This is a Louisiana news story, published by tippinsights, that relates primarily to Biden news.
For more Louisiana news, you can click here:
more Louisiana newsFor more Biden news, you can click here:
more Biden newsFor more inflation news, you can click here:
more inflation newsFor more news from tippinsights, you can click here:
more news from tippinsightsOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about
more inflation. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest persistent inflation news, high inflation news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
inflation concernstippinsights
•85% Informative
Inflation has cost the average Louisiana family $ 22,166 since President Biden took office.
Under Biden , the federal debt has increased by $6.9 trillion .
The Federal Reserve printed money out of nothing to finance his spending spree.
The increased money supply without a corresponding increase in goods and services reduced the value of each dollar, leading to high inflation.
After adjusting for seasonality, the Consumer Price Index (CPI) stayed stable, with a 0.0% increase between April 2024 and May 2024 .
Food prices increased by 0.1% , energy prices declined by 2.0% , and core prices (all items except food and energy) increased 0.2% .
The "base effect" creates the illusion of improvement, making it seem as though the decrease in inflation rate from 3.4% in April to 3.3% in May is an improvement.
Real weekly wages, measured year-over-year, showed negative readings for 26 out of the 40 months during the Biden presidency from February 2021 to May 2024 .
The measure has posted positive readings for 12 months , from June 2023 to June 2024 .
As a result of inflation, Americans are cutting back on household spending.
VR Score
90
Informative language
92
Neutral language
32
Article tone
formal
Language
English
Language complexity
36
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
14
Source diversity
11
Affiliate links
no affiliate links