Inflation is fake news, perpetrated by fake conservative media to scare the less informed Americans and make Biden look bad after Trump was a miserable failure as a president.
Yesterday we had a great inflation reading of only +0.1%, and today we got an even better deflation reading of -0.5% !!!!
Now we can see that it is obvious that the bulk of inflation is from the supply chain and Putin's war. After Trump's best bud Putin invaded Ukraine the price of all commodities surged 80-100% in a couple weeks.
The price of wheat, metals, nat gas, oil, steel, corn, everything across the board surged by 80-100%, of course that will cause major inflation.
Because of the Ukraine invasion and the massive and rapid surge in commodities, inflation then surged with it, which is to be expected, then people wrongly could not admit/identify that inflation increased because of this commoditiy surge.
Now the world has adjusted to the war and supply chain are normalizing, and lo and behold inflation is plummeting and gone negative.
Right now we have DEFLATION !
Biden has navigated the mess he inherited from Trump, all of Trump's record mega debt, deficit, and fake money FED stimulus caused major inflation, and then Trump's best bud Putin's Ukraine invasion exacerbated the situation bigly. But now the supply chains have had time to normalize and inflation is going bye bye !!!
March Producer Price Index: -0.5% vs. +0.1% consensus and -0.1% in February (unchanged). On a year-over-year basis, PPI rose 2.7% vs
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