CPI increases 8.5% y/o/y, less than expected 8.7% . . .

[Sope Creek]

. . . but inflation remains strong. Food increased at 10.9%. Electricity up by 15.2%. Airline fares dropped 7.8%, fuel oil fell 11% in July alone but was up nearly 77% from a year ago, used vehicles fell 0.4% and transportation services dropped by about half a point. Shelter costs - about 1/3 of the CPI weighting - are up 5.7% from a year ago.

Something for everybody. A quote from the CNBC article found on the Money page of my news feed:

Clogged supply chains, outsized demand for goods over services, and trillions of dollars in pandemic-related fiscal and monetary stimulus have combined to create an environment of high prices and slow economic growth that has bedeviled policymakers.

Another quote, same article:

Recent commentary from policymakers has pointed toward a third consecutive 0.75 percentage point interest rate hike at the September meeting. Following the CPI report, market pricing reversed, with traders now anticipating a better chance of a lesser 0.5 percentage point move.

 

[bailey777]

. . . but inflation remains strong. Food increased at 10.9%. Electricity up by 15.2%. Airline fares dropped 7.8%, fuel oil fell 11% in July alone but was up nearly 77% from a year ago, used vehicles fell 0.4% and transportation services dropped by about half a point. Shelter costs - about 1/3 of the CPI weighting - are up 5.7% from a year ago.

Something for everybody. A quote from the CNBC article found on the Money page of my news feed:

Clogged supply chains, outsized demand for goods over services, and trillions of dollars in pandemic-related fiscal and monetary stimulus have combined to create an environment of high prices and slow economic growth that has bedeviled policymakers.

Another quote, same article:

Recent commentary from policymakers has pointed toward a third consecutive 0.75 percentage point interest rate hike at the September meeting. Following the CPI report, market pricing reversed, with traders now anticipating a better chance of a lesser 0.5 percentage point move.

but inflation remains strong. Food increased at 10.9%. Electricity up by 15.2%. Airline fares dropped 7.8%, fuel oil fell 11%

I mean big deal if airline fares dropped most people dont fly more than maybe once a year and some never fly. The things that matter like food and electricity are still through the roof.

 

[NPT]

. . . but inflation remains strong. Food increased at 10.9%. Electricity up by 15.2%. Airline fares dropped 7.8%, fuel oil fell 11% in July alone but was up nearly 77% from a year ago, used vehicles fell 0.4% and transportation services dropped by about half a point. Shelter costs - about 1/3 of the CPI weighting - are up 5.7% from a year ago.

Something for everybody. A quote from the CNBC article found on the Money page of my news feed:

Clogged supply chains, outsized demand for goods over services, and trillions of dollars in pandemic-related fiscal and monetary stimulus have combined to create an environment of high prices and slow economic growth that has bedeviled policymakers.

Another quote, same article:

Recent commentary from policymakers has pointed toward a third consecutive 0.75 percentage point interest rate hike at the September meeting. Following the CPI report, market pricing reversed, with traders now anticipating a better chance of a lesser 0.5 percentage point move.

Another article on the same thing....

CPI Inflation Rate Is Finally Falling — Much More Than Expected

Core inflation also eased, helping to reboot the Dow Jones rally.

www.investors.com

 

[bailey777]

with food in the at-home category rising 13.1%, higher than the year-over-year rise in recent months. For the overall food category, that's the highest increase since May of 1979, but for the food-at-home category, which is household groceries, it's the highest since March of 1979, according to Steve Reed, an economist at the U.S. Bureau of Labor Statistics (BLS).

Good times indeed the Biden economy roars on!! You just cannot help but love Biden he really does have the best interest of the middle class in mind as the great uniter he is. Just a great old grandpa!

 

[Sope Creek]

with food in the at-home category rising 13.1%, higher than the year-over-year rise in recent months. For the overall food category, that's the highest increase since May of 1979, but for the food-at-home category, which is household groceries, it's the highest since March of 1979, according to Steve Reed, an economist at the U.S. Bureau of Labor Statistics (BLS).

Good times indeed the Biden economy roars on!! You just cannot help but love Biden he really does have the best interest of the middle class in mind as the great uniter he is. Just a great old grandpa!

Like I said . . . something for everybody . . . even you.