ABC News’ Trevor Ault reports on the latest government inflation report, which shows prices are up 8.3% compared to a year ago, with gas prices up 43.6% over the same period.
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Biden says US farmers can help in inflation fight as food prices continue to soar: https://abcn.ws/39W50U5
#ABCNews #Inflation #GasPrices
Original source (ABC/Youtube)
Hard Core Events ! Calling For the Mass Financing Of Public Private Partnership For Transport Across North America ! My Creative Theories Best At This Point In Time !
Good News is that Eye Love You. Calling for an immediate ceasefire !
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Need gas for your vehicles or to heat your home? βBUY CHINESE BATTERY POWERED TRASH!β
Fuel being sent overseas now food and more money π°. Thanks democrats mighty fine job.
You people voted for this idiot.
Thanks to the democratic party π₯³
Inflation, rampant crime, high gas prices, a mess at the border , the Afghanistan debacle, and on and on and on. Thank you Joe biden! And at least we don't have any more mean tweets! Oh and don't forget no baby formula is available!
Thanks news for telling us what we already know and experience on the daily. You guys deserve a raise for the information that you bring to us
Thanks news for telling us what we already know and experience on the daily. You guys deserve a raise for the information that you bring to us
We think we have hit peak inflation but energy and food continues to rise.
Ok…
I BLAME BIDEN VOTERS
The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly..
This is all biden and demorats for you. This is their inflation.
Hope youβre happy democratsπ Beautiful job so far. Well doneππΌππΌππΌ
The price for a roundtrip flight from
Orlando to Los Angeles are super expensive for May and June. More than $600 on major airlines.
We havenβt hit the peak. Next month it will be over 8.5 because of the gas prices now. The only reason why it went slightly down was because gas prices dropped slightly. Energy is the reason for inflation.
Itβs crazy to think one vote can do so much damage.. Afghanistan withdraw, southern boarder, inflation, shortages. 1m Covid deaths.. baby formula shortages wow just wow
What I think we may see in the next couple of months is a shift from risk-off stocks to more risk-on stocks (and other asset classes as well), as the market becomes more comfortable with inflation. The flow of liquidity towards risk will most likely result in the removal of money from the "safer" plays in the market, or the "hideaways" (j&j, proctor and gamble for example) and big tech, resulting in big drops from the stocks that have held up well, and rallies in riskier assets as money rushes in.
Thanks Biden! =D
The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly..
Build back better plan lol π FJB letβs go Brandon
just try again to spin this crap biden has brought to us. kill the keystone but give russia a pass on one.
Thanks news for telling us what we already know and experience on the daily. You guys deserve a raise for the information that you bring to us
Gas prices rise as the price of a barrel of oil drops. That's not inflation. That's price gouging.
Simple democratic solution to inflation…..hire a black woman to handle it.
Fake numbers!
Did he say inflation is easing lol what world is he in!
Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings, to build generational wealth and to cultivate good habit and financial knowledge.
On March 27, 2020 Trump signed the $3.8 Trillion Corona Virus Aid and Relief Economic Security (Act). The C.A.R.E.S. Act. All of it was unearned printed paper or fiat money. President Biden signed the $1.9 Trillion Economic Recovery Stimulus Act in 2021. Again, all was unearned printed paper fiat money. And lets not forget that both Republicans and Democrats in Congress both approved these bills before that were signed into law. A total of $5.7 Trillion of unearned and unborrowed fiat money, in a year, pumped into the economy to get the US trough the worst of the pandemic. So… Trump is responsible for approximately 2/3βs of our current inflation, and Biden approximately 1/3βd.
All the non fiat money price increase occurring since then are the result of supply and demand issues mostly, but not entirely, brought on by the Covid pandemic. The lack of smooth predictable distribution of goods due to the truck driver shortage (long in the making before the pandemic) are supply and demand related, NOT inflation related. Separate Inflation, the devaluation of each dollar by printing more unearned dollars, from price increases due to supply and demand.
Also, the current invasion of Ukraine by Russia (Russia being the largest producer of oil in the world) and related possible sanctions of Russia, are responsible for the some of the increase in gas pump prices. Since Russia invaded Ukraine we can expect $5+ gasoline until the Ukrainians patriots prevail, which is looking probable.
Additionally. The Federal Reserve is raising interest rates to blunt inflation. Historically, a 5% Prime Rate is a sign of a healthy economy. A 0% or 1% Prime Rate is a sign of a sick economy.
Freedom isnβt free now is it?
All countries have access to the same gas prices in the international market. As of May 9, 2022, the price of one gallon of gasoline in: Hong Kong – $10.96; Norway β $9.23; Germany β $8.14; Kazakhstan β $1.78; Libya β $0.11; Venezuela β $0.08.
On April 29, 2022, Exxon Mobil Corporation announced estimated first-quarter 2022 earnings of $5.5 billion, or $1.28 per share. Chevron Corporation reported earnings of $6.3 billion ($3.22 per share – diluted) for first quarter 2022. On May 4, 2022, Shell Oil Corporation announced profits of $9.1 billion for the first quarter of 2022, the biggest since 2008.
Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings, to build generational wealth and to cultivate good habit and financial knowledge.
its going to get worse. and its all the fault of this federal governments communist policies.
Why do people ignore the fact that high inflation is affecting the rest of the world, not just the U.S.
Thanks news for telling us what we already know and experience on the daily. You guys deserve a raise for the information that you bring to us
Everyone here needs to bend over and take it. We protest and weβre called radical. Tho isnβt America this is slavery
Why do people ignore the fact that high inflation is affecting the rest of the world, not just the U.S.
Putin inflation
Nazis Ukrainian already buried.