Under Biden, Consumer Prices Rose 3.5% From a Year Ago, More Than Expected

Bidenflation: Consumer Prices Rose 3.5% From a Year Ago, More Than Expected

Pre pandemic the government was spending $5T/year and we had no inflation issues. Now we have Biden spending $6.7T and it's devaluing our money.



Your Trump dollar only buys 83 cents, now that it's a Biden dollar.



Biden will spin and blame shift, but he won't cut the spending that's driving inflation.

The sky high mortgage rates, auto loan interest, and credit interest, no relief in sight as long as Biden's president.

'The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon.'



Remember the load of crap when he signed all that new inflationary spending and called it the "Inflation Reduction Act"? The guy thinks he can fool people by using false names and then seems surprised when they stay just as aware of how expensive things are.

And to drive home just how serious this is? Core inflation is running hotter than inflation overall.

'Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago,'

Working Folks Take It In The Shorts, Again, Under Biden.

'Increasing inflation was also bad news for workers, as real average hourly earnings were flat on the month and increased just 0.6% over the past year.'

That means workers took ANOTHER real wage cut, this one is a 3% cut, just this past year.

And all this inflation was completely unnecessary. Well, we have two presidents running for re-election and we know the inflation record for both of them. One is a lot better than the other one. Please discuss.

 

Thanks Joe!

 

The continued rise in some consumer prices has absolutely nothing to do with who sits in the Oval Office. If you don't understand economics, try not to point fingers at people just because your right wing propaganda masters tell you who is to blame.

This trend is corporate greed, plain and simple. They gouge whenever the slightest bit of inflation raises it's head, simply because they can. And those prices are unlikely to ever come down. It has nothing to do with Biden. In fact:

https://www.whitehouse.gov/briefing...ts-for-families-and-fight-corporate-rip-offs/

 

Inflation is cruel to everyone and many go into despair.

EVERYTHING IS GOING SWIMMINGLY UNDER THE “IF YOU VOTE REPUBLICAN YOU AIN’T BLACK” ADMINISTRATION: Deaths of despair skyrocket among Black and Native Americans.

 

I don't understand the graph, if a dollar when Joe was elected is now
84 cents, 3 years later, that is a 16% drop approximately in 3 years,

more than 5% per year.

The inflation graph is curved the opposite way up because it is
the opposite measure, but also appears to be over 5% for
that period.

 

One thing keeping inflation lower than the amount of damage the
Biden Administration is doing, is Biden is also damaging other
countries and therefore their currencies.

Biden has been threatening various countries and causing them
to divert effort from commercial products to defense products.

 

Inflation Is Costing Americans an Extra $1K a Month on Average

Americans fondly recall the Trump economy of stable prices, rising income, and fewer wars.

Despite Biden and the Dems happy talk, inflation has picked up speed for 6 months in a row, forcing the average American to shell out a lot more money for everyday necessities.

Debt driven government spending is fueling inflation and Biden and the Dems will not slow nor stop their $10B/Day in hot inflationary debt funded government spending. The result is more inflation during Biden's presidency than nearly all of Obama/Biden's two terms and Trump's term, combined.



And the finances of the working and middle class are devastated.

'compared with January 2021, shortly before the inflation crisis began, prices remain up a stunning 18.94%.'

Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.



'Auto insurance costs also jumped for the fifth straight month, rising 22.2% from the same time last year.'

'As they spend more on everyday goods, Americans are burning through their savings and are increasingly turning to credit cards to cover those basic expenses.'

And the skyrocketing cost of interest are NOT reflected in the government CPI numbers.

 

well this aged poorly.

 

WE HAVE A PROBLEM: The ‘supercore’ inflation measure shows Fed may have a real problem on its hands.

'A hotter-than-expected consumer price index report rattled Wall Street Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the supercore inflation reading.'

'Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend. The supercore gauge, which also excludes shelter and rent costs from its services reading, takes it even a step further. Fed officials say it is useful in the current climate as they see elevated housing inflation as a temporary problem and not as good a measure of underlying prices.'

'Supercore accelerated to a 4.8% pace year over year in March, the highest in 11 months.'

'Tom Fitzpatrick, managing director of global market insights at R.J. O’Brien & Associates, said if you take the readings of the last three months and annualize them, you’re looking at a supercore inflation rate of more than 8%, far from the Federal Reserve’s 2% goal.'

“As we sit here today, I think they’re probably pulling their hair out,” Fitzpatrick said.

It's caused by the $10B/Day in debt spending, it was never transitory, it's not under control. Biden and too many Dems lied about all 3 of those things.

 

Truest thing I've heard with regards to the current US economy: If it was good they wouldn't have to keep telling us that is so: we'd already know.

 

For reference

 

Bidenomics Update: Americans Staggering Under the Weight of It All

x

From Biden and the Dems: 'inflation pressures, employment pressures, and unending social reengineering pressures.'

'Being subject to the progressive grifting regime has not been beneficial in the least for the country's psyche, soul, or security, either safety or financial.'

'The explosion of credit card delinquencies. In this Biden induced time of wage stagnation and job insecurity coupled with exploding household costs, it's not really surprising when even formerly comfortable people are feeling the pinch.'

Stress? What stress? #Bidenomics baby!

'US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report.'

'Almost 3.5% of card balances were at least 30 days past due as of the end of December, the Philadelphia Fed said. That’s the highest figure in the data series going back to 2012, and up by about 30 basis points from the previous quarter. The share of debts that are 60 and 90 days late also climbed.'

“Stress among cardholders was further underscored in payment behavior, as the share of accounts making minimum payments rose 34 basis points to a series high,” according to the report.

'What did our geriatric, pudding-brained chief executive tout as relief for Americans bent over from carrying his loads?'

'Why, he's knocking those late fees back to $8. How 'bout that, pardners?'

'He's not going to help with paying on time, see.'

Inflation remains out of control because the government is spending so much hot money generated by excessive borrowing.

He wants a pat on his balding pate because he's making paying late cheaper.

 

The damage is done. The prices are higher and are not coming down.

The same applies to the border. A Biden announcement at the end of April will not fix three years of supporting an open border.

 

I think that needed to be expanded a bit - damaging other nation's economies
makes their currencies also less desirable, and that has slowed the flight from
the dollar.


Other economies Bidenomics has damaged:

Germany, we blew up three of the four Nordstream pipelines and now Germany
is not using any, although before we blew those three Germany wasn't using
either of the Nordstream 2 pipelines, so I think they sort of agreed with us.

Ok that's weird but Germany is easily guilt-tripped and CO2 emissions did it.

As the largest and most successful economy in Europe, harming the German
economy will be detrimental to the Euro.

Russia, the US and NATO, a total of 30 times the GDP of the Russian Federation
is threatening Russia, so that will force Russia to divert a lot of production into
defending themselves. The Ruble is holding up well, but would be better if we
left them alone.

And that applies to a lot of countries around the world.

 

Consumer Prices Rose 3.5% From a Year Ago, More Than Expected
---
1-- If you believe prices only rose 3.5% you need to set in a corner on a stool with a pointed hat on your head.
"More Than Expected" -- by whom?

 

We keep paying more.

How Biden's Inflation Reduction Act Failed To Reduced Electricity Costs In Pictures

'Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but energy policy, more precisely, climate policy...'

Does anyone at the WH actually pay an electric bill? Out electric bills are up nearly 30% since the rigged election installed Bribed Joe.



The Wall Street Journal comments on Biden’s Green-Energy Price Shock

'Do White House officials pay electric bills? They strangely keep saying the President’s climate agenda is reducing electric-power rates even as the cost of running your dishwasher is sky-rocketing, as illuminated by the Labor Department’s consumer-price index.'

Yes, Bribed Joe's WH lies constantly, about everything. His Administration is one big fraud on the American People.

'By our calculation, electricity prices have increased 13 times faster under Mr. Biden than across the previous seven years. His policies aren’t entirely to blame. But most of it is a result of the left’s climate agenda, and the price increases will get worse.'

'Federal regulations, renewable subsidies and state green-energy mandates are forcing fossil-fuel and nuclear plants to retire prematurely. Solar and wind need backup from so-called peaker gas plants, usually at a hefty premium. During power shortages, spot prices can hit $10,000 per megawatt hour compared to $30 to $60 on a normal basis.'

'State net-metering programs also subsidize people with solar panels for excess power they remit to the grid. People without solar then pay more for the grid’s fixed costs, which are also growing as more renewables are added. In California an average customer without solar pays 10% to 20% more to subsidize solar.'

 

Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills for Americans



'Literally the day after President Biden bragged, “We’re following my blue collar blueprint to rebuild America, and guess what? It’s working!” Bidenomics struck with a vengeance Thursday: The economy grew at just a 1.6% annualized rate in the first quarter, a third less than the consensus forecast.6'

He just lies.

'And while growth is slowing, inflation is heating back up.'

'Even before Thursday, real median wages (that is, inflation-adjusted) began dropping again (as they have for most of the Biden presidency), while most of the new jobs being created are part-time positions — and many of the rest are government jobs.'

 

The government tells you only what they want you to hear. Even the private polls and studies and reports and findings can be slanted. Most people see groceries and gasoline and rent and fast food prices going up but not their wages, so they know what's happening regarding inflation. If they have a job they are satisfied to be working, if they are looking for a job they blame the government for the lack of jobs. They don't need no freaking government report to know the score.

 

We can read a gas pump, store prices, and our check stub.

Worst In 70 Years: Biden Approval Rating Absolutely Dismal

'He's in the bottom 12% of all presidential quarters...'

If he can't rig it, again, he can't win it.

 

Bribed Joe and the Democrats wild spending has already shrunk our dollar's by nearly a 1/5th in just 3 years, and with Speaker Johnson so eager to cave to more wild spending, it's no surprise that inflation has locked in, continuing to destroy the real wages of working Americans.

But, there is a solution.

'most Americans saying that, looking back, Trump’s term as president was a success, while a broad majority says Biden’s has so far been a failure.'

https://news.yahoo.com/cnn-poll-trump-maintains-lead-120005451.html

'55% of all Americans now they see Trump’s presidency as a success..."

61% say Bribed Joe's 'presidency has been a failure'

Crucial Independents.

'Among independents, 51% say Trump’s presidency was successful, while only 37% see Biden’s as a success.'

Bribed Joe Has Blown The Gaza/Israeli War

• 71% disapprove of how he has handled this issue.
• '81% disapproval mark among those younger than 35 and
• majority disapproval among Democrats (53%).'

'65% of registered voters call the economy extremely important to their vote for president, and they break heavily for Trump in a matchup against Biden, 62% to 30%.'