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.
Yep, Trump’s policies are so awful it only took 10 days to undo the progress made in the previous 20.
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.
And what happened after he left office? Was there a surprise reveal?
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
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.
I wouldnt be surprised if foreign investors in US Bonds were dropping that shit like it was radioactive.
Shocked pikachu face
Unexpectedly? LMAO
Unexpected by whom?
Republican voters
Dumb people doing dumb things
When will we start seeing stickers at gas pumps and at grocery’s saying “Trump did this”.
How about flags saying “Let’s Go Eric” as an answer to all the let’s go Brandon flags
Mine were delivered about 2 weeks ago, so that I’d have them ready. I got them from a store on Etsy.
Let’s go Felon!
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.
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.
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?
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
Love this
This is the top comment on my screen and it’s perfect.
That’s unfortunate, BBC misspelled “predictably.”
Is this the same people who couldn’t think Brexit was bad for their economy?
it misspelled “more than expected”
don’t only read headlines
Don’t tell me what to do
Where’s that sliced cheese 1ady when you need her?
She calls out shrinkflation, but doesn’t understand what it is or that capitalists are at fault.
Are you saying there’s only 63 slices of American Cheese!?
Good job Homer! You avoided blindness by only a single slice.
I would rather have 64 slices of American Cheese.
Unexpectedly?
Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad
So, tarrifs have impact after all?
I buy steel products and the domestic prices are already increasing. Defeats the point of buying here vs importing. 🤷♀️
Yeah that’s because the U.S. doesn’t have the production capacity to support its steel demands. We import something like 20% of the steel we use, and it’s mostly from our neighbors, which these fucking dumbasses are pissing off for zero benefit.
His rationale is to slowly bring that production back to the US. Can the US even make enough steel to meet its demand domestically?
The theory is that it’ll hurt for 5 to 10 years but be economically beneficial in the long run.
He doesn’t have rationale.
He could just pass laws to require more steel production, even subsidise it, which would work faster and not be painful, but that kind of planning and forward thinking are beyond a conservative.
Biden took a protectionist action by blocking a Japanese company’s purchase of a major US Steel company. Trump took further protectionist action by tariffing foreign steel.
Now both of those may have backfired because the market manipulation prevented outside investors from modernizing US steel production facilities, and protective tariffs by definition raise prices.
In effect it is less competition and crappier product for US consumers.
Trump’s fine with that as far as his gold reserves are going to skyrocket in value. That’s maybe one of the reasons why he wants these tariffs so bad in the first place.
(Get precious metals asap, btw.)
