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Drudge Retort: The Other Side of the News
Tuesday, August 09, 2022

In what may be a sign that inflation is easing, Adobe Digital Price Index reports that online prices of consumer goods fell 2% during the month of July compared to June and is down 1% year over year.

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Things have been looking for the Dem's hopes in November. Polls have shown inflation to be the top national issue. If prices are coming under control then that takes away the GOP's biggest talking point.
That reminds me of this time last year when they were hammering democrats on the backup at ports. You never hear anything about that anymore.

#1 | Posted by johnny_hotsauce at 2022-08-09 02:54 PM | Reply

Thanks Putin!

#2 | Posted by visitor_ at 2022-08-09 04:18 PM | Reply

They are because there is now a glut of goods in the chain of most major retailers.

#3 | Posted by GalaxiePete at 2022-08-09 05:44 PM | Reply

Gas prices down another 10 cent a gallon at my nearest station today.

#4 | Posted by LegallyYourDead at 2022-08-09 05:47 PM | Reply

Price drops as demand drops. Americans in general canceled vacations, Airlines canceled entire destinations and in general, Americans are running out of money and spending it on what they absolutely must have.

#5 | Posted by lfthndthrds at 2022-08-09 06:43 PM | Reply | Funny: 1

The local Chevron here in SoCal has dropped the price of regular $1.20 since their high about six weeks ago. Even COSTCO is down a dollar over that same period. That has got to start to help businesses and people having to make deliveries, to say nothing of those people with long commutes.

OCU

#6 | Posted by OCUser at 2022-08-10 12:30 AM | Reply

Noooooooo!
--Republicans (and Darth Vader. And LftHndThrds.)

#7 | Posted by snoofy at 2022-08-10 12:42 AM | Reply | Funny: 1

Price drops as demand drops.
#5 | POSTED BY LFTHNDTHRDS

Please explain the past few decades of economic activity in which price growth has remained relatively steady through long periods of economic growth interspersed with periods of contraction.

#8 | Posted by johnny_hotsauce at 2022-08-10 01:07 AM | Reply

The current inflationary state is Joe Biden's fault for increasing the money supply at a time when the economy was attempting to re-start after Covid, combined with lingering supply chain issues.

#9 | Posted by visitor_ at 2022-08-10 08:38 AM | Reply

-The local Chevron here in SoCal has dropped the price of regular $1.20 since their high about six weeks ago

That's another way of saying it's still $2 higher than it was not all that long ago.

#10 | Posted by eberly at 2022-08-10 08:42 AM | Reply | Newsworthy 1

Checked the price of gasoline and sorted for the top prices for July for the past 15 years:

Year July
2022 $4.668*
2008 $4.114
2011 $3.705
2014 $3.688
2013 $3.661

*August price for the US is $4.312.
Gas is $3.75 here already.

www.eia.gov
www.globalpetrolprices.com

#11 | Posted by YAV at 2022-08-10 09:01 AM | Reply

July's inflation number was just released and it's 8.5%. This is lower than expected. Excluding fuel and food the rate was 5.9%.

Previous numbers:
June 9.1%
May 8.6%

Not great news. It is slow but steady improvement, fingers crossed.

#12 | Posted by YAV at 2022-08-10 09:10 AM | Reply

Electronics is a given. The supply chain issues prevented a huge amount of purchasing. Those issues caused prices to rise just based on standard supply and demand rules. Last year, we had to reschedule our UPS and generator replacements to our office because we couldn't get anything. This year we had to delay our entire data center move because of it. Heck, we couldn't even get laptops to new users because all of the big shops didn't have any. But now, things are coming in much faster. We still have some perimeter devices we are waiting on but the companies had some things we could use as workarounds while we wait, at least. But it was easy to predict electronics prices would come down. I expect a much bigger drop in the year to come, barring any other world impacting events, of course.

Also, just remember, falling gas prices cannot be attributed to Biden. He and other Dems came out and vehemently illustrated that the POTUS can't do anything about gas prices. That can't be denied in any way as it's easily on record (although I do wonder if CNN still has all of those articles or if they somehow disappeared from their archives; I just don't have the time or care to check).

#13 | Posted by humtake at 2022-08-10 12:19 PM | Reply

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