U.S. inflation is cooling faster than expected, but will consumers feel it?
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- čas přidán 10. 07. 2024
- Consumer prices declined 0.1% in June from May, with inflation curtailed by lower gas prices and a smaller increase in costs at the grocery store. The reading is the lowest since June 2023, when prices also rose at an annual rate of 3%.
Fuel where I'm at went up 19% yesterday. Last months good news short-lived.
thats only one product out of the entire economy. fuel cost is also quite different from other products because a lot of the oil countries basically have a union and they sometimes spike their prices for various reasons. saudi arabia sometimes increases prices to try and get leverage over US presidents or to oust the current administration
How convenient... inflation is "coming down" in an election year 😅
Inflation has been coming down for more than 1 year due Fed increasing rate from 0% to 5.5%. If you pulled your head out of your a** in the past year, you would know that!
its been coming down since 22
@@grimaffiliations3671 he hiked it up in 2022 to 8% and at the highest 9% so that during this election year he could say he made inflation rates "go down". They are still way up. He didn't help the American people. He's playing politics and it's disgusting. If he wins a second term watch the inflation rate sky rocket again.
All lying throughout the report. BOYCOTT BIDEN!
Prices went up & stayed up. Will never come back down
that is what the video says. they went up and now the rate of increase has slowed down considerably. prices have always been going up, inflation is not new it was just very high during the pandemic
The prices are decrease right along with the portion size 😂
Portion size in fuel?😁
Pure propaganda
Some of you are way too stupid for this world lol
you have no actual argument other than biased anecdotal experience which still probably doesnt even contradict the point of the video
Still long way off from 3% stop smiling. Also talk about how high it is over the last three years 22% no smile here at all
The rate of increase is slowing down.
Prices are still rising.
This is not progress.
I need prices to deflate before I stop paying all together.
Prices aren't rising. Try again kiddo
@@theunbearablebullprices went way up and never coming down
prices have always been rising. inflation has been constant for literal hundreds of years, thats just the way the economy works. it got much worse during the pandemic in pretty every country, not just the US, but now is has slowed back down
@@user-md3wm7vu1f right.. I would like that thing going on for hundreds of years to stop.
That's what I said
I just bought granola bars for 2 dollars a dollar each it was 4.43 after tax
doesnt contradict anything in the segment
All women talking this isn’t the view it’s the news
All these women are doing is lying to our faces
People need to be made to understand that until we get deflation which will get the price closer to precovid it will take years for their incomes to catch up to the past 4 years of inflation. Even if it's 2% it is still going up. You must add up every year of inflation to get a true picture of how much the cost of living has gone up. Even at 2% you have to look at it like 2 + 2 + 2 etc. For years we have dealt with the government's debt in each budget year. Congress make claims of reducing the spending but what they're actually doing is reducing the increase of the spending. And as people who are paying off their credit card knows, the only way to reduce that debt is to actually spend less than the previous year. Very deceptive.
its already caught up
The planet’s population is expanding (inflationary).
Technology, AI, and robotics are expanding (inflationary).
Human labor, tasks, and other operations are contracting (deflationary).
Fiat currency supply is expanding (inflationary).
Based on these observations, the current monetary system appears intentionally designed to benefit only a few, while enslaving the rest.
The first 3 are natural. The 4th is the oddball, as it is artificial.
By the way, the inflation doesn’t disappear, they are talking to you like you are naive. Secondly, all inflation reports are inaccurate, as the data is manipulated. After all , a thief who doesn’t wish to get caught must lie. This deceit and manipulation corrupts the entire system.
If you think you pay Joe to keep you safe, think again.
really we need at least 2 more hikes to the interest rate this year just to keep things going the way they are.
pahahaahhah might be the dumbest comment of the day. Congrats little boy
have to very careful with that because it could also trigger a recession
Bull$hit
where is your data then
Gas station, grocery store, interest rates, restaurants, open your eyes
@@highlander7326 you're misunderstanding the video. the point was the rate of inflation is slowing a lot compared to before. the prices havent gone down, but the rate of increase has. thats a good thing. inflation is a global phenomenon effecting almost every country right now, its not just a result of bad policy on the part of the current administration. the US is actually doing a lot better than most other places in terms of the rate of inflation, unemployment numbers, and strength of the dollar internationally (exchange rates)
Nothing will 'reverse' until Trump comes in and unleashes clean American energy and puts the brakes on this green new deal crap
He was already in power in 4 years and nothing changed bud
BOYCOTT BIDEN.
Nope FJB