Trump vowed to slash prices — inflation just hit highest in months

[JimH52]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

 

[jbrownson0831]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

More incorrect, kookbot news from jimboliar.....
Do you ever get anything right?

 

[ElmerMudd]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

The MAGA minions will refuse to believe it. As inflation increases over the months to come, and it will, MAGA will start saying inflation is good.

 

[Invisibleflash]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

 

[JimH52]

The MAGA minions will refuse to believe it. As inflation increases over the months to come, and it will, MAGA will start saying inflation is good.

Just like they are now saying that the Epstein files are not that important. They realize trump or some of his billionaire buddies may be named in the files.

 

[Oddball]

2% annually has been the Fed's target rate for inflation for at least 50 years....0.7% over that is hardly any kind of inflation crisis.

OP is GIGO.

 

[Independent thinker]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

2.7 vs Biden's 9.8? I'll take it and so will everyone else.

 

[0311]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it willhE peak, at this point. Will trump once again back off his worldwide tariff threats?

He is still demanding Fed. Chair Powell lower interest rates and Powell remains firm on not doing so. Powell was appointed by47, but is NOT one yes-man lackies. The Fed. Chair is an independent office and Powell while appointed by 47, will as Fed Chair until his term expires. 47 is very upset Powell do as he is told. But Powell does not have to.

 

[ElmerMudd]

2.7 vs Biden's 9.8? I'll take it and so will everyone else.

Or 2.7 compared to Biden's 2.3%

 

[Independent thinker]

Or 2.7 compared to Biden's 2.3%

Biden had a four year total of about 20% in flation. Trump isn't anywhere close to that.

 

[JimH52]

Or 2.7 compared to Biden's 2.3%

Yup, Biden handed trump a very good economy. He began immediately to screw it up.

 

[0311]

Or 2.7 compared to Biden's 2.3%

Inflation grows, like 47 's promise to end the war in Ukraine on day one, he has failed reduced costs. His tariffs are raising the prices on consumer goods His answer is to sue California over the price of eggs....which does not to lower costs at all.

 

[0311]

Yup, Biden handed trump a very good economy. He began immediately to screw it up.

47 was given a strong economy and fucked it up. Biden was paying the the National Debt and 47's big ugly bill will ad $3.3T to the National Debt. Someday, ReNaziKlans will learn that trickle down never works.

 

[JimH52]

47 was given a strong economy and fucked it up. Biden was paying the the National Debt and 47's big ugly bill will ad $3.3T to the National Debt. Someday, ReNaziKlans will learn that trickle down never works.

The only thing that trickle down is when trump's diaper get full.

 

[Winston]

The MAGA minions will refuse to believe it. As inflation increases over the months to come, and it will, MAGA will start saying inflation is good.

Eventually, they will have to believe it, they will feel it. Honestly, I don't feel that bad about 2.7% annual inflation rate. To me, the Fed's target rate of two percent is too low, especially in today's economy. I would be happy with anything under three.

But, this new number is just the beginning. I predicted it from the onset, admittedly, I said it would be raging by the back to school shopping season but TACO Trump has postponed many of his tariffs and reduced others. Regardless, by Thanksgiving things are not going to be pretty.

But it is not just the tariffs. This mass deportation fiasco is starting to have an impact. Poultry prices have begun to climb at an accelerating rate. Produce prices are rising although retailers are pushing back against supplier cost increases, eventually, those prices are going to have to increase or we are going to be doing without. Cherries a clear example. Beef is also beginning to increase in price, check out the price of calves and more importantly, the difference in the price for calves and the price for feedlot cattle.

 

[luiza]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

Clearly you believe any old rubbish without thought and consideration .
One of the necessary ways to reduce the dollar value is to increase inflation .
Ready for a Re-set .
Some huge QE would also be great .

Do you never actually listen and watch real happenings ?
Or do you just repeat what you are dished up to eat ?
And then start whining and bleating because you believed garbage

 

[JimH52]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

Gasoline is staying level and inflation is rising. I wonder why?

 

[22lcidw]

He is still demanding Fed. Chair Powell lower interest rates and Powell remains firm on not doing so. Powell was appointed by47, but is NOT one yes-man lackies. The Fed. Chair is an independent office and Powell while appointed by 47, will as Fed Chair until his term expires. 47 is very upset Powell do as he is told. But Powell does not have to.

Deficits are a fact of life. Over 1.1 Trillion dollars in interest payments for next year with current prime rate levels.

 

[ElmerMudd]

Biden had a four year total of about 20% in flation. Trump isn't anywhere close to that.

Biden's 4 year, year over year, average inflation was 4.95%.
Trump's first term was 2.46%, year over year, average.
Obama's was 1.46%
Trump's second is yet to be determined. I guarantee it will be higher than 5%. Tariffs will be hitting 4th quarter this year.

 

[Independent thinker]

Biden's 4 year, year over year, average inflation was 4.95%.
Trump's first term was 2.46%, year over year, average.
Obama's was 1.46%
Trump's second is yet to be determined. I guarantee it will be higher than 5%. Tariffs will be hitting 4th quarter this year.

I see what you're saying, you're saying that Trump's inflation is far, far below Biden's inflation.