The country’s 3.2% annual inflation rate – based on the Labor Department’s consumer price index – masks notable differences among the states since pandemic-related product and labor shortages sparked a run-up in consumer prices starting in 2021. On Wednesday, Labor is expected to report that yearly inflation jumped to 3.4%, though that’s still down from a 40-year high of 9.1% in June 2022.
Florida is saddled with the nation’s highest inflation at about 4% while Pennsylvania has the lowest at about 1.8%, according to an analysis of index data by Moody’s Analytics that’s based on a three-month moving average. Although BLS doesn’t conduct surveys on state inflation numbers, it does publish metro area and regional data that Moody’s used to roughly estimate the state figures.
What places have the lowest inflation?
For eight northeastern states, yearly price gains are already below 2.5% and for about a quarter of the U.S., they’re under 2.7%, according to Moody’s analysis.
“A big part of the country already has worked its way back to (prices) people would be very comfortable with,” says Mark Zandi, chief economist of Moody’s Analytics. …" — USA Today
Denial isn’t going to work folks. If you buy your own groceries, drive your own car, or eat out, you know exactly the inflation issue. Inflation may be coming down, for now, but the accumulated increase in prices since he walked in the White House doors is shocking and is sitting on Biden’s shoulders.
Maybe in Congress hadn’t given all those tax cuts to corporations and the top 1% that ended up dumping cash into the economy, we wouldn’t have the inflation we have now. The GOP owns the cause of this problem. At least monetary policy under the Biden administration has brought it back down to a responsible level.
Someone forgot inflation has air that keeps it afloat; normal right wing misdirection, biggest inflation in this country is tRump’s ego and stupidity there floating someplace in the ionosphere
As of today, “The latest inflation figures were released on Wednesday, and if homebuyers were hoping for a positive development, they’re going to need to wait a bit longer.”
Inflation is up. Not from NewsMax. Not from Fox News. From CBS News.
Oddly, not only is inflation low relative to the past few years, the Fed announced today that they see it falling to 2% despite recent bumps. This reality is what makes the “Fake News” rhetoric so necessary to the conservatives.
Yes, inflation is slowing, though at 3.5 instead of the projected 3.4. As we saw after Republican Administrations in the 1960s and 1980s, their recessions bring inflation that never goes back, and is only brought under control by the Democrats.
I can see it now. The republican strategists saying “keep pushing inflation and crime. Just ignore it when others point out that both have significantly decreased”
I’m sure Al hopes the effect of a rise in inflation will be the total demise of Biden. But, inflation was already a problem and Joe was rising in the polls, as I knew he would when he started campaigning. And, Biden is just getting started campaigning so the inflation effects will not be as da-ning as Al, et al, would like to believe.
As inflation continues to mostly remain just above the 2% Fed target (there are reasons why a lower rate of inflation is undesirable, backed by a plethora of historical evidence, which are readily available to anyone with a device capable of internet connectivity, or with access to a library), with occasional lessening but no significant rise for over the past year, the 6%+ reduction in the rate since its Covid high is ample testimony to the Biden administration’s extremely successful inflation amelioration policy.
The percentage of Americans who continue to remain duped about the inflation issue has been dropping (too slowly, to be sure) for months. But unless there is a significant and long-lasting spike between now and Election Day this year, chances are that inflation is going to drop far down on the list of voters concerns by then, and that the percentage who still regard inflation as a Biden failure instead of a Biden success is going to reduce significantly.
Most ships have more than one anchor. There is speculation that the Dems will be tossing Joe overboard mid-May. (Clay Travis and Bud Sexton Show). Someone noticed Gavin Newsome ordered a full-case of Brylcreem from Amazon and Joe’s gold watch is at the jeweler’s for engraving.
Once again: MAGAts have NO concept of market concentration. They do not believe it exists and even if it does, it has NO effect on inflation. They believe inflation is caused solely by “Biden’s policies”, which they cannot identify.
It is just one more “issue” for MAGAts to weaponize and LIE about.
You’ll notice that MAGAts like Goodwyn no longer mention The Economy as an issue. They can no longer weaponize and LIE about The Economy, so it disappeared from the entire right wing media structure.
Inflation is way down. Keep beating the dead horse. I suppose AL hopes that shi**y pants gets back in so he can give the billionaires yet another huge PERMANENT tax break. That way he will finish destroying the country. He just got started in his first pathetic term.
I’m morbidly curious to see if the do-nothing MAGA-run Congress will vote to fund the rebuilding of the Baltimore bridge, which has an impact on the nation’s supply-chain and coruscating effect on the economy. My guess is they’ll do whatever it takes to harm the economy and, of course, blame “Biden” for it.
They really like talking about inflation considering it started under the trump administration with his trade war with China and his disastrous policies during the trump virus pandemic.
When President Trump left office the inflation rate was at a healthy 1.4%. When Biden took office the inflation rate steadily increased until it peaked last June at over 9%. Currently it’s at 3.48%. Problem is that prices across all boards skyrocketed and although the rate dropped we have not seen a corresponding decrease in prices because there is no confidence in the Biden Administration and they are actually taking actions to make matters worse. The only way this will turn around is to Re-elect President Trump and vote Republican at all levels.
Inflation we can eventually beat (and so far, it is down from 9% to less than 4%) BUT LOSS OF DEMOCRACY ? REESTABLISHING DEMOCRACY COULD TAKE GENERATIONS! Vote Biden Harris Democrats!
Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.
The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody’s Analytics chief economist Mark Zandi shared with FOX Business.
Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.
The analysis suggests that while inflation has fallen from the highs of mid-2022, many families have yet to see material relief.
Propaganda! The USA has substantially less inflation than most other Countries despite TFG’s disastrous results combating Covid. If you elect Mango Mussolini and he emulates autocrats like Erdogan in Turkey with 67% inflation, that will mean no more elections because even MAGAT’s will realize they were conned.
Patjade about 1 month ago
Must be the RW meme of the day, since they have nothing else.
GOGOPOWERANGERS about 1 month ago
Inflation i hardly knew him
superposition about 1 month ago
“… The five states with the fastest inflation:
Florida. 12-month inflation: 3.9% …
Tennessee. 12-month inflation: 3.8% …
Virginia. 12-month inflation: 3.8% …
Alabama. 12-month inflation: 3.6% …
Pennsylvania. 12-month inflation: 1.8% …
The country’s 3.2% annual inflation rate – based on the Labor Department’s consumer price index – masks notable differences among the states since pandemic-related product and labor shortages sparked a run-up in consumer prices starting in 2021. On Wednesday, Labor is expected to report that yearly inflation jumped to 3.4%, though that’s still down from a 40-year high of 9.1% in June 2022.
Florida is saddled with the nation’s highest inflation at about 4% while Pennsylvania has the lowest at about 1.8%, according to an analysis of index data by Moody’s Analytics that’s based on a three-month moving average. Although BLS doesn’t conduct surveys on state inflation numbers, it does publish metro area and regional data that Moody’s used to roughly estimate the state figures.
What places have the lowest inflation?
For eight northeastern states, yearly price gains are already below 2.5% and for about a quarter of the U.S., they’re under 2.7%, according to Moody’s analysis.
“A big part of the country already has worked its way back to (prices) people would be very comfortable with,” says Mark Zandi, chief economist of Moody’s Analytics. …" — USA Today
Johncom about 1 month ago
Denial isn’t going to work folks. If you buy your own groceries, drive your own car, or eat out, you know exactly the inflation issue. Inflation may be coming down, for now, but the accumulated increase in prices since he walked in the White House doors is shocking and is sitting on Biden’s shoulders.
baroden Premium Member about 1 month ago
Maybe in Congress hadn’t given all those tax cuts to corporations and the top 1% that ended up dumping cash into the economy, we wouldn’t have the inflation we have now. The GOP owns the cause of this problem. At least monetary policy under the Biden administration has brought it back down to a responsible level.
Ivan the Terrible about 1 month ago
The trans-idiots are out today. That should be enough to sink Biden, Patjade.
Valiant1943 Premium Member about 1 month ago
It’s just big business ripping off the consumers.
Grandma Lea about 1 month ago
Someone forgot inflation has air that keeps it afloat; normal right wing misdirection, biggest inflation in this country is tRump’s ego and stupidity there floating someplace in the ionosphere
s49nav about 1 month ago
As of today, “The latest inflation figures were released on Wednesday, and if homebuyers were hoping for a positive development, they’re going to need to wait a bit longer.”
Inflation is up. Not from NewsMax. Not from Fox News. From CBS News.
Henwood about 1 month ago
^^^@Terrible Ivan: WTF is a trans-idiot? I do notice the trolls are out here.
Ontman about 1 month ago
Goodwyn being Goodwyn….Payne stupid.
davidthoms1 about 1 month ago
Did Goodwyn fail to notice that the current rate of inflation is just under 3%? Apparently so!
DrDon1 about 1 month ago
Goodwyn and ‘fellow travelers’ keep ignoring Price Gouging by American corporations!
rmike7842 about 1 month ago
Oddly, not only is inflation low relative to the past few years, the Fed announced today that they see it falling to 2% despite recent bumps. This reality is what makes the “Fake News” rhetoric so necessary to the conservatives.
ncorgbl about 1 month ago
Yes, inflation is slowing, though at 3.5 instead of the projected 3.4. As we saw after Republican Administrations in the 1960s and 1980s, their recessions bring inflation that never goes back, and is only brought under control by the Democrats.
piper_gilbert about 1 month ago
Reproductive rights, and voting for democracy over fascism will determine this election.
Union Man about 1 month ago
Sorry Goody, Biden will still win in 2024.
Aliquid about 1 month ago
The entire western world is dealing with inflation… America would be dealing with right now it no matter who was president.
How about focusing on things you can actually blame on him.
ChristopherBurns about 1 month ago
I can see it now. The republican strategists saying “keep pushing inflation and crime. Just ignore it when others point out that both have significantly decreased”
preacherman about 1 month ago
I’m sure Al hopes the effect of a rise in inflation will be the total demise of Biden. But, inflation was already a problem and Joe was rising in the polls, as I knew he would when he started campaigning. And, Biden is just getting started campaigning so the inflation effects will not be as da-ning as Al, et al, would like to believe.
lsnrchrd.1 Premium Member about 1 month ago
As inflation continues to mostly remain just above the 2% Fed target (there are reasons why a lower rate of inflation is undesirable, backed by a plethora of historical evidence, which are readily available to anyone with a device capable of internet connectivity, or with access to a library), with occasional lessening but no significant rise for over the past year, the 6%+ reduction in the rate since its Covid high is ample testimony to the Biden administration’s extremely successful inflation amelioration policy.
The percentage of Americans who continue to remain duped about the inflation issue has been dropping (too slowly, to be sure) for months. But unless there is a significant and long-lasting spike between now and Election Day this year, chances are that inflation is going to drop far down on the list of voters concerns by then, and that the percentage who still regard inflation as a Biden failure instead of a Biden success is going to reduce significantly.
Al Fresco about 1 month ago
Most ships have more than one anchor. There is speculation that the Dems will be tossing Joe overboard mid-May. (Clay Travis and Bud Sexton Show). Someone noticed Gavin Newsome ordered a full-case of Brylcreem from Amazon and Joe’s gold watch is at the jeweler’s for engraving.
Radish the wordsmith about 1 month ago
So you are saying inflation is going down fast?
braindead Premium Member about 1 month ago
Once again: MAGAts have NO concept of market concentration. They do not believe it exists and even if it does, it has NO effect on inflation. They believe inflation is caused solely by “Biden’s policies”, which they cannot identify.
It is just one more “issue” for MAGAts to weaponize and LIE about.
braindead Premium Member about 1 month ago
You’ll notice that MAGAts like Goodwyn no longer mention The Economy as an issue. They can no longer weaponize and LIE about The Economy, so it disappeared from the entire right wing media structure.
cracker65 about 1 month ago
Inflation is way down. Keep beating the dead horse. I suppose AL hopes that shi**y pants gets back in so he can give the billionaires yet another huge PERMANENT tax break. That way he will finish destroying the country. He just got started in his first pathetic term.
librarylady59 about 1 month ago
Would rather have inflation WITH democracy than inflation WITHOUT democracy.
Nantucket Premium Member about 1 month ago
Inflation is down. Al should be embarrassed. The only question is if he is that uninformed or if he is just a flat-out liar.
Zuhl's Wife about 1 month ago
And the MAGAs and their pandering shills are still praying for, and doing everything they can to cause, economic chaos.
Jack7528 about 1 month ago
Biden’s poll numbers have a flotation device?
Rich Douglas about 1 month ago
Inflation is at a normal level, while real (adjusted for inflation) are rising.
Zuhl's Wife about 1 month ago
I’m morbidly curious to see if the do-nothing MAGA-run Congress will vote to fund the rebuilding of the Baltimore bridge, which has an impact on the nation’s supply-chain and coruscating effect on the economy. My guess is they’ll do whatever it takes to harm the economy and, of course, blame “Biden” for it.
Joe1962 Premium Member about 1 month ago
You can not spend 6 trillion and dump it in economy the way that the Dems did in Biden did in is first 2 years and expect no inflation.
think it through about 1 month ago
They really like talking about inflation considering it started under the trump administration with his trade war with China and his disastrous policies during the trump virus pandemic.
Zykoic about 1 month ago
We are retirees. Inflation is killing us. I may have to forge a student loan or pose as a Ukrainian arms dealer to get some relief money……
sterref05 about 1 month ago
Boy, that image can’t be any more true.
djtenltd about 1 month ago
People always want to bash Joe about the economy when he incurred the inflation problem from former Dingleberry #1!
zendog13la about 1 month ago
How to tell me you haven’t paid attention to recent economic news without saying those words…
Kracklin Rosie - “Tolo Dan Nan Galad” Premium Member about 1 month ago
When President Trump left office the inflation rate was at a healthy 1.4%. When Biden took office the inflation rate steadily increased until it peaked last June at over 9%. Currently it’s at 3.48%. Problem is that prices across all boards skyrocketed and although the rate dropped we have not seen a corresponding decrease in prices because there is no confidence in the Biden Administration and they are actually taking actions to make matters worse. The only way this will turn around is to Re-elect President Trump and vote Republican at all levels.
vwmdabbler75 about 1 month ago
Inflation we can eventually beat (and so far, it is down from 9% to less than 4%) BUT LOSS OF DEMOCRACY ? REESTABLISHING DEMOCRACY COULD TAKE GENERATIONS! Vote Biden Harris Democrats!
Ivan the Terrible 30 days ago
I hope you’re right, Al, but don’t underestimate the cunning and trickery of the TDS inmates.
winowino Premium Member 29 days ago
Where is Al? It’s been a long time without new content – too long. Al, are you well? ❤️
Benaiah67 29 days ago
Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.
The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody’s Analytics chief economist Mark Zandi shared with FOX Business.
Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.
The analysis suggests that while inflation has fallen from the highs of mid-2022, many families have yet to see material relief.
Ivan the Terrible 29 days ago
Oh, Patjade, you silly little trans mutant. Not all truth is a meme.
Fklimko 27 days ago
April 18th mortgage rates are:
30 year fixed 7.9%20 year fixed 7.1%ARM 8.19%
Woodstock Generation Premium Member 27 days ago
Propaganda! The USA has substantially less inflation than most other Countries despite TFG’s disastrous results combating Covid. If you elect Mango Mussolini and he emulates autocrats like Erdogan in Turkey with 67% inflation, that will mean no more elections because even MAGAT’s will realize they were conned.
Ivan the Terrible 25 days ago
27/41 not a bad score!
winowino Premium Member 25 days ago
Yet, I persist – WHERE’S AL?