Seniors deserve their day of rage, too, especially after it was announced last month that their monthly Social Security checks will grow by just 3.2 percent come January.
So autoworkers pay goes up by 25 percent, Rochester city employees just got 8 percent raises in March and us seniors get 3.2 percent.
Federal regulators don't use the most volatile benchmark commodities in figuring the inflation rate, including food and energy costs like gasoline, which has risen by 10 percent since last January.
Car loan interest rates and car insurance rates have also skyrocketed and food continues to see steep hikes in beef, seafood, potato chips, ketchup, cat food, dog food and I could go on and on and on. Some higher value steaks like Delmonico and prime rib have nearly doubled. Sea scallops are $23 a pound.
Recently the labor department announced that the inflation rate for August was 3.7 year to year.
Energy costs rose 5.6 percent in August, the biggest monthly increase since June 2022. And auto insurance prices also soared, rising 2.4 percent just last month.
So 3.2 percent is a slap in the face.
Even five percent would have been a slap in the face with inflation running overall around 10 percent.
We had little to no inflation under the former president, no one can argue that.
Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.
Federal regulators should change how they figure the inflation rate, not cherry pick.
It's unfairly hurting seniors.
You'd think our 80-year-old president would get that, but he's probably isn't aware.