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Education selectors, pages, etc.
Republicans shocked to learn worldwide inflation affects even conservative-run nations and states.
By Curt_Anderson
July 30, 2022 8:20 am
Category: Education

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Annual U.S. inflation in the first quarter of this year, 2022, averaged just below 8.0% – the 13th-highest rate among the 44 countries examined.

CURRENT INFLATION RATES AMONG CONSERVATIVE GOVERNMENT-RUN COUNTRIES
Russia 15.9%
Poland 15.5%
Romania 15.05%
Lithuania 21%
Latvia 19.3%
Hungary 11.7%
Turkey 54.8%

CURRENT US INFLATION RATE
United States 9.1%

Merchant Maverick’s inaugural report, “The 10 U.S. States Where Inflation Is Hitting Consumers The Hardest,” examined where inflation is rising the fastest, and how much existing factors within a state may contribute to the stress on a household budget. One of the key findings is that inflation is causing prices to rise higher and faster in the South than in the rest of the country, which, combined with generally lower median household incomes, is affecting the region the most.

The top state affected by inflation is Louisiana, the report found, as it is burdened by the highest sales tax rate in the nation and one of the lowest median household incomes. Next comes Florida. The high cost of living relative to other states, substantial sales tax and low median income all have the Sunshine State reeling from inflation, the report noted, adding that South Florida has been especially hard-hit by inflation and particularly housing and gas prices, with cities like Tampa and Miami experiencing drastically higher prices this year over last.




Cited and related links:

  1. pewresearch.org
  2. gobankingrates.com

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Comments on "Republicans shocked to learn worldwide inflation affects even conservative-run nations and states.":

  1. by Donna on July 30, 2022 9:10 am
    That must be wrong, Curt. It runs counter to the Republican narrative.


  2. by HatetheSwamp on July 30, 2022 9:51 am

    Duh.

    All the countries on that list have economies a fraction of the size of the one be damaged for a generation by Team Flatulent Fool.

    Guess why those economies are suffering? The answer is sitting behind the big desk in the Oval Office...

    ...thanks to you.


  3. by Donna on July 30, 2022 10:24 am
    Because Joe Biden responsible for everything bad that happens in the free world, but he's not at all responsible for the good things that happen. That seems fair and balanced.

    Actually I've done some reading on this, and from what I read, US inflation is being caused primarily by artifically increasing demand via COVID relief money as well as decreased supply that resulted from China's COVID shutdown and oil companies pumping and refining less oil. (Btw, gasoline prices have returned to sub-$4/gal here in Tucson) But in Europe, inflation is being caused primarily by the response to Russia's invasion of Ukraine.




  4. by HatetheSwamp on July 30, 2022 10:41 am

    Donna,

    Team Flatulent Fool pumped so $Trillions into the economy. Where's that money supposed to go with so few places to spend it? It goes into higher prices! There's nowhere else for it to go.

    If you took macroeconomics 101, this is a no-brainer.


  5. by Curt_Anderson on July 30, 2022 11:14 am
    We also have low employment and higher wages. Combined with postponed vacations, non-remote work gas prices are up. Pent up demand plus reduced supply equals hogher prices...that would happen with or without Biden. Econ 101.


  6. by Donna on July 30, 2022 12:31 pm
    "Team Flatulent Fool pumped so $Trillions into the economy. Where's that money supposed to go with so few places to spend it? It goes into higher prices! There's nowhere else for it to go." - Hts

    Right. I included that in my last post. Can't you read?


  7. by Curt_Anderson on July 30, 2022 12:45 pm
    "Where's that money supposed to go with so few places to spend it? It goes into higher prices! There's nowhere else for it to go." --HtS

    That's the Yogi Berra school of economics. The legendary Yankee catcher and philosopher once said of a restaurant, "nobody goes there anymore; it's too crowded."


  8. by oldedude on July 30, 2022 2:02 pm
    And my point has been that it could have been much easier on Americans had he not precursed with stopping 97% of our domestic oil production. His Liberal World Order puppet masters (and their thousands of lying friends that still support him) are using the Marxist means to make this country a third world shthole. Obomber was close, but he could put us over.


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