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

[Muhammed]

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

I remember paying less than $1/gallon of gas at Kroger during the Trump presidency and recently paying almost $50 just to fill up my lawnmower during the Biden presidency.

 

[TNHarley]

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.

The economy was great when it was 1.12 a gallon

 

[TNHarley]

I remember paying less than $1/gallon of gas at Kroger during the Trump presidency and recently paying almost $50 just to fill up my lawnmower during the Biden presidency.

It costs me almost 7 bucks to mow my yard the other day. And thats after it dropped a dollar from a few weeks ago. Before that it was 10 bucks!

 

[beagle9]

The economy was great when it was 1.12 a gallon

Bet it was..

 

[beagle9]

It costs me almost 7 bucks to mow my yard the other day. And thats after it dropped a dollar from a few weeks ago. Before that it was 10 bucks!

Crazy huh ? No way should a product be worth more than it is worth considering the entire production of it from resource to refinery to market, and yet somehow we are being hit with some of the most agredious gouging of prices for a single product in the history of this country. The lawn care is one of the biggest eye openers in which to gauge the gouging on. Go and get 5 gallons of gas, and watch the price go crazy as it meters it all together in the display... If that isn't enough to piss the electorate off, then people got more money then they got sense or either they are mentally challenged at best.

 

[LAUGHatLEFTISTS]

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

You poor thing. Who told you that.

 

[Fort Fun Indiana]

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!

Because Trump got thrown out of office on his fat ass before the inflation could occur. Else it would be during his second term.

 

[Cougarbear]

Because Trump got thrown out of office on his fat ass before the inflation could occur. Else it would be during his second term.

Completely wrong. Just wishful thinking. There would be no reason for the inflation. First, we would still be energy independent with plenty of oil to have processed here in the U.S. No jacking up electricity prices with this too. Putin would never have invaded the Ukraine because Trump would not have given Putin the opportunity to make loads of money with the sale of their oil and natural gas to Europe. Since Trump dropped bombs in Syria on Russian troops and killed some, Putin would never have invaded even with oil. OPEC would not be in control of the pricing as well. We see Biden crawling Friday to Saudi Arabia to produce more oil driving down the price. But, even if SA agrees, OPEC is going to raise the prices as much as $380/barrel because Biden and the Democrat Party Congress are weak good for nothings. Thus, the price of everything else would not have gone crazy like it has under Biden. It's Biden and the Democrats fault. But, you know that is exactly what they want. Raise taxes through raised prices.

 

[protectionist]

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?

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.

 

[Stryder50]

and the drop in gas has taken place mostly in July so that is not yet showing up in the inflation numbers.

Clue dildo for brains, gasoline should never have gone up so much in price in the first place!

 

[Stryder50]

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,,

And I remember when it was $0.29/gallon. But that was over half a century ago.

Prior to Nov. 2020 it wasn't expected to increase, especially significantly. More than doubling in less than two years suggests someone(s) (bumbling Biden and dimwit Democrats) have fugged up royally!

 

[Stryder50]

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

Opposite of the tune you all were singing two plus years ago when Trump was POTUS.
POTUS signs off on the Budget from Congress and can "request" increases over and above what they send him.
Groper~molester Joe said let's spend a lot more (we don't have) and too many joined with him on that.

 

[Stryder50]

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.

Looks like you forgot about 2008 and what the Dumbocrats did with the finance industry and home mortgages back then.

 

[Stryder50]

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.

No where near that "hype and change" you cultist bought and brought with Obama and now his sock puppet Biden.
We are a country chock full of dumb~dim~Democrat people.

 

[Harpy Eagle]

Clue dildo for brains, gasoline should never have gone up so much in price in the first place!

True. Had pretty much the whole world not slashed oil production in 2020 it would not have happened

 

[Muhammed]

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

FYI: The U.S. President nominates the Chairman and Vice-Chairman of the Federal Reserve Board of Governors. And then they are confirmed by the U.S. Senate.

It's your choice. You can choose to learn something new today or choose to remain ignorant.

 

[Flash]

 

[Harpy Eagle]

FYI: The U.S. President nominates the Chairman and Vice-Chairman of the Federal Reserve Board of Governors. And then they are confirmed by the U.S. Senate.

It's your choice. You can choose to learn something new today or choose to remain ignorant.

And the Federal Reserve Board of Governors can do little to fight inflation other than crash the economy

 

[Stryder50]

And the Federal Reserve Board of Governors can do little to fight inflation other than crash the economy

Uh, they can increase the amount of currency in circulation which is a major definition of inflation.

 

[marvin martian]

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?

Hard to believe Biden, his crew, and their media are COMPLETELY ignoring this to focus 100% on their J6 Reality Show for Idiots. It's like they want to lose power.