Cost of living, rising inflation

[Anonymous]

A bunch of states in the US are sending out cheques to cope with inflation.



These state-level stimulus checks and tax refunds come after the federal government pumped in billions of dollars in the form of COVID-19 relief assistance in the past years. According to Christina Herrin from the nonprofit Citizens Against Government Waste (CAGW), stimulus checks by states are a "fruitless attempt to combat inflation."

dumb, dumb, dumb idea

[Anonymous]

Owning and operating a new vehicle has become increasingly more expensive over the past year, driven predominantly by inflation and rising fuel prices, according to AAA's annual "Your Driving Costs" report.



The overall average cost to own and operate a new automobile in 2022 is $10,728 on an annual basis, or $894 per month; that's a considerable increase from 2021, when owning a new car cost $9,666 annually, or $805.50 per month, according to AAA.



That marks a nearly 11 percent increase from last year.

[Oerdin]

Hopefully, my father in law who farms rakes in the cash!!!!

Does he grow wheat or sunflowers?  Also, his costs probably went way up due to fuel and fertilizer cost increases.

[Oerdin]

The median price of a new car now over $48,000.



https://www.prnewswire.com/news-releases/new-vehicle-prices-set-record-in-july-2022-according-to-kelley-blue-book-as-inventory-improves-year-over-year-and-luxury-share-remains-elevated-301603225.html">https://www.prnewswire.com/news-release ... 03225.html">https://www.prnewswire.com/news-releases/new-vehicle-prices-set-record-in-july-2022-according-to-kelley-blue-book-as-inventory-improves-year-over-year-and-luxury-share-remains-elevated-301603225.html

[Anonymous]

The median price of a new car now over $48,000.



https://www.prnewswire.com/news-releases/new-vehicle-prices-set-record-in-july-2022-according-to-kelley-blue-book-as-inventory-improves-year-over-year-and-luxury-share-remains-elevated-301603225.html">https://www.prnewswire.com/news-release ... 03225.html">https://www.prnewswire.com/news-releases/new-vehicle-prices-set-record-in-july-2022-according-to-kelley-blue-book-as-inventory-improves-year-over-year-and-luxury-share-remains-elevated-301603225.html

We didn't pay that much for my Sentra.

[Lokmar]

Hopefully, my father in law who farms rakes in the cash!!!!

Does he grow wheat or sunflowers?  Also, his costs probably went way up due to fuel and fertilizer cost increases.

Corn and soybeans. He's stored a bunch of corn and he sold high. I dont know about the beans. Anhydrous ammonia has doubled.

[Anonymous]

Hopefully, my father in law who farms rakes in the cash!!!!

Does he grow wheat or sunflowers?  Also, his costs probably went way up due to fuel and fertilizer cost increases.

Herman has a farm. I don't know what he grows or raises. He said his costs are soaring.

[Anonymous]

69 per cent expect higher prices for school supplies/books due to supply chain issues.

[Anonymous]

69 per cent expect higher prices for school supplies/books due to supply chain issues.

I'm sure of it.

[Anonymous]

This is an irresponsible vote buying gimmick that exacerbates insflation.



Millions of dollars in child tax relief checks will soon be distributed across New York state in the coming weeks, Gov. Kathy Hochul's office announced.



Her office said the checks will arrive by the end of October, coming just days before the midterm elections. The Democrat governor is up for reelection against GOP challenger Rep. Lee Zeldin (R-N.Y.).



The governor's office claimed the new payments are part of an "ongoing effort to combat inflation and improve affordability" although some critics have said that stimulus checks will likely exacerbate inflation, which is running at near-historic highs. Data released by the federal government shows the Consumer Price Index remained high at 8.5 percent year-over-year in July, while it hit 9.1 percent in June.

[Anonymous]

The U.S. inflation rate cooled slightly to 8.3 per cent last month, down for the second month in a row after hitting a 40-year high of 9.1 per cent in June, the U.S. Bureau of Labour Statistics reported.



While the decline was expected, it didn't go down by as much as economists thought it would, and that's largely because the price of many goods and services continues to increase at a breathtaking pace.



Food prices have increased by 11.4 per cent in the past 12 months. That's the fastest pace of increase for that category since 1979.



And while gasoline prices have come down steadily for 10 weeks in a row after spiking in the early days of the conflict in Ukraine, energy costs are still sharply higher than what they were this time last year.

[Anonymous]

The U.S. inflation rate cooled slightly to 8.3 per cent last month, down for the second month in a row after hitting a 40-year high of 9.1 per cent in June, the U.S. Bureau of Labour Statistics reported.



While the decline was expected, it didn't go down by as much as economists thought it would, and that's largely because the price of many goods and services continues to increase at a breathtaking pace.



Food prices have increased by 11.4 per cent in the past 12 months. That's the fastest pace of increase for that category since 1979.



And while gasoline prices have come down steadily for 10 weeks in a row after spiking in the early days of the conflict in Ukraine, energy costs are still sharply higher than what they were this time last year.

Gasoline is cheaper in Canada, but nothing else is.

[Anonymous]

White House press secretary Karine Jean-Pierre was tripped up Tuesday over how the Inflation Reduction Act will accomplish inflation reduction.



Earlier in the day, the Bureau of Labor Statistics published the consumer price index for August, showing a 0.1% inflation increase from July, a worrying sign, especially amid dropping gas prices. The figures showed inflation grew 8.3% year over year.



Even worse, so-called "core inflation" — which excludes food and energy costs — grew 0.6% from July.



"What exactly would the Inflation Reduction Act do to reduce inflation in the short term?" the reporter asked.



The lay-up question, however, proved difficult for Jean-Pierre, who stumbled and was unable to give a substantive answer.

[Frood]

The U.S. inflation rate cooled slightly to 8.3 per cent last month, down for the second month in a row after hitting a 40-year high of 9.1 per cent in June, the U.S. Bureau of Labour Statistics reported.



While the decline was expected, it didn't go down by as much as economists thought it would, and that's largely because the price of many goods and services continues to increase at a breathtaking pace.



Food prices have increased by 11.4 per cent in the past 12 months. That's the fastest pace of increase for that category since 1979.



And while gasoline prices have come down steadily for 10 weeks in a row after spiking in the early days of the conflict in Ukraine, energy costs are still sharply higher than what they were this time last year.

Gasoline is cheaper in Canada, but nothing else is.

If you can fill up your tank and multiple jerry cans for a super extended drive away from any population centres, it will be the best and cheapest investment you've ever made.

[Oerdin]

And they print up even more money to pay for the stimulus checks which will make inflation even worse. But the inflation won't hit until after the election so hey give them more free money so they vote for us in the meantime. Let them deal with five dollars a loaf afterwards.

Printing money across developed countries created inflation. Justine wants to fight inflation with the same shit that caused it. Progs are nuts.

Dems have done the exact same horse shit here.