You're giving me the "It's you, not the data"?
BS. How the CPI has changed over the past decade. Thus it's not a century old. It no longer includes groceries, energy, or housing....not the prices of those life dependent things matter or anything.
You're giving me the "It's you, not the data"?
They changed the way they measure inflation and then say we’re stoopid for not believing their numbers.
Sure, the rate of inflation has gone down. Debateable, but we have not seen any deflation. Those increased costs are still increased. Besides, gas has gone up a dollar a gallon in last 3-4 weeks, wait until that hits the economy downstream.
They’re pissing in our faces and trying to tell us it’s rain.
L
Yet, we working stiffs are paying more for gas to fill our cars to go to work to pay those higher insurance rates on our cars, homes and life insurance policies plus for our overpriced groceries. I always thought the WSJ was a snobbish, elitist, out of touch rag. I haven’t changed that opinion.
VOTE DEMOCRAT....WE NEED MORE DEAD BABIES!! 66 MILLION JUST ISN’T ENOUGH!
Note: “core” inflation rates don’t take into account food, gas and energy.
Consumer-price index may be a century old, but how it is calculated is only a few years. Feds keep taking things out, such as when energy (gasoline, nat gas, elec, etc) was removed, by Clinton I think.
Who are you going to believe, the fed (snort) or your own experience?
Its not current inflation vs 2023.... the comparison is inflation vs 2019. Everything past march of 2020 isn’t a real number with a functional economy with lubricated supply chain.
Pure propaganda.
No matter what metrics you use, the impact of Bidenomics continues to devastate the average American worker. Sure, they will manipulate the numbers to have a few measurements that sound like good news, but there is no substantial improvement beyond bandaids applied here and there.
And more important than metrics that fluctuate and can be manipulated in the short run, the fundamental CAUSE of a destroyed economy is not just the same, it has gotten much worse. Government spending is out of control. The graft and waste are incalculable.
We will soon be unable to borrow and spend our way out of this disaster.
We will lose reserve currency status and our economy will collapse.
And the government is completely unprepared to make sure that American citizens have the resources required to just survive.
Economists track the inflation RATE ... we consumers track price LEVELS ... the rate of inflation may come down ... but prices are unlikely to ever come back down substantially.
I am glad these elitist schmucks are telling us the economy is great ... it demonstrates the divide between propaganda and what we can all see with our own eyes.
Complete BS. The number have been MASSAGED by modifying the “basket of goods” or other factors to hide rampant inflation.
Eggs are up around 10% in 3 months. Don’t tell me that we don’t have inflation.
There isn’t a drop in raising near enough to get back even close to Trump year levels that are far below all of it.
• U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from
2018.
• U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from
2019.
• U.S. inflation rate for 2021 was 4.70%, a 3.46% increase
from 2020.
• U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from
2021.
Inflation as measured by the Consumer Price Index rose 0.3 percent in December, and by 3.4 percent in 2023 (from Dec. ’22 to Dec. ’23. Compared to December 2022 CPI inflation, CPI inflation fell by 3.1 percentage points, from 6.5 percent in December 2022 to 3.4 in December 2023. Core inflation, which leaves out volatile food and energy prices, came in at 3.9 percent this year, down 1.8 points from its 12-month Dec 2022 rate of 5.7 percent.
This means that inflation dropped in increase in 2021 and 2022. But it is still going up.
wy69
i.e. Don’t believe your lying eyes, believe what I’m telling you.
“In the 12 months through February, inflation, according to the century-old consumer-price index, was 3.2%, compared with 6% a year earlier “
Oh for the love of ….., These dolts. These condescending phony, pseudo, economists.
Yes, you fools, the RATE of inflation has gone down, but the prices, you stupid imbeciles, the prices are still going up.
For you BS spewing WSJ types: you say prices over two years have gone up over 9% (6 +3.2) using your phony baloney indexes.
How much did you pay for a dozen eggs two years ago. I paid $1 a dozen. Now I’m hard pressed to find a dozen for less than $3.50. My math says that’s 350% in two years.
Index my dupa!
quote “Yet the average person thinks it went up.”
it did go up!!!!
prices continued to go UP!!!!!!!!!!!!!
inflation going from 6 to 3 means things are only continuing to go UP 3%! People are upset because prices have not returned to where they were! for that to happen inflation would have to go negative.
Let me put it another way.
Imagine that I stole $60,000 from you last year
ok, what if... I only stole $30,000 from you this year?
You should be happy! I am stealing less from you !!!
I had to check and yes, that is the actual headline. Wow.
Stupid “journalist,” inflation is cumulative.
5.56mm
I wish someone would explain this to the author, that believes it’s perception about inflation and not reality. Here is what rich people who hate middle class and poor people don’t understand.
After Taxes and necessary items, the Average Working family had about 5-7% of their income as discretionary spending in 2019. When the price of ‘Necessary items’ Like food, electricity, Rent, DOUBLE in 3 years, that leaves you with cutting ‘Necessary items’ and NO DISCRETIONARY SPENDING. Then people reach in and use Credit Cards and go into debt, which results in only more debt and finally a cascade of economic failure.
What the average US Family needed wasn’t more inflation at all, it needed prices TO GO DOWN. Biden’s policies keep deflating the dollar, driving up basic prices. That ‘better controlled inflation’ is still absolutely Financially Devastating to the average American Household now.
‘The straw that broke the camels back’ the load has become unbearable for the working class of this nation. Every little bit is felt as a hammer, and they entered work slavery.