The Inflation Effect

[Justin Richardson]

For three and a half years now, we have been paying a lot for our products, gas in our cars, and even dining out. Just about everywhere, we are paying more than our share.

The Biden Administration owns this!

Nonetheless, it will be one of many issues at the ballot box regarding voting in November.

"Both CPI and core CPI, which excludes food and energy, were substantially lower than economists’ expectations. The Labor Department reported on Thursday that CPI declined 0.1% in June and rose 3% in the past 12 months. That’s also better than the unchanged rate in May. Economists had forecast a 0.1% rise and a 3.1% year-over-year increase. As you can see in the chart below, this marked the first monthly decline for the CPI since May 2020.

Core CPI, which excludes food and energy, rose 0.1% in June and was up 3.3% over the last year. Expectations were calling for a 0.2% monthly rise and 3.4% yearly increase. (The core rate was actually 0.065%, so it was almost unchanged.)

Digging a little deeper into the numbers, energy prices were up 2% in June, largely due to a 3.8% decline in gas prices. Food prices were up 0.2%. However, the big news was Owners’ Equivalent Rent (OER), or shelter costs, which was only up 0.2% – the smallest monthly increase since 2021."

What is both Trump and Harris planning to do, to curb the high inflation - if either are elected?

https://www.cnn.com/2021/11/13/economy/what-is-inflation-explainer/index.html

 

[1srelluc]

You better be worried about the Trump tax cuts that are set to expire. Do you really want to pay another 4% in taxes?

 

[Justin Richardson]

You better be worried about the Trump tax cuts that are set to expire. Do you really want to pay another 4% in taxes?

I have been reading that electing Trump, will only make the inflation worse....how so?

 

[Freedomisneverfree]

Biden's brain is jello. Time to blame the Whore Kamala for everything now....

 

[Concerned American]

largely due to a 3.8% decline in gas prices.

Like everything released by the gov't under the Biden admin, this ^^^ is a bald faced lie. Fuel prices are up in our area $4+
If Trump took the country back to the policies we were following prior to Biden--at least, fuel prices would trend down.

 

[Justin Richardson]

Like everything released by the gov't under the Biden admin, this ^^^ is a bald faced lie. Fuel prices are up in our area $4+
If Trump took the country back to the policies we were following prior to Biden--at least, fuel prices would trend down.

The past 2 weeks, the gas prices has deflated to about 45 cents. The National average for gas is about $4.25/gal. It was also at the same price when the inflation started. It peaked at $6/gal before going down steadily.

 

[JGalt]

For three and a half years now, we have been paying a lot for our products, gas in our cars, and even dining out. Just about everywhere, we are paying more than our share.

The Biden Administration owns this!

Nonetheless, it will be one of many issues at the ballot box regarding voting in November.

"Both CPI and core CPI, which excludes food and energy, were substantially lower than economists’ expectations. The Labor Department reported on Thursday that CPI declined 0.1% in June and rose 3% in the past 12 months. That’s also better than the unchanged rate in May. Economists had forecast a 0.1% rise and a 3.1% year-over-year increase. As you can see in the chart below, this marked the first monthly decline for the CPI since May 2020.

Core CPI, which excludes food and energy, rose 0.1% in June and was up 3.3% over the last year. Expectations were calling for a 0.2% monthly rise and 3.4% yearly increase. (The core rate was actually 0.065%, so it was almost unchanged.)

Digging a little deeper into the numbers, energy prices were up 2% in June, largely due to a 3.8% decline in gas prices. Food prices were up 0.2%. However, the big news was Owners’ Equivalent Rent (OER), or shelter costs, which was only up 0.2% – the smallest monthly increase since 2021."

What is both Trump and Harris planning to do, to curb the high inflation - if either are elected?

https://www.cnn.com/2021/11/13/economy/what-is-inflation-explainer/index.html

The left always claims the reason prices are so high is because of those "evil price-gouging right-wing Republican conservative corporations."

Except for the fact that back in 2019 when those "evil price-gouging right-wing Republican conservative corporations" had a conservative Republican President and Congress, and had free reign to produce their goods without so much government regulations......


.....everything was much cheaper.

Make no mistake about it: The high inflation, high gas prices, and high prices for everything else is a direct result of the economic policies of Democrats.

 

[Harpy Eagle]

For three and a half years now, we have been paying a lot for our products, gas in our cars, and even dining out. Just about everywhere, we are paying more than our share.

The Biden Administration owns this!

Nonetheless, it will be one of many issues at the ballot box regarding voting in November.

"Both CPI and core CPI, which excludes food and energy, were substantially lower than economists’ expectations. The Labor Department reported on Thursday that CPI declined 0.1% in June and rose 3% in the past 12 months. That’s also better than the unchanged rate in May. Economists had forecast a 0.1% rise and a 3.1% year-over-year increase. As you can see in the chart below, this marked the first monthly decline for the CPI since May 2020.

Core CPI, which excludes food and energy, rose 0.1% in June and was up 3.3% over the last year. Expectations were calling for a 0.2% monthly rise and 3.4% yearly increase. (The core rate was actually 0.065%, so it was almost unchanged.)

Digging a little deeper into the numbers, energy prices were up 2% in June, largely due to a 3.8% decline in gas prices. Food prices were up 0.2%. However, the big news was Owners’ Equivalent Rent (OER), or shelter costs, which was only up 0.2% – the smallest monthly increase since 2021."

What is both Trump and Harris planning to do, to curb the high inflation - if either are elected?

https://www.cnn.com/2021/11/13/economy/what-is-inflation-explainer/index.html

In reality, the POTUS has very little impact on the price of anything.

Mindless partisan drones blame them, but they are just saying what they are programed to say.

 

[Concerned American]

The past 2 weeks, the gas prices has deflated to about 45 cents. The National average for gas is about $4.25/gal. It was also at the same price when the inflation started. It peaked at $6/gal before going down steadily.

I think you need to update your averages. According to AAA, the US average today is $3.50.6. It is much higher on the west coast. That is normal. Prior to Jan 20, 2021, we were paying $2.25. That was the single most significant factor driving inflation. You will never see gas less than $4 a gallon again if the democrats win a majority in either house plus the presidency.

AAA Gas Prices

 

[boevans]

Biden owns fixing Trump's mismanaged Covid effort that helped to ignite and grow inflation.

Biden owns that it is 2.5% now and has a fed rate cut coming this week.

Concerned American will show us he does not understand.

 

[JGalt]

In reality, the POTUS has very little impact on the price of anything.

Mindless partisan drones blame them, but they are just saying what they are programed to say.

That's bullshit, bro. A President's bad economic and energy policies have everything to do with prices.

You will never convince me that the Biden administration had nothing to do with that 9.1% inflation rate and $7.00 per gallon gasoline we saw a couple years ago. That's like saying "A President's immigration policies have nothing to do with the shortage and high cost of housing."

 

[Harpy Eagle]

That's bullshit, bro. A President's bad economic and energy policies have everything to do with prices.

You will never convince me that the Biden administration had nothing to do with that 9.1% inflation rate and $7.00 per gallon gasoline we saw a couple years ago.

Dude, I could never convince you of anything that goes against what your cult has told you.

Riddle me this, did all the money given away during 2020 and early 2021 have any impact at all on the inflation that followed?

 

[JGalt]

Dude, I could never convince you of anything that goes against what your cult has told you.

Riddle me this, did all the money given away during 2020 and early 2021 have any impact at all on the inflation that followed?

Of course it did, government spending is also inflationary.

But thanks for proving that a President does in fact have control over prices, even if it was President Trump.

You can blame him if you want to, but COVID spending was pretty much a necessity.

 

[Concerned American]

That's bullshit, bro. A President's bad economic and energy policies have everything to do with prices.

You will never convince me that the Biden administration had nothing to do with that 9.1% inflation rate and $7.00 per gallon gasoline we saw a couple years ago. That's like saying "A President's immigration policies have nothing to do with the shortage and high cost of housing."

This chart tells the whole story. So easy even Gulping Gator should be able to understand it--but we know he won't, not even as Bitching Buzzard.

US Inflation Rate Monthly Analysis: Consumer Price Index | YCharts

In depth view into US Inflation Rate including historical data from 1914 to 2024, charts and stats.

ycharts.com

 

[Concerned American]

You can blame him if you want to, but COVID spending was pretty much a necessity.

And proposed and driven by a democrat congress.

 

[Harpy Eagle]

And proposed and driven by a democrat congress.

Nope, Trump sent a letter out himself saying the money was from him personally.

And then he fought with the Dem Congress because they were not going to give the people enough money, he fought for more.

 

[Harpy Eagle]

Of course it did, government spending is also inflationary.

But thanks for proving that a President does in fact have control over prices, even if it was President Trump.

You can blame him if you want to, but COVID spending was pretty much a necessity.

If you wish to blame Biden for inflation going up, you also have to give him credit for it going back down...unless you are just a mindless cult member

 

[Winco]

If Trump took the country back to the policies we were following prior to Biden--at least, fuel prices would trend down.

That's complete Bullshit.
What policy was put in place under trump that actually lowered gas prices?

1). Was it his COVID response? That was a good one. Failed Response.
2). Was it more drilling for oil than today......Yea, that never happened.
3). Was it the Keystone XL Pipeline.....Which was not even built....You Actually believe that the Non_Built Keystone XL pipeline had any affect on gas prices?

C'mon Genius......name that trump policy that lowered gas prices.

 

[Concerned American]

If you wish to blame Biden for inflation going up, you also have to give him credit for it going back down...unless you are just a mindless cult member

Gee, he burns a town down and you want to give him credit for building a shanty. SMFH. You're still a moron in spite of the name change.

 

[JGalt]

If you wish to blame Biden for inflation going up, you also have to give him credit for it going back down...unless you are just a mindless cult member

Stop with the "cult" bullshit. You yourself are in the cult "neither candidate", which is counter-productive and has never solved anything. I will never give Joe Biden credit for anything. His economic, energy, domestic, and foreign policies wreaked havoc on this country, the likes of which we haven't even seen the full ramifications.

There is no way you're ever going to convince anyone that we're better off now than we were in 2019.