14 Jul 2023 6:55 am
Let's see if I understand what you're saying. After 14+ months of year over year Bidenflation at the highest rates in 40 years, having 3% year over year Bidenflation is an accomplishment? Is your liberal talking point really going to be "Forget that our policies caused prices last year to increase more than they had in a generation, when we compare current prices to those extremely inflated prices, the increase isn't that bad."?Bruce » 13 Jul 2023, 1:09 pm » wrote: ↑ The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and trade services, which was in line with expectations.
The producer report comes a day after the consumer price index for June showed a smaller-than-expected increase. The CPI rose just 3% year over year, its lowest level since March 2021, bolstering hopes for investors that the Federal Reserve is near the end of its rate-hiking cycle.
The wholesale producer numbers have declined faster than the consumer inflation data. In May, the headline PPI number actually fell 0.4%, and was unchanged when excluding food, energy and trade services.
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If month by month inflation keeps falling, Uncle Joe can invite Hunter to blow coke in the White House and nobody will care.
MAGA only exists in the swamp of despair.
Unless there’s a recession Trump (or any other Republican) is going to loose in November 2024, and there isn’t anything they can do to stop it.
People are selfish. They vote their pocketbooks.
When compared to 2020, the dollar today will purchase 85% of what it purchased then.