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Inflation Better Than Expected In January

Published by digby on February 13, 2026

It’s all about gas prices

Price changes over last year (January CPI report)
Gas Utilities: +9.8%
Electricity: +6.3%
Food away from home: +4.0%
Medical Care: +3.9%
Shelter: +3.0%
Overall CPI: +2.4%
Food at home: +2.1%
Transportation: +1.3%
New Cars: +0.4%
Used Cars: -2.0%
Fuel Oil: -4.2%
Gasoline: -7.5%
— Charlie Bilello (@charliebilello) February 13, 2026

Meanwhile:

12.7% of credit card balances in the US are now 90+ days delinquent, the highest since 2011.

5.2% of auto loan balances are now 90+ days delinquent, the highest since 2010.https://t.co/l5IYmkf6Ih pic.twitter.com/n5PRktSDXy
— Charlie Bilello (@charliebilello) February 12, 2026

Americans are shouldering almost all of President Donald Trump’s import tax surge, a report,from the Federal Reserve Bank of New York said on Thursday.

The bank said 90% of the tariffs imposed by the president on imported goods are borne by American consumers and companies. The report pushes back against the Trump administration’s argument that the levies are paid by foreigners.

Oops.

There’s lots more like that. Which is one big reason why Trump’s latest approval rating in the AP-NORC poll is down to 36%

Just an astoundingly bad AP poll for Trump

• 36% overall job approval
• 72% disapprove of Greenland threats
• 66% describe economy as doing poorly
• 60% unfavorable view of ICE

Cannot stress enough: the vast majority of Americans think this presidency is a failure.
— Matt McDermott (@mattmfm) February 13, 2026

It is a failure. But then we knew it would be, however you measure it, simply by virtue of the fact that it’s headed by a very psychologically damaged malignant narcissist. How could it be anything else?

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