Yeah, the 50% increase in the grocery tab is a figment of my imagination….
Gavin Newsom Implies Inflation Pains Are A Conservative Lie.
California Governor Gavin Newsom (D) implied this week that the inflation pains Americans are feeling this Thanksgiving are simply a lie pushed by conservatives.
“Things you won’t see on Fox News today,” Newsom posted Wednesday on X. “Prices for Thanksgiving are down — from Turkey to air travel.”
Newsom’s post included a chart showing price changes according to Labor Department data. Prices for peas, milk, stuffing, pie crusts, turkey, and cranberries have dropped from last year, according to the chart.
Things you won’t see on Fox News today…
Prices for Thanksgiving are down — from Turkey to air travel.
Average hourly wage is up — almost 4.4% from over a year ago, 18% from 3 years ago. That’s nearly the best 3-year gain in 40 years. pic.twitter.com/Q0MhCzADeY
— Gavin Newsom (@GavinNewsom) November 22, 2023
However, inflation is only just cooling off after spiking during the last few years.
Last year, the average price of a Thanksgiving meal hit a record high. While prices of some items have dipped this year from last year’s record highs, prices are still higher than they were before the pandemic.
This year, the average cost of a Thanksgiving meal for 10 people is $61.17, down 4.5% from last year’s $64.05 average cost, according to a report from the American Farm Bureau Federation (AFBF).
However, this year’s price is still 14.7% higher than the $53.31 that a Thanksgiving meal cost in 2021, and a whopping 25% higher than the $48.91 in 2019.
“Although survey prices have begun to come down, food price inflation remains a real issue and serves as a constraint on the budget of all U.S. consumers,” the AFBF wrote in its report.
Newsom also claimed the 18% increase in the average hourly wage compared to three years ago is “nearly the best 3-year gain in 40 years.”
However, the skyrocketing inflation of the past three years has not allowed workers to enjoy their increased wages as much they might have liked.
Inflation has been a major concern for Americans since the pandemic, from groceries to gas prices and other necessities.
Two thirds of people say their expenses have risen, and only a quarter say their income has risen, according to a poll last month from the Associated Press-NORC Center for Public Affairs Research.
About 75% of those surveyed described the economy as poor.
This year, Halloween candy prices saw double-digit inflation for the second year in a row, spiking a whopping 13% since October last year.
In September, gas prices in some Southern California counties again skyrocketed to an average of over $6 a gallon.
Meanwhile, last month a report from the Alliance for Consumers estimated that the Biden administration’s rules and regulations may have forced a $9,000 price tag on American homeowners due to price hikes related to cars, washing machines, gas stoves, and dishwashers.