https://www.foxbusiness.com/economy/retail-sales-cooled-july-white-hot-inflation-weighs-spending HYPERLINK has full article snip Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, was flat at 0% in July, unchanged from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.1%............... The data comes as consumers face the worst inflation spike in a generation: end snip Given that many kids returned to school at the start of August, one would figure that back-to-school sales would have caused an uptick. Hopefully, the Democrat controlled govt doesn't pass a taxpayer looting and then redistribution act..............................oh wait............too late And the downward spiral shall continue Democrat votes have consequences; painful
You assert. Facts? not so much.. And how much of any decrease in inflation is a direct result of the recession we are in?
do you mean that inflation will be at 5% ? Now isn't that great news. What was it prior to full Democrat control? oopppsssie
please don't get dragged into the debate with folks who try the age-old Democrat ploy Raise something by 10%, then drop it to 5% and claim that you reduced the injury by 50% How about not causing the misery in the first place? What was the inflation rate prior to full Democrat control? That is the only counter-point
I'm glad that you believe. When costs to the family have risen by $500- $1,000 per month, they need to pull back. That reduces demand because they are struggling to survive and rice and beans become a staple as opposed to beef. It's a Democrat utopia I tell you. If not, why did you vote Democrat knowing that it tanks the economy?
Inflation is global. The difference here is that the unemployment rate is one of the lowest in the world. So the slowdown will be short. There are more than 11 million job openings by American companies.
Regardless, it's heading in the right direction and quickly under the FED and world economic regulators.
Your data doesn't tell the whole story... Educate yourself. Where is inflation headed? How long will inflation last? | newscentermaine.com
that's what the media and politicians do every time. Increase funding of a program by 10% this year and if you only increase it by 5% next year, it's reported as a 5% decrease of funding.
this right here. Yup. Silly us for caring about the misery being felt by our countrymen. No more mean tweets...............yay
Which would mean it's an increase of 10.5% since he came into office. Biden did that! What's even more funny you're acting as if your 3.5% hopeful PROJECTION would be a good thing. Your issue is you have to go all the way back to May of 2011 to see a number that high before Biden. Sorry the country isn't going to let you lower the bar that much just because he can't figure out if he's already shaken someone's hand or not.
It's not my data, it's the data. Inflation is down, all over the world. Keep hoping the country goes bad so you can maybe have one more conspiracy MAGA in Congress.
This is normal, inflation is directly linked to economic growth. Biden has put policies in place that have resulted in 10% GDP growth in 2021. That's 380% better than Trump's average over his best three years. 380%... The unemployment rate is still at 3.6%. 520,000 jobs were created in July. All forecasts were beaten. American companies have more than 10 million jobs to fill. The economy cannot run at this pace without inflation going through the roof. So it has to slow down so that consumers can take a breather.
