Longest federal government shutdown meant data was only collected for second half of November
US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch.
The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month.
It comes amid questions over the strength of the US economy. The longest US federal government shutdown in history halted collection of key data. There was no inflation report for October, and data was only collected for the second half of November.
That seems fairly mild as inflation statistics go. Like, nevermind Trump being full of shit, I was under the impression cost of living was rising much faster.
Given how the BLS operates, I’m forced to ask whether these figures are even accurate.
Food has definitely gone up more than 2.7%. Around me at least.
Some food more than others, certainly. Beef has been skyrocketing, thanks to the combination drought, disease, and heat wave.
I haven’t seen much change on staples like rice and beans, though. We figured out how to produce eggs at scale again. No idea how this plays into inflation statistics, though.
the rises in healthcare, housing, etc aren’t part of the inflation index.
Sure. But that’s a decades-old problem with much deeper roots than the current president.
There’s a bigger gulf between Trump and Romney than Romney and Obama. Ds and Rs have largely been in alignment on housing and health care
Healthcare is very much a Trump problem, and some have seen doubling of the price in December of the health insurance.
Tell me you never read the full plans for Obamacare without using those words.
The full plans didn’t pass the Democrat majority controlled House or Senate.
Max Baucus would be better attributed as the author of a "Obama"care, as it was his version of the bill that made it to a floor vote.
As though jettisoning the public option wasn’t part of the plan.
It wasn’t in the whitepapers Obama is supposed to get credit for. But the compromises and the rug pulls are never in the fine print.
Inflation covers everything* but not everything has gone up in price.
They are also likely to be revised right?
Probably? Under this administration, idk anymore