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White House says CPI is unacceptably high and "out of date"www.whitehouse.gov/briefing-room/statements-releases/2022/07/13/president-biden-statement-on-cpi-inflation-in-june/
155 sats \ 6 comments \ @Majjin 13 Jul 2022 bitcoin
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30 sats \ 2 replies \ @Majjin OP 13 Jul 2022
From the White House:
While today’s headline inflation reading is unacceptably high, it is also out-of-date. Energy alone comprised nearly half of the monthly increase in inflation. Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, that have reduced the price at the pump by about 40 cents since mid-June.
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0 sats \ 0 replies \ @Spartan 13 Jul 2022
Well that is how it works. CPI is a trailing indicator, if those things are truly better then we will see it next month.
Can't just wish these things away.
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0 sats \ 0 replies \ @nerd2ninja 13 Jul 2022
"Don't worry it'll go down" again and again and again. Yet it keeps going up
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0 sats \ 0 replies \ @bobby 13 Jul 2022
aka: we didn’t fudge our numbers well enough 🙄
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0 sats \ 0 replies \ @tosky 13 Jul 2022
They are so afraid, arent they?
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0 sats \ 0 replies \ @KingZing 13 Jul 2022
Meh none of the prediction really matters until russia invasion situation clears up
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