Longest federal government shutdown meant data was only collected for second half of November
US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch.
The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month.
It comes amid questions over the strength of the US economy. The longest US federal government shutdown in history halted collection of key data. There was no inflation report for October, and data was only collected for the second half of November.
They’re falling up, what else could he possibly have meant?
LoL, thank you for ridiculing the ridiculous!!
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Egg prices are way, way down! They’ve dropped to $6/dozen, way down from $4.50/dozen last month! Thank you Donald Trump!
(idk what the price of eggs is off the top of my head don’t come for me pls)
US prices rose 2.7% in the year to November, according to federal data
That seems fairly mild as inflation statistics go. Like, nevermind Trump being full of shit, I was under the impression cost of living was rising much faster.
Given how the BLS operates, I’m forced to ask whether these figures are even accurate.
Food has definitely gone up more than 2.7%. Around me at least.
Some food more than others, certainly. Beef has been skyrocketing, thanks to the combination drought, disease, and heat wave.
I haven’t seen much change on staples like rice and beans, though. We figured out how to produce eggs at scale again. No idea how this plays into inflation statistics, though.
Yep. Yogurt prices are crazy. Kids need to start working the mines to eat soon.
I wouldn’t be surprised to find that 2.7% number written in sharpie
I don’t know how they calculate this, but it seems like the expensive products went up a LOT more than 3% so even if that is the average across products it seems like my actual bill went up a lot more.
It’s masked by the decline in energy prices, which are manipulated by oil-producing countries to achieve political outcomes: raise energy prices while Democrats are in power, lower them when Trump gets in. That makes it look like he’s made the economy better.
They are also likely to be revised right?
Probably? Under this administration, idk anymore
Trump lied‽
WAAAAAAAAA???
Dond Trump told his supporters to reject the evidence of their own eyes and ears. It was his final, most essential command.
If only his supporters could read, they’d be very upset about this comparison.
Trump is a lying asshole, but isn’t inflation of 2-3% pretty normal? His problem is he is lying and saying prices are falling. They won’t fall. Inflation will just drop down to normal levels, as seems to be happening. The question is whether that will be enough and whether wages increase enough to match price rises from normal inflation. Especially of there is an AI crash.
2-3% is normal, but not after periods of high inflation. Generally you would want some period of, at least, low inflation. No inflation would be far better
His claim of falling prices would be deflation, which is an economic condition that spooks most people (personally though, I think fears of short-term deflation are overblown)
Yes, the whole point is that he is telling bold faced lies.
“Trump Lies Again!” should be the headline. How safe the media is being while being raped by bored billionaires.
We are way overdue for wage growth
republicans and centrist democrats worked together to make sure that didn’t happen. And they will continue to do so for as long as possible.
Then those democrats and republicans need to go
Yeah, but that’s never happening. Democrats protect centrist incumbents and prefer republicans to progressives.
That will happen, and it needs to happen
It needs to happen, which is why it won’t.
It will happen, and it must
How will it happen?
And the gazelles will slice their own faces off and throw them to the leopards, while bragging about their faceless visages being beautiful.
The headline is phrased like his claims would do anything
Believe me, we’re aware.
Well yeah. What do expect from him? The truth??? Thats communist propaganda
Another one to chalk up to how many failures of this emerging dictatorship, this fucking Iron Heel.
Yeah, I’m sure those numbers aren’t tweaked af. I doubt they are completely making them up. But they are doing everything they can to doctor the numbers. This administration has repeatedly shown how untrustworthy they are. Why would anyone believe the cpi they release?
No, they’re just making them up.
