Inflation hits new 40-year high as gas, food rent costs surge. Another big rate hike appears likely

[Flash]

I remember it being .52,,,

thats why rational thought must be used,, its only been in this flux for less than two yrs so thats the metric we should use,,

You must be young. I remember 19 cents a gallon and even lower than that during a "gas war" in my area.

 

[TNHarley]

I remember it being .52,,,

thats why rational thought must be used,, its only been in this flux for less than two yrs so thats the metric we should use,,

How convenient.

 

[TNHarley]

You must be young. I remember 19 cents a gallon and even lower than that during a "gas war" in my area.

My first fill up when i turned 16 was 1.12. Those was the days lol

 

[Fort Fun Indiana]

The President can do little to combat inflation. The President does not control the Fed. And any Fed chair would be raising rates now.

 

[Fort Fun Indiana]

My first fill up when i turned 16 was 1.12. Those was the days lol

Mine was under a dollar.

Of course that was a Honda Elite scooter...

 

[LAUGHatLEFTISTS]

Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

finance.yahoo.com

All those staggering idiots who said inflation was temporary or transitory.
Even though it was RIDICULOUSLY obvious it was nothing of the kind.



Hey, Bidenbots?
Instead of obsessing about man child Trump?
Why not get the Senile One to do more to start fighting inflation?

You don’t understand…. There was an insurrection!!!!

 

[LAUGHatLEFTISTS]

HEY!!!

Where's all the Biden voters in this thread???

They’re waiting for their talking points to come out and think progress to make a graph. Nothing fools leftists like a multi colored graph.

 

[task0778]

I am predicting we never see gas under 3.50 dollars nationally again, ever no matter how happens to sit in the White House.

You might wanna rethink that prediction. The price of gas always rises and falls based on a number of factors, but chiefly supply and demand.

Right now, demand is dropping and so is the price, at least for now; that's how it works. But sooner or later the supply will catch up and the price will fall as it always has and always will. The question is, how soon and how much, and I predict that unless Biden reverses his policies regarding the fossil fuel industry, gas prices will not be falling as fast or as much as they might have under Trump if he were the prez. Of course, the price of gas wouldn't have been as high, but that's another story.

Biden's problem is that the economy is slowing down and will continue to slow down and according to some we are already in a recession. We'll find out for sure at the end of the month when the GDP numbers come out, but when the economy dips then so does demand for gas. Which I believe will help reduce inflation somewhat, but it'll still be too high. Stagflation I think it's called.

 

[skews13]

You don’t understand…. There was an insurrection!!!!

No. You dont understand. There was a conservative revolution. So how is that whole contract with America thing ol Newt gave you, working out for you?

This is what the repeal of anti trust laws, and deregulating the entire finance industry looks like numbnuts.

 

[jwoodie]

Libtards are always looking for excuses rather than reasons. Biden announced his intention and then began to spike U.S. fossil fuel production. As a result, current production was curtailed and future plans were suspended indefinitely, thus limiting supply and increasing prices. Econ 101. Blaming Putin is particularly moronic, since Russia has been increasing its oil and gas production.

Similarly, blaming the Fed for inflation is like blaming the Fire Dept. for a forest fire. It was huge government spending that caused the fire in the first place. As President, Biden is the chief arsonist.

 

[Fort Fun Indiana]

Libtards are always looking for excuses rather than reasons. Biden announced his intention and then began to spike U.S. fossil fuel production. As a result, current production was curtailed and future plans were suspended indefinitely, thus limiting supply and increasing prices.

This is probably the dumbest lie the cultists have in their possession about all of this.

We are a country chock full of dumb people.

 

[LAUGHatLEFTISTS]

No. You dont understand. There was a conservative revolution. So how is that whole contract with America thing ol Newt gave you, working out for you?

This is what the repeal of anti trust laws, and deregulating the entire finance industry looks like numbnuts.

The contract with America worked out great for me and every working American.

 

[beagle9]

Gas has dropped over a dollar gallon here. And thats awesome.
Food and energy still keeps going up. Thats not awesome. At all.

Dropped a $1.00 ? It won't be right until it hits Trump prices and then lower.

 

[TNHarley]

Dropped a $1.00 ? It won't be right until it hits Trump prices and then lower.

It wont be right until it hits 1.12. Thats the lowest I remember!
See, I can play this stupid game too

 

[skews13]

This is probably the dumbest lie the cultists have in their possession about all of this.

We are a country chock full of dumb people.

75 million Trump voters proves that beyond any doubt.

 

[skews13]

The contract with America worked out great for me and every working American.

The contract with America worked out for no one outside of the upper 1%.

 

[Ralph Norton]

75 million Trump voters proves that beyond any doubt.

Thank God 81 million of you smart people installed Biden as president because the country has never been in better shape.

 

[Cougarbear]

United States Inflation Rate

Inflation Rate in the United States decreased to 3 percent in June from 3.30 percent in May of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

I GUARANTEE you that if this rate does not come WAY down by November - the Dems are toast at the polls.
And that is assuming that the Fed does not crash the economy as it fights inflation.


Once again, I despise both parties.

Praise Trump because when Biden took over, Inflation was at 1.2%. It's all the Democrat's fault as they but this Biden nutcase in as President. President Micky Mouse!

 

[beagle9]

Yes it is. This is what happens when the whole world slashes production due to a pandemic and then take their sweet time ramping back up. Add to that anti-oil policies from the current US Admin and we get what we have.

I am predicting we never see gas under 3.50 dollars nationally again, ever no matter how happens to sit in the White House.

One thing about inflation is the prices never go back to where they were.

You finally getting it now ??

 

[beagle9]

It wont be right until it hits 1.12. Thats the lowest I remember!
See, I can play this stupid game too

You're the one making it a stupid game. Prices need to reflect well of a great economy, otherwise basically acting as a measure on the prosperity within the economy when production is high, orders are coming in, labor is healthy, and rewards are seen through in and through out, therefore lifting all boats in the process.