Inflation rises at higher-than-expected rate in February
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- čas přidán 11. 03. 2024
- New economic data shows inflation ticked up last month at a higher-than-expected rate. The Consumer Price Index rose four-tenths of a percent in February with a marked increase in the cost of shelter and gasoline. CBS News contributor Javier David has more.
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but biden told us it is @ 3% lmfao
It did go up from Jan 3.1% to 3.2% in February. They will release the March info in April. Last year February, it was 6.0%. Google is your friend...
THE LEFT.
@Dante______ centrist cope
The number of items in my grocery shopping cart 🛒 gets smaller and smaller. Thanks Joe 👍
That’s not Biden’s fault. It’s corporations being greedy. Republicans don’t want to regulate what corps do so
The number of items in my grocery shopping cart 🛒 gets larger and larger (ramen noodles in order to survive)
At this point, who cares what these analysts say about inflation
Forget about rate cuts anytime soon.
No, they have to have them or the whole house of cards folds. Thus, now they are saying well, the Fed is too data dependent, yeah, data says no June cut.
I hope they don't cut rates. That will pour gasoline on the inflation fire.
We need more money flowing into the economy right now like we need an aneurysm.
Going to the market ir the gas station tells you all you need to know about inflation.
According to the Fed that does not count
If we're stupid enough to keep our economy chained to fossil fuel, that's the price we pay.
About 25% increase in gasoline since it bottomed out 2 months ago.
We continue to depend entirely on a commodity controlled by foreign cartels.
How did we think this was going to work out?
Yeah, I don't think there's any hope left for this country lol. It's over.
I'd leave if I were you.
Well there’s not a surprise.
Companies need to stop being so greedy. They are making insane profits!! And people need to stop spending until inflation gets better.
Mcdonald's double cheeseburger $3.49. Nuf said
I can say for a fact that it was on the dollar menu in 2011. That's like 10% inflation every year - or more like 3% every year up until 2020 and 30% during Biden's presidency.
Nobody needs to be eating that crap.
Biden mentioned "shrinkflation" in his State of the Union. I highly recommend you actually watch the whole thing
4.79 for a double cheese in my town 😅
They can only charge that so long as there are fools willing to pay it. @@Wickedpissah138
hell of a lot higher then that taco bell box went up 20%!!!!! dollar tree another 20% to 50%
Higher than expected for those not paying attention. It's obvious everything is more expensive no matter that biden, nbc, ABC, cnn, nyt, CBS, wapo say it's not
Than expected 😂 who are your economists?
even the homeless guy on the street even knows inflation is around 20% still
Exactly
@@B86432weird that corporate profits rose again too. It’s almost like there is no inflation and just profit gouging. Maybe an executive order on taxing windfall profits and an executive order on profit capping. Since congress is too busy investigating Hunter.
Raise rate. Not that hard to understand.
The Feds should've made rates 10%, it's Housing Housing Housing ... limit private companies from buying single family homes, limit foreign investment - require pay in full than current 25% down 💡💡💡💡💡
They are not including the congestion pricing that will soon hurt everyone even more..
If anybody thinks a change of the guard will magically lower the prices at the market and cause rents to decrease, they're sadly mistaken.
And if you think that giving away free money and forgiving student debt by the billions don't affect inflation, then you're sadly mistaken. Joe Biden: "Yeah, I did that. And I'm also responsible for higher rent because I invited millions of illegals to stay here in the US to make sure there are less homes available for US citizens."
These things are BASIC Econ 101 rules for supply and demand. Democrats can't process these ideas for some reason.
There needs to be a rate increase in June.
This guy sounds like James earl jones
Shocker
home insurance 22% this year after 18% increase last year(in IL) this is what you get when you the government spends insanely
They never tell the whole picture.
"I did that!" -Joe Biden
Harris “Joe, we did it! 🎉” that aged well 😅
BTC and gold hit record highs. As well as stocks and most houses. Is everything really up, or is the USD really just down??
Market growth with Biden 26% market growth w trump 57% inflation with Biden 18% Inflation with trump 1% gas with Biden 4$ gas with trump $1
You can't name a single thing that Trump did or could do to change inflation.
I was going to order 24 pieces wing from local restaurant i have been going over three years . One thr website said 27 . But they raise it to 39 dollars . And there cheese stakes its 20 dollars which use to cost 13 dollars
You people thought we'd get rate cuts this year? Lmao y'all must've believed 81mill voted to elect our current president too
Seek professional help
@@Robadobo talk for yourself you vote to pay 12,000$ extra a year out of hate
@@Robadobo Make better voting choices in the ballot box.
@@Glowie34765 I am a proud Democrat. Contribute to society instead of trying to bury your head in the sand and pretending like Biden isn't the President and that the Hunter Biden case was completely baseless. You're candidate is so out of touch he's losing millions in lawsuits repeatedly just for opening his mouth about an author he's defamed and sexually harrassed.
You should watch something besides Fox and Friends and read any major newspaper or just stick to Reuters and the Associated Press. Too many Maga people are politically lazy and don't read enough(I'm dead serious).
Best, a gun toting, freedom loving Democratic party supporting American
@@Glowie34765 vote for a criminal? No, thanks.
Rich gotta rich, poor gotta poor.
It could easily get 10,000x higher.
No, it really couldn't.
@@kenofken9458 if we continue to make Zimbabwe choices we will certainly get Zimbabwe results.
We are not even in the same galaxy of economic structure or policies as Zimbabwe. Americans have no concept of what hyperinflation means. Our worst annual inflation in decades was 2022 at 8.3%. We have people freaking out because February's inflation was four tenths of one percent. Hyperinflation is defined as 50% or more month over month. Zimbabwe's inflation rate was almost 80 BILLION percent a month at its peak.
Zimbabwe not only is not economically comparable to the United States, it is a stretch to call what they have an economy at all. At the time their inflation took off, the nation's only productive sector that made any hard currency was agriculture, and that collapsed when farms were seized and turned over to revolutionary loyalists who didn't know the first thing about farming.
So the country had essentially zero production or real wealth of any kind and responded to that by printing mountains of paper notes of pretend money with dozens of zeros in the denominations to make it look valuable. It literally was not worth the paper and ink used to create it.
The dollar, for all of the panic, remains the world's most desired reserve currency, by far. It is also strong relative to most of its peer currencies right now.
Today, Zimbabwe's GDP is smaller than that of Vermont. That's right. Vermont with something like 600,000 people generates far more than Zimbabwe does with 16 million.
@@kenofken9458 I wasn't predicting that it will, I was trying to make people aware of the possibility.
REALLLY?? No shi
OVERHAUL EVERYTHING IN LIFE AT THIS POINT
Is it inflation or price gouging?
All of us want raises to keep up with inflation. Why be surprised that businesses want the same?
It’s inflation unless every company is participating in a mass conspiracy.
@wildmouse5888 These companies say the prices are high because of inflation, then turn around and post record profits and / or record stock buybacks. if they want a raise as you put it, they should just say it and not mask it as inflation on top of shrinkflation
bidenomics, you think taxing companies @ 21% will lower prices or raise them? this isnt hard to figure out but its not price gouging
@B86432 bidenomics or right and wrong? GE made 7 billion last year and got a tax return of over 400 million. All I'm saying is that these companies say inflation, profits say different. If inflation was the problem, you would make hier profits
"Four more years". smh
B!denomics in action.
Corporate greed +shrink flatiron=
Bidenomics
@@alk3078 wrong he does not own the markets or refineries Amazon Wal Mart etc
@@carloslino4580 Who the hell said that he did?
@@alk3078 you can of imply that he does not control the greed of corporate America is easy to blame him just saidyng
Kind of imply
🎉🎉🎉🎉🎉
It's not even inflation, it's greedflation
People who own grocery stores are price gouging.
Arbitrary policies that artificially raise energy and labor costs invariably lead to disproportionate inflation. Learned that at a liberal arts university in the 70s. Saw it with Carter.
Between this and Hur's damning testimony, Biden's presidency is over.
But….but….but what about saving democracy from the bad orange man?
No kidding 🫠
Higher than expected for financial pundits, maybe. But it's pretty much in line with what everybody else is observing and with what we expected. If the Fed wasn't run by a money-printing POS it would be raising rates right now.
Fed has been reducing money supply, but Federal budget is running over a billion dollar deficit.
This can't be true, just the other night sleepy Joe told me he had it under control what is going on
I think what people need to remember is that inflation is the rate at which costs go up, not that everything is 3% more than it should be or whatever random information people think without facts.
Inflation is going to occur regardless of whether or not we want to happen.But the rate at which it happens is what is being affected right now. Unless prices come down with deflation, there will always be inflation, just wont rise in cost *as quickly.*
Prices are probably not going to go down unless there is deflation, which might be worse for us if companies are not profiting off their products, but as we've seen, they're seeing records profits!
Inflation is up 18.8 percent since Joe took over
Lol yeah record profits for a 50% surge in personal interest payments
You know who didn't have high inflation? Trump
Inflation Shmaytion! Who cares
maybe if biden would stop giving away all of our tax dollers.. we wouldn't be like this. joe has got to goo broo just leaveeeee
Bidenomics celebration🎉🎉🎉
The whole world is having problems with elevated inflation. The U.S. isn't isolated from the world... globalism. Inflation is trending down and that's a good thing. It's wishful thinking to hope there's suddenly gonna be a sharp drop.
It’s wishful thinking that politicians will save the global debt based fiat currency system. It’s not my opinion it’s history.
well joe is a globalist its amazing how much he can mess up
What you get when you vote for a globalist
Arbitrary government policies that artificially raise energy and labor costs invariably lead to disproportionate inflation. Economics 101.
Isn't bidenomics great 👌
Conservatives: man, I’m really upset that inflation went up 0.4% in the last year
Also conservatives: I’m really enjoying 75% interest returns for the last 52 weeks in my investment fund
Biden’s last year. Bring in Trump 2024.
Trump started the inflation cycle by running the first trillion dollar deficit and bullying the Fed to cut interest rates.
You have president who doesn’t remember his name. So what do you expect? Vote him again and US will have 100% inflation.
Get ready for round two of B!denflation.
Shocker