PostmodernProphet
fully immersed in faith..
I had to get them from the government.....it hasn't been respectable for two years.....
USA ~lowest inflation rate in developed world
- Thread starter Cypress
- Start date
I had to get them from the government.....it hasn't been respectable for two years.....
PostmodernProphet
fully immersed in faith..
he was supposed to take office in January, 2021......when did he really start?......and why was he so late?......
T. A. Gardner
Serial Thread Killer
Double the inflation rate of the last administration, same sort of nonsense unemployment numbers, and when you discount jobs regained after the insane Chinese Disease lockdowns, it's more like less than 500,000. A shitty economy, egged on by the shittiest president in modern history...
Trump also lost three million jobs on his watch, while Biden had added 13 million in just two years.
If I had told you on the day that Biden was inaugurated, that two and a half years later unemployment would be 3.7 percent, inflation 4 percent, ~300k jobs routinely being added month after month, you would have been incredulous and in a state of disbelief.
No, it shows that inflation is not isolated to the United States (meaning Biden is not causing it). In fact we are lower than anyone in Europe. Thank you for your brilliant leadership, President Biden. Try that instead of your first grade insults.
So how has Biden impacted either? Be specific.
Stupid premise. That's like saying our shit tastes the best.
June 2023 update
United States has the lowest inflation rate of the major western developed countries
USA 3%
France 4.6%
Germany 6.4%
Britain 8.7%
Italy 6.4%
Canada 3.4%
Japan 3.2%
https://tradingeconomics.com/country-list/inflation-rate-
United States has the lowest inflation rate of the major western developed countries
USA 3%
France 4.6%
Germany 6.4%
Britain 8.7%
Italy 6.4%
Canada 3.4%
Japan 3.2%
https://tradingeconomics.com/country-list/inflation-rate-
serendipity
Verified User
The fall in inflation is mostly due to a drop in energy prices, Underlying or core inflation is far more stubborn and will prove far more difficult to eradicate
The demand destruction as the Revolution hammers the middle class is broad.
serendipity
Verified User
China exports slumped 12.4% in June from a year earlier as global demand weakened
HONG KONG (AP) — China’s exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering.
Customs data released Thursday showed imports slid 6.8% to $214.7 billion. Exports edged up slightly from the month before, totaling $285.3 billion. The trade surplus was $70.6 billion, rising from $65.8 billion in May.
Trade weakness adds to downward pressure on the world’s second-largest economy. Global consumer demand has weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to bring inflation down from near multi-decade highs by reining in business and consumer activity.
https://www.winnipegfreepress.com/b...from-a-year-earlier-as-global-demand-weakened
HONG KONG (AP) — China’s exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering.
Customs data released Thursday showed imports slid 6.8% to $214.7 billion. Exports edged up slightly from the month before, totaling $285.3 billion. The trade surplus was $70.6 billion, rising from $65.8 billion in May.
Trade weakness adds to downward pressure on the world’s second-largest economy. Global consumer demand has weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to bring inflation down from near multi-decade highs by reining in business and consumer activity.
https://www.winnipegfreepress.com/b...from-a-year-earlier-as-global-demand-weakened
And the Disney Parks are empty.
American Families’ Finances Are Approaching The Breaking Point Under The Cumulative Weight Of Months Of Painful Inflation In Biden’s Economy
“[A] growing number of Americans say their own financial circumstances are worsening on Biden’s watch. Roughly 4 in 10 Americans (41 percent) say they are not as well-off financially since Biden became president, up from 35 percent one year ago and the highest percentage to report such a sentiment under any president in Post-ABC polls since measurement began in 1986.” (“Americans Not Feeling Impact Of Biden Agenda, Post-ABC Poll Finds,” The Washington Post, 2/06/2023)
Only 16% of Americans say they are financially better off than they were two years ago when Biden was sworn in. (Washington Post-ABC News Poll, 2/03/2023)
A large majority of Americans (58%) disapprove of President Biden’s handling of the economy. (Washington Post-ABC News Poll, 2/03/2023)
Since President Biden Took Office, Prices For Food, Energy, Transportation, And Housing Have Increased At Staggering Rates
Since President Biden took office, inflation has increased 13.5%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Grocery (food at home) prices have increased 18.6%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Food away from home prices have increased 14.4%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Energy prices have increased 33.9%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for fuel oil have increased 89.3%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Gasoline (all types) prices have increased 37.8%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Natural gas prices have increased 47.3%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Electricity prices have increased 21.0%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Rental prices for a primary residence have increased 11.9%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for used cars and trucks have increased 26.2%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for new vehicles have increased 18.1%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Furniture prices have increased 19.6%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Apparel prices have increased 5.8%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Airline fares have increased 33.7%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Americans Continue Losing More Of Their Paychecks To Inflation, With Year-On-Year Real Average Weekly Earnings Decreasing 3.1%
“Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from December 2021 to December 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period.” (Bureau of Labor Statistics, Press Release, Accessed 1/12/2023)
https://www.republicanleader.senate...n-the-last-two-years-of-failed-biden-policies
“[A] growing number of Americans say their own financial circumstances are worsening on Biden’s watch. Roughly 4 in 10 Americans (41 percent) say they are not as well-off financially since Biden became president, up from 35 percent one year ago and the highest percentage to report such a sentiment under any president in Post-ABC polls since measurement began in 1986.” (“Americans Not Feeling Impact Of Biden Agenda, Post-ABC Poll Finds,” The Washington Post, 2/06/2023)
Only 16% of Americans say they are financially better off than they were two years ago when Biden was sworn in. (Washington Post-ABC News Poll, 2/03/2023)
A large majority of Americans (58%) disapprove of President Biden’s handling of the economy. (Washington Post-ABC News Poll, 2/03/2023)
Since President Biden Took Office, Prices For Food, Energy, Transportation, And Housing Have Increased At Staggering Rates
Since President Biden took office, inflation has increased 13.5%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Grocery (food at home) prices have increased 18.6%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Food away from home prices have increased 14.4%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Energy prices have increased 33.9%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for fuel oil have increased 89.3%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Gasoline (all types) prices have increased 37.8%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Natural gas prices have increased 47.3%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Electricity prices have increased 21.0%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Rental prices for a primary residence have increased 11.9%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for used cars and trucks have increased 26.2%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Prices for new vehicles have increased 18.1%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Furniture prices have increased 19.6%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Apparel prices have increased 5.8%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Airline fares have increased 33.7%. (Bureau of Labor Statistics, Accessed 1/12/2023)
Americans Continue Losing More Of Their Paychecks To Inflation, With Year-On-Year Real Average Weekly Earnings Decreasing 3.1%
“Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from December 2021 to December 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period.” (Bureau of Labor Statistics, Press Release, Accessed 1/12/2023)
https://www.republicanleader.senate...n-the-last-two-years-of-failed-biden-policies
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