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#Bidenflation

U.S. Postal Service Price Hike on Stamps Set to Kick In

July 3, 2022 by Ethan Letkeman Leave a Comment

Filed Under: #Bidenflation, Breitbart, Economy, Inflation, News, Politics, Pre-Viral, stamp, US Postal Service, USPS

Breitbart Business Digest: Biden's Economy Sees Worst First Half for Stocks Since 1872

July 1, 2022 by John Carney Leave a Comment

Filed Under: #Bidenflation, Bonds, Breitbart, Economy, Great Depression, Inflation, News, recession

Breitbart Business Digest: The Incredible Shrinking Biden Economy

July 1, 2022 by John Carney Leave a Comment

Filed Under: #Bidenflation, Breitbart, Breitbart Business Digest, Economy, Inflation, News, recession

Grocery Cart Inflation Jumps to Highest in 42 Years

June 30, 2022 by John Carney Leave a Comment

A key measure of inflation showed groceries in May costing American households 11 percent more this year than last year, the biggest annual price gain since December of 1980.

The Personal Consumption Expenditure price index for food showed on Wednesday that inflation has accelerated for at 11-consecutive months, picking up pace every month since June of 2021. Food prices were up 6.6 percent when the year started, eight percent in February, 9.2 percent in March, and 10 percent in April.

Compared with April, food prices were up 1.2 percent, up from one percent on a month-over-month basis in the prior month.

The recent month-over-month highs occurred in February and March, when prices rose 1.2 percent for two consecutive months. Food prices jumped 2.3 percent in April of 2020, when the lockdowns sent many families scrambling to hill cupboards. Those were the worst rates of month-over-month food inflation since a 1.8 percent gain in August 1980 and comparable to April 2008, when food prices rose 1.3 percent.

The PCE price index is closely watched by the Fed and used for its inflation targeting. Unlike the better-known Consumer Price Index, the PCE price index allows for consumer substitution, reflecting consumers switching between purchases when relative prices change. When households shift to purchase relatively less expensive foods due to inflation, for instance, that puts downward pressure on the PCE price index.

Advocates of watching the PCE price index say it better reflects changes in the cost of living for U.S. households. Critics say it overlooks the deterioration in quality of life when households are priced out of, say, top-quality goods and forced to buy lower-grade items.

The PCE price indexes has been lagging the CPI s and the gap between the two has expanded in recent months. The CPI barometer of food consumed at home showed prices are up 11.9 percent. Compared with April, the CPI gauge was up 1.4 percent.

The PCE price index for food includes only food purchased for off-premises consumption. This means it excludes purchases at restaurants or other dine-in outlets.

The overall PCE price index rose 0.6 percent compared with April, a faster pace than the 0.2 percent recorded in the prior month. Compared with a year ago, prices are up 6.3 percent, matching the prior month and February. In March, prices were up 6.6 percent on an annual basis.

The American Farm Bureau Federation recently reported that this year’s average cost for an Independence Day cookout is up by the most ever recorded and will be the most expensive on record. Prices of America’s favorite July 4th foods are up 17 percent compared with last year.

The PCE price index is compiled by the Commerce Department’s Bureau of Economic Analysis and the CPI is compiled by the Labor Deparmtent’s Bureau of Labor Statistics.

Filed Under: #Bidenflation, Breitbart, Economy, Food, Inflation, News

Breitbart Business Digest: Greedflation Narrative Destroyed

June 29, 2022 by John Carney Leave a Comment

Filed Under: #Bidenflation, Breitbart, Breitbart Business Digest, Economy, Greedflation, Inflation, Jerome Powell, News, Politics

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What Could Possibly Go Wrong? TikTok Admits ChiComs Can Access Personal Data of Americans

July 4, 2022 | Mike Miller | Leave a Comment

‘Zackly. What could possibly go wrong? Moreover, it’s not like some of us haven’t predicted it from the very beginning. TikTok, the popular … Read More... about What Could Possibly Go Wrong? TikTok Admits ChiComs Can Access Personal Data of Americans

Highland Park Attack: Police Seeking 22-Year-Old White Man Driving Silver 2010 Honda Fit

July 4, 2022 | AWR Hawkins | Leave a Comment

The New York Times reports that police are seeking a 22-year-old white man in connection with the July 4 Highland Park attack. The individual is … Read More... about Highland Park Attack: Police Seeking 22-Year-Old White Man Driving Silver 2010 Honda Fit

Mitt Romney Drops a Dark, Depressing July 4th Message in The Atlantic

July 4, 2022 | Bob Hoge | Leave a Comment

Rather than pen a festive, America-loving message for Independence Day, GOP Senator and former presidential nominee Mitt Romney chose to write a dark, … Read More... about Mitt Romney Drops a Dark, Depressing July 4th Message in The Atlantic

Dem Rep. Jones: If Democrats Get Two More Senate Seats, We're Ditching Filibuster to Pass Gun Control

July 4, 2022 | Pam Key | Leave a Comment

… Read More... about Dem Rep. Jones: If Democrats Get Two More Senate Seats, We're Ditching Filibuster to Pass Gun Control

Samantha Bee Urges People to 'Raise Hell' Against Justice Samuel Alito

July 4, 2022 | Nick Arama | Leave a Comment

We’ve seen a lot of the left losing their minds over the Supreme Court’s decision to overturn Roe v. Wade while Democratic lawmakers have done all … Read More... about Samantha Bee Urges People to 'Raise Hell' Against Justice Samuel Alito

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Mitt Romney: A Donald Trump Comeback Would Render America 'Incurable'

July 4, 2022 | Wendell Husebo | Leave a Comment

… Read More... about Mitt Romney: A Donald Trump Comeback Would Render America 'Incurable'

Survey says Biden still underperforming on crime

July 4, 2022 | John Petrolino | Leave a Comment

It’s difficult to be impressed by anything the Biden-Harris Administration is up to these days, but … Read More... about Survey says Biden still underperforming on crime

In Super-Brave 'Act of Resistance,' AOC… Gets Her Nails Done

July 4, 2022 | Mike Miller | Leave a Comment

There are 91 U.S. military veterans in the 117th Congress: 17 serve in the Senate, 74 serve in the … Read More... about In Super-Brave 'Act of Resistance,' AOC… Gets Her Nails Done

Dear Floridians: Newsom Is Using You for PR Towards His Presidential Run

July 4, 2022 | Fierce Patriot News | Leave a Comment

As RedState reported, California Governor Gavin Newsom spent $105,000 of his hefty $23 million in … Read More... about Dear Floridians: Newsom Is Using You for PR Towards His Presidential Run

California residents to receive stimulus checks — to help offset inflation

July 4, 2022 | Cortney Weil | Leave a Comment

State leaders in California have settled on a stimulus relief bill that will soon help residents … Read More... about California residents to receive stimulus checks — to help offset inflation

Marble Halls & Silver Screens With Sarah Lee Ep. 131: The 'Epic SCOTUS Term, Father Stu, and Progressive Entertainment Overreach' Edition

July 4, 2022 | Sarah Lee | Leave a Comment

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Rock group's music returns to Spotify months after leaving to protest Joe Rogan for 'dangerous disinformation'

July 4, 2022 | Chris Enloe | Leave a Comment

Folk rock supergroup Crosby, Stills & Nash have returned to Spotify five months after yanking … Read More... about Rock group's music returns to Spotify months after leaving to protest Joe Rogan for 'dangerous disinformation'

City of Orlando Apologizes for Negative July 4 Message

July 4, 2022 | Hannah Bleau | Leave a Comment

… Read More... about City of Orlando Apologizes for Negative July 4 Message

Biden admin bragged about 16-cent savings on July 4th cookouts last year, looks even more out of touch now

July 4, 2022 | BlazeTV Staff | Leave a Comment

Last year, the Biden administration was brutally mocked over a ridiculously out-of-touch tweet … Read More... about Biden admin bragged about 16-cent savings on July 4th cookouts last year, looks even more out of touch now

Dem Rep. Schneider on July 4 Shooting: 'Congress Needs to Take Action' on Guns

July 4, 2022 | Pam Key | Leave a Comment

Representative Brad Schneider (D-IL) said Monday on CNN’s “Newsroom” said “Congress needs to take … Read More... about Dem Rep. Schneider on July 4 Shooting: 'Congress Needs to Take Action' on Guns

Hot dog eating champ Joey 'Jaws' Chestnut lays out idiot protester who got between him and July 4th glory

July 4, 2022 | Chris Pandolfo | Leave a Comment

Joey 'Jaws' Chestnut won his 15th title in the 2022 Nathan's Hot Dog Eating Contest on July 4th, but … Read More... about Hot dog eating champ Joey 'Jaws' Chestnut lays out idiot protester who got between him and July 4th glory

'A complete slimeball!' Mark Levin exposes VILE Democrat who wants to use SLEEPER AGENTS​

July 4, 2022 | BlazeTV Staff | Leave a Comment

Progressives accuse conservatives of single-handedly killing American democracy. And unless you are … Read More... about 'A complete slimeball!' Mark Levin exposes VILE Democrat who wants to use SLEEPER AGENTS​

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