Originally posted by: tom
https://www.cnbc.com/2024/05/15/heres-the-inflation-breakdown-for-april-2024-in-one-chart.html.
The attached chart is interesting. The govt says inflation is 3.4%, but almost every item on the list is over that.
61% of the population thinks the economy is in poor shape. Cumulative inflation is approaching 21% and that rate does not factor in mortgage costs that have doubled under the biden gang.
So it's not what you expected? Or is it what you expected? You're the one who wanted BI to wait for the report, I'm just asking is this what you expected to see, based on your belief that the BI was premature on their article.
tom's quote: "The govt says inflation is 3.4%, but almost every item on the list is over that."
The description of the chart says: "These are some of the core categories, plus other items of notable year-over-year price changes"
I think these items are higher because " These are some of the...", not all of the items, that's why the government says it's at 3.4%. It's the same as when every other president has held office over the last half-century. The other reason could be that the Biden administration is using space lasers and mind control to force the U.S. Labor Department to lie. Either one is plausible.