Consumer Price Index Reports Inflation Beat Expectations in January...But Not in a Good Way

Nick Kangadis | February 14, 2023
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Whether it’s President Joe Biden or some other puppet from his menagerie of fools, they love to twist and tout numbers in order to make their actions — or sometimes lack thereof — look better than they actually are in the eyes of the electorate. But when the numbers are so bad that there’s no covering it up, they all of a sudden become oddly silent.

The consumer price index report was released Tuesday, and the numbers beat expectations — but not in a good way.

According to CNBC’s “Key Points”:

  • Inflation rose in January by 0.5% following a 0.1% increase in December, according to the consumer price index report released Tuesday.
  • The CPI was up 6.4% from the same period in 2022. Both numbers were higher than expected.
  • Across-the-board increases in shelter, food and energy boosted the index after inflation had shown signs of receding in recent months.
  • “Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago.

Related: What's Joe Accomplished In Two Years? Americans Say, Not Much

The report noted that shelter costs comprised the largest portion of increase in January, rising “0.7 percent on the month and was up 7.9 percent from a year ago.” Energy was up, real pay for workers was down, hourly earnings are down.

Not all the news from the report was bad, as CNBC also reported:

There was some good news in the report. Medical care services fell 0.7%, airline fares were down 2.1% and used vehicle prices dropped 1.9%, according to seasonally adjusted prices. Egg prices, however, rose 8.5% and are up a stunning 70.1% over the past year.

Did you see that? Even in reporting what could be gleaned from the report as good news, it still came back around to a giant pile of awful.

And yes, you read that correctly. Eggs are up over 70 percent over the last year or so.

The Biden regime can push whatever narrative they’d like. It’s their government to run. However, one thing they can’t do is minimize the effects of the actions of a chosen few.


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