It seems the Bureau of Labor Statistics has been busy lately revising a key economic data in a fashion unfavorable to the current administration. Consumer Price Index was adjusted upwards in December while employment numbers can be expected to be adjusted downward in coming weeks. Analysis
12 Comments on Government “Readjusts” Inflation Upwards
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How high do they expect it to go? Infinity?
Kinda funny, but math isn’t “adjustable.”
Only lies and other assorted bullshit are “adjustable.”
This is kindred to the “Debt Ceiling” bullshit – if it can be raised, it isn’t a ceiling – it’s just another lie.
mortem tyrannis
izlamo delenda est …
Proving that in 1947 (I was young then!) a CONSERVATIVE, union president, Democrat was right when he said,
” …. THE GOVERNMENT IS THE PROBLEM!”!$%^&
76 years later THE GOVERNMENT STILL IS THE PROBLEM!
Disclaimer
I am conservative, I voted Ronny 9 times. Bias admitted.God bless America and damn illegal aliens!
All those surprised at the government adjusting the numbers raise their hands. I don’t see very many raised hands … okay, Joe Biden, put your hand down.
Anyone that believes inflation is 6.4% obviously voluntarily vaxxed as well.
No point is recalling how much eggs or OJ were last year. I know it’s almost impossible to get out of the store with out dropping a hundred on a small bag of basic goods.
I never needed more the $45-50 to fill my truck and now? That gets it half full if I hit Costco.
A $3 1×4 was $8 yesterday. A couple sheets of siding, a handful of 1x2s, 3 1x4s and some glue was over $200. Thank Heavens our house is paid for and we qualify for senior property tax rates. People renting are really getting hammered.
The bitch is it’s fucking self induced. DJT’s energy & economic policies had inflation under 1% and gas was $1.87 in AR. Throw in another endless war, all time trade deficits and tax increases.
And change? By voting? HAHAHA Them days are gone kids. TPTB are working 24/7 to keep DJT from running and even if he does thread his way to the nomination, please nigga, he’ll get the 2020 treatment all over. Ask Kari Lake.
Only a fool believes what our systemically corrupted government says.
Aside from all the good statistics that MMinWA above layed out. As a layperson, just watch prices at the grocery and box stores, including electronics, corn, and especially consumer staples, it’s easy to follow. Gas prices and home heating are less likely to follow inflation, but be volatile for other reasons.
Inflation, run-away costs, tax increases and property taxes far surpases the increase in the social security last month.
Biden’s gonna find his 10% ain’t gonna buy what it used to. He’ll have to renegotiate with China and Ukraine to make sure Biden Crime, Inc. stays solvent.
FJB
This is a recurring theme. The government (especially under Democrat administrations) announces some figure and brags about it then after an appropriate amount of times says “Ooopsies, what we MEANT to say was….”
If they keep you broke and stationary you’re much easier to control. And if you still have purchasing power after all of this well then your ass is obviously not paying your fair share in taxes.
On a personal observation, dog food went ballistic about a year ago. It’s now cheaper to purchase the designer dog food. However cat food never changed. Until this week. It jumped a good 50% all at once.
Discretionary spending is gone for most people. It wont be long before companies like Harley Davidson are in deep shit.
2 litre Woke Coke products were “on sale” yesterday for $3.49 at Harris Teeter in Durham NC yesterday. A 12 pk of cans was $10!!! for COKE!!! I’d hate to see what a 12 pack of Bud is now.
Not to mention I ended up owing $2300 Federal this year on top of the 20% they snatched off the top of every paycheck during the year!