Updated

Updated · FITSNews · Jul 31

Home of the Brave Launches $2.5 Million Anti-Trump Billboard Campaign as Inflation Hits 3.5%

Updated

Updated · FITSNews · Jul 31

Home of the Brave Launches $2.5 Million Anti-Trump Billboard Campaign as Inflation Hits 3.5%

Q: As a multimillion-dollar campaign highlights soaring costs, could the recent dip in monthly inflation prove this sticker shock is finally ending?

Not yet. The June data suggest the worst of the recent inflation spike may have passed, but they do not show that sticker shock is over. The clearest relief came from energy. Consumer prices fell 0.4% in June from May, the biggest monthly drop in more than six years, helped by a 5.7% monthly decline in the energy index. That pulled annual CPI down to 3.5% from 4.2% in May. Core inflation, which strips out food and energy, was flat in June and slowed to 2.6% year over year, a sign that some underlying price pressure eased as well. But households are still seeing high prices in many day-to-day categories. Energy prices remain up 15.7% from a year earlier, gasoline is still roughly 26.7% higher, food is up 3.0%, airfare 26.5%, lodging 4.8% and restaurant prices 3.4%. Producer-price data also show pipeline pressures remain elevated, with core wholesale inflation still above the Federal Reserve’s target-consistent pace. That means June looks more like temporary relief than a clean end to inflation. Economists and Fed officials have warned that one softer month is not enough, especially because much of the improvement came from lower oil and fuel prices after a brief easing in Middle East tensions. Since then, gas prices have stayed near $4 a gallon nationally, showing how quickly energy-driven relief can fade. So the billboard campaign’s argument about affordability still broadly fits the data, even if June offered a break. Sticker shock may be easing, but it has not ended.

1 articles · Updated · FITSNews · Jul 31

$2.5 million in billboards are going up nationwide under Home of the Brave’s “Sticker Shock Summer” campaign, targeting Trump over higher airfare, gas and grocery prices ahead of the midterm elections.
The group says the price surge stems from Trump administration policies, with former Trump deputy press secretary Sarah Matthews arguing elevated energy costs are not random but policy-driven.
Bureau of Labor Statistics data cited in the campaign showed consumer prices up 3.5% from a year earlier, with energy prices surging 15.7% — well above the Federal Reserve’s 2% inflation target.
That inflation pressure has coincided with slower growth: second-quarter GDP expanded at a 1.5% annual rate, down from 2.1% in the first quarter, sharpening the political risk for Republicans three months before voting.

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FITSNews84d ago

Home of the Brave Launches $2.5M Billboard Campaign Against Trump Over Soaring Prices

As a multimillion-dollar campaign highlights soaring costs, could the recent dip in monthly inflation prove this sticker shock is finally ending?

With GDP slowing and travel costs surging, are these new billboard warnings a sign of a deeper economic crisis ahead?

Airfares skyrocketed 26.5% this summer, but with inflation showing mixed signals, what is the real story behind your shrinking wallet?

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1 total

Right100%

FITSNews84d ago

Home of the Brave Launches $2.5M Billboard Campaign Against Trump Over Soaring Prices

Home of the Brave Launches $2.5 Million Anti-Trump Billboard Campaign as Inflation Hits 3.5%

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