One popular inflation measure, the Consumer Price Index, has continued to ease. The Department of Labor reports that CPI rose 3.1% year-over-year in November. That is down from a 3.2% increase in October and in line with many economists’ estimates. The CPI is up 0.1% on a monthly basis, which is in line with economists’ estimates as well. https://www.forbes.com/advisor/investing/current-inflation-rate/ _______________________________________ The Biden administration's economic plan and the FED's monetary policy have brought inflation down by 80% since 2021. The unemployment rate also fell by -0.2% to 3.70%. Meanwhile, Trump sells to idiots pieces of the suit he wore in his mugshot. Priorities aren't in the same place.
You know it won't matter... For the sycophants, the narrative is already well baked in. Inflation and unemployment could both fall to <1%, wages could double and every water fountain could produce orange juice...and the MAGAts would tell you how terrible the world is...
That is, in fact, good news for America. Of course, it is bad news for MAGA, who need inflation to remain high, so they can get Trump back into the WH. BTW: Name a time when prices did NOT go up that was not a recession.
Is that what I said? Or did I complain about things getting more expensive? It was the second one. You knocked that straw man down though. Good job!
Prices won't come down unless there's a recession. GDP growth last quarter exceeded 5.5% and the unemployment rate is below 4%. The economy is doing very well, people are consuming, so there's a bit of inflation.
If wages didn't rise, Americans would lose purchasing power. This is not the case, however, as wages are rising slightly faster than inflation. Economics 101.
Total red herring. The RATE OF GROWTH of inflation slowed microscopically. We're still close to 17% since Joe took over.
Survey: 2023 US Salary Increase Budgets Reach 22-Year High US companies raised their budgets for employee salary increases by an average of 4.4 percent in 2023. That’s the highest year-over-year growth since 2001. For 2024, they expect to grow their salary increase budgets by a further 4.1 percent—a small step down from 2023 but still well above the prepandemic trend of around 3.0 percent.
And? The cumulative 17% inflation rate since early 2021 (actually, I think it is 19%) was mainly incurred in 2021 and 2022. Currently, the year over year inflation rate is 1.2%, if you go by the 0.1% monthly rate in November, that's lower than normal. Of course, when pointing this out, the new gold standard by Trump supporters is that prices should go back down to early 2021 levels. That will NEVER happen, and we shouldn't want this to happen, because it would imply we will have a huge recession associated with debt deflation. Now, going back to the "golden" Trump years, between 2017 and 2019, before covid, cumulative price increases were >6%. That's just what happens in a normal, growing economy. Prices go up. The optimum inflation rate is somewhere between 2 and 3%. That's where we are currently at, so, I'd say the inflation problem is pretty much under control. Of course, this is NOT good news to Trump supporters, who would like inflation to stay high, to be able to exploit politically.
Its good news, because wages are rising faster than inflation, and if it keeps up people can regain the purchasing power they lost while inflation was higher that wage growth. Its as simple as that.
Just watched Maria Bartatrumpshinersycophant, her guests predict oil prices will continue to fall into Nov 2024 and the markets will grow 10%.........Joey B and the Fed, working competently for the American people.
I agree no one is happy about the cost of living increases, but now that gas prices are close to normal, neither Biden, Trump, nor anyone else are going to get these companies making record profits are going to lower their prices. So any candidate that claims such is once again selling pipe dreams, they all do it. The only way is to make sure there is fair market competition, inhibit major mergers and buyouts. The devil is in the details.
Prices are 20% higher than when Biden took office. Even if inflation were zero, it doesn't change that fact. People can't afford to live anymore.
I have also noticeded the magapatriots have stopped squawking about gas prices. I guess them caring about the US producing more oil than any other time in history only matters if it’s used as a weapon. Strange how nothing really seems to be important to them when push comes to shove.
Do you feel inflation would have been zero had trump been reelected? Ignoring of course that inflation had already started raising at the end of the covid shut downs and occurred world wide
Are you going to leave the country? Because hundreds of thousands of people still want to settle in the US. I guess they don't share your apocalyptic view of things.
