President Biden Statement on CPI Inflation in June

[1srelluc]

While today’s headline inflation reading is unacceptably high, it is also out-of-date. Energy alone comprised nearly half of the monthly increase in inflation. Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, that have reduced the price at the pump by about 40 cents since mid-June. Those savings are providing important breathing room for American families. And, other commodities like wheat have fallen sharply since this report.

Importantly, today’s report shows that what economists call annual “core inflation” came down for the third month in a row, and is the first month since last year where the annual “core” inflation rate is below six percent......

President Biden Statement on CPI Inflation in June | The White House

WTF? He must be waiting for the hotdog pricing index report.

 

[progressive hunter]

 

[JGalt]

Biden's apology statement is idiotic. Legislation to "reduce the cost of everyday expenses that are hitting American families, from prescription drugs to utility bills to health insurance premiums"?

How much is that going to cost? Don't those idiots know that subsidizing people's expenses, prescription drugs, and insurance premiums is only going to add to the inflation?

And then he goes on to blame Republicans for increasing taxes. What a fuckin' crock of shit. Bidenomics are going to be the ruination of the nation.

 

[bendog]

jus saying

9.1 CPI!! When was the last time???

In June, the Consumer Price Index for All Urban Consumers rose 1.3 percent, seasonally adjusted, and rose 9.1 percent over the last 12 months, not seasonally adjusted. https://www.bls.gov/cpi/ Look at this chart.. nearly 40% increase in energy. Gas prices: Why gas prices are 100% higher today...

www.usmessageboard.com

 

[Votto]

Bill Gates is buying up all the farms so that he can restrict use of fertilizer to grown things................

Why? Cuz global warming, as everyone starves to death.

 

[Flash]

While today’s headline inflation reading is unacceptably high, it is also out-of-date. Energy alone comprised nearly half of the monthly increase in inflation. Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, that have reduced the price at the pump by about 40 cents since mid-June. Those savings are providing important breathing room for American families. And, other commodities like wheat have fallen sharply since this report.

Importantly, today’s report shows that what economists call annual “core inflation” came down for the third month in a row, and is the first month since last year where the annual “core” inflation rate is below six percent......

President Biden Statement on CPI Inflation in June | The White House

WTF? He must be waiting for the hotdog pricing index report.

My god he is an idiot!

Not his fault, Nope, not his fault at all. Somebody else's fault. We are all mistaken if we think things are bad. He is doing a great job.

Just think of the morons that voted for this idiot. We told them that he was going to be a disaster but they didn't listen and now we have almost 10% inflation. Hell, even Obama told us to never underestimate the abilthy of Joe Biden to fuck things up. The only thing Obama ever got right in his life.

The only reasons gas prices have been dropping a little bit is because this moron is depleting the Strategic Petroleum Reserve and demand is down because people can't afford it.

 

[SassyIrishLass]

Gobblygoop from a senile pant shitter

 

[CrusaderFrank]

Bill Gates is buying up all the farms so that he can restrict use of fertilizer to grown things................

Why? Cuz global warming, as everyone starves to death.

There was a time I felt bad when Gates got smacked with that cream pie. Around the same time I thought Pinochet was a bad guy.

How things change

 

[protectionist]

My god he is an idiot!

Not his fault, Nope, not his fault at all. Somebody else's fault. We are all mistaken if we think things are bad. He is doing a great job.

Just think of the morons that voted for this idiot. We told them that he was going to be a disaster but they didn't listen and now we have almost 10% inflation. Hell, even Obama told us to never underestimate the abilthy of Joe Biden to fuck things up. The only thing Obama ever got right in his life.

The only reasons gas prices have been dropping a little bit is because this moron is depleting the Strategic Petroleum Reserve and demand is down because people can't afford it.

Prices are 100% higher, not 9.1%.
What the 40 Year Record Inflation Numbers Don’t Reflect, is the REAL 40 Year Record Inflation Numbers.
The reported 9.1% inflation rate is a concoction by the Biden administration. It is the CPI which comes from the Bureau of Labor Statistics, which is part of Biden's Dept of Commerce.
Prices have more than doubled on just about everything. Gas, rent, food, you name it. That's more than 100% inflation.