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Started By
Message
Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago
Posted on 2/14/23 at 7:55 am
Posted on 2/14/23 at 7:55 am
quote:
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday.
The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%.
Excluding volatile food and energy, core CPI increased 0.4% monthly and 5.6% from a year ago, against respective estimates of 0.3% and 5.5%.
quote:
While price increases had been abating in recent months, January’s data shows that inflation is still a force in a U.S. economy in danger of slipping into recession this year.
That has come despite Federal Reserve efforts to quell the problem. The central bank has hiked its benchmark interest rate eight times since March 2022 as inflation rose to its highest level in 41 years last summer.
LINK
This post was edited on 2/14/23 at 8:16 am
15
Posted on 2/14/23 at 7:57 am to RLDSC FAN
Nonsense.
Brandon just told the nation while giving a speech that the economy is better than ever and inflation has gone way down. I’m just January alone, over 500,000 new jobs.
He straight up said look at how the economy was when he got it.
I mean, if you can’t believe Brandon while giving a speech on tv, then who you gonna believe?
Brandon just told the nation while giving a speech that the economy is better than ever and inflation has gone way down. I’m just January alone, over 500,000 new jobs.
He straight up said look at how the economy was when he got it.
I mean, if you can’t believe Brandon while giving a speech on tv, then who you gonna believe?
Posted on 2/14/23 at 7:58 am to RLDSC FAN
6.4% year over ye are my arse.
Posted on 2/14/23 at 7:58 am to RLDSC FAN
Fraudulent elections have devastating consequences.
Posted on 2/14/23 at 7:58 am to RLDSC FAN
Print more money and give it away.... and now we have inflation..... cant understand why.....
Posted on 2/14/23 at 7:58 am to RLDSC FAN
Guess my 401k is in for another fricking when the market opens…….
Posted on 2/14/23 at 7:58 am to RLDSC FAN
Trump and Putin’s fault.
Posted on 2/14/23 at 7:59 am to RLDSC FAN
quote:
more than expected
Posted on 2/14/23 at 8:06 am to RLDSC FAN
Biden got his little victory lap for his SOTU, but the people still suffer. 
Said it before, the only place inflation has fallen is in the white house.
Said it before, the only place inflation has fallen is in the white house.
Posted on 2/14/23 at 8:07 am to Fat and Happy
That's why he's known as "The Liar-in-Chief".
Posted on 2/14/23 at 8:08 am to OmniPundit
quote:They all are.
That's why he's known as "The Liar-in-Chief".
Posted on 2/14/23 at 8:08 am to saint tiger225
The entire Federal government is tone deaf and corrupt. Don't believe you lying eyes is Lieden's mantra.
Posted on 2/14/23 at 8:09 am to Oilfieldbiology
quote:
6.4% year over ye are my arse.
Yea it's higher
Also, January 2022 inflation was around 7% too. Just based on the numbers they claim that is over 13% in two years.
Even that is insane but we all know it's higher. They have messed with the numbers no doubt.
Posted on 2/14/23 at 8:09 am to Fat and Happy
quote:Well, the job market is really strong right now. That's part of the reason inflation won't drop.
Brandon just told the nation while giving a speech that the economy is better than ever and inflation has gone way down. I’m just January alone, over 500,000 new jobs.
Posted on 2/14/23 at 8:11 am to saint tiger225
I’m so pissed at Trump and his mean tweets because that’s what caused the fraudulent election results.
Posted on 2/14/23 at 8:11 am to iron banks
quote:
The entire Federal government is tone deaf and corrupt.
The "Inflation reduction act" is the same kind of mental gymnastics commies use for things like "the great leap forward" or the "cultural revolution" where their words are literally the opposite of what they say.
Posted on 2/14/23 at 8:11 am to Oilfieldbiology
quote:
6.4% year over ye are my arse.
I don't believe ANY number put out by our gov't. They are all proven to be false over time. All of them.
Posted on 2/14/23 at 8:12 am to RLDSC FAN
quote:
Excluding volatile food and energy, core CPI increased 0.4% monthly and 5.6% from a year ago
Excluding the two most important things in people’s lives and still rising
The state of the union makes more sense now.
Posted on 2/14/23 at 8:12 am to saint tiger225
quote:
Well, the job market is really strong right now. That's part of the reason inflation won't drop.
lol
Jobs were really strong under Trump and yet I don't recall inflation numbers like this
It is definitely the job numbers, though, and not at all the trillions of dollars we keep printing.
Posted on 2/14/23 at 8:14 am to MrLSU
quote:I'm pissed at Trump bc he gave away free money (lol) and now our economy is fricked bc of it. With the help of Biden, of course.
I’m so pissed at Trump and his mean tweets because that’s what caused the fraudulent election results.
They're like the tag team of the US government. One is in office and fricks you, then the next comes in office and keeps fricking you. Doesn't even have the common courtesy to use lube, smh.
This post was edited on 2/14/23 at 8:15 am
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