But despite the monthly increase of 0.5%, inflation continued to slow on a year-over-year basis to 6.4%, according to the Bureau of Labor Statistics. That’s down from December’s 6.5% but higher than economists’ projections of 6.2%, according to Refinitiv. It’s the seventh consecutive month that annual inflation has declined. There were no major Valentine’s Day surprises for the latest read on inflation.
“At the end of the day, when people say, ‘Well, what’s causing inflation?’ everybody has one answer, and the real answer is, ‘all of the above,’” she said. “If it was easy, it would have been solved already.” If it was only a supply shock, it would have passed, she said, adding that a sole demand shock would already have been knocked down by interest rate hikes. “If it was only one thing, we would know what to do, and that’s what is making it so complicated,” she said.
Because of the minimum wage raises, so we are back where we started. People who got the wages still can’t afford to eat out. Prices have to go up.
And then they demand a 30% tip
American exceptionalism.
And I’m sure that’s not including the 4% “wellness” fee every restaurant has been adding
YAY BIDENS AMERICA!!!!!
Slippery slope, keep doing this to keep up with food prices and other costs and they'll price themselves out of business. The value consumers attach to eating at a restaurant only goes so far.
Ey, what about this toxic cloud in Ohio. You should pay more attention.
Are you serious? How does Biden's schlong taste?
But remember Inflation is transitory and only 9 percent! REMEMBER those lies! Wake up fools!
Ten dollar eggs. Yikes.
The grocery price has been much worse than before. I can't believe the latest CPI index.
With most of them, just like most other companies, reporting RECORD profits.
You can thank Putin for that
What’s with the big explosion and large cloud of poisonous smoke in Ohio?
How about the price of lying about Nick Sandmann?
On an annual basis. So gotta wait till next year for some relief? Fantastic
Inflation subsided last July.
Russia will be shifting its oil exports and petroleum products to friendly countries this year, increasing their share in total supplies shipped abroad to 80%. Russian oil production hit 535.2 million tons in 2022 up 2% from the previous year, as oil exports increased by 7.6%
Didn't realize it. UntilI checked my bank account after going grocery shopping.
But you said it was transitory and only 9 percent? REMEMBER THAT LIE? FAKE NEWS!!
Isn’t it so weird that inflation keeps going up even though we’re spending as much tax payer money as possible to reduce it? Because inflation is created by the government printing money above and beyond the revenue they collect from you
Prez said inflation was over. Was he being untruthful?
Economists were overly optimistic about the decrease. Inflation dropped from 6.5 to 6.4. Prior months: 8.2 7.7 7.1 6.5 (December) How is that a 'surge' again?
Amazing how calm you report this article of bad news. When it's Trump, you're questioning why he wouldn't be impeached for such levels of failure. Sad.
We will win IRGCterrorists WalkoutIRI
People have bought more despite inflation.
0.5% is a Surge Surge: a sudden powerful forward or upward movement Boy oh Boy we have Math Geniuses Did they send Journos to a special school for Words that are meant to belie a situation Belie: fail to give a true notion or impression
Stop complaining about the inflation
Just wait until the water and food shortage near Ohio.
I have a Q: When did CNN MSNBC abcnews CBSNews FoxNews NewsHour et. al. Become cheerleaders for the Intelligence agencies and gov law enforcement? These people have, for DECADES, been the ENEMY of Americans murdering, maiming, lying, to ALL of us. What happened?
Everyone is raising their rate on everything. It is getting old.
CNN IS A RACIST PROPAGANDA TERRORIST ORGANIZATION. WAKE UP AMERICA 🇺🇸. SHUT IT DOWN !
CNN has a fired liar FBI agent to explain crime stories.Can you believe that. MSNBC, has another fired FBI agent for spewing political bias. How can you trust these two for anything?
Instead of just announcing inflation why don’t you find a reporter somewhere to explain why it is at the level it is. Why are eggs up 70 %. How much does corporate greed factor in.
How's ratings?
But 6.4% higher than a year ago is higher than expected, and makes your raise last year a -3%. You took a 3% pay cut.
Good way to say inflation came in HIGHER than government expected for the month with an eye on helping Biden. Even by Biden's month to month (Which isn't how it's measured) it went UP 0.5%. Meaning things are 0.5% higher this month than last.
That's because the Biden regime is Causing all of This. How do you sleep at night knowing you lie about everything. Put your hand on The Bible before you start your so called journalism And swear to tell the truth the whole truth and nothing but the truth.
I don’t think anyone trusts you guys anymore. It’s really odd that you didn’t cover the Ohio chemical spill. It’s gross how you do so much coverage of mass shootings though. All about those clicks and ratings.
The gunman, a 43-year-old Black male, is not affiliated with the university.
Rampant profiteering is going on and not just by oil companies and energy suppliers. Supermarkets are putting up prices on food because they think everyone is expecting it.
$2.82 per gallon here. 🤷♂️
Lol
Is this true? Can any journalists confirm this?
We are only at 6.5% inflation now, so it’s only a 30 year high.
CNN: “Inflation is looking better, despite the contrary facts.” America: “Arggggghhhhhhhhh!”
CNN: Good news groceries are up 11.4%!!! Another Biden win!!!! America: Fffffuuuuuccccckkkkkkk
When the fake news keeps getting more fake
GFY LIARS
In other words all costs more and we continue to cover for joes mess
Biden-flation! You get what you vote (or steal) for!
When are you guys going to start keeping track of all of Bidens' lies like you did with the 33K of Trump? 33K 🤣 Please run an article listing all 33K of Trumps lies.
Inflation has been at 6% for how long now?
Doesn’t feel like there is much easing….
I passed d $3.09 per gallon yesterday. Report the low why the high? CNN has a way of depicting the worst for ratings?
Thanks to Republicans Big Business Greed,these Businesses are taking advantage of the American People,while they pay little to no taxes,as they continue to make Billion$ in Profits & give Republicans big political donations. HouseGOP SenateGOP GOP POTUS WhiteHouse
inflation is higher than expected
Yeah, it's easing on fake news and gun violence 🙄
Name one thing that has come down and stayed down in price…..
Way to go Joe Biden!
The Biden-UN Covert Op to blow up Nord Stream 1 & 2 is not only a environmental catastrophe; 🤦♀️ It deprived Europe from accessing clean and necessary energy.