I’m guessing rates will stay higher for a longer period of time.
Heck, no one in the world can hold us accountable.
Inflation . . .
- Thread starter Sope Creek
- Start date
Heck, no one in the world can hold us accountable.
Also depends on what is included. Just goods and services it’s not that telling when food and energy are backed out. I just got killed at the pump. Same with house prices not included. Any way you carve it up the last four years have been a disaster. How much is on Biden is debatable. That our country has major cost of living issues isn’t12 mo inflation rates
Jun 2022
9.1
July 2022
8.5
Aug
8.3
Sept
8.2
Oct
7.7
Nov
7.1
Dec
6.5
Jan 2023
6.4
Feb
6.0
Mar
5.0
Apr
4.9
May
4.0
Jun
3.0
July
3.2
Notice a trend? Sure, 3.2 > 3.0, but you gotta admit the facts
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.2% for the 12 months ending February, compared to the previous rate of 3.1%, according to U.S. Labor Department data published on March 12, 2024. The next inflation update is scheduled for release on April 10 at 8:30 a.m. ET, providing...www.usinflationcalculator.com
Fabrication and manipulation when it comes to data and futures. Congress doesn’t seem to care
Most people would take the extra cash in their pocket, though. Then decide what they can afford.
We are going to see a wave of foreclosures and bankruptcies in the next 15 months
It's about the annual rates, not monthly YOY, for the average person.
The fact that the last few months are near the target of 2%, doesn't negate what happened prior.
Edit to correct the target
The fact that the last few months are near the target of 2%, doesn't negate what happened prior.
Edit to correct the target
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Inflation is done on a Year to Year basis so right now as of July numbers inflation is up 3.2% from last July which was 8.5% (according to your numbers listed) which means inflation is still up 11.7% overall from 2021 and that's not even compounded. That's 13 consecutive declines. If you want it to go down it has to be a negative number because any positive is still an increase. Those are the facts12 mo inflation rates
Jun 2022
9.1
July 2022
8.5
Aug
8.3
Sept
8.2
Oct
7.7
Nov
7.1
Dec
6.5
Jan 2023
6.4
Feb
6.0
Mar
5.0
Apr
4.9
May
4.0
Jun
3.0
July
3.2
Notice a trend? Sure, 3.2 > 3.0, but you gotta admit the facts
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.2% for the 12 months ending February, compared to the previous rate of 3.1%, according to U.S. Labor Department data published on March 12, 2024. The next inflation update is scheduled for release on April 10 at 8:30 a.m. ET, providing...
You are confusing deflation with disinflation. If you believe in the latter and acknowledge (even if you disagree) with the Fed's 2% target, you don't want it going much below.
Stating that the rate of inflation has been going down, pretty steadily over the past year+, is FACT.
Of course it is still a positive number. It remains inflation, not deflation.
Analysis of annual rates of inflation need not be limited to January 1 through Dec 31st of a calendar year. We can do analysis of any 12 month block, and we routinely do so.
I don't understand why you are confused.
Of course it is still a positive number. It remains inflation, not deflation.
Analysis of annual rates of inflation need not be limited to January 1 through Dec 31st of a calendar year. We can do analysis of any 12 month block, and we routinely do so.
I don't understand why you are confused.
Exactly, you can't grow the monetary base (monetize the debt) while hiking rates and with high inflation.
housing and healthcare costs dwarf everything else.
then there's utilities and services and food and education which also account for a good chunk every month.
imported "things" we buy account for a very very small percent of our overall cost of living.
you and others post how great it is that our manufacturing bases were off shored, (much of which to our enemy China), the jobs, wages, tax bases, and self sovereignty, with them, because it gave us cheap stuff in return.
but the "cheap stuff" we got in return would still be relatively cheap if those off shored industries were brought back on shore.
but if our tvs and phones and t shirts and sporting goods and pharma and steel, etc, were manufactured in the US again, it would be a 1% tops jump in our total cost of living if that, even if the prices of those now imported goods that are more mechanized in their production every day, went up 20%.
point being, imported goods account for a minimal percent of our overall cost of living.
and importing them as opposed to manufacturing them on shore, has a many times greater negative effect on jobs and wages and tax bases and self sovereignty, and factory towns, than we ever recoup in lower cost of said goods and services.
so other than for the 1%, (and importers), our jobs and wages would go up significantly if we brought manufacturing back on shore.
as would our tax bases..
as would our self sovereignty and ability to defend ourselves.
and our overall cost of living would rise maybe 1% or less. (including housing and healthcare and food and cars and transportation and education and oil and gas and electricity and pay tv/streaming/internet, and water and natural gas/heating, and EVERYTHING service related, all things we do onshore now, but account for the overwhelming majority of our cost of living).
point being, we have totally f'd up our jobs and wages, our self sovereignty, our national defense, our tax bases, our factory towns, all for the benefit of the billionaires at the expense of everyone else.
and the only consolation for the "everyone else", is saving maybe 10-20% on 5% tops of their monthly expenditures, so maybe an overall 0.5% to 1% savings in their cost of living. (if that).
monopolization/industry consolidation costs us way way more in everything than we could ever hope to save on importing "things".
and is the overwhelming basis for our current "inflation". (the market calls it "pricing power").
worst trade off in history, for everyone but the billionaires who are pulling all the strings.
voter idiocracy meets total corruption of govt.
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If they keep rates elevated and inflation gets back to 2%, I’ll agree with you. If they quit at 3-4%, no bueno.
Are you laying the 20.5 on Notre Dame Saturday?It's about the annual rates, not monthly YOY, for the average person.
The fact that the last few months are near the target of 2%, doesn't negate what happened prior.
Edit to correct the target
I mostly stay away from college football. Don't watch enough of it to bet with any confidence.
I’m a buyer so please be true. I’m not seeing any slowdown yet
The limitations and eliminations of others have actually made me pay more bc I can no longer itemize. If the repeal meant those would go back into effect, I’m game
U.S. Inflation Accelerated in August as Gasoline Prices Jumped
Consumer prices rose in August at the fastest pace in more than a year due to a jump in energy costs, illustrating the potential obstacles to wringing inflation out of the economy without a sharper slowdown.
www.wsj.com
U.S. inflation accelerated in August due to a jump in energy prices, a reminder of how wringing inflation out of the economy without a sharper slowdown could prove difficult.
The consumer-price index, a measure of goods and services prices across the U.S. economy, rose 0.6% in August from the prior month, the fastest pace in more than a year, the Labor Department reported Wednesday. More than half of the increase was due to higher gasoline prices.
So-called core prices, which exclude volatile food and energy items, rose by a relatively mild 0.3% last month after even lower readings in June and July. The August increase reflected higher costs for items such as airfares and vehicle insurance.
U.S. Inflation Accelerated in August as Gasoline Prices Jumped
Consumer prices rose in August at the fastest pace in more than a year due to a jump in energy costs, illustrating the potential obstacles to wringing inflation out of the economy without a sharper slowdown.
U.S. inflation accelerated in August due to a jump in energy prices, a reminder of how wringing inflation out of the economy without a sharper slowdown could prove difficult.
The consumer-price index, a measure of goods and services prices across the U.S. economy, rose 0.6% in August from the prior month, the fastest pace in more than a year, the Labor Department reported Wednesday. More than half of the increase was due to higher gasoline prices.
So-called core prices, which exclude volatile food and energy items, rose by a relatively mild 0.3% last month after even lower readings in June and July. The August increase reflected higher costs for items such as airfares and vehicle insurance.
excluding food, energy, housing, and healthcare, from actual inflation numbers is a complete joke, manipulated to generate a totally fictitious inflation fairytale.
actual inflation has far outpaced the labor dept totally made up number for decades.
it's not personal. just business.
Do we ever get the real truth when it comes to Government performance numbers. But, what people are feeling is real.
The personal credit side of things is about to tip over the edge.
Americans’ credit card debt hits a record $1 trillion | CNN Business
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
It’s always a struggle to get past CNN’s drivel, but the numbers are there and it’s not good. Not only are people tapping their credit, many are robbing their 401k funds to stay afloat. This is a horrible method of financial management as the IRS penalizes early withdrawals. When the cookie jar runs out, what happens next?
But don’t worry, Bidenomics are wonderful and the ice cream shops are still open.
Do we ever get the real truth when it comes to Government performance numbers. But, what people are feeling is real.
The personal credit side of things is about to tip over the edge.
Americans’ credit card debt hits a record $1 trillion | CNN Business
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.amp.cnn.com
It’s always a struggle to get past CNN’s drivel, but the numbers are there and it’s not good. Not only are people tapping their credit, many are robbing their 401k funds to stay afloat. This is a horrible method of financial management as the IRS penalizes early withdrawals. When the cookie jar runs out, what happens next?
But don’t worry, Bidenomics are wonderful and the ice cream shops are still open.
many are paying for many things, including necessities, with credit cards.
the average interest rate on credit cards today is 28.02%, a rate that was blatantly illegal in the US for centuries as usurious, and up from 12.89% in 2017 when that was usury as well, with the Fed rate being between 0.75 and 1.5% at the time.
the inflation rate doesn't take into account the credit card interest many pay on much of their purchases, and if that reality was figured in as well, the inflation rate would be 2 to 3 times as much.
notice credit card interest rates, and their relationship to the Fed rate, which is what the credit card banks get the money for then lend to us, are never so much as mentioned on CNN or MSNBC or Fox, or anything but the business news outlets.
no way should these rates ever be legal.
that said, in a non purely monopoly fixed market, no way could anyone charge anywhere near that rate.
Krugman has to be the stupidest Nobel winner in history.
lol seriously don't bother measuring at that point
You can get a cheap big TV so when you do you’re forcedto pay big monthly fees forever, just to make the damn big TV actually work. You may have won on the front end with that cheap TV, but they’ll more than get you on the backend of your “steal” with their endless channel “deals”.
It’s either crime or inflation killing the chain stores but the Dems caused neither! 😂😂😂
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
Retail sales continued to grow in February, building off solid gains from January.
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
Retail sales continued to grow in February, building off solid gains from January.nrf.com
Retail sales post steepest decline since March 2023
Retail sales declined more than Wall Street expected in January.
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
Retail sales continued to grow in February, building off solid gains from January.
Glad we got that settled.
Retail sales post steepest decline since March 2023
Retail sales declined more than Wall Street expected in January.finance.yahoo.com
Unless I missed it when I glanced at them, one is based on January data, and the other is based on February data. They can both be different and still be correct.
Retail spending was up in January, year-over-year.
Of course it was down from December/Christmas. And bitter cold and snow added to the temporary downturn.
Things came roaring back in February.
The NRF numbers he posted come from real, accurate POS data, not a gov survey. I'm more inclined to believe those POS numbers than something from Uncle Sugar's surveys that are constantly adjusted after the fact when the real numbers show up.
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