Economy January reports highest inflation increase since August 2023

[joy2day]

Yep, inflation had the biggest increase in over a year during January of 2025. I'm confused- Trump said prices would drop "on day 1" of his presidency- what happened?

In fact, with his other policies (e.g. tariffs), we are set to see inflation continue to increase.

Now, this was this biggest knock on Biden- we live in this overpriced country because of Biden! It was all over this site and others that America was being fleeced by Biden with this inflation. It was the worst thing ever, and it was Biden's fault. High prices were killing us thanks to Dems running things.

Alright there you have it! Let the excuses and sad rationalizations rip! It's horrible when it's under Biden, but fine under Trump! At what point will it become Trump's fault? I'm sure Trumpers will try to blame it on Biden, but for how long?

Trump was elected on promises to lower prices for inflation-weary consumers. High inflation could imperil the Trump administration's agenda, including tax cuts, which could overstimulate a healthy economy, and mass deportations of undocumented immigrants that are seen causing labor shortages and raising costs such as wages for businesses.
"The moderation we saw in consumer inflation last summer is no longer visible now," said Scott Anderson, chief U.S. economist at BMO Capital Markets. "The problem for the Fed is this isn't just a one-month event, but looks like a real multi-month firming of inflation pressures."

https://www.reuters.com/markets/us/us-consumer-prices-increase-more-than-expected-january-2025-02-12/

 

[CantCucktheTuck]

biden's america

 

[joy2day]

biden's america

Who is the president right now? What is he doing about inflation?

 

[Sinister]

Trumpflation!

Lower prices in Day 1

"Complicated."

Let's buy Greenland tho.

Tax cuts for the wealthy!!

 

[Sweater of AV]

Dump failing to realize that the threat of heavy tariffs alone would fuck with inflation.

 

[Fox by the Sea]

Glormpf should resign immediately!

 

[CantCucktheTuck]

Who is the president right now? What is he doing about inflation?

oh...you're are being serious. Not much I can say to you if you believe, 3 weeks into his term, that inflation from the month prior to him taking office should have magically disappeared. You couldn't even wait for February's report before your TDS exploded.

 

[Lycandroid]

but biden was in office for most of January, how do you expect Trump to fix undo 4 years of damage in less than two weeks ?

 

[joy2day]

oh...you're are being serious. Not much I can say to you if you believe, 3 weeks into his term, that inflation from the month prior to him taking office should have magically disappeared. You couldn't even wait for February's report before your TDS exploded.

Wait a minute, Trump said "On day 1" he would stop inflation- what happened? You actually think it is going to go down in February?

 

[CantCucktheTuck]

Wait a minute, Trump said "On day 1" he would stop inflation- what happened? You actually think it is going to go down in February?

you might of had a point if you had of waited for the February numbers.

 

[joy2day]

you might of had a point if you had of waited for the February numbers.

The consumer price index jumped 0.5% last month (January, Trump is in already), the biggest gain since August 2023, after rising 0.4% in December, the Labor Department's Bureau of Labor Statistics (BLS) said.

I have a point either way- Trump is not decreasing inflation, and that's a pipedream to say otherwise.

 

[Kingz]

No surprise. That’s mostly a Biden month.

America didn’t originally become Great in a day so you would have to figure it won’t be Made Great Again in a day either

 

[joy2day]

No surprise. That’s mostly a Biden month.

America didn’t originally become Great in a day so you would have to figure it won’t be Made Great Again in a day either

That excuse won't last long. It also doesn't account for the day 1 promise.

 

[Spam On Rye]

These cope threads are getting old. Just move on.

 

[Zazen]

It’s going to get so much worse. Trumps approval rating will be in the low thirties within two years tops. Wouldn’t it be nice if we lived in a country that didn’t have the memory of a goldfish. This guy is simply incapable of running a country, he can’t even run a business. Good job MAGA, making your own children’s lives harder to own the left.

 

[joy2day]

These cope threads are getting old. Just move on.

These coping posts are getting old. Just move on if you can't deal with the facts about your hero.

 

[aerius]

Stop being stupid with this inflation shit. As I've already said ad nauseam on this forum, it takes around 12-18 months for the federal government's fiscal policies & actions to work their way over to the consumer side. Even if Trump magically balanced the budget right and does everything possible to stop inflation, it would still take around a year for inflation to slow down since it's already baked into the pipeline on the supplier & producer side.

What you want to keep an eye on is the PPI (producer price index), if it starts coming down in the next few months then the CPI which is the headline inflation number will follow it around 6-12 months afterwards.

 

[Source]

Long live the King!

 

[joy2day]

Stop being stupid with this inflation shit. As I've already said ad nauseam on this forum, it takes around 12-18 months for the federal government's fiscal policies & actions to work their way over to the consumer side. Even if Trump magically balanced the budget right and does everything possible to stop inflation, it would still take around a year for inflation to slow down since it's already baked into the pipeline on the supplier & producer side.

What you want to keep an eye on is the PPI (producer price index), if it starts coming down in the next few months then the CPI which is the headline inflation number will follow it around 6-12 months afterwards.

So you must think Trump was REALLY stupid with the inflation shit- he said it would be solved on day 1.

 

[aerius]

So you must think Trump was REALLY stupid with the inflation shit- he said it would be solved on day 1.

My opinion on Trump has been stated ad nauseam - he's not fit to run a hot dog stand, nevermind a country. I don't care what that real estate shitbag says, he's not going to save America and anyone who thinks he will is stupid. The only good thing I can say about him is he somehow manages to suck less than his opponents.

However, none of that changes the fact that it takes 12-18 months for federal fiscal policies to have an effect on the CPI. The US economy is like a giant ship, it doesn't change direction overnight. Screaming about the price of eggs or a hot CPI print at this stage and going "Trump inflation bad!!!" is just cringy outrage bait.