NBC LIES, DECLARES “INFLATION FELL” After Inflation Comes In HIGH, Stock Markets Plummets

These propaganda whores for the most destructive regime in American history are lying, deceiving and shitting all over the American people. The enemedia hates you.

NFLATION HIGH, Rose 8.3% in August, Stock Market TANKS, Falls More than 600 Points

NBC News: Inflation fell slightly to 8.3% in August as pain from higher prices lingers

A majority of Americans surveyed in a recent Gallup poll say inflation has had some impact on their finances.

Inflation was little changed in the month of August, despite efforts by the Federal Reserve to cool off the U.S. economy. Data released Tuesday by the U.S. Bureau of Labor Statistics showed that inflation landed at 8.3% last month compared to one year ago.

Economists surveyed by Bloomberg had forecast an 8.1% annual increase. Prices increased 8.5% in July.

Excluding volatile food and gas prices, inflation climbed 6.3% year-on-year — higher than the consensus estimate for 6.1% and an increase from last month’s 5.9% reading…….

In the real world:

Breitbart News reports:

Two economic figures meant to capture underlying pricing pressures rose sharply in August, indicating that the economy is still experiencing a very high inflation.

The Federal Reserve Bank of Cleveland calculates both median inflation and “16 percent trimmed mean” inflation, measures that exclude outlier moves in prices that counted in the Consumer Price Index to reveal underlying inflationary pressures. Both showed that inflation accelerated in August.

The median Consumer Price Index, which reflects only measures in the center of CPI’s prices changes, rose 0.7 percent compared with the prior month, an acceleration from the 0.5 percent increase recorded in June. The unrounded figure of 0.73789 percent is the highest on record, slightly above the previous record of 0.73078 percent set in June. This is equivalent to an annual rate of inflation of 9.2 percent. That is the highest on record. Compared with a year ago, the median CPI is up 6.7 percent. That is also a record high in data that goes back to 1983. The Cleveland Fed’s trimmed mean inflation gauge excludes the CPI components that show the most extreme monthly price changes. This rose 7,2 percent compared with a year ago, also a record high going back to the early 1980s. Compared with the prior month, this was up 0.6 percent. That was the fourth highest ever, after May and June of this year and October of last year. Both were higher than the figures reported for July.

• Share
• Tweet
• Truth
• Gettr
• Telegram
• LinkedIn
•  
•  
•   

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

• $25.00 here
• $50.00 here
• $75.00 here
• $100.00 here
• $250.00 here

Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding. Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.

Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

Follow Pamela Geller on Gettr. I am there. click here.

Follow Pamela Geller on Trump's social media platform, Truth Social. It's open and free.

Remember, YOU make the work possible. If you can, please contribute to Geller Report.

Join The Conversation. Leave a Comment.

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.

If you would like to join the conversation, but don't have an account, you can sign up for one right here.

If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.