Posted on 02/09/2024 7:14:03 AM PST by zeestephen
The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday...[Other business news sources are reporting that the CPI was revised UP +0.1 in October and UP +0.1 in November - so - 4th Quarter 2023 CPI is UP +0.1 MORE than originally reported!]
(Excerpt) Read more at cnbc.com ...
CNBC to the rescue!
Don’t believe a word of economic data coming out of Washington. Especially in an election year.
...”the government says”?! I guess it’s gospel then.
It's gotten to the point that if the government said that "water is wet", I would have my doubts.
Interesting.
It will be fun to see them explaining an increase as a result of higher fuel prices over the coming months.
But, we are supposed to accept a demented imbecile as President...so why not accept insane numbers from the BLS.
BS
My annual RING subscription just went up another 10.00. The Gubmint experts can kiss my ass. They are liars.
I am working on items I usually buy-—from 2019 to 2023-—to see the comparison.
Have another project to finish first.
BUT-—I buy Wal Mart house brand dog food-—Old Roy-—
%0 # bag now 46#-—AND price has gone from 40 cents a pound to 59 cents a pound...a 47.5 % increase
THIS ADMINISTRATION IS LYING THRU IT’S TEETH
50 # bag now 46 #
This will bring more screams from those who don’t understand inflation. They actually think the price of everything can go back to where it was before all this started. Not happening. If we are lucky we can keep inflation around 2.5-4%. Which means prices are going UP from here.
Inflation in December was even lower than first reported.
But consumer price index is still at 17% so much for their logic.
rose at an even slower pace
Yeah. But it stll rose...
We would need deflation for that to happen. Which is the dirtiest word in the universe for some reason.
Butter is up 3-$4 a pound. Cake Mix has 2+ oz of less cake mix in the box. The number of grocery items that are going to be permanently more expensive is an extensive list. Without even including dairy, beef, chicken, pork……. I’m gonna need a therapist to go to the grocery but groceries are so high I can’t afford it! /s
“AND WHY NOT? BECAUSE IT’S SATURDAY NIGHT LIVE!!!”
“We would need deflation for that to happen. Which is the dirtiest word in the universe for some reason.”
“some reason” would be because it’s been experienced.
I agree, Frog.
From memory, the Federal Reserve annual inflation goal is 2%.
That means the US Dollar loses half its purchase power every 36 years.
Since 1914 - the first full operational year for The Fed - the USD has lost 97% of its purchase power.
In other words - what cost $3 in 1914, now costs $100!
How is that helpful or even morally justified?
We trust them you FBI goons and thugs - we don't challenge what they say because we don't want to be 'investigated'... or shot,,, or put in prison for our political beliefs. Let the "elites' know - and you FBI boys? Liberal elites are goonna go after YOU next...
Strange that prices always go up up and never come down.
Even though the market is supposed to work that way.
Prices are supposed to be based upon supply and demand.
Not on artificial Democrat controls of mandatory inflation.
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