This so-called “low” inflation number is a total joke. While they brag about 2.4%, Americans are getting slammed with reckless hikes in gas, insurance, food, rent, and healthcare. The basics keep getting more expensive every damn day, and no one’s doing enough to fix it. Enough is enough.
While May CPI inflation was 2.4%, inflation is much higher in many basic necessities:
1. Utility Gas Inflation: +15.3%
2. Car Insurance Inflation: +7.0%
3. Meat and Eggs Inflation: +6.1%
4. Car Repair Inflation: +5.1%
5. Electricity Inflation: +4.5%
6. Homeowner Inflation: +4.2%…— The Kobeissi Letter (@KobeissiLetter) June 11, 2025
While the Trump Administration wastes time negotiating cosmetic trade deals, the underlying economic problems Trump was elected to solve will get worse. As budget deficits soar, the dollar will tank, sending oil prices and the CPI to levels that will surpass the Biden highs.
— Peter Schiff (@PeterSchiff) June 11, 2025