Acting Labor Sec’y: ‘Prices Are Lower’ than a Year Ago and Gas Prices ‘Continue to Come Down’

[mystery-ak]

Acting Labor Sec’y: ‘Prices Are Lower’ than a Year Ago and Gas Prices ‘Continue to Come Down’

Ian Hanchett 4 Aug 2023

During an interview with Bloomberg on Friday, acting Labor Secretary Julie Su claimed that “prices are lower than they were a year ago, and significantly so.” And that gas prices “continue to come down.”

Host Joe Mathieu asked, “Well, so you’re clearly up on the state of the job market right now, and workers, I suspect, are too. Lower unemployment, rising wages, but those — again, those two trends come together in an inflationary way. How do you balance those two moving forward?”

Su responded, “So, at the same time, we are seeing the inflation rate come down, right? It is — it was like 3% last month. We’ll see more numbers in a week. But prices are lower than they were a year ago, and significantly so. A year ago, remember, we were talking about gas prices, we were talking about the price of eggs, all of those things continue to come down. And I think people are feeling them at the grocery store. They’re also feeling them, because, when real wages grow, especially for low and middle-income individuals, you see it, and we’re seeing it in consumer spending. We’re seeing it in confidence. It’s all reflected as I travel around the country in the sense of confidence that people are feeling. That’s all part of the broader recovery.”

more
https://www.breitbart.com/clips/2023/08/04/acting-labor-secy-prices-are-lower-than-a-year-ago-and-gas-prices-continue-to-come-down/

[bigheadfred]

Complete and utter horse s.

[Wingnut]

What alternate reality is this biotch living in?   Oh wait, the Dem DC bubble.  Where reality goes to be spun and then die.

[Fishrrman]

[LMAO]

From the article....
Su responded, “So, at the same time, we are seeing[/b] the inflation rate come down, right? It is — it was like 3% last month. We’ll see[/b] more numbers in a week. But prices are lower than they were a year ago, and significantly so. A year ago, remember, we were talking about gas prices, we were talking about the price of eggs, all of those things continue to come down. And I think people are feeling them at the grocery store. They’re also feeling them, because, when real wages grow, especially for low and middle-income individuals, you see it, and we’re seeing it in consumer spending. We’re seeing it in confidence. It’s all reflected as I travel around the country in the sense of confidence that people are feeling. That’s all part of the broader recovery.”


Why do these people "see" everything no one else does?

[Kamaji]

From the article....
Su responded, “So, at the same time, we are seeing[/b] the inflation rate come down, right? It is — it was like 3% last month. We’ll see[/b] more numbers in a week. But prices are lower than they were a year ago, and significantly so. A year ago, remember, we were talking about gas prices, we were talking about the price of eggs, all of those things continue to come down. And I think people are feeling them at the grocery store. They’re also feeling them, because, when real wages grow, especially for low and middle-income individuals, you see it, and we’re seeing it in consumer spending. We’re seeing it in confidence. It’s all reflected as I travel around the country in the sense of confidence that people are feeling. That’s all part of the broader recovery.”


Why do these people "see" everything no one else does?

Because if they say it often enough, their base will "see" it to, and will "cancel" anyone who says otherwise.

[Smokin Joe]

The twenty gram chocolate ration has been increased to ten grams...

Laying hen populations have come off the seasonal slump and recovered from losses last year, so eggs are down. I really don't think the government can take much credit for what chickens are doing, naturally.

Gas here is up 40 cents per gallon (87 octane regular) in the last six weeks.

WTF are they referencing?

[Timber Rattler]

Julie Su is an out-of-touch idiot.

Gas prices here in Pennsylvania are $3.99 per gallon (including the ridiculously high state gas tax) and I spent $6.99 for a pound of bacon yesterday, the cheapest in the store.

[Kamaji]

Julie Su is an out-of-touch idiot.

Gas prices here in Pennsylvania are $3.99 per gallon (including the ridiculously high state gas tax) and I spent $6.99 for a pound of bacon yesterday, the cheapest in the store.

[GtHawk]

Julie Su is an out-of-touch idiot.

Gas prices here in Pennsylvania are $3.99 per gallon (including the ridiculously high state gas tax) and I spent $6.99 for a pound of bacon yesterday, the cheapest in the store.

Gas prices here in SoCal jumped over thirty cents in less than a week...so far and I haven't seen any appreciable drop in grocery prices, bread was still $5 a loaf and I'm not talking national brand. I don't know who other than mentally challenged talking heads that are buying why she's shoveling because even every day blue collar dems are aware of the reality at the store.