Is it up or down? Down. Because if it were up we’d never hear the end of it.
It’s down ever so slightly from the surge of inflation we’ve been going through since Trump took office. Go back and look at the NYT graph you cited. See that giant downward slope from 9% to 3%? That wasn’t your boy. See that bounce back upwards? That was.
Cpi will continue down because of the lag in housing data. Rents have been flat or down for two years. They are about to shoot up again due to the dearth of new rental supply caused by the rise in interest rates.....but the cpi calc won't capture that for another year or so. Oil being down affects a lot of the cpi as well.
So your point is that inflation went from 1.9% to over 10% from 2021-2023.....and then flattened around 3%? And in the month since Trump took office it remained at 3%?
So this is the argument:
Dems ignore what they do to destroy the country and then when the smallest indicator suggests any turmoil in the economy they repeat their talking points for years ad nauseam.
Ok, so inflation is compouinded, correct? So, the 9%+ we were paying under Biden still exists below the 2.8% from February. yes.
You're simply wrong here. How are you measuring inflation numbers since Trump took office? There is no honest assessment that claims, "inflation rose significantly". This is literally from his first full month:
Go back even further to Trump’s last day in office his first term. What was it 1.9% before the explosion??
when did inflation go up under Trump? CPI is at its' lowest year over year level since 2022
Pretty sure he has his paddle raised with the message - “I’m not talking”
This argument isn’t going to end well for you. No one said best president ever. All of you have predicted inflation will go crazy under Trump. Well. That just isn’t true so far. Do you buy groceries? Do you pay a power bill? Just these two things. Go back and tell me what you were paying on 1-20-2021. And tell me what you were paying a month ago. I can tell you how much it has changed in my household. This is just two things that changed. Quite frankly I think the numbers quantifying inflation under Biden are no where close to right. Weeks worth of cooking and groceries for my home was 350 dollars in 21. Now it is 600. I do a flat bill for ga power. It is up 50 percent or more.
I may be wrong but I thought the inflation for the 4th quarter of 2024 was adjusted up from the 2.2% to 4.2%? I will have to confirm that but certainly the record deficit spending and trade deficits in 2024 had no effect on our current situation.
There is no doubt the way they measure CPI, specifically OER....is ridiculously archaic, especially when we have access to truly real-time data on rents with zillow, property management companies publishing rents online, redfin, etc.....multifamily REIT reporting, etc.
Our lovable lefties will disappear for a while.
But what about Pharmdawg08 and Harrydawg?
What did your "Boy" do....20% ++ In his 4 years. Groceries I buy went up 20-50% and packaging size shrunk 15-25% Facts.....
The CPI is just a tool/measure. The better measure is “real wages”. Trump excelled there for 4 years.
He's still waiting on the latest polling data from that Guru woman from Iowa to place his bets....oh wait...she retired after Nov.5thBut what about Pharmdawg08 and Harrydawg?
They will reply that this is a function of the oil market pricing in a recession. There may be a tiny element of higher recession risk priced into oil.....as that dynamic has affected the bond and equity markets, but the truth is that this fall in oil was happening even when the market was ripping on Trump's de-regulatory and lower tax outlook.
Good thing Biden had inflation under control like so many here what to think.
He's repeating the success of his first term, and he's doing it faster than I thought would happen. Just enjoy some good news for a change and thank G-d you were born here.
Would you rather have had Queen WordSalad? I’m not a Trump fan, but I can tell which boat I’d rather be in.
Nothing went “back down”. Maybe it stopped increasing at such an excessive rate.
This statement is hilarious coming from a DEM…even though you say your not
You know, for a bunch of people bitching about the economy and the direction of this country, y’all sure do a lot of not working.
The announcement of January cpi? 11 days in office? In a month when companies traditionally bump their prices?
So he can solve the Middle East before he takes office, but not the economy. Got it.
That was for January numbers, sir. This is an exceptionally weak argument, especially given the February numbers.
“Not working”??….. I can multitask & not worry about anyone looking over me.
