Inflation as gauged by the consumer price index rose 8.3% over the past year through August, while retail sales increased 9.3%.
However, excluding autos, sales decreased 0.3% for the month, below the estimate for a 0.1% increase. Excluding autos and gas, sales rose 0.3%.
Sales at motor vehicle and parts dealers led all categories, rising 2.8%, helping to offset the 4.2% decline in gas stations, whose receipts tumbled as prices fell sharply. Online sales also decreased 0.7%, while bar and restaurant sales rose 1.1%.
Revisions to the July numbers pointed to further consumer struggles, with the initially reported unchanged but to a decline of 0.4%.
So the hits just keep on coming, while Biden and gang keep pretending that the economy is strong! However, it is almost as if the Democrats have convinced people that a bad economy is just the new normal. Much like they did during the eight years of Obama. The years of 3% GDP growth were gone forever according to them? Only to see that exact growth rate under Trump.
6 comments:
KansasDem.
If , you are as dumb as Roger and James, you believe Bidenomics is raising income of both the lower and middle Income earners.
Little Petey Buttplug is pissing away $104.6 MILLION to tear down a "racist" highway.
https://finance.yahoo.com/news/buttigieg-awards-big-fed-grant-095213927.html
yay.
KansasDem.
Joe Failure has sold 1.7 Trillion dollar of the Strategic Petroleum Reserve.
Where did that money go?
(* less The Big Guys 10%)
KansasDem.
More good news.
"Industrial production index Aug.
Drops -0.2%"
And Factory utilization dropped.
At a time when the US should be
Manufacturing more we are failing.
Food prices have only begun to rise.
Joe Failure has sold 1.7 Trillion dollar of the Strategic Petroleum Reserve.
Where did that money go?
Now Joey Sprinkles needs to replenish the SPR @ $80/bbl, while the democrats are on the record blocking Trump from adding to it @ $24/bbl.
The destruction of the nation is planned and intentional.
"Industrial production index Aug.
Drops -0.2%"
And Factory utilization dropped.
At a time when the US should be
Manufacturing more we are failing.
Food prices have only begun to rise.
How much will shipping costs rise after Dementia Joe’s deal with the RR unions?
During a stagflation!
Brilliant
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