But, hey, remember, the Inflation Reduction Act is going help climate!
Weird that these tweets on the IRA never mention it reducing inflation https://t.co/vdJPBQ7TDh
— William Teach2 ??????? #refuseresist (@WTeach2) October 12, 2022
None of the other tweets mention the IRA bringing down inflation, cost off food, etc
Food prices surged in September, propelling the producer price inflation gauge higher than expected.
The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.
Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.
- Fresh and dried vegetables: up 15.7 percent for the month and 40.2 percent for the year.
- Grains: up 10.7 percent for the month and 30.4 percent for the year.
- Fresh eggs: up 16.7 percent for the month and 97.3 percent for the year.
- Bakery products: up 0.8 percent for the month and 14.0 percent for the year.
- Pasta: up 1.1 percent for the month and 34.1 percent for the year.
- Processed fruits and vegetables: up 2.6 percent for the month and 16.0 percent for the year.
- Dairy products: down 1.6 percent for the month but up 18.2 percent for the year.
- Fresh fruits and melons: down 1.2 percent for the month but up 20.7 percent for the year.
- Turkey: up 0.5 percent for the month and 38.2 percent for the year.
Not all food prices are soaring. Beef and veal prices fell for the second consecutive month and are down 23.0 percent. Fresh chicken prices fell 3.7 percent but remain 4.6 percent higher than the year ago level. Shortening and cooking oils fell 1.9 percent but are still up 12.4 percent from the year ago level.
Democrats like to yammer about “food deserts”, areas where people cannot easily get affordable, healthy foods like fruits and veggies. They’re trying to turn everywhere into one. Should make Thanksgiving dinner fun
(CNN) Just 22% of Americans rate economic conditions in the country as good, with 41% calling conditions somewhat poor, and another 37% saying they’re very poor. The percentage saying conditions are good is a slight uptick from 18% this summer. The public’s short-term outlook is somewhat more positive, with 40% expecting that economic conditions in the country will be good a year from now, and only 26% expecting them to remain very poor. That optimism is driven mostly by Democrats, 63% of whom expect economic conditions to improve to that level by next year. Most independents and Republicans, by contrast, expect conditions to remain poor over that time.
That does not bode well for Democrats in the mid-terms.
Biden’s ratings for dealing with economic issues, while improved from CNN’s last survey, remain lower than his approval rating overall. Just 32% of the public approves of his handling of inflation (up from 25% in summer) and 36% of his handling of the economy as a whole (up from 30%). Roughly 4 in 10 Americans currently approve of Biden’s handling of gun policy (37%), immigration (38%), helping the middle class (41%) or foreign affairs (42%), with a 55% majority approving of the way he’s handled the Covid-19 pandemic.
There’s a lot more bad news in that poll on a range of other issues, but, this is about the economy. And people see this every day when they go to the grocery store.
Read: Good News: Bidenflation Driving Cost Of Veggies Even Higher »