‘Core Inflation’ Matches Two-Year Low — Here’s Why You’re Not Noticing Any Change | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Virginia Kruta.

    The latest reports show that the job market is making positive gains and "core inflation" - overall inflation minus the more volatile prices of food and energy - is even at a two-year low, but Americans still aren't seeing any real relief.

    "Annual inflation has fallen by around two-thirds since last summer, and inflation outside of food and energy has fallen to its lowest level in any three-month period since September 2021," the White House said in a statement.

    Indeed, President Joe Biden and his surrogates have been touting the "success" of the administration's economic policies - dubbed "Bidenomics" - at every possible opportunity, but polling still suggests that the American people don't believe Biden has been good for the economy.

    A recent CNN poll revealed that just 41% approve of Biden's performance overall - and only 37% approve of his handling of the economy specifically.

    The reason, according to a new report published Thursday by POLITICO, appears to be the difference between core inflation and overall inflation - the latter of which is slightly up at 3.2% in July.

    That reflects the fact that, despite Biden's claims that his economy is working, Americans are still paying much higher prices for the things they actually have to buy - namely the food and energy costs that don't factor into core inflation calculations.

    The result is that Americans are paying approximately 17% more at grocery stores and restaurants since February of 2020 - and despite the fact that gas prices have come down since reaching record highs - people are still paying quite a bit more at the pump than they did before Biden took office.

    "Most of what people spend their money on continues to go up in price, perhaps explaining why consumers aren't as optimistic as economists about the recent disinflationary data," Omair Sharif of Inflation Insights said in a research note prior to the most recent report's release.

It has been far too many years since the Woke theology interlaced its canons within the fabric of the Indoctrination Realm, so it is nigh time to ask: Does this Representative Republic continue, as a functioning society of a self-governed people, by contending with the unusual, self absorbed dictates of the Woke, and their vast array of Victimhood scenarios?
  Yes, the Religion of Woke must continue; there are so many groups of underprivileged, underserved, a direct result of unrelenting Inequity; they deserve everything.
  No; the Woke fools must be toppled from their self-anointed pedestal; a functioning society of a good Constitutional people cannot withstand this level of "existential" favoritism as it exists now.
  I just observe; with this thoughtful observation: What will happen "when the Vikings are breeching our walls;" how do the Woke react?
794 total vote(s)     What's your Opinion?

Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

NYC like London: gun control brings explosion of knife crime Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Rapid Reaction: Subpoena The Bidens? Sounds Good, But Well Done Is Better Than Well Said.


Latest Op-Ed & Politics

WORLD — A newly released report has revealed that people are following their hearts at record levels, with remarkably disastrous results.
WHO director-general Tedros Adhanom Ghebreyesus insisted that any allegation that his organization was close to China was an “outright lie.”
For the second year in a row, North Carolina has earned the top spot in CNBC’s annual “America’s Top States for Business” ranking. Gov. Roy Cooper wasted no time taking credit in an interview with CNBC, but as usual there’s more to the story.
The White House appeared to blow off criticisms after President Joe Biden became the first sitting U.S. President to not make an appearance at any of the official memorial sites on September 11: Ground Zero
In an extraordinary display of efficiency and ruthlessness, the FBI's crack tactical team descended upon a sleepy suburban neighborhood after receiving reports of an active incandescent light bulb.
Homeland Security Secretary Alejandro Mayorkas complained on Monday of a “broken immigration system” when asked to respond to a warning from New York City Mayor Eric Adams about the migrant crisis.


HuffPost White House correspondent S. V. Date used the 22nd anniversary of the September 11th terrorist attacks to claim that former President Donald Trump was worse than “Osama bin Biden.”
After years of being totally obscured by Lizzo's shadow, her backup dancers have finally had enough.
Hundreds of gun owners took to the streets of Albuquerque over the weekend to openly carry their firearms in defiance of the state’s Democrat governor, Michelle Lujan Grisham, who unilaterally decided to suspend laws allowing open and concealed carry in the area.
Florida Governor Ron DeSantis responded on Thursday to a Daily Wire report about a land developer in Texas who has created an expansive settlement north of Houston where thousands of illegal immigrants are believed to have settled, saying that he, as president, will put an end to it.
Residents of a small Texas border town have expressed their sympathy for New York City as it buckles under the weight of a few thousand migrants.
Texas Governor Greg Abbott shared a video on social media this week showing President Joe Biden’s Border Patrol cutting razor wire that the state of Texas had placed alongside on the Rio Grande to stop illegal aliens from flooding into the country.
Mourners were joined by current and former politicians Monday for a somber ceremony marking the 22nd anniversary of the September 11, 2001, terror attacks.


Back to Top