Neither ABC nor NBC addressed the latest Consumer Price Index report, which showed a troubling uptick in inflation last month. Only CBS provided coverage, offering insights into how higher prices are affecting everyday Americans.
The October CPI showed a 2.6% increase in inflation compared to last year, with housing costs leading the surge. Rent prices rose by nearly 0.5% in October and 4.9% annually. Grocery prices have improved slightly, increasing just 0.1% from September, but remain significantly higher than pre-pandemic levels.
CBS profiled Ashley Rice, a mother and small business owner, who shared her struggles with rising costs. “Our grocery bill has almost doubled,” she said, adding that nonessential spending is down as families tighten their budgets. She noted that orange juice, once $7, now costs nearly $10.
The omission by ABC and NBC raises concerns about transparency in reporting economic news. With the election over, there appears to be no immediate incentive for networks to shield viewers from unfavorable economic data. Yet, their silence leaves millions without critical information about how inflation is shaping financial realities.
Mortgage rates, influenced by inflation expectations, are also climbing. CBS reported that rising rates could exacerbate housing costs, creating additional burdens for Americans already grappling with skyrocketing rents.
While CBS addressed the CPI report, its competitors’ decision to skip the story underscores a broader issue with selective reporting. As the economy remains a top concern for voters, consistent and transparent media coverage is essential.
