Inflation Increases To 3%, Food, Gasoline, Rent All Headed Higher

[skews13]

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

 

[excalibur]

Bidenomics at work.

 

[SassyIrishLass]

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

You realize Biden owns this, right?

Good grief

 

[Concerned American]

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

Gee, POSITIVE NEWS. Beats the hell out the 30% inflation rate that Biden saddled us with. BTW, fuel prices in this area are stable--hopefully they will come down though.

 

[skews13]

You realize Biden owns this, right?

Good grief

Nope. Trump said he would have this under control on day 1.

Voters won't be blaming Biden in 23 months.

 

[TheProgressivePatriot]

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

Where are all of the suckers and losers who voted for Trump? Common now ! Show your sorry asses . YOU have been had, And how many of you are on medicaid and food stamps? Any veterans who rely on the VA?? You did this to yourself. Don't worry, The mid term elections are coming. Maybe you will smarten up and make better choices. Then again your not that smart,

 

[SassyIrishLass]

Nope. Trump said he would have this under control on day 1.

Voters won't be blaming Biden in 23 months.

You look ridiculous but carry on if you must

 

[Concerned American]

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

LOL, so you've abandoned the Daily Kook for AP now that they have no access to the WH, eh? No conflict there, LMAO.

 

[JackOfNoTrades]

Bidenomics at work.

Except Biden isn't President. Trump is. And these numbers are fresh. Meaning they've taken effect since Trump was declared the winner...and then got inaugurated and promptly started issuing his tariff decrees.

Don't worry, it's gonna get worse. A whole lot worse.

 

[excalibur]

Where are all of the suckers and losers who voted for Trump? Common now ! Show your sorry asses . YOU have been had, And how many of you are on medicaid and food stamps? Any veterans who rely on the VA?? You did this to yourself. Don't worry, The mid term elections are coming. Maybe you will smarten up and make better choices. Then again your not that smart,

​

 

[skews13]

You look ridiculous but carry on if you must

The election is over. There is no more Biden anything. Your loud mouth messiah now owns it.

 

[excalibur]

Except Biden isn't President. Trump is. And these numbers are fresh. Meaning they've taken effect since Trump was declared the winner...and then got inaugurated and promptly started issuing his tariff decrees.

Don't worry, it's gonna get worse. A whole lot worse.

LOL. January numbers, Bidenomics.

The budget is Biden's, It is all Biden's; Biden's stagflation.

 

[excalibur]

The election is over. There is no more Biden anything. Your loud mouth messiah now owns it.

Biden's budget, Biden's economy. Trump doesn't have a package or budget passed.

 

[SassyIrishLass]

The election is over. There is no more Biden anything. Your loud mouth messiah now owns it.

Your numbers are Biden's, are you deliberately trying to be obtuse?

It'll take months to undo what you assholes did

 

[TheProgressivePatriot]

​

Yup ! I'm sure that your head is spinning around just like that about now. Projectile vomiting pea soup ? YOU have been had by the Orange Ogre!

 

[okfine]

Your numbers are Biden's, are you deliberately trying to be obtuse?

It'll take months to undo what you assholes did

Renaming the gulf with another name will lower inflation.

 

[Oddball]

Where are all of the suckers and losers who voted for Trump? Common now ! Show your sorry asses . YOU have been had, And how many of you are on medicaid and food stamps? Any veterans who rely on the VA?? You did this to yourself. Don't worry, The mid term elections are coming. Maybe you will smarten up and make better choices. Then again your not that smart,

WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

The new data shows that inflation has remained stubbornly above the Fed’s 2% target for roughly the past six months after it fell steadily for about a year and a half. Elevated prices turned into a major political hurdle for former President Joe Biden. President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.

The unexpected boost in inflation could dampen some of the business enthusiasm that arose after Trump’s election on promises to reduce regulation and cut taxes. The Dow fell 400 points in mid-day trading Wednesday. Bond yields rose, a sign traders expect inflation and interest rates to remain high.

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.

www.pbs.org

One month into day 1.

THREE WEEKS.

Fucking sub-morons.

 

[SassyIrishLass]

Renaming the gulf with another name will lower inflation.

Dumb, just face facts, your party is floundering and Trump is having his way with you

 

[JackOfNoTrades]

LOL. January numbers, Bidenomics.

The budget is Biden's, It is all Biden's; Biden's stagflation.

LOL. 1/20/2025...yep, last I looked, that date..still in January.

 

[Hollie]

Where are all of the suckers and losers who voted for Trump? Common now ! Show your sorry asses . YOU have been had, And how many of you are on medicaid and food stamps? Any veterans who rely on the VA?? You did this to yourself. Don't worry, The mid term elections are coming. Maybe you will smarten up and make better choices. Then again your not that smart,

January inflation numbers are cumulative under Biden. That will be difficult for you to understand but take responsibility for what your cannibal hunter has done.