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Online mystery-ak

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Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« on: May 11, 2023, 09:26:03 am »
Inflation fell to 2.3% in April, producer price index shows in encouraging sign
Zachary Halaschak

Inflation fell four-tenths of a percentage point to a 2.3% annual rate in April, as measured by the producer price index.

On a month-to-month basis, the wholesale price index increased by 0.2%, the Bureau of Labor Statistics reported Thursday morning.

The report is encouraging news. It shows inflation not far from the Federal Reserve's 2% target and well below the rate registered in other inflation gauges.

The decrease is an indication that inflationary pressures are abating in the face of the Fed's campaign to slow economywide spending by hiking interest rates.

more
https://www.washingtonexaminer.com/policy/economy/inflation-april-producer-price-index
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Offline catfish1957

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #1 on: May 11, 2023, 09:28:41 am »
 :silly:

I will start believing these if and when Powell and Yellen strap on some polygraph equipment during a press conferenece.

2.3%?. They can't even plausibly lie anymore.
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Online bigheadfred

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #2 on: May 11, 2023, 09:49:21 am »
Who to believe?

nflation ticks up again in April, puts interest rate hikes back on the table
Consumers see used car prices rise in April for the first time in months
Facebook
 
By Nora Colomer Sponsored by Credible - which is majority owned by Fox Corporation. Credible is solely responsible for the services it provides.

Used car prices surged in April for the first time in months, according to the Bureau of Labor Statistics (BLS). (iStock)

The debate over if the Federal Reserve is finally done with its interest rate increases continues after April’s inflation showed an uptick over the previous month.

The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS). On a monthly basis, inflation rose 0.4% in April after increasing by 0.1% the month before

https://www.foxbusiness.com/personal-finance/inflation-rises-april-2023
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Offline Timber Rattler

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #3 on: May 11, 2023, 09:59:34 am »
Yeah, right...so that's why our grocery bill is still over $200 a week to feed a family of 4?
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Offline Bigun

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #4 on: May 11, 2023, 10:01:58 am »
Quote
Who to believe?

The Gooberment or my lyin eyes???   wink777
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Offline mountaineer

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #5 on: May 11, 2023, 10:20:12 am »
Quote from: Timber Rattler on May 11, 2023, 09:59:34 am
Yeah, right...so that's why our grocery bill is still over $200 a week to feed a family of 4?
Every freakin' item in the grocery store is at least 25% higher than it was 2 years ago.
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Offline Timber Rattler

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #6 on: May 11, 2023, 10:26:12 am »
Quote from: mountaineer on May 11, 2023, 10:20:12 am
Every freakin' item in the grocery store is at least 25% higher than it was 2 years ago.

The really stupid thing is that Biden and Yellen spout these crooked numbers and fully expect the public to accept them as truth, when everybody who shops for basic necessities knows that they're lying.
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Offline LMAO

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Re: Inflation fell to 2.3% in April, producer price index shows in encouraging sign
« Reply #7 on: May 11, 2023, 04:48:07 pm »
As long as people don’t see an improvement in their cost of living, they can spout all these numbers all they want. Nobody will buy it.
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