FJB!
FKH!

'Inflation rises again as America heads into final weeks of Biden-Harris
regime'

<https://www.wnd.com/2024/11/inflation-rises-again-as-america-heads-into-final-weeks-of-biden-harris-regime/>

'nflation for Americans, which has totaled some 22% under the Joe
Biden-Kamala Harris regime, rose again in October, just as the nation
heads into the final few weeks of the Democrat administration.

Prices were 2.6% higher in October than a year earlier, up from 2.4%
from September, according to the Consumer Price Index.

A report at USA Today explained half of the rise, according to the
Bureau of Labor Statistics, was because of a rise of 0.4% in shelter
prices.

The numbers show, according to economists, that America's inflation
infection still is not over.

"Inflation had barely registered on America's radar in recent years. But
prices spiked in the pandemic, and the annual inflation rate reached a
40-year high of 9.1% in mid-2022," the report said. "The Fed stepped in,
raising interest rates dramatically in 2022 and 2023 to cool the
economy. Inflation retreated below 4% in mid-2023, but it still hovers
above the 2% target set by federal regulators."

Inflation was at a 1.4% rate when President Donald Trump left his first
term in the White House and Biden and Harris took over.

The problem is a top priority for American consumers, and it likely is
one of the main reasons that Trump won a landslide victory in the
presidential election last weekend.

USA Today explained Brian Coulton, Fitch Ratings chief economist, said,
"The 'last mile' of progress in getting inflation back to 2% is proving
to be a long and arduous one."

The report noted that while inflation is lower now than earlier in the
Biden-Harris administration, prices are "sharply higher: 21.4%" for
consumers.

Prices for transportation services surged 8.2% on an annual basis,
shelter was up 4.9% and electricity up 4.5%, the report said.

"The thorn in inflation's side remains housing, and this is the primary
source of the upside risk to our inflation forecast for 2025," Ryan
Sweet, chief U.S. economist at Oxford Economics, said in the report.

Elyse Ausenbaugh, of J.P. Morgan Wealth Management, noted that the
inflation is up again just as the market is assessing the incoming
administration of President-elect Donald Trump and what his policies on
immigration, debt, trade and more will mean/.

The report said "core" inflation, a measure that excludes volatile food
and gas prices, rose at an annual rate of 3.3% in October, as
predicted.'

On 16/11/2024 00:37, John Smyth wrote:
> FJB!
> FKH!
>
> 'Inflation rises again as America heads into final weeks of Biden-Harris
> regime'
>
> <https://www.wnd.com/2024/11/inflation-rises-again-as-america-heads-into-final-weeks-of-biden-harris-regime/>
>
> 'nflation for Americans, which has totaled some 22% under the Joe
> Biden-Kamala Harris regime, rose again in October, just as the nation
> heads into the final few weeks of the Democrat administration.
>
> Prices were 2.6% higher in October than a year earlier, up from 2.4%
> from September, according to the Consumer Price Index.
>
> A report at USA Today explained half of the rise, according to the
> Bureau of Labor Statistics, was because of a rise of 0.4% in shelter
> prices.
>
> The numbers show, according to economists, that America's inflation
> infection still is not over.
>
> "Inflation had barely registered on America's radar in recent years. But
> prices spiked in the pandemic, and the annual inflation rate reached a
> 40-year high of 9.1% in mid-2022," the report said. "The Fed stepped in,
> raising interest rates dramatically in 2022 and 2023 to cool the
> economy. Inflation retreated below 4% in mid-2023, but it still hovers
> above the 2% target set by federal regulators."
>
> Inflation was at a 1.4% rate when President Donald Trump left his first
> term in the White House and Biden and Harris took over.
>
> The problem is a top priority for American consumers, and it likely is
> one of the main reasons that Trump won a landslide victory in the
> presidential election last weekend.
>
> USA Today explained Brian Coulton, Fitch Ratings chief economist, said,
> "The 'last mile' of progress in getting inflation back to 2% is proving
> to be a long and arduous one."
>
> The report noted that while inflation is lower now than earlier in the
> Biden-Harris administration, prices are "sharply higher: 21.4%" for
> consumers.
>
> Prices for transportation services surged 8.2% on an annual basis,
> shelter was up 4.9% and electricity up 4.5%, the report said.
>
> "The thorn in inflation's side remains housing, and this is the primary
> source of the upside risk to our inflation forecast for 2025," Ryan
> Sweet, chief U.S. economist at Oxford Economics, said in the report.
>
> Elyse Ausenbaugh, of J.P. Morgan Wealth Management, noted that the
> inflation is up again just as the market is assessing the incoming
> administration of President-elect Donald Trump and what his policies on
> immigration, debt, trade and more will mean/.
>
> The report said "core" inflation, a measure that excludes volatile food
> and gas prices, rose at an annual rate of 3.3% in October, as
> predicted.'

Much like in the UK :-(