatives” wanting a recession to fix things.
And now for the news from the DAP*, Inflation is still bad but not quite as bad as it was in the previous two months! Big Brother says for everybody to cheer the good news. In other news, the chocolate ration is now 20 grains!
* - DAP - Democratically Asinine Presstitutes!
Good to see Baghdad Bob got a job...
LMAO but painfully.
Just under this posting is another saying the dow is down 400 on another bad inflation report.
Which is it? Up or down? The world wonders.
All we get now are lies and dam lies from the gooberment.
Would be swell if republican leadership could put a coherent message together about Biden trying to influence an election by draining the SPR. There hasn’t even been a hurricane this year, there is no excuse for the SPR to be at 40 year lows.
Eventually the Strategic Petroleum Reserve will be depleted. It’s not like gas, oil, and coal in nature. So “eventually” is not thousands of years. Perhaps one year, admittedly just a guess.
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