US inflation unexpectedly increases
US inflation unexpectedly increases
US inflation increased by more than expected last month, pushing up the cost of living for Americans.
Unexpectedly?
I know I've seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.
Inflation has generally dropped significantly in most developed countries and is mostly tied to post-pandemic effects and the war in Ukraine. So if you ignore the debilitating influence of Trump, you would expect inflation to continue to drop in the US too.
The 3% rate isn't actually all that high currently, but you'd expect it to trend up again due to tariffs, both from the actual effects and as an excuse for companies to raise prices.
Or Trump could cause a serious recession/depression, in which case inflation will drop (but you won't be able to buy anything anyway, since you'll have lost your job).
Somehow, inflation returned
Denial first, surprises later.
Definitely a solid onion headline worded like that.
British humour.
They forgot the /s
I was thinking exactly the same thing... maybe with the exception of the 30% that actually believed his bullshit enough to vote for him... I've been bracing for the huge inflation bolster since he was elected...
Hell trump and musk have kind of warned us, inflation is going to get worse (and lied about it being so it can get better... ignoring the general fact that inflation is a one way street, you can't fix it... you can only slow it down, and/or speed up wages to catch up to it)
Unexpectedly? By who?
Pretty sure tons of people said they if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit... This was entirely expected. It's the result we all knew was coming if he took office.
If it were any other Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they're spinning.
And his idea to fix inflation? Cut interest rates.
Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn't keep up, there would be a revolution (or at least I'd hope so).
Eggs at $32/dozen. One can only dream.
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
Republicans just took power.
Not unexpected at all.
We hired one of the worst people in the world to lead us. It's a stretch to call this unexpected.
Exactly.
Hired is a stretch.
This is the top comment on my screen and it's perfect.
Love this
Unexpectedly?
Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad
What's unexpected about it? We re-elected a twice impeached anti-democratic felon rapist who utterly failed his last term.
Every American who could rub brain cells together warned this would happen.
Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.
sounds like BBC is doing damage control for mango mussolini.
the "unexpected" part is that the 3% is above the expected 2.9% rate. they're being coy; the title implies the increase is unexpected while the text shows it's just a tenth of a point above the rate that was expected.
the editors are not uneducated people. I bet they speak English pretty well. the wording is deliberately misleading.
Dem clicks doe
Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.
Or, the people with 2 brain cells to rub together don't call for ballot counting like cheerleaders of the dumbfucks do. Missing that 3rd brain cell...
How is this different than putting a "biden did this" sticker on a gas pump?
Why is inflation related to his term? Its fine if it is but can we please make sense with our outrage?
That article is carrying a lot of water for the Trump administration. Nobody knows why prices are going up!
Import tariffs are explicitly inflationary. Even the rhumor of them is arguably inflationary. Lowering the interest rate (which Trump is currently in the midst of bullying the Fed chair into doing ) is also explicitly inflationary.
All of the things he has done that actually pertain to inflation have been to increase it.
Yeah, which is why this is a bad article from the BBC. The headline should be, Trump Causes Inflation.
That article is carrying a lot of water for the Trump administration
Just admit you only read the Headline.
No, I read the article.
Unexpectedly?
Even the Spanish Inquisition was blindsided by this.
Unexpected by whom?
Republican voters
Dumb people doing dumb things
There's nothing unexpected about it. Have they not been paying fucking attention to what the Orange Jackass had been doing to is?
It's probably the BBC's attempt not to get sued ;)
!leopardsatemyface@lemmy.world
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
"If things aren't good enough, we should make them worse to teach those layabouts a lesson!" - People who have no intention of suffering the consequences of their actions
I'm not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
“Unexpectedly”
If it’s anything to me, it’s unexpectedly low.
Shocked pikachu face
who ever wrote this article is a total moron. Unexpectedly? noo.
14 years of Conservative government has left the BBC senior ranks full of Tory placeholders and shills.
"Unexpectedly"? Everyone but the MAGA idiots expected it.
I fucking love how there is basically only one comment on this entire post
Yeah well these news publications are starting to blatantly insult everyone's intelligence now. If it was really unexpected, there wouldn't be a bunch of comments here saying "Unexpected? Really?"
And the dozens of people who made that comment didn't read so much as the first part of the first sentence of the article.
US inflation increased by more than expected last month
It's not the inflation that was unexpected, it's the amount. You can't get your news from headlines, people.
Unexpectedly by who!?
The people who voted for the authoritarian liar. They are equally shocked at the leopard knawing on their face.
You're likely vastly overestimating their understanding of inflation. For many of them it came down to "China pays for it!" and they have no further knowledge or insight beyond that.
Yes, China pays for it, just like Mexico paid for the wall 🙄.
The only thing unexpected here is the bad headline. Simply using the first sentence would be more accurate and meaningful
Wait. Unexpectedly for who? I certainly expected it. Most people I've talked with are also not surprised.
Then those interviewed and writing this article are idiots. 2024 article.
Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve’s interest rate policies would likely send prices surging.
Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target.
The Nobel economists noted that they aren’t alone in sounding the alarm.
Who could have expected this
Maaaybe tarrifs are not that great
Thank President Musk and his First Lad Trump.
"unexpectedly" is a word they use but I am not sure they know what it means.
That's unfortunate, BBC misspelled "predictably."
Is this the same people who couldn't think Brexit was bad for their economy?
it misspelled "more than expected"
don't only read headlines
Don’t tell me what to do
Say goodbye to the middle class. We just gave what was left of it to billionaires.
Leave it to USA Today to bring the bleak toxic positivity.
I expected this ages ago, I must have superpowers or something
Please run the country
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You're not going to notice that inflation is 0.1% higher than expected
0.1% for someone with a $500,000 mortgage would be $500.
0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.
Edit: however, Blackrock also *profited to the tune of 4.7 billion dollars, so the 0.1% increase is a 0.3% cut into their profit from last year. They can absolutely afford it.
I'd be interested in seeing where the inflation was higher than expectations. He's only been in office a few weeks; most of these markets don't react that quickly.
Not when you start tariffs wars with allies that you signed trade agreement with.
unexpectedly
From the BBC? Wow!
I can mentally hear exactly why the inflation is rising in the voice of good ol' dear David Attenborough.
When will we start seeing stickers at gas pumps and at grocery's saying "Trump did this".
How about flags saying "Let's Go Eric" as an answer to all the let's go Brandon flags
Let's go Felon!
Mine were delivered about 2 weeks ago, so that I'd have them ready. I got them from a store on Etsy.
So, tarrifs have impact after all?
I buy steel products and the domestic prices are already increasing. Defeats the point of buying here vs importing. 🤷♀️
Just snuck up on everyone without warning! 🫣
"unexpected"
Unexpectedly?????? WT actual F??????
wait, printing multiple trillions of dollars causes inflation?! :pikachu:
I wouldnt be surprised if foreign investors in US Bonds were dropping that shit like it was radioactive.
"unexpectedly". yep nobody anywhere ever saw it coming. idjits
Unexpectedly? LMAO
Trump's fine with that as far as his gold reserves are going to skyrocket in value. That's maybe one of the reasons why he wants these tariffs so bad in the first place.
(Get precious metals asap, btw.)
This US INFLATION 'increase' is about the smallest possible;
the headline is at best misleading and sensationalism at worst.
' UNEXPECTEDLY INCREASES' should say 'inched from 2.9% to 3%, which happens routinely at the beginning of every year'.
0.1% is the smallest unit it can go up by.
This is literally a nothing burger
I agree that it's probably a sensational article. No matter what the numbers actually are - it's too early to draw a line to Trumps policy decisions.
It's cherry picking, but I'll point out the 15% increase in the cost of eggs due to Avian flu. I mean, if we blamed Biden for inflation over the last several years then we can place this at Trump's door step surely?
In any case, I look forward to seeing the MAGA-splaining in the coming months.
Is it too early? Considering that a substantial portion of our imported goods originate from a country subject to a 10% tariff, wouldn’t this policy inevitably lead to significant price increases for those products?
