Why did rMSM paint yesterday's economic news as a good thing? Goal post moving?
Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in the spring, the annualized inflation rate jumped up 0.4% since April.
Though the inflation rate stayed stable between June and July, core inflation, which excludes the volatile energy and food industries, went up 3.1% over the last month – a higher pace than what was seen in June.
Link: https://www.theguardian.com/business/2025/aug/12/inflation-cpi-trump-tariffs
Replies to: Why did rMSM paint yesterday's economic news as a good thing? Goal post moving?
Everyone is relieved that is way below the 9.1% it reached under sleepy.
Plus, there was a lot of hand-wringing about how tariffs were going to cause inflation to skyrocket...and there have been no hints of that.
How long was inflation that high under Biden? What was it when he left?
Why do you pivot from the original question to answer with a non sequitur?
Cumulative inflation since 2/2020 is 24.3%.
This means that everything you buy is 24.3% higher than it was. So, unless your income has gone up by 24.3% in that time, you are essentially poorer.
Over this period the average inflation rate is 4.43%. 2.7% isn't the target, but it's not a bad number either.
But here's where it gets real bad: people who were living paycheck to paycheck are now under water and taking on debt. Debt they cannot pay off.
Re: Cumulative inflation since 2010 is 47.42% Your point?
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Why did Biden print money making it worse? Discuss.
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Like manned the actual machine to make money or you mean had irresponsible budgets?
If you mean the latter, you should be asking your boy Trump because they have spending waste on lock. Try and disprove it.
"manned the actual machine" I love this!
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"Wipe the server? You mean with a wash cloth?"
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Not sure if you're noticing this...
But Quest is reaching his pinnacle which is Malcolm Gladwell at his low point vs "Doug".
Heh. Indeed.
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So you think Joe walked over to the Treasury and started printing bills?
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He came darned close...but the Easter Bunny stopped him...
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18% from 2010-2020, which is normal to low.
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