Posted on 08/31/2023 9:54:21 AM PDT by fwdude
Yet another inflation metric jumped in July, further debunking claims that inflation is in the rear-view mirror and reinforcing Federal Reserve Chairman Jerome Powell’s remarks earlier this month that additional interest rate hikes would be needed.
The latest Personal Consumption Expenditures (PCE) price index print released Thursday was in-line with expectations which were higher than previous reads.
Headline PCE inflation showed an increase of 3.3 percent year-over-year and Core PCE inflation — excluding volatile food and energy prices — increased 4.2 percent in the last year.
Compared to the previous release, headline and core PCE inflation increased 3.0 percent and 4.1 percent, respectively, showing that price increases continue to trend in the wrong, more expensive, direction. The July report also (again) debunks President Joe Biden's wishful claims that inflation is "down."
(Excerpt) Read more at townhall.com ...
All is well in Biden’s world as long as he gets his diapers changed, and he gets his daily ice cream cone.
Biden has a lot in common with the evil old guy in Poltergeist 2.
Didn’t they just have a celebration of the anniversary of the inflation reduction act????
Maybe Karine Jean Pierre can explain how this is all really good news......
How is [insert] doing?
A. Bank of China
B. Bank of England
C. Commercial Real Estate
D. Inflation
E. Wages
F. US regional banking
G. CC debt
H. Savings
I. Deutsche Bank
Etc.
The latest celebration focused on the government's "negotiating prescription costs down." How does that work, without coercion?
Politics is the art of making people believe that unreality is reality.
That’s all this regime does is lie!
I wonder what the true inflation rate is when including gas and groceries.
(Anyone who EVER shops for necessities know that Biden’s glowing economic claims are all lies.)
That’s for certain. Some items have gone up 50%-80% (roughly)
Keeps the sheep 🐑🐑🐑 stupid......
The government always excludes "volatile" food and energy items when creating false statistics. They have always cherry-picked items to put on their "official" reports, while excluding many items that destroy their narrative. When Biden claims all is well, he is referring to their success with coverups. Inflation is out of control, "Nothing to see here, move along!".
How is [insert] doing?....
Letter J All of the Above
Headline PCE inflation showed an increase of 3.3 percent year-over-year and Core PCE inflation — excluding volatile food and energy prices — increased 4.2 percent in the last year.
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I believe the above statement is untrue and I believe it is by design and intentional which makes it a lie.
My best yardstick on inflation is my breakfast. I eat at the same restaurant several times a week. Breakfast 3 years ago was about $12.00. It is now about $17.00. That’s over 40% HIGHER.
I just thank God I moved when I did and got a 2.78% loan.
The CPI methodology is pretty good. It’s public.
They survey a lot of people and ask, in effect, what % of each month’s expenditures are various categories. These %s are all averaged together.
Then they send staff out to get a measurement of the prices of those categories.
Blend the two items together and you can quote inflation.
If you can think of a better way, they open their process up periodically for suggested improvements and then do internal evaluation. They HAVE made changes over the years.
The Fed’s target is 2%. Peak inflation in the past couple of years was about 8%. It is now 4%. That is a reduction. The Fed is quietly doing QT, which is rather more important than tightening rates. But there have been occasions when they stopped. And when they did, inflation resumed.
There does not have to be a cure for this. The US can fail. No law of nature says the US is forever.
“Core PCE, excluding volatile food and energy prices....” is not so bad. WTF? I got rid of my car, but I still have to eat.
What sort of Commucrat Goebbels wannbe ignores those two HUGE categories ?
Grocery bills are staggeringly high while packaged quantities keep shrinking and shrinking.
Not to mention gas prices being TWICE what they were before this senile pedo sock puppet stole the keys to 1600.
Hate Commucrats yet ? ? ?
Multiple jenga towers in slow-mo collapse. Everywhere.
Like President Retard would ever admit to anything no matter what
He never has and he never will
B I D E
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