Longest federal government shutdown meant data was only collected for second half of November
US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch.
The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month.
It comes amid questions over the strength of the US economy. The longest US federal government shutdown in history halted collection of key data. There was no inflation report for October, and data was only collected for the second half of November.
“Trump Lies Again!” should be the headline. How safe the media is being while being raped by bored billionaires.
Another one to chalk up to how many failures of this emerging dictatorship, this fucking Iron Heel.
Yeah, I’m sure those numbers aren’t tweaked af. I doubt they are completely making them up. But they are doing everything they can to doctor the numbers. This administration has repeatedly shown how untrustworthy they are. Why would anyone believe the cpi they release?
No, they’re just making them up.
Doesn’t matter. He said they’re falling and the idiots believe him. Remember, over half of Amerikkka’s population are complete fucking morons.
Well yeah. What do expect from him? The truth??? Thats communist propaganda
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Egg prices are way, way down! They’ve dropped to $6/dozen, way down from $4.50/dozen last month! Thank you Donald Trump!
(idk what the price of eggs is off the top of my head don’t come for me pls)
They’re falling up, what else could he possibly have meant?
LoL, thank you for ridiculing the ridiculous!!
Trump lied‽
WAAAAAAAAA???
US prices rose 2.7% in the year to November, according to federal data
That seems fairly mild as inflation statistics go. Like, nevermind Trump being full of shit, I was under the impression cost of living was rising much faster.
Given how the BLS operates, I’m forced to ask whether these figures are even accurate.
They are also likely to be revised right?
Probably? Under this administration, idk anymore
It’s masked by the decline in energy prices, which are manipulated by oil-producing countries to achieve political outcomes: raise energy prices while Democrats are in power, lower them when Trump gets in. That makes it look like he’s made the economy better.
Food has definitely gone up more than 2.7%. Around me at least.
Yep. Yogurt prices are crazy. Kids need to start working the mines to eat soon.
Some food more than others, certainly. Beef has been skyrocketing, thanks to the combination drought, disease, and heat wave.
I haven’t seen much change on staples like rice and beans, though. We figured out how to produce eggs at scale again. No idea how this plays into inflation statistics, though.
I wouldn’t be surprised to find that 2.7% number written in sharpie
the rises in healthcare, housing, etc aren’t part of the inflation index.
the rises in healthcare, housing, etc aren’t part of the inflation index.
If by the vague term “inflation index” you mean the Consumer Price Index, then yes they are.
https://en.wikipedia.org/wiki/Consumer_price_index_in_the_United_States
Sure. But that’s a decades-old problem with much deeper roots than the current president.
There’s a bigger gulf between Trump and Romney than Romney and Obama. Ds and Rs have largely been in alignment on housing and health care
Healthcare is very much a Trump problem, and some have seen doubling of the price in December of the health insurance.
Ds and Rs have largely been in alignment on […] health care
Tell me you never read the full plans for Obamacare without using those words.
The full plans didn’t pass the Democrat majority controlled House or Senate.
Max Baucus would be better attributed as the author of a "Obama"care, as it was his version of the bill that made it to a floor vote.
The full plans didn’t pass the Democrat majority controlled House or Senate.
As though jettisoning the public option wasn’t part of the plan.
It wasn’t in the whitepapers Obama is supposed to get credit for. But the compromises and the rug pulls are never in the fine print.
I don’t know how they calculate this, but it seems like the expensive products went up a LOT more than 3% so even if that is the average across products it seems like my actual bill went up a lot more.
Inflation covers everything* but not everything has gone up in price.
- not literally everything but more than the essentials like groceries
Claims are for liars.
Dond Trump told his supporters to reject the evidence of their own eyes and ears. It was his final, most essential command.
If only his supporters could read, they’d be very upset about this comparison.
Trump is a lying asshole, but isn’t inflation of 2-3% pretty normal? His problem is he is lying and saying prices are falling. They won’t fall. Inflation will just drop down to normal levels, as seems to be happening. The question is whether that will be enough and whether wages increase enough to match price rises from normal inflation. Especially of there is an AI crash.
2-3% is normal, but not after periods of high inflation. Generally you would want some period of, at least, low inflation. No inflation would be far better
His claim of falling prices would be deflation, which is an economic condition that spooks most people (personally though, I think fears of short-term deflation are overblown)
Yes, the whole point is that he is telling bold faced lies.
We are way overdue for wage growth
republicans and centrist democrats worked together to make sure that didn’t happen. And they will continue to do so for as long as possible.
Then those democrats and republicans need to go
Yeah, but that’s never happening. Democrats protect centrist incumbents and prefer republicans to progressives.
That will happen, and it needs to happen
It needs to happen, which is why it won’t.
It will happen, and it must
How will it happen?
And the gazelles will slice their own faces off and throw them to the leopards, while bragging about their faceless visages being beautiful.
Believe me, we’re aware.
