(Crankers) Consumer prices being UP is not a good thing. Getting yourself up without viagra, now that’s a good thing – but when it comes to consumer prices, we need them to be DOWN. The business news article on CNBC said consumer prices are up 3.5% since last March, much more than the analysts expected. This means you’re paying more for the same products and, you guessed it, no one is happy with that result.
This is just more bad news for President Joe Biden and his failed White House full of diversity hire clowns that can’t get anything good done for America. It’s like one big failed DEI hire after another. But that’s besides the point. We’re talking about your wallet and how you’re paying MORE money for the same products as last year and that’s NOT a good thing. CNBC’s business report said:
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level. Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%.
I guess the consumer price index increasing faster than expected could cause more inflation and get rid of any chances that the Federal Reserve can cut interest rates. And, as you can see for yourself, the interest rates are the biggest problem in this country. Interest rates should be 1% for everything. You want to know why? Because if school loans, cars, homes, and credit cards had a 1% interest rate – then we’d be able to pay things off much faster. Instead, the interest rates on just about everything are at criminal levels. Whoever decides the interest rates should get thrown in jail for ripping off Americans. That’s just my opinion, though. But I think you’d probably agree with it.