ABC News’ Elizabeth Schulze reports on the rising prices for consumers as the economy reopens, and the debate among economists and policymakers on whether higher inflation is temporary.
ABC News Live Prime, Weekdays at 7EST & 9EST
WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM
SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP
Watch More on http://abcnews.go.com/
LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc
ilike how theyre trying to blame prices going up on those weak ass stimulus check we received 🙄
I would trust anything JPow and Yellen say over Larry dumbass Summers lol. It's all transitory. Even lumber prices have crashed in the last few weeks
Hollowed out government capacities, political confusion, cronyism, conspiratorial thinking, and trust deficits have exposed the the crumbling legitimacy that now makes rich and powerful states look like banana republics.
Start your gardens people
This is in part why I started intermittent fasting years ago. This is fucked.
Wages still the same.
Lol most of these people blaming greed, don’t understand how supply and demand works
Here to stay, they never go down, is all called inflation except our paychecks eroding the middle class, go figure!.
Dear friends, please watch this video and think about what has been said
This man speaks the Truth
https://youtu.be/2sLn7OCHYAY
Give us a stimulus then raise the price on EVERYTHING that don't make no damn sense what a help it was
Wages going up will create more prices increases This is going nowhere but up.
As if you expect us to believe that prices are gonna be back to normal! To reassure or lie to the public like that sure is low. America is poor now
This is what happens when liberals/communists run the country. Gas becomes $4/gallon, groceries skyrocket, and property values tank
Stimulus checks? lol More like unemployment benefits caused the spending. The Stimulus checks were a joke and lasted all of 5 minutes until they went to bills and food.
Waiting for our pay to go up………..
~hears crickets~ 😒
Yeah rent a truck in June & July for pride is $3,000!!!!??? It's crazy…
I noticed how most jobs are now paying $19 or more to start. And at the same time I noticed how the price of EVERYTHING is going up. How are we ever supposed to get ahead?
Here to stay obviously.
What goes up, doesn't goes down.
First, I cannot believe that any retailer including grocery stores would raise their prices during this "Pandemic". For example, I usually purchase Honey crisp Apples @ $1.29 per apple, and now they are selling for $1.69 per apple ! I could understand perhaps raising the price perhaps .05 cents, but .40 ???
Second, perhaps it has come to the point where consumers are going to have to become their own farmers and plant/grow their own produce if they want to keep the cost down.
Third, the "Circle of Poverty" needs to be addressed, within this country. Meaning, that employee wages may not be in alignment with the cost of living within certain areas of the country. Thus, forcing Americans to either work multiple jobs, modify their living situations, and cut back on spending. In addition, when an individual has been financially victimized, this only excerbates their financial struggles !
Fourth, to my knowledge, isn't price gouging illegal ?
Smh how is inflation still moving and 15 an hour was thrown away and base on the numbers and economy and growth. Minimum wage is suppose to be 25. So yall see people lower from stuff that has a demand. Wages arent going up… Everyone is doing what amazon is doing now. Drive by working.
walmart is fairly cheap and the salads are always on sale (clerance)
They are permanent.
Supply and Demand. More people driving again. Demand is higher than it’s been for over a year.
We should ask Klaus Schwab
ABC news your complicit in the fall of our way of life.
Where are all the " Blue Wave" Cheerleaders now ?
Without watching the video, generally, yes. Prices are here to stay because of inflation.
The way the Capitalist system functions, it doesn't work. If you can't pay people more to make up for the inflation, because it'll cause even more inflation, then it's time to rethink a new economic system. Capitalism just doesn't work.
Consumers can do their part to slow down the inflation by holding back their plans like buying new cars, remodeling, etc. Just wait for the good deals.
Price gouging! This is why I hate the business man. Republicans are the enemy of the people! Inflation is a false creation of the greedy!
It's Trump's Fault.
Elections have coincidences!
Inflation is America's way of making you pay for it's wars. Happy 4th!!!
I hope everyone see's and learns, what is exactly going on, people! They (the government), is handing out these 'stimulus' checks, so everybody that is feeling the pinch (whether it's the terrible economy, or 'Covid'), should have a bit more money, in the pocket. But this is not the case people, you don't really think that the 'Government, actually cares enough to try to help everyone out, 'NO'!!! They go and now raise the price of everything, and are getting that 'MONEY' back. They're ROBBING you!! And a certain "Partizans" group is the ones perpetrating all of it. I don't want to bring up 'politics', I know some are sick of listening to it, and then those who don't really care, but people have to be educated. "INFLATION" is controlled, and ONLY controlled, (just like the cost of housing, cars, food, EVERYTHING), by the "REPUBLICANS"!!!! They control (and always have), the cost of everything, no matter 'WHOS' in office, since day ONE!!! (You know, " for the Republic, by the Republic, and for which it stands", you've ALL heard this, before)!! Republicans are in ownership of at least 87% (a minimum) of major corporations, and 67-87%, of 'smaller' corporations, even down to Mom & Pop), Nothing less than this, is the TRUTH!! (you can 'Google' all of this yourself). We, the " PEOPLE'S" and citizens of the UNITED STATES are perpetually getting, and I'll use a 'nicer' word, "SCREWED", by that faction, and the government. In fact, these major corporations, and the 'richest' people behind them, are the ones who ACTUALLY RUN, this country!! This is NO secret! " These people "ARE" the government, for all practical purposes, all politicians, presidents are just their 'puppet's. When we feel the 'pinch', these (REPUBLICAN'S) are the ones at 'DIRECT FAULT'! And YES, this needs to change, it is time for change, we all need change, and it's up the "EVERYONE" of to do so! People are hurting, more than they've ever hurt before, while the "RICH" (the upper 1% echelon), are the "RICHEST" ever (since the 'Great Depression). Notice how the 'Rich' (who make the most money's, pay the least amount of taxes as low as 12-14%, or even lower), while the 'peoples', that make the least amount of money's, pay the most amount (I.e. your average lesser paid worker, pays 25%) in taxes. We are pre-programed to support the "Rich". That is what the" REPUBLIC", part of our nation means! 'That' is what 'CAPITALISM' means! Only "CAPITALISTS, CAPITALIZE, OFF OF CAPITALISM". I.e. 'it takes money, to make money', for the rest of us we're Screwed, from the get-go. This is the hardcore truth, fellow UNITED STATESIANS!!!
Corporate America: LET THEM EAT CAKE !!
I can probably tell you where hordes of household essential items and a lot of food is going too! Crazy prepping going on as people continue to panic.
So wait if we get paid higher wages more inflation? But right now there is no higher wages just checks from the government yet the government didn't do anything about inflation.
America is just putting black tape over a check engage light and calling it "is fixed".
âÂÂÂÂï¸ÂÂ🇺🇸🦅TRUMP2020🦅🇺🇸âÂÂÂÂï¸ÂÂ
Woooooow😱ðŸ˜ÂÂ
The government has created huge inflation due to all the stimulus checks and huge deficit spending.☹ï¸ÂÂ
Not even america is safe from inflation
Why is everyone surprised?? When this was foretold in the Bible thousands of years. ðŸ¤â€Â
This is inept owebama 2.0 but with more foreign aid and more illegals.You morons learned nothhing on nobama–nobama had 4 dollar a gallon gas–high food prices–high unemployment–high food prices–but at least attempted to control the border–i hope libs suffer greatly under this.
Is this because of the stimulus checks?
More importantly if you die today will you go to heaven? Have you ever lied, stolen, hated, used God's name as a curse word (O-M-G)? According to God's law, you're guilty, your headed for hell, ignorance will not be an excuse… But wait, God loves you, he made a way out for you, God's son Jesus died paying for your sin. God so loved the world that he gave his only son that whoever believes in him will not die but have everlasting life. John 3:16
this is why we need regulations and price caps, because they're moving well beyond what's reasonable and are now moving towards pricing out over 40% of Americans.