Record gas prices drove inflation to 8.6% for the 12 months ending in May, higher than the pace in April, according to the latest Consumer Price Index, the government's basic inflation measure. #CNN #News
‘Tough number to swallow’: Romans breaks down inflation data
This is insane! Do something about it and change these high prices !
@John Broderick That will be an impossibility John,not all Americans are immoral and treasonous .
@Jeiku Anime Review Every administration affects the economy,some more some less,some badly some good.Wars and pandemics exacerbate dramatically the effects on economies.Look at Europe,they are doing worse than us,i hope you don’t blame Biden for that.
@Vale Visa
“They are doing worse”
Lmao no they arent…their inflation is less
@Jeiku Anime Review Yes,inflation is less,but how about that gas price,8 $ a gallon ? Probably Biden has something to do with it.Or maybe Putin ?!!!
Thanks to Jim for pushing back on the Putin line, inflation started going way up before the invasion.
AMERICA FIRST!
Yeah, and just imagine if “they” figured the CPI with all the contributing factors.
Yikes! 😳
Yes sir..
AMERICA FIRST!
White House advisor: The President is focused. 🤣
@Chris Davis He takes a vacation in Delaware every weekend to take long naps though.
@Jesus San Miguel not likely he’ll be around 10 years from now.
Yea, looking at the back of his eyelids.
@Chris Davis had nothing to do with a world wide pandemic though right? Lol, like we’re all that stupid.
AMERICA FIRST!
Way to go Biden voters! You are so smart…
@Morris Watkins I work for big tech and actually make the algorithms / levers used to do it. Its not a reach its a fact. Good luck being programmed like a node.
@Mike Ekim Yeah, and????? What’s your point? Nobody wants to sleep in their car because of horrible liberal policies.
Yeah, but when you tell your boss you can’t come in for the next 1 1/2 years until you get your $70,000.00 EV delivered, you’ll be fine..
just ask economic analysis expert Senator Stabenow.
@Cellar Door What “bike” is supposed to deliver Nancy Pelosi cases of gin and scotch?
Get smarter l
@ Tom Beacher, move away from cities and quit living 100 miles away from work.
@ reaper39, all I heard was fatties gonna sweat
@Cellar Door according to google maps it would take me 11hours to walk to my job
This country is literally falling apart.
It’s so sad. How are the young people going to have a chance?
This is horrible, I’m poor. And I am so horrified when I go shopping.
Everything is at least $10 dollars.
Good beef is over $20 dollars a pound. People are going to seriously.
AMERICA FIRST!
At least sanctions destroyed the Russian Rouble.
@MJB for Trump Trump is a horrible economist. Every business he started filed bankruptcy – its embarassing. OPEC and oil companies are to blame for the high oil prices.
There are two ways to be fooled. One to believe what isn’t true;
The other is to refuse to believe what is true! Let’s go Brandon 🤣
@Chris Davis Don’t believe you on that being the source of the problem…but even if that was part of the case…it wouldn’t happen under Trump and he’d be able to fix it 👍
Fuel prices keep rising. Hell yeah. I hope it reaches $20 per gallon. You get what you vote for libs.🤣😂🤣
When you take into consideration that, in the 80s, it was calculated differently the rate IS the peak and is much, much higher than even 10%
@Potato Hero Why are you shouting could it be you are frustrated at your total lack of facts. “Don’t Let THEM fool you” you have to know that this sounds really paranoid, who are them? Can you see them or do just hear them? O Dear, you really need to get some help, these day there are a lot of medication that may do the job.
Lol ‘inflation’ is a fake issue… never heard anyone running around saying “inflation is the biggest problem in my life” 🤣
But we get what we pay for. Therefore we need a fully democratic government — even if it’s a bit more expensive — that we may get some quality governing done.
If the CPI was calculated now like it was in the late 1970s/1980, the current inflation rate would be over 10%.
ya it would be way higher, I forget the exact number but its closer to 20%
When a Democrat is in office we need to fiddle with the numbers as much as possible to make them look good.
@I like… The formula has been changed several times since 1981, under both Dem and Repub admin’s.
@Abraham blinkennod 15%
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” — John Maynard Keynes
@Jacob Olness Finally, do you know how many people profit in useless businesses from the rise in prices (generally speaking, we’ve talked about the technicalities) in food, gas, etc? Just imagine how many people would lose their jobs and how many businesses would go bankrupt if the FED raised the interest rate so high as to not only have inflation at 0,0 but to have it at minus whatever the productivity rate was in a certain period… probably a good 3rd of the economy would vanish, at least, because it’s literally fake money creating fake businesses and jobs that don’t improve anyone’s life except the lives of the ones profiting from it. That’s how many useless businesses and jobs exist through poor people’s starvation. 👍
Lol ‘inflation’ is a fake issue… never heard anyone running around saying “inflation is the biggest problem in my life” 🤣
But we get what we pay for. Therefore we need a fully democratic government — even if it’s a bit more expensive — that we may get some quality governing done.
@Raul Araujo the Austrian school of economics has long been discredited. The only folks I’m aware of that still support it have very clear agendas that are better supported by the Austrian school, despite it having many very obvious and concrete fallacies that it contains. Might have been somewhat accurate in the 1800s or at a micro scale but wasn’t modeled around economies with this much productive capacity, a globalized economy etc.
Clearly the efficiency of the market doesn’t trump everything, just about any economic recession or depression proves that, deflation is likely in the Austrian school of economics (think inflation is bad? A deflationary spiral is far worse), leaving the market to solve problems with economic downturns doesn’t work (look at the Great Depression vs the Great Depression) and those are just the high points. Austrian economics seems like it would be true in a vacuum and because of that it is appealing because it feels logical and is easy to wrap your head around but in the real world, it’s clearly a failure. Pure Keynesian economics has flaws as well but that’s why most economists consider themselves Neo-Keynesians, to address the shortcomings, economics is far from a science but the scientific method can be used and Austrian school is a disproved hypothesis
@Raul Araujo However, I do not think this discussion is going to be productive. As long as no one puts you in charge of economic policy for a government, your potential to cause harm with your ignorance is pretty minimal. 🍻
@Raul Araujo people ruining their life with credit is largely the result of the free market forces that Austrian adherents are so adamant will solve all issues. Those things could (and should) be addressed through means that actually target the issue, credit itself isn’t the problem, it’s the way credit is allocated in a way designed to set people up for failure.
Brandon so bad that even Jimmy Kimmel had to cut to commercials
“Debt is lower for people compared to before the pandemic”
-This sounds terribly wrong, and it’s so rude of them to dismiss how many ppl are ACTUALLY struggling in real time!!!🤦
JP Morgan in an recent interview said a Hurricane is coming, not a storm…..🤯
As soon as Joe wakes up, he’ll have all this figured out, don’t you worry.
Just as soon as he finishes his warm milk and bedtime story
AMERICA FIRST!
You mean, he will print money again?
This is brutal, my portfolios are downs 100s of thousands, I would never have imagined it to be this bad under Biden, this quickly.
He’s so terrible at being president it’s impressive!
@stachowi cash? Lol it’s practically worthless or soon will be.
@Cellar Door 60% of Americans have exposure to the stock market thru 401k’s or IRA’s
@Cellar Door so you don’t work full time and have a 401k?
She just said “this doesn’t sound much like a plan” and then proceeded to tell us the plan. That is epic
AMERICA FIRST!
I’m a Democrat and I think we need a log cabin Republicans style party branch.
This doublespeak and nonsense has gone way too far.
At least with Trump it was usally funny.
Basic things, not including gas, are closer to 25% to 35% higher than a year ago. The best, and easiest, example of this is the Dollar Tree is now $1.25.
exactly. it really ticks me off when i hear 8 percent. almost everything i buy went up 25 to 150 percent.
I love how they figure inflation while cutting out food and fuel prices because those are some of the most needed things to people.
ITS MORBIN TIME
Yeah but the price of a television is down, like we buy one of those every f@#$n week
The FED has lost it and the sad fact is, it’s pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can’t afford to feed their families, things might get ugly
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1 Jessica Smith Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
inflation is calculated using the current CPI model. I am pretty sure that if you used one of the older models from the 90’s then inflation is probably well above 10%
@Linda Nemirow how can reach her? I hope you don’t mind sharing her details.
@Nathan Torngee She has a lot to offer, look her up on the web and mail her through her webpage.
15% according to John Williams at shadow stats. He uses the same method as was officially used in the 80’s
1 Anthony Foden Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
Lol ‘inflation’ is a fake issue… never heard anyone running around saying “inflation is the biggest problem in my life” 🤣
But we get what we pay for. Therefore we need a fully democratic government — even if it’s a bit more expensive — that we may get some quality governing done.