https://www.foxbusiness.com/economy/persistent-inflation-keeping-grocery-prices-high-consumers HYPERLINK has full article snip The Bureau of Labor Statistics' monthly consumer price index (CPI) report for January released last week showed that prices for food at home – the classification for food bought at the store to be prepared at home – were up 11.3% compared to last year. end snip We all see it. We all still feel it. I guess we can just skip a meal each day and call it nice. I'm confident that NPR and ABC will do stories on the hardship being felt.
And, just when everybody thought that giving the GOP Control of Congress was going to make inflation disappear...:smdh: IF the Dems had retained Congress, Inflation would have dropped... ^Prove me wrong... Now that the GOP took Congress, Inflation Remains High... Thx Alot, McCarthy! GOP Votes Have Consequences, Never Good for the Common Folk!
Who said Reps within a matter of a few weeks would have inflation down to a 2% goal or substantially down at all simply because they were sworn in? Prove you wrong prove yourself right what were they planning to do that would have cut inflation down to 2% in a matter of weeks that they cannot do now?
Biden refuses to negotiate the debt ceiling increase because he wants more spending not less. How does that help bring down inflation?
Inflation Is Worrying Economists. What This Could Mean for Rates Under the previous president, the unexpected surprises were generally to the good. Under Biden and Obama, the surprises are always that things suck worse than expected. 'Stubborn inflation is worrying economists as new numbers reveal hotter-than-expected price data.' 'Inflation worries are ticking up again, with another inflation report showing price increases picking up steam, which could mean several more interest rate hikes ahead.' Inflation has always been due to Biden's attack on the energy sector which discouraged growth and investment. He only papered it over before the election by dumping half of the SPR. Now he's dumping it again. 'Producer prices, or those charged by manufacturers, farmers and wholesalers, jumped 0.7% in January. It was the largest gain since June and nearly double what economists had forecasted. ' 'Over the 12 months to January, prices rose 6%, which was also more than economists had predicted.' 'Because producer prices are often seen as a precursor to what consumers might see, some economists are on edge, now forecasting a more difficult path back to the Federal Reserve’s 2% inflation goal.' Yes. Wholesale inflation is generally followed by retail inflation.
https://www.cbsnews.com/news/social...niors-more-americans-struggling-to-pay-bills/ More Americans are struggling to pay the bills. Here's who is suffering most. 'Older workers and people over 65, who are largely retired, have experienced the sharpest rise in financial hardship among all age groups compared with a year earlier, according to an analysis of U.S. Census data.' 'The share of people 55- to 64-years-old who said they had difficulty paying their bills in the last seven days rose 8 percentage points in late April to early May versus a year ago. A startling 37% of people in that age group report finding it somewhat or very difficult to handle their financial obligations. Almost 30% of seniors, or those 65 years and older, are struggling to pay their expenses, a 7 percentage point jump from a year earlier.' Biden Inflation: 'Financial hardship is rising across most age groups after two years of high inflation that continues to strain household budgets. The impact has been hardest on older Americans.'
Sounds like they should pull themselves up by the bootstraps. My companies are doing great and we have given raises to all employees for cost of living adjustments. The people you indicate and the following generation ransacked our deficit to pay for them and now they want everyone else to sacrifice so they can scream at everyone else for being socialists while they live off us. The moment they start supporting national programs for all Americans I will care — until that happens they can have my “thoughts and prayers”.
yep, corporate greed is alive and well and the republican run fed is on the attack of rising wages - why? let wages rise to match inflation....
