The result has been price spikes for goods ranging from food and used vehicles to electronics, household furnishings and rental cars. The acceleration of prices, which began after the pandemic hit as Americans stuck at homes flooded factories with orders for goods, has spread to services, from apartment rents and restaurant meals to medical services and entertainment.
Oil prices have been declining modestly and leading, in turn, to slightly lower gasoline prices. A gallon of gas is averaging $3.38, according to AAA, down from $3.42 a month ago. The average cost to heat a home this winter will be an estimated $972, said Mark Wolfe, executive director of the National Energy Assistance Directors Association. That’s less than the $1,056 his group had projected in October, though still higher than the average $888 consumers paid to heat homes last year.
Still, analysts caution that unexpected developments, including heavy winter storms, with potentially increased demand for energy, could send energy prices surging again.
Blame Biden. Not my president. And the worst president ever. Inflation, high gas, a horrible surging pandemic.
DEBATE: 6.8% inflation surge: Is COVID to blame? Join the conversation at 4bnewsworld! inflation stockmarket covid omicron economy
This is all a play for 2022 GOP tactic
This isn't your most responsible reporting....plenty of people have elaborated on why this is misleading. Ethical journalism is becoming a lost art
Here in CA it sores way higher than that.
tates5a TheSentinelNews dannybakewellsr LaNAACPYouth Georgia_NAACP BostonNAACP1911 nhbureau naacp NAACPmpls NAACP_LDF ncnaacp DerrickNAACP BETNews tylerperry tarajiphenson violadavis kerrywashington chrisrock chrisbrown TheRock Ludacris drdre WhoopiGoldberg sunny
🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🤣🖕🏻🖕🏻🖕🏻🖕🏻🤣🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🤣🤣🤣🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🤣🤣🖕🏻🤣🤣🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🤣🤣🖕🏻
Prices jumped JUST .8% in Nov! Total for YEAR is 6.8%. For God’s sake, REPORT THE FACTS! Media is deliberately lying to make Biden look bad! This Administration has the best employment numbers of ANY President in his first year. Record stock market increases & pay increases.
The social media writer needs to read the content before summarizing and sharing.
HAL wants to know when the chickens are returning to the office? This whole Covid induced chicken wing shortage has HAL really stressed out! Go Cocks!
Corporations will always put the squeeze on us when Democrats make moves to help working ppl. This is 1 way for them to claw back the slight uptick in wages & sabotage Biden.
WHY IS EVERYTHING MORE EXPENSIVE?!
is the new chicken little. Yeah, the one who failed ECON 101.
Ok. But, Mein Fuhrer Biden states otherwise. Which one of you is lying?🧐🤔🤣
Go, go, go! Ale, Ale, Ale!
So what your saying is all the people working for $7/hour should quit there jobs and work less then 1 mile away for $20/hour? Cuz I tell everyone that. I'm like 'Why would you work here when you can make triple working a little bit away' Ppl don't care about money just complainin
Inflation is high but gas prices are coming down so odd choice f picture for story. If gas prices continue to ease other prices may ease as well due to reduced price pressure on transportation.
I hope we all know prices aren't magically going down after this. A new consumer price floor is being set before our eyes.
Look at all of you in this comment section protecting Biden lol.
😩😩😩
The economy is coming alive again. ThanksJoe
Breaking news. Not everything is the president‘s responsibility
Bidinflation.
No surprise. It's kinda hard to crank out this many new dollars within 2 years without the exchange-value of each dollar falling significantly. In fact, I'm surprised that we're not seeing prices more-than-double yet.
CORRECTION: Prices rose .8% in November. Not 6.8% as many sources are wrongfully stating. Prices over the *entire past year* are a total of 6.8% higher than when there was no consumer demand due to lockdowns.
U mean .8 %?!!! Maybe we should all cut back on buying a lot of shit we don’t need, anyway… But shame on you for reporting the wrong digits!
Unlike in 1982, this time was a 100% normal and predictable result of a lethal pandemic - just like has happened in every lethal pandemic throughout human history.
I’m not even reading the comments. It’s surely full of idiots who think Biden causes inflation. No president causes inflation. Companies set their prices to keep profit margins, not necessarily because they have go up. What you’re seeing and complaining about is Capitalism
Liars
DanRodricks JasonLaCanfora paulkrugman
It's not inflation, it's rich people just raising prices to make more money
TimKennedyMMA
Couldn't possibly be inflation.
Thinking that 'the Biden Boom', trending previously, left this bit out.
A year ago, prices were dropping like rocks as the economy came to a standstill while the pandemic surged.
Money printing machine go: bbbrrrrrrrrr
Welcome to joe bidens America
The journalists should do journalism and stop posting misleading titles knowing most of their views will read the title without clicking and reading. You manufacture crises, not news.
Lets not forget the price of gas around 2005 was over $4. People are spending instead of saving. They are not in Quarintine so we are out and about.
bidenboom
Yeah shocker, what happened a year earlier that might have caused supply issues? HMMMMMMMM?
Holy shit the amount of people in here auto-defending Biden is beyond hilarious
CORPORATEGREED don't forget to also mention it.
BS they should compare 2019 not 2020 when almost 75% of the population was unemployed. These statics are used to scare people
Liberals trying to explain away inflation is f*cking hilarious. Liberals have never understood economics but this is almost deliberate.
Fossil fuel cartels artificially jacked up prices, to lean on lawmakers. There is no oil shortage. These poisonous cartels want to destroy president Biden’s clean energy agenda at all cost.
I wish housing only went up 6%…
It's not bidens fault
Thanks JoeBiden
Bitcoin is the way
LIE
$3.56 was like 5 years ago here
Profit margin has become a fixed expense & corps are passing that onto consumers due to lack of competition & barriers to entry into most markets.
That's a GLOBAL trend, not just an American one. That part matters in any reasonable conversation about the issue.
Remember this is what Democrats voted for😂
Had to know the pandemic was gonna send the price of everything up. Hence the stimulus
This is SHAMEFUL clickbait and a blatant lie.
I thought Brandon said this wasn’t true
Actually prices increased by 0.6% in November for a 6.8% increase for the year. This headline is disingenuous and misleading.
THANKS JOE!!!!!!!
simply give me a 6.8% stimulus check and we will call it even
yes but don't worry my 3% raise will certainly help me :/
That good ole Biden boom
BidenBoom
Please proofread your info. BEFORE you print it. Now print your correction/retraction.
RIP to whoever thought having all the mouthpieces tweet BIDEN BOOM yesterday was a good idea.
How much did the CEOs make this year? Bet its more than a 6.8% increase
Oh please. Canadians are paying $6.21 per gallon. Don’t talk to me.
Hmmmmm…. Perhaps Hitler’s favorite media outlet (true story) can remind us what was happening a year ago… hmmmmm….
But no more mean tweets
No fucking shit. They was expected.
All due to corporate greed. Don't let them confuse you into hating the 'other party'. It's all the corporate fuckery causing this....
the biden economy is collapsing
Stop spending!
Yet the old left faithful here defending Biden no matter what. It’s ok to hate Trump and hate Biden also. Stop making a tool of yourself by excusing this mess of a administration. Have some self worth and integrity.
FJB
FJB
Seems like rich people are complaining the most While us poors have been dealing with price gouging for years
That was Last month. It certainly doesn't reflect today's prices, at least in the Charlotte NC area.
White House:
As if Trump holds no fault in this situation or that we wouldn’t be experiencing higher inflation if Trump were still in charge - I beg to differ - his mishandling of COVID from day 1 had a Reaganesque trickle down effect 4 future negative variants.
This sounds horrible! I'm retired so I must be really suffering from SOARING inflation.
The greedy folx and corporations in the US are directly responsible, right Charles Koch?
And the talking heads are trying to tell us that the economy is doing great
Gus_802 I don't care who's fault it is, FIX IT!
Gas is $2.95 in Minnesota.
JewWishAshke Not a word about Biden. Senate Dem. Dem control Congress in this headline? And the next the hacks in the media will cry how bad they cover Biden.