Inflation rate maybe down... but down from what?

[healthmyths]

So while inflation rate has declined almost everyone including the biased MSM keep forgetting something...
Prices don't decline... they just don't go up as much... The average prices as the below shows have increased each year.
Trump inflation rate 2017 --2.1% 2018--1.9% 2019--2.3 2020--1.4% --- Average for 4 years:1.93%
Biden inflation rate: 2021 --7.0% 2022--6.5% 2023--3.4 2024--2.9% ---Average for 4 years: 4.11% a 113% Increases in inflation!
BUT what most people forget is the prices of goods DON"T decline! They just don't rise as much!
So for example peanut butter Increased from 1/2021 40.7%...
Peanut butter priced at $2.48 in 1997 → $4.76 in 2024 a price increase of 91%

US Producer Price Index: Roasted Nuts and Peanut Butter Man…

View monthly updates and historical trends for US Producer Price Index: Roasted Nuts and Peanut Butter Manufacturing. from United States. Source: Bureau o…

ycharts.com

Now for the few of you that still don't understand... Biden/Harris brag that inflation has gone down... RIGHT but the RATE has gone down!
The price has NOT declined.
Peanut butter over 40% increase in just 4 years!
Gas/Diesel both used in delivering peanut butter plus everything else to the supermarkets have since Biden/Harris took office.. 40% to 50% increase!
Remember those prices haven't gone down... just haven't increased as much!
And when it comes to the cause of this?
The following is a major cause because whenever people talk about destroying fossil fuels... even dummies know that means prices will skyrocket!
Biden said "I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019,

 

[Rambunctious]

I just went to the store yesterday... it looked like inflation is not going down even gasoline is going up again....
Why this white house won't undo their war on fossil fuels and get our prices back down is just bewildering to me.... I think they fear it will show they were wrong from the start....

 

[Skylar]

So while inflation rate has declined almost everyone including the biased MSM keep forgetting something...
Prices don't decline... they just don't go up as much... The average prices as the below shows have increased each year.
Trump inflation rate 2017 --2.1% 2018--1.9% 2019--2.3 2020--1.4% --- Average for 4 years:1.93%
Biden inflation rate: 2021 --7.0% 2022--6.5% 2023--3.4 2024--2.9% ---Average for 4 years: 4.11% a 113% Increases in inflation!
BUT what most people forget is the prices of goods DON"T decline! They just don't rise as much!
So for example peanut butter Increased from 1/2021 40.7%...
Peanut butter priced at $2.48 in 1997 → $4.76 in 2024 a price increase of 91%

US Producer Price Index: Roasted Nuts and Peanut Butter Man…

View monthly updates and historical trends for US Producer Price Index: Roasted Nuts and Peanut Butter Manufacturing. from United States. Source: Bureau o…

ycharts.com

Now for the few of you that still don't understand... Biden/Harris brag that inflation has gone down... RIGHT but the RATE has gone down!
The price has NOT declined.
Peanut butter over 40% increase in just 4 years!
Gas/Diesel both used in delivering peanut butter plus everything else to the supermarkets have since Biden/Harris took office.. 40% to 50% increase!
Remember those prices haven't gone down... just haven't increased as much!
And when it comes to the cause of this?
The following is a major cause because whenever people talk about destroying fossil fuels... even dummies know that means prices will skyrocket!
Biden said "I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019,

View attachment 1027142



View attachment 1027139

So...if Biden is going to end fossil fuels, why did oil production in the US increease every year of his presidency, with the all time record for domestic oil production being under Biden?

 

[Cassandro]

Inflation is a long term problem. Devaluation is the only solution.

 

[g5000]

Biden inflation rate: 2021 --7.0% 2022--6.5% 2023--3.4 2024--2.9% ---Average for 4 years: 4.11% a 113% Increases in inflation!

You are an innumerate ass and a liar.

4.11% times four years is not 113%, idiot.

And here is the lie of omission you lying liars always commit. You deliberately avoid the fact wages have risen faster than inflation.

Inflation vs. wages: How rising prices stack up against growing pay

Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%


As for the rest of your post, it's your same tired bullshit about oil production I have thoroughly debunked countless times.

Why do you keep pushing what you know is bullshit?

 

[BluesLegend]

I just went to the store yesterday... it looked like inflation is not going down even gasoline is going up again....
Why this white house won't undo their war on fossil fuels and get our prices back down is just bewildering to me.... I think they fear it will show they were wrong from the start....

Stupid shit Democrats war on fossil fuels is largely what jacked up the price of everything. Someone tell those idiots it takes energy to manufacture/grow, pack, ship, store, sell and transport home pretty much everything. God you want to punch Dems right in the face am I right?

 

[g5000]

One dollar today is worth about a nickel in WWII.

 

[g5000]

Stupid shit Democrats war on fossil fuels is largely what jacked up the price of everything. Someone tell those idiots it takes energy to manufacture/grow, pack, ship, store, sell and transport home pretty much everything. God you want to punch Dems right in the face am I right?

Don't you get ever tired of pushing these lies?

​

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%​

New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office-, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

In other news:

U.S. Oil Production Hits Record High, Set to Remain Dominant​

 

[BluesLegend]

So...if Biden is going to end fossil fuels, why did oil production in the US increase

Dems God pull your head out of your ass. It's not just about # of barrels produced you stupid shits. It's about the cost of producing it, transporting, refining, delivery, your jacked up fuel taxes piled on. The asshole Biden/Dem regime has jacked up the cost of fossil fuels at every point in the supply chain. On purpose. MF'ers!

 

[Skylar]

Dems God pull your head out of your ass. It's not just about # of barrels produced you stupid shits. It's about the cost of producing it, transporting, refining, delivery, your jacked up fuel taxes piled on. The asshole Biden/Dem regime has jacked up the cost of fossil fuels at every point in the supply chain. On purpose. MF'ers!

Says who, dipshit? Among the MAGA faithful, any random batshit you can make up is accepted as the gospel truth......but outside of the mindless sea of nodding redhats, you'll need evidence.

Show me, mouth-breather. Don't tell me. Show me the evidence that Biden has intentionally increased the cost of producing oil AND that that increase cost is what has driven inflation in the last 3 years.

Just like I showed you the record oil production under Biden. And increases every year he's been in office. In explicit contradiction to your brain-dead MAGA narrative.

 

[toobfreak]

Inflation rate maybe down...​

The inflation rate is down like as asteroid in free fall towards the Earth has slightly leveled off before the impact.

Now that Biden and Harris have risen costs drastically over a very short time, they are only now getting back to a somewhat normal rate of price increases.

Nothing is getting cheaper under these two.

 

[d0gbreath]

Rising prices is as American as Mom and apple pie.

 

[Skylar]

Rising prices is as American as Mom and apple pie.

And Trump's solution to inflation? Crypto. Tariff, somehow. He's never really explained the connection. And apparently more oil, despite Biden holding the all time record for domestic oil production. If oil production was going to stop inflation, it would have stopped inflation.

 

[healthmyths]

You are an innumerate ass and a liar.

4.11% times four years is not 113%, idiot.

And here is the lie of omission you lying liars always commit. You deliberately avoid the fact wages have risen faster than inflation.

Inflation vs. wages: How rising prices stack up against growing pay

Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%


As for the rest of your post, it's your same tired bullshit about oil production I have thoroughly debunked countless times.

Why do you keep pushing what you know is bullshit?

OK Biden's average for 4 years has been 4.11%
Trump's average for 4 years was 1.93%
4.93%- 1.93% = 2.18%
divide 1.93%/2.18% equals..113% INCREASE!! Here let me make it simpler.

4.93% is greater than 1.93% by 2.18%... agree?
Then what is the increase of 4.93% over 1.93%???
GEEZ I've been taught divide the increase 2.18% by the starting point 1.93% and WAL LA!

The increase is 113%!

But in case you don't still comprehend. let's make it simpler.

What percent increase in 10 to 30?
Increase by 20... ok???
If you have 10 pencils and you buy 20 more what percent of more pencils do you have now?
Hmmmm... 10 divided into 20? 200%!
Or another way you have 1 sock. find the other sock now you have 2 socks.
How many more socks do you have? 2/1 equals 200%!
Now again... Trump average inflation rate for 4 years... 1.93%
Biden's average inflation rate for 4 years..4.11%
Increase from Trump's average of 1.93% by Biden's 4.11% is hmmm 2.18% INCREASE under Biden!
So what was the % increase to 4.11% of 2.18% ? Divide 2.18% increase by 1.93% and guess what?
113% INCREASE!!

 

[toobfreak]

Why this white house won't undo their war on fossil fuels and get our prices back down is just bewildering to me....

Because the globalists put their war on climate and carbon far, far ahead of your ability to even live much less thrive.

You are an expendable element in their war again human population.

 

[toobfreak]

Inflation is a long term problem.

Inflation is actually just a misnomer for excessive spending (and borrowing).
Just another way of saying the dollar is worth less because they have printed more money than the USA is worth.
You can thank Obumma in large part because of his QE1 and QE2.
The democrats have pissed away your children's futures to pass their globalist present.

 

[d0gbreath]

And Trump's solution to inflation? Crypto. Tariff, somehow. He's never really explained the connection. And apparently more oil, despite Biden holding the all time record for domestic oil production. If oil production was going to stop inflation, it would have stopped inflation.

Nothing will ever stop inflation. I can see a Snickers candy bar going for $22.50, sooner, rather than later.

It's the candy bar metric, which is a good measure of inflation, and always has been.

 

[Skylar]

Nothing will ever stop inflation. I can see a Snickers candy bar going for $22.50, sooner, rather than later.

Really? Because Trump has insisted he'll not only stop inflation, he'll roll prices back.

How, he has never said. Its it the mass deportations, which would almost certainly drive up the cost of labor? The massive tarriffs, paid by Americans, amounting to a 25% tax on imported goods? Um......crypto, somehow?

Smiling......or is this like Trump's 'concept of a plan' to replace Obamacare.

 

[healthmyths]

Don't you get ever tired of pushing these lies?

​

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%​

New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office-, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

In other news:

U.S. Oil Production Hits Record High, Set to Remain Dominant​

Well at least you are showing your links...BUT here are the FACTS!
First of all how long does it take from the time an oil lease is signed by the President to oil production?

It takes a long time to get from a federal drilling lease to actual oil​

It takes a long time to get from a federal drilling lease to actual oil

Companies have to evaluate their prospects, then come up with a budget and manage crew and equipment logistics.

www.marketplace.org

Companies are required under government leasing regulations to develop a lease between five and 10 years depending on the area and water depth or return it to the government. In general, leases not producing by the end of their term are relinquished back to the government, which can then re-lease them.Jun 10, 2015

An Offshore Timeline | Coastal Review

In general, it can can take anywhere from seven to 10 years from purchase of the lease to the first production for an offshore well in areas that have existing infrastructure.

coastalreview.org

SO DUMMIES like you think the minute a lease is signed oil production begins immediately!
But as you hopefully understands Biden's not signed any leases over the years as many as Trump.
Hence Trump signed leases are the ones that are creating the oil production.
Remember Biden has told us..
"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019,

And what he did on the first day of his term,

Biden suspends oil and gas leasing in slew of executive actions on climate change ​

PUBLISHED WED, JAN 27 20211:56 PM ESTUPDATED WED, JAN 27 20212:12 PM EST

Biden suspends oil and gas leasing in slew of executive actions on climate change

Biden's orders will halt oil and natural gas leases on public lands and waters in an effort to curb planet-warming carbon emissions.

www.cnbc.com

 

[American Eagle]

I made a thread about it, but liberals can't have a discussion about it. Hell, they probably never even heard of terms like CPI, PPI, COGI, and COLI>