Longest federal government shutdown meant data was only collected for second half of November
US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch.
The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month.
It comes amid questions over the strength of the US economy. The longest US federal government shutdown in history halted collection of key data. There was no inflation report for October, and data was only collected for the second half of November.
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
They’re falling up, what else could he possibly have meant?
LoL, thank you for ridiculing the ridiculous!!
We are way overdue for wage growth
Trump lied‽
WAAAAAAAAA???
US prices rose 2.7% in the year to November, according to federal data
That seems fairly mild as inflation statistics go. Like, nevermind Trump being full of shit, I was under the impression cost of living was rising much faster.
Given how the BLS operates, I’m forced to ask whether these figures are even accurate.
I wouldn’t be surprised to find that 2.7% number written in sharpie
Food has definitely gone up more than 2.7%. Around me at least.
Some food more than others, certainly. Beef has been skyrocketing, thanks to the combination drought, disease, and heat wave.
I haven’t seen much change on staples like rice and beans, though. We figured out how to produce eggs at scale again. No idea how this plays into inflation statistics, though.
the rises in healthcare, housing, etc aren’t part of the inflation index.
Sure. But that’s a decades-old problem with much deeper roots than the current president.
There’s a bigger gulf between Trump and Romney than Romney and Obama. Ds and Rs have largely been in alignment on housing and health care
Ds and Rs have largely been in alignment on […] health care
Tell me you never read the full plans for Obamacare without using those words.
The full plans didn’t pass the Democrat majority controlled House or Senate.
Max Baucus would be better attributed as the author of a "Obama"care, as it was his version of the bill that made it to a floor vote.
Healthcare is very much a Trump problem, and some have seen doubling of the price in December of the health insurance.
I don’t know how they calculate this, but it seems like the expensive products went up a LOT more than 3% so even if that is the average across products it seems like my actual bill went up a lot more.
Inflation covers everything* but not everything has gone up in price.
- not literally everything but more than the essentials like groceries
Dond Trump told his supporters to reject the evidence of their own eyes and ears. It was his final, most essential command.
If only his supporters could read, they’d be very upset about this comparison.
And the gazelles will slice their own faces off and throw them to the leopards, while bragging about their faceless visages being beautiful.
Trump is a lying asshole, but isn’t inflation of 2-3% pretty normal? His problem is he is lying and saying prices are falling. They won’t fall. Inflation will just drop down to normal levels, as seems to be happening. The question is whether that will be enough and whether wages increase enough to match price rises from normal inflation. Especially of there is an AI crash.
2-3% is normal, but not after periods of high inflation. Generally you would want some period of, at least, low inflation. No inflation would be far better
His claim of falling prices would be deflation, which is an economic condition that spooks most people (personally though, I think fears of short-term deflation are overblown)
Yes, the whole point is that he is telling bold faced lies.
Believe me, we’re aware.
The headline is phrased like his claims would do anything
