Your right wing tik tok news sources won't tell you that but wages have outpaced inflation.
And anyway, find a new thing to whine about. Grocery prices have been falling all year.
Falling prices at the grocery store are gaining momentum as May marked the fourth month in a row with a lower food-at-home index as measured by the Labor Department. Grocery prices appear to have hit their peak in the current inflation cycle and are now deflating, dropping since January. The price of flour dropped 1.7 percent in May, rice and pasta fell by 1.6 percent, beef roasts dropped 2.6 percent and eggs dropped 0.4 percent. The price of select condiments fell by as much as 6 percent.
Inflation exceeded wage growth from April of 2021 through January of 2023.
Wage growth exceeded inflation for the past year or so but wages are declining while inflation is sitting steady.
Everyone is still paying more for less in July 2024.
Are you saying that Biden's decisions in the 2.25 months between 1/20/2021 and 4/1/2021, are what caused that initial spike in inflation? Here's a list of everything he did in the first 100 days. If you could point me to the item or items that caused that spike, that would be great, thanks.
President Joe Biden has signed a flurry of executive actions in his first 100 days in office, primarily aimed at rapidly addressing the coronavirus pandemic and dismantling many of former President Donald Trump's policies. Se...
I'm confident that even a trumpist can look at this chart and see how inflation c.doubled in the second half of 2020, when trump was president. When Biden took over in Feb 2021 the inflation spike started under Trump merely continued. As it did IN EVERY MAJOR COUNTRY ON EARTH. BECAUSE OF COVID, not Joe Biden.
inflation was up 50% in the last 6 months of spanky's term and was climbing straight up a wall. That's what Joe inherited. Joe inherited an inflation spike that was coming no matter what the Dems did or didn't do.
Look along the X axis and ask yourself when the inflation spike started. The only true answer is mid 2020.
Agip needs to address this and only this: He said inflation doubled in the last 6 months of Trump's tenure. A big lie. Agip - apologize and we can forgive you. We still love you!
Why is Agip lying again? Inflation "started surging in the Trump administration?' Agip, inflation never surged during the Trump presidency. Please stop with the lies. It was never 3% under Trump. When Trump left office inflation was at 1.4% and Biden took it up over 9%. The only time inflation "surged" was under Biden and it "surged" dramatically under him.
ok for the 3rd time
look along the X axis. You'll see inflation going up 50% in the second half of 2020 into Feb 2021 when Joe got the WH. That's the start of the inflation spike that Joe inherited.
Rs ALWAYS leave the economy in a smoking ruin. Dems ALWAYS have to fix it. This is the way.
The rate of inflation overtook the growth of wages in April 2021. High rates of inflation means that consumers are seeing a decrease in purchasing power
Why is Agip lying again? Inflation "started surging in the Trump administration?' Agip, inflation never surged during the Trump presidency. Please stop with the lies. It was never 3% under Trump. When Trump left office inflation was at 1.4% and Biden took it up over 9%. The only time inflation "surged" was under Biden and it "surged" dramatically under him.
I'll ask you the same question. By April of 2021, a little more than 2 months into Biden's term, inflation spiked to above 4.5%. Which one of Joe's actions (list below) caused that spike? Surely, you can point to the cause, I'll wait.
President Joe Biden has signed a flurry of executive actions in his first 100 days in office, primarily aimed at rapidly addressing the coronavirus pandemic and dismantling many of former President Donald Trump's policies. Se...
I have said that Biden wins unless he is dead or infirmed. Biden is clearly now infirmed (Reality Czech says that's not true, so clearly not me). Now, that doesn't mean Biden WON'T win, but it isn't a guarantee anymore.
Biden in a coma is better than Trump. I would vote for a bag of hammers over Trump, and all sane people feel the same way.
I have said that Biden wins unless he is dead or infirmed. Biden is clearly now infirmed (Reality Czech says that's not true, so clearly not me). Now, that doesn't mean Biden WON'T win, but it isn't a guarantee anymore.
Biden in a coma is better than Trump. I would vote for a bag of hammers over Trump, and all sane people feel the same way.
Oh man, I forgot to do this (maybe I am infirmed):
WEJO, DO AN IP CHECK, AND IF I AM THE SAME POSTER AS REALITY CZECH, BAN ME FOR LIFE!!!!!!!!!!!
I have said that Biden wins unless he is dead or infirmed. Biden is clearly now infirmed (Reality Czech says that's not true, so clearly not me). Now, that doesn't mean Biden WON'T win, but it isn't a guarantee anymore.
Biden in a coma is better than Trump. I would vote for a bag of hammers over Trump, and all sane people feel the same way.
How dumb do you have to be to just realize now that Biden is infirmed?
inflation was up 50% in the last 6 months of spanky's term and was climbing straight up a wall. That's what Joe inherited. Joe inherited an inflation spike that was coming no matter what the Dems did or didn't do.
Look along the X axis and ask yourself when the inflation spike started. The only true answer is mid 2020.
President Biden is considering whether he should continue on as the Democratic presidential nominee following his disastrous debate performance, The New York Times reported.
on wages....ok I'll modify by saying the data are weird. I'm sure the weird blip in this graph in Q4 and then down in Q1 is wrong. Smooth that out and I suspect real wages are rising. But it's close to matching inflation and not beating it at the present time, I'll agree. but we don't have Q2 data yet of course - all this is stale data.
Kamala Harris delegate Areva Martin said they are going to blow up the Democrat Party if they choose a white man that isn't Joe Biden as the party's nominee.
Why is Agip lying again? Inflation "started surging in the Trump administration?' Agip, inflation never surged during the Trump presidency. Please stop with the lies. It was never 3% under Trump. When Trump left office inflation was at 1.4% and Biden took it up over 9%. The only time inflation "surged" was under Biden and it "surged" dramatically under him.
You never answered. Which Biden policy caused the initial inflation spike from January 2021 to April 2021?
A new national poll indicates that 75% of voters say the Democratic Party would have a better chance of keeping the White House with someone else other than President Biden at the top of the ticket.
Let's keep it to historical inflation rates. Okay?
huh? Core PCE is what the Fed uses to determine the inflation rate.
you want another chart? Look at this one. inflation going straight up a wall, starting in the trump administration and merely carrying over into the biden admin.
this is the only way to look at this issue. the inflation started under trump and was because of covid.
Median PCE inflation is a measure of inflation computed by the Federal Reserve Bank of Cleveland. It ranks the components of PCE inflation and picks the one in the middle. Its construction makes it less sensitive to short-liv...
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