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Inflation over the past 6 months has been less the 1%[0]. This is right on target for the Fed, 2% for the year. The the 6 months before that is where the bulk o
by frankbreetz 4y ago
Inflation over the past 6 months has been less the 1%[0].
This is right on target for the Fed, 2% for the year. The the 6 months before that is where the bulk of the 6.5 yearly cpi increase comes from. Inflation is a rate and it is dropping. According to the CPI prices did drop last month as there was a negative inflation rate.
[0]https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/cpi.nr0.htm
- listenallyall 4y ago> gasoline was by far the largest contributor to the monthly all items decrease Biden is emptying the Strategic Reserve to temporarily lower gasoline prices as a political maneuver to bring down the CPI (temporarily) so people like yourself will congratulate him. Lol. Meanwhile according to your own link pretty much everything else is still increasing rapidly -- food +10%, electricity +14%, shelter +7.5%. You're going to say, with a straight face, that we have negative inflation? What a joke.
- niklasbuschmann 4y agoNo, he did it because at the time, oil was in backwardation, making the move very profitable. It just makes sense economically for anyone who stores oil.