New Inflation Numbers Come in ‘Hotter Than Expected,’ CNN Somberly Admits It’s ‘Headed in the Wrong Direction’

Inflation numbers for March came in early Wednesday morning and were higher than analysts had predicted, leading to an on-air admission from far-left CNN that prices were headed in “the wrong direction.”

The numbers were the opposite of what the White House and the establishment media wished to see with less than seven months before the 2024 election.

The consumer price index report found that core inflation rose 3.5 percent last month from a year ago — and higher than expectations.

Trending:

Watch: UConn Coach Furious with Zach Edey After Brutal Screen, Walks Up to Him to Give a Piece of His Mind

Additionally, prices rose from February to March by an average of 0.4 percent, per the CPI released by the Labor Department’s Bureau of Labor Statistics.

According to CNBC, analysts had expected a year-to-year increase of 3.4 percent and a month-to-month jump of 0.3 percent.

On CNN Wednesday, host Kate Bolduan announced the number live on the air.

Is inflation the biggest issue of the 2024 election?

“This just in: Inflation is headed in the wrong direction right now,” Bolduan told her network’s declining audience.

She added, “The latest consumer price report just out shows prices up 3.5 percent. This over the same time last year.”

Network business correspondent Rahel Solomon then broke down the numbers further.

“You put it pretty well there. This is moving in the wrong direction,” Solomon told Bolduan.

Related:

McDonald’s Menu Prices Have Surged 100% Over the Past Decade, According to Study

“A 3.5 percent on an annual basis, to put that in context, that is hotter than what we were expecting and certainly hotter than we saw the month prior,” she continued.

Respondents to CNN’s coverage of the CPI release on the social media platform X took aim at the network:

The Dow plunged more than 400 points at the opening bell Wednesday after the release of last month’s CPI report.


An Important Message from Our Staff:

 

In just a few months, the world is going to change forever. The 2024 election is the single most important election of our lifetime. 

 

We here at The Western Journal are committed to covering it in a way the establishment media simply will not: We will tell the truth, and they will lie.

 

But Big Tech and the elites don’t want the truth out. That’s why they have cut us off from 90% of advertisers. Imagine if someone cut your monthly income by 90%. That’s what they’ve done to people like us. 

 

As a staff, we are asking you to join us to fight this once-in-a-lifetime fight. Without you not only will The Western Journal fail, but America will fail also. As Benjamin Franklin said, “We must all hang together, or assuredly we shall all hang separately.”

 

Will you support The Western Journal today and become a member

 

A Western Journal Membership costs less than one coffee and breakfast sandwich each month, and it gets you access to ALL of our content — news, commentary, and premium articles. You’ll experience a radically reduced number of ads, and most importantly you will be vitally supporting the fight for America’s soul in 2024.

 

This is the time. America will live or die based on what happens this year. Please join us to get the real truth out and to fight the elites, Big Tech, and the people who want America to fail. Together, we really can save the country.

 

Thank you for your support!

 

P.S. Please stand with us!



Source link