Yesterday's CPI report found inflation is wiping out wage gains.
Today's PPI report confirms wholesale inflation has seen its highest increase in 4 years.
Food, gas, and shelter costs are skyrocketing, fueled by Trump's unilateral decision to wage war.
Trump said this week he doesn't "think about Americans' financial situation."
Inflation has now eaten through a full year of wage gains. Jet fuel alone is up 103.8% over the past year.
Working families are thinking about their financial situation every single day.
Jet fuel is up 103.8% over the past year, & diesel is up 73.8%. Wholesale inflation now at its highest in three years.
Trump says he doesn't "think about Americans' financial situation."
@owenslindsay1 calls it: a "brutal picture for working families heading into summer."
Do Americans actually want a more painstaking and inaccessible economy in which every consumer needs an AI proxy to negotiate against corporate algorithms?
The answer, unsurprisingly, is no.
"The pain isn't over. It's just beginning," warns @groundwork in response to latest PPI numbers.
Yesterday: consumer inflation came in at a 3-year high.
Today: wholesale inflation surged 6% year-over-year.
Wholesale costs are what companies pay before they jack up prices on the rest of us.
What's in the pipeline now is headed straight for your grocery bill & gas tank.
We need to be thinking bigger
“I don't think about Americans' financial situation” - President Trump.
The sky is blue and water is wet.
Nice of him to say it out loud though.
Trump on Iran War:
Reporter: What extent are Americans’ financial situation motivating you to make a deal?
Trump: Not even a little bit. I don't think about Americans’ financial situation
The @ProgressChamber, funded by Big Tech, launched a campaign claiming surveillance pricing regulation would hurt families by taking away their coupons.
Translation: Let us quietly gouge consumers when our algorithm says so or we'll charge them more every time.
Corporate pricing schemes have been so successful at gouging American consumers, the practice is going global.
No shopper wants to be a guinea pig in a never-ending corporate pricing experiment, @owenslindsay1 writes for @TorontoStar.
thought i was colorblind there for a second
Families paid more in April for essentials like food, housing, and electricity – with inflation outpacing wage growth.
Trump’s failed economic policies aren’t just raising costs, they’re shrinking families’ paychecks.
Kind of incredible to watch Adam’s tech money backed shop just get hosed on this over and over again, until you realize this is an 80-20 issue and their biggest attack line is that (wait for it) we prefer widely available discounts rather than precious ones.
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%
And wages? Up 0.2%.
Every day the war continues, prices climb higher & will stay there for months after it ends, says @AlexSJacquez in our new statement.
Price changes over last year (April CPI report)
Fuel Oil: +54.3%
Gasoline: +28.4%
Electricity: +6.1%
Transportation: +4.3%
Apparel: +4.2%
Overall CPI: +3.8%
Food away from home: +3.6%
Shelter: +3.3%
Medical Care: +3.2%
Gas Utilities: +3.0%
Food at home: +2.9%
New Cars: +0.2%
Used
NEW: Inflation just hit a 3-year high.
Gas prices are ~$4.50 per gallon.
Trump's tariffs continue to drive up the cost of groceries and essentials.
And every day his reckless war continues, prices climb higher.
