Trumpflation
By 
Congratulations to the voters who chose fascism because BURGER TOO EXPONSIVE:
It’s not just eggs.
Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of 3% for the 12 months that ended in January, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.
Economists were expecting Wednesday’s report to be fairly unexciting, with barely any change from December’s data.
Instead, the January report came in hot pretty much across the board — an unwelcome surprise at a time when the cost of living continues to weigh on Americans, the Federal Reserve is wanting to see inflation slow, and uncertainty is brewing as to how President Donald Trump’s heavy-handed tariffs and other policies could affect prices.
Trump is quickly giving up on the promises that were one of the core issues of his campaign:
President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office.
But three weeks into his term, Mr. Trump and White House officials have become more measured in how they discuss their efforts to tame inflation. They have begun downplaying the likelihood that consumer costs like groceries will decline anytime soon, reflecting the limited power that presidents have to control prices. Those are largely determined by global economic forces.
The shifting tone could allow Mr. Trump to reset expectations about how fast prices will come down as he pursues policies like tariffs and tax cuts, which economists say could exacerbate inflation.
I’m trying to imagine a story during the Biden administration talking about “resetting expectations” about inflation rather than just taking it as self-evident that inflation is a political disaster, but alas nothing but the proverbial loud buzzing noise.