Part of El-Sayed Michigan Gubernatorial Campaign · 4 stories · since Oct 2 · newest 2h ago
US inflation accelerates to 3.7% as wholesale prices hit 2022 highs before midtermsNewsweek frames CPI and PPI data as a 'double inflation blow'
5 Oct 15 5:03 PM · 1d ago · 3 articles · 7 posts · 9 comments · 4 sources · development 5 of 6
Coverage tied the CPI and PPI reports together as consecutive setbacks for Trump in the final economic data before the midterms, amplifying concerns about affordability pressure on Republican candidates.
Donald Trump US PresidentFederal Reserve US central bankRepublicans in Congress Majority party facing midterm electionsBureau of Labor Statistics / Labor Department Government data agency
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What was reported 2 claims about this development
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first by NYT Politics, 2d ago · also New York Times
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first by Newsweek, 1d ago
What people said 10 voices · best of 13 · verbatim
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P
Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.
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Almost nothing has come down in price since Covid in 2019-20. Quality and portions/value have come down though; A lot. What the hell happened with cereal and chips for example? The price doubled and the package shrank to half when supply chains were down. Now everything is back to normal and the corporations keep the same price/packaging? Straight…
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"Wholesale inflation data from the Labor Department on Thursday showed US producer prices climbed far more than expected in September — auguring more stiff inflation at the consumer level in the weeks and months ahead as those costs get passed along." RE:
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Dear MAGA, Have you ever seen a president so out of touch with the average, struggling American? Have you ever seen a president say he "LOVES INFLATION"? Have you?
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i don't care about the index math... i went to costco yesterday and nearly had a heart attack at the price of dried mangoes. gas is up too. it feels like my wallet is bleeding out while some suit talks about 'transitory' supply shocks. the disconnect between their spreadsheets and my grocery receipt is insane.6.3% PPI and green candles? Pure cope.
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H
https:// apnews.com/article/producer-pr ices-inflation-economy-ff5adf8283a770c2ca9897b10a09dda7?utm_source=app&utm_medium=android_share&utm_campaign=message
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war with Iran spikes oil, which spikes everything else. meanwhile my gas tank costs more than my rent used to. great job boosting portfolio returns by making daily life unaffordable lol. geopolitical conflict isn't sexy trades, it's just pain for wallets.
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"but under Biden..." This, among other things, is what I don't get with the MAGA crowd. Do they all have collective amnesia as to what the world was dealing with during that time?
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I'm not. I'm just asking you to justify your classist belief about Trump supporters. What actual data shows that Trump supporters are poor? In truth, there isn't any.
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I dumped almost everything today on a relief bounce, so everything will probably go back up tomorrow
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