‘Hotter Than Expected’ Inflation Surges Again

[Kamaji]

‘Hotter Than Expected’ Inflation Surges Again

Spencer Brown
September 13, 2023

President Joe Biden's claims that inflation is "coming down" proved again to be at best wishful thinking and at worst a willful lie designed to deceive the American people on Wednesday morning when the August print of the Consumer Price Index (CPI) showed inflation surging higher again.

The top line: consumer prices increased 0.6 percent in August — three times the increase reported in the previous month — for an 12-month increase of 3.7 percent, a notable increase from the annual rate in July of 3.2 percent.

https://twitter.com/BLS_gov/status/1701936966017614153

In another blow to President Biden's rhetoric, the gasoline index was the largest contributor to August's spike in inflation with a 10.6 percent month-over-month leap while the costs for shelter increased for the 40th consecutive month.

Core CPI — which excludes the volatile food and energy indexes — also showed movement in the wrong direction as it rose 0.3 percent (compared to last month's 0.2 percent increase) for an annual rate of 4.3 percent.

All this data, as shown in this helpful chart shared by Dagen McDowell, should officially put to bed Biden administration claims that inflation is waning as a concern for Americans or a weight on their minds.

https://twitter.com/dagenmcdowell/status/1701948940415901980

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Source:  https://townhall.com/tipsheet/spencerbrown/2023/09/13/inflation-surges-again-n2628345

[DefiantMassRINO]

To reduce inflation, you need to reduce the price of energy.

To reduce the price of energy, you can:

1.)  Reduce demand (which the Fed is attempting to do with higher rates)
2.)  Increase supply (Biden Admin won't allow)
3.)  Improve energy consumption efficiencies  (takes years)
4.)  Pivot to less expensive alternatives  (Biden Admin won't allow or do not exist)

If the Biden Admin wanted to reduce long-term inflation, they need to take the shackles off the American domestic energy industry.

In the 1970s, higher energy prices and energy shortages were significant contributors to stagflation.

America has been blessed with an abundant supply of fossil fuels - coal, oil, natural gas.

Natural gas was supposed to be the transition fuel from coal and oil to renewables.  Unfortunately, after many nuclear and coal power generation plants were shuddered, the Green Communist Movement made methane Public Enemy #1.

The Biden Admin's policies are discouraging additional and new investment to augment America's energy infrastructure.  As demand increases or remains constant, the price of energy will remain higher because the Biden Admin's policies are artificially constraining domestic energy supplies.

Inflation won't decrease until the price of energy decreases.

It is my hope, that Republic Party would support invoking the Defense Production Act to complete pipelines that were already under construction and to develop new domestic energy projects to increase domestic supply and bring down energy prices for the long-term.

More affordable domestic energy would also be a competitive advantage for American industry and manufacturing.

Bad Energy Policy = Bad Inflation Policy = Bad GDP Policy = Bad Employment Policy = Bad Trade Policy = Bad National Defense Policy

[libertybele]

To reduce inflation, you need to reduce the price of energy.

To reduce the price of energy, you can:

1.)  Reduce demand (which the Fed is attempting to do with higher rates)
2.)  Increase supply (Biden Admin won't allow)
3.)  Improve energy consumption efficiencies  (takes years)
4.)  Pivot to less expensive alternatives  (Biden Admin won't allow or do not exist)

If the Biden Admin wanted to reduce long-term inflation, they need to take the shackles off the American domestic energy industry.

In the 1970s, higher energy prices and energy shortages were significant contributors to stagflation.

America has been blessed with an abundant supply of fossil fuels - coal, oil, natural gas.

Natural gas was supposed to be the transition fuel from coal and oil to renewables.  Unfortunately, after many nuclear and coal power generation plants were shuddered, the Green Communist Movement made methane Public Enemy #1.

The Biden Admin's policies are discouraging additional and new investment to augment America's energy infrastructure.  As demand increases or remains constant, the price of energy will remain higher because the Biden Admin's policies are artificially constraining domestic energy supplies.

Inflation won't decrease until the price of energy decreases.

It is my hope, that Republic Party would support invoking the Defense Production Act to complete pipelines that were already under construction and to develop new domestic energy projects to increase domestic supply and bring down energy prices for the long-term.

One thing to Trump's credit is that he had us energy independent in just a short period of time.

?? I thought that the Defense Production Act was already passed and did very little to complete pipelines. Wasn't the one in VA eventually halted once again?

[Bigun]

To reduce inflation, you need to reduce the price of energy.

To reduce the price of energy, you can:

1.)  Reduce demand (which the Fed is attempting to do with higher rates)
2.)  Increase supply (Biden Admin won't allow)
3.)  Improve energy consumption efficiencies  (takes years)
4.)  Pivot to less expensive alternatives  (Biden Admin won't allow or do not exist)

If the Biden Admin wanted to reduce long-term inflation, they need to take the shackles off the American domestic energy industry.

In the 1970s, higher energy prices and energy shortages were significant contributors to stagflation.

America has been blessed with an abundant supply of fossil fuels - coal, oil, natural gas.

Natural gas was supposed to be the transition fuel from coal and oil to renewables.  Unfortunately, after many nuclear and coal power generation plants were shuddered, the Green Communist Movement made methane Public Enemy #1.

The Biden Admin's policies are discouraging additional and new investment to augment America's energy infrastructure.  As demand increases or remains constant, the price of energy will remain higher because the Biden Admin's policies are artificially constraining domestic energy supplies.

Inflation won't decrease until the price of energy decreases.

It is my hope, that Republic Party would support invoking the Defense Production Act to complete pipelines that were already under construction and to develop new domestic energy projects to increase domestic supply and bring down energy prices for the long-term.

More affordable domestic energy would also be a competitive advantage for American industry and manufacturing.

Bad Energy Policy = Bad Inflation Policy = Bad GDP Policy = Bad Employment Policy = Bad Trade Policy = Bad National Defense Policy

I agree with every word of this and would add that the same should happen to ALL segments of the economy!