Breitbart Business Digest: Joe Biden Declares Mission Accomplished on Inflation
Measures of underlying inflation got worse, not better, in July.
Measures of underlying inflation got worse, not better, in July.
Wage gains still lag inflation but real wages did actually rise for the first time this year in July.
Nearly everywhere you look in the grocery store, food prices are still soaring.
Economists had expected inflation to fall to 8.8 percent year-over-year and for core inflation to climb to 6.1 percent.
A jobs report that would be wonderful in a low-inflation, high-growth environment is terrible in a high-inflation, low-growth economy.
Trump-endorsed Ohio U.S. Senate candidate J.D. Vance (R) slammed Biden’s 2020 surrogate and Ohio U.S. Senate candidate Rep. Tim Ryan (D-OH) for helping the president “decimate” the economy instead of rebuilding it.
Will Biden try to blame inflation in pots, pans, bedding, kitchen furniture, appliances, toilet paper, house plants, dishes, and even garbage collection on greed and Putin?
Bidenflation has prices rising at the fastest pace in decades.
A week ago, the Fed Funds futures market implied a 4 percent chance of a 75 basis point hike. Now it implies a 90 percent chance.
Taking care of man’s best friend under the Biden administration is yet another task made more complicated by inflation.
Putin ate all our hamburger meat, apparently.
Inflation accelerated again in May, defying expectations that price hikes had peaked earlier this year.
Product sizes on store-bought packages are subtly decreasing while prices remain the same as companies are using the sneaky method of “shrinkflation” to combat rising costs, according to an Associated Press (AP) report.
Food inflation got even worse in April. Even the kitchen table itself costs 14.9 percent more than a year ago.
Prices still rising by more than expected and after-inflation wages are falling.
A Tennessee man has begun farming his own fish as inflation has sent grocery store costs through the roof, according to a report.
Americans are experiencing a spike in anxiety in President Biden’s America due to rising prices, supply chain issues, and global uncertainty, the American Psychological Association’s annual “Stress in America” poll revealed.
It isn’t just getting more expensive to put food on the kitchen table. It’s getting costlier to just get a kitchen table to begin with.
Sen. Rick Scott (R-FL), chair of the National Republican Senatorial Committee (NRSC), renewed his call for “substantive fiscal reforms” and concluded that President Biden has “failed at practically every aspect of his job” in light of the Department of Labor’s latest Consumer Price Index (CPI) report, showing staggering increases across the board.
Prices jumped 2.5 percent in a single month!
Inflation has been running very hot for nine straight months and shows no signs of peaking.
Much worse than expected.
President Joe Biden was hammered for December’s 40-year-high inflation report by members of the establishment media; Washington, DC, insiders; and lawmakers.
The seventh straight month of inflation running above five percent.
Real average weekly earnings are down 1.4 percent compared with a year ago.
In the era of Bidenflation, it is getting much more expensive to buy a car, drive a car, repair a car, or insure a car.
Food inflation is broad-based and sizzling hot, covering nearly everything American families buy for breakfast.
October’s inflation was much worse than expected.
The Department of Labor issued its twin inflation reports, known as the Consumer Price Index and the Producer Price Index, this week. They both showed the prices of many popular holiday gifts have shot up over the past twelve months.
American families were hit with huge price hikes throughout the grocery store aisles in September, indicating that inflationary pressures are picking up steam.
The pace of inflation picked up in September, pushing prices up by more than expected, data from the Department of Labor showed Wednesday.
Bacon prices are up 17 percent compared with a year ago. Eggs are up 9.9 percent. Even salad dressing is getting more expensive.
Consumer prices rose again in August, albeit at a slower pace than earlier in the summer. The Consumer Price Index rose 5.3 percent compared with a year ago, the Department of Labor said Tuesday. On a monthly basis, the CPI
The great used car inflation of 2021 has slowed down, but inflation is still rising in less volatile categories of consumer goods and services, data from the Bureau of Labor Statistics showed Wednesday.
The monthly inflation figure was nearly twice as high as expected.
The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent.
Prices for dresses and suits are down by 16.8 percent.
The Consumer Price Index rose 0.4 percent compared with January, in line with expectations. Compared with a year ago, prices were up 1.7 percent, also in line with the forecast by economists.
After months of falling prices and depressed demand, prices in many apparel categories rose for the second consecutive month in December.
The price of men’s suits have fallen by more than 20% compared with a year ago.