Power prices did not climb 61%: The consumer price index for electricity was up 6.1% year over year, and the average price of electricity was up 7.2% year over year

The Bloomberg headline linked to by Drudge meant that the rate of inflation for the consumer price electricity index at 6.1% year over year was 61% higher than the overall consumer price index rate of inflation of 3.8% year over year.

 

A different measure, the average price of electricity, climbed 7.2% year over year to a new high of 19.4 cents per kilowatt-hour.

 

It will be of little comfort to many to note that it could be worse.

 

While the price of a barrel of oil has far outrun inflation over the long haul, electricity has not. At 4.6 cents in November 1978, its inflation adjusted price today would be 22.73 cents.

 

  

 

Trump doesn't think about the American financial situation, kinda like Obama saying to the New York Times two days before the market bottom in March 2009 that everything was fine

 

Yes 6.1% is a rate 60.5% higher than 3.8%

 

 

 

 

 

 

 

 

 

Many things have an explanation, if you think about them long enough.

Trump's approval rating average at Real Clear Politics falls to a new low 40.2%

Recent polls by Reuters/Ipsos and CNN have him at 36%, by Rasmussen at 42.

 

Overall consumer price index inflation came in at 3.8% yoy in April 2026, core cpi at 2.8% yoy

The overall rate of inflation in April 2026 at 3.8% yoy is 100% higher than the average rate of 1.9% yoy under Trump I.

The core rate in April 2026 at 2.75% yoy is 40% higher than the average rate of 1.965% yoy under Trump I.

Food inflation was 3.2% yoy in April 2026, but energy inflation was 17.53% yoy in April on top of 12.58% yoy in March.

The energy inflation is a self-inflicted wound by Donald Trump. It's almost like he thrills at the prospect of defeat. 

 

70% of Americans eat beef at least once a week, and pay these all-time high prices for it