Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Media lapdogs' insane spin on new inflation numbers is an outright slap in the faces of struggling Americans

Added 08-10-22 10:30:13am EST - “"This is why media's reputation hovers right above used toilet paper."” - Twitchy.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Twitchy.com: “Media lapdogs' insane spin on new inflation numbers is an outright slap in the faces of struggling Americans”. Below is an excerpt from the article.

The new inflation numbers are out, and if you haven’t seen them already, you’ll be relieved to know how good they are:

Consumer inflation in July cools to *just* 8.5% down from 9.1% in June. Wages are growing at 5.2% so those gains wiped out by inflation. Real wages declining. Energy prices still up 32.9% in the last year. Fuel oil +75.6%. Gasoline all types +44%.

Price increases over last year (CPI report)…Fuel Oil: +75.6%Gasoline: +44.0%Gas Utilities: +30.5%Electricity: +15.2%Food at home: +13.1%New Cars: +10.4%Transportation: +9.2%Overall CPI: +8.5%Food away from home: 7.6%Used Cars: +6.6%Shelter: +5.7%Medical Care: +5.1%

Shelter is the single biggest component of CPI (33% of the Index) and is still being wildly understated (@ +5.7% YoY) with rents up 12.4% over the last year and home prices up 19.7%. Which means that the true inflation rate is much higher than 8.5%. pic.twitter.com/xCRJRjFgb4

Maybe we’re just missing the right perspective. We’re looking at the numbers from a conservative perspective, but liberals have a much rosier read on the situation.

Read more...



























































If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE