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"President Donald Trump this week admitted that prices are rising ― but insisted that it’s not his fault despite repeatedly claiming he would bring prices down on his first day in office.
'Inflation is back, he told Fox News host Sean Hannity in an interview that aired on Tuesday night."
~ Ed Mazza
#Trump #inflation #groceries #prices #eggs #gasoline #economy
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https://www.huffpost.com/entry/trump-inflation-promise_n_67b589fae4b04f1801af34e5
"The consumer price index jumped by 3% in January compared to January 2024, according to the Labor Department, a number higher than most analysts expected."
#Trump #inflation #groceries #prices #eggs #gasoline #economy #consumers #ConsumerPriceIndex
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"'BIDEN INFLATION UP!' he posted on Truth Social.
At least one survey already suggests consumers aren’t buying this line: The University of Michigan’s February survey of consumers found they expect inflation to increase, particularly in light of the tariffs Trump has slapped on top trading partners."
~ Heather Souvaine Horn
#Trump #inflation #groceries #prices #eggs #gasoline #economy #consumers #ConsumerPriceIndex
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@wdlindsy@toad.social"Nor are economists overly impressed by Elon Musk’s proposal to tackle the problem: dramatically slashing government spending. Even if Musk could cut spending as much as he suggests (doubtful, reports The Economist, which finds much evidence of chaos but not much movement in actual numbers) experts say the result would crash the economy."
#Trump #Musk #inflation #groceries #prices #eggs #gasoline #economy #consumers #ConsumerPriceIndex
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