Tornado Alley (PROG)

[blackhawks]

Flat out,,,the reason the poll numbers for Biden on the economy isn't just inflation, it forced those creeping price hikes over the decades to finally become unbearable......Big point missed by most and ignored by dems...

Confusing messaging from you again. 'Not just'.......'it forced......'.

Biden has nothing to do with Walmart's wages for its employees and the combination of the Fed and Biden's policies has brought inflation down, way down. If the number projections below are accurate and IF Trump wins you know that he and Republicans would take credit for the trend, just as he did with the economy Obama handed off.

https://www.plan.be/databases/17-en-consumer_price_index_inflation_forecasts#:~:text=On%20the%20basis%20of%20these,2023%20and%209.59%25%20in%202022.

Consumer Price Index - Inflation forecasts [05/03/2024]

The inflation forecasts from March 2024 until the end of 2025 produced by the Federal Planning Bureau are based on observations until February 2024 from Statbel. These forecasts take into account the futures quotes of 26 February 2024. The oil price should amount to 81 dollars per barrel in 2024 and 76 dollars per barrel in 2025. The exchange rate of the euro should be 1.09 dollar per euro in 2024 and 1.11 dollar per euro in 2025.

On the basis of these inflation forecasts, average consumer price inflation should be 3.0% in 2024 and 1.8% in 2025, compared to 4.06% in 2023 and 9.59% in 2022. The average growth rate of the so-called 'health price index', which is used for the price indexation of wages, social benefits and house-rent, should be 3.1% in 2024 and 1.9% in 2025, compared to 4.33% in 2023 and 9.25% in 2022.

In October 2023, the pivotal index for social benefits and public sector wages was last reached. According to our monthly forecasts for the 'health price index', the two following pivotal indices should be exceeded in 2024 and 2025.