The other context is that wages are up by 13% since Biden took office.

So yes, purchasing power has been eroded (that tends to happen during inflation), but not by nearly as much as the 17% inflation rate. Plus Joe started his presidency at the tail end of the covid spike in weekly earnings (driven by more low paid workers being laid off during the pandemic than high paid workers which increased wages due to "mix") which provides a headwind in his wage growth calc.

The other context is that the 17% inflation is a function of a) pandemic supply chain disruptions, and b) drunk and disorderly government spending. No one is really to blame for "a", but Trump shares AT LEAST as much blame for "b" as Joe.

(In response to this post by Hoodafan)

Posted: 12/12/2023 at 2:43PM

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Where are the “Thanks Joe” mouthpieces? (link) -- JMHoo 12/12/2023 1:42PM

Hmmm. After reading that, I am terrified to check the markets. -- Shenhoo 12/12/2023 2:30PM

It's a dishonest, cherrypicking account. But you knew that. Let's do a -- TomGlansAski 12/12/2023 2:23PM

I honestly don't think he does know it. -- Shenhoo 12/12/2023 2:31PM

Just filled up for $2.69 gallon. Thanks Joe! ** -- 757 12/12/2023 2:01PM

It was a good report. Stick to your analysis of risk disclosures in -- BocaHoo91 12/12/2023 1:51PM

We’re reading real news instead of ClownHall bullshit. Real news that tells -- SixerHoo 12/12/2023 1:50PM

Let’s see .1% in a month annualized that’s a whopping 1.2%. -- 111Balz 12/12/2023 2:17PM

Now do the critical thinking for the guy that claimed it ticked down a bit. ** -- Hoodafan 12/12/2023 2:22PM

Read Boca’s response below. To simplify for the simple… -- SixerHoo 12/12/2023 2:43PM

"overall inflation ticked down a bit from last month" -- Hoodafan 12/12/2023 2:48PM

The reported “overall inflation number” -- BocaHoo91 12/12/2023 3:04PM

Inflation did not tick down as he claimed, it ticked up. -- Hoodafan 12/12/2023 3:42PM

Are you talking about me? Then go read my post again because that’s -- 111Balz 12/12/2023 4:01PM

He said “ us overall inflation ticked down a bit from last month” -- BocaHoo91 12/12/2023 3:56PM

If he’s still talking about me, that’s not even what I said. ** -- 111Balz 12/12/2023 4:08PM

Never mind, sometimes it’s hard to tell who is throwing his feces at -- 111Balz 12/12/2023 4:10PM

It is precisely what I meant. Are you sure English is your first language? ** -- SixerHoo 12/12/2023 3:45PM

Actually it's not. But that wasn't the problem here. ** -- Hoodafan 12/12/2023 3:46PM

You have lots of problems you don’t seem to be aware of. ** -- SixerHoo 12/12/2023 3:50PM

Precisely. No doubt JM would be mystified at -- Shenhoo 12/12/2023 3:10PM

Once again would you care to explain what that’s not true? -- SixerHoo 12/12/2023 2:53PM

He can’t. He dug a hole. and we all know what he does when he he’s dug -- 111Balz 12/12/2023 3:26PM

The monthly rate was 0.1% which ticked up slightly from last month's -- BocaHoo91 12/12/2023 2:32PM

The only thing I have said is that the rate of inflation has ticked down. -- 111Balz 12/12/2023 2:29PM

Wooooooooooosh. -- Hoodafan 12/12/2023 2:33PM

I am in no mood to watch you dig a hole this afternoon -- 111Balz 12/12/2023 2:42PM

OK Groomer. ** -- Hoodafan 12/12/2023 2:45PM

It ticked down 0.1% overall from October. Care to explain how I’m wrong? -- SixerHoo 12/12/2023 2:25PM

"November the Consumer Price Index registered another 0.1 percent increase" -- Hoodafan 12/12/2023 2:30PM

...which is 5.6% annualized -- not terrible given the dramatic expansion -- TomGlansAski 12/12/2023 2:46PM

The other context is that wages are up by 13% since Biden took office. -- BocaHoo91 12/12/2023 2:43PM

Are you rooting for falling prices? Serious question. ** -- 81_Hokie 12/12/2023 1:48PM