Unexpectedly? By who?
Pretty sure tons of people said that if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit… This was entirely expected. It’s the result we all knew was coming if he took office.
If it were any Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they’re spinning.
If it were any Democrat in office right now, the media would have been pinning the blame harder
If a Democrat were in office inflation wouldn’t have increased.
If a Democrat were in office inflation wouldn’t have increased.
It’s January numbers, a month Biden was in office the majority of.
Trump had already announced his policies. This was the markets pricing in those expectations. It’ll get worse if his tariffs are anything more than empty threats.
Absolutely, the moment he won is when it really started. All industries reacted and changed based on this. My friend works in the renewable energy industry, and basically, all of his projects and contracts dried up by December based off what they knew was coming. He basically does nothing for the foreseeable future except wait or get fired. Surely all this change is already seeing a real impact for January numbers.
Yep, Trump’s policies are so awful it only took 10 days to undo the progress made in the previous 20.
And what happened after he left office? Was there a surprise reveal?
And his idea to fix inflation? Cut interest rates.
Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn’t keep up, there would be a revolution (or at least I’d hope so).
Eggs at $32/dozen. One can only dream.
they Turkish lira lost way more value than that overall. it’s still losing value but at a much slower rate. its value is 1/9th of what it was in 2018 before the first big crisis. and 1/6th of what it was in the height of that crisis.
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
Republicans just took power.
Not unexpected at all.
We hired one of the worst people in the world to lead us. It’s a stretch to call this unexpected.
Exactly.
Hired is a stretch.
This is the top comment on my screen and it’s perfect.
Love this
Unexpectedly?
Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad
What’s unexpected about it? We re-elected a twice impeached anti-democratic felon rapist who utterly failed his last term.
Every American who could rub brain cells together warned this would happen.
Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.
sounds like BBC is doing damage control for mango mussolini.
the “unexpected” part is that the 3% is above the expected 2.9% rate. they’re being coy; the title implies the increase is unexpected while the text shows it’s just a tenth of a point above the rate that was expected.
the editors are not uneducated people. I bet they speak English pretty well. the wording is deliberately misleading.
Dem clicks doe
Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.
Or, the people with 2 brain cells to rub together don’t call for ballot counting like cheerleaders of the dumbfucks do. Missing that 3rd brain cell…
How is this different than putting a “biden did this” sticker on a gas pump?
Why is inflation related to his term? Its fine if it is but can we please make sense with our outrage?
That article is carrying a lot of water for the Trump administration. Nobody knows why prices are going up!
Import tariffs are explicitly inflationary. Even the rhumor of them is arguably inflationary. Lowering the interest rate (which Trump is currently in the midst of bullying the Fed chair into doing ) is also explicitly inflationary.
All of the things he has done that actually pertain to inflation have been to increase it.
Yeah, which is why this is a bad article from the BBC. The headline should be, Trump Causes Inflation.
That article is carrying a lot of water for the Trump administration
Just admit you only read the Headline.
No, I read the article.
Unexpectedly?
Even the Spanish Inquisition was blindsided by this.
Unexpected by whom?
Republican voters
Dumb people doing dumb things
!leopardsatemyface@lemmy.world
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
“If things aren’t good enough, we should make them worse to teach those layabouts a lesson!” - People who have no intention of suffering the consequences of their actions
I’m not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
There’s nothing unexpected about it. Have they not been paying fucking attention to what the Orange Jackass had been doing to is?
It’s probably the BBC’s attempt not to get sued ;)
who ever wrote this article is a total moron. Unexpectedly? noo.
14 years of Conservative government has left the BBC senior ranks full of Tory placeholders and shills.
Unexpectedly by who!?
The people who voted for the authoritarian liar. They are equally shocked at the leopard knawing on their face.
You’re likely vastly overestimating their understanding of inflation. For many of them it came down to “China pays for it!” and they have no further knowledge or insight beyond that.
Yes, China pays for it, just like Mexico paid for the wall 🙄.
Shocked pikachu face
