July Inflation
- Thread starter snarlcakes
- Start date
It is time to celebrate 8.5 % good times are here. I am sure Biden will babble how about how great this number is. LOL!
CPI is the consumer pride index. Basically a basket of goods we buy. It's up 8.5% year over year, which is high. The sliver of good news is it came in lower than expectations.
Core is another measure of inflation that excludes food and energy. It's up 5.9% year over year and came in below expectations, as well. M/M is the month over month changes.
Its just 1 months data...so that should be taken into account.
But it does appear, from the numbers, that the sharp increase in inflation numbers is plateauing. If that is true, and it starts to ease, that'll be a very good thing.
3.99 a gallon is too high, to use Gas prices as a small example of the overall impacts we're feeling. But its better than the 5+ it was heading towards earlier in the summer.
Do you seriously think, say, -2 to -3% M/M (or more) deflation would be a good thing? That would be far, far worse than the numbers just reported. You can't unwind high inflation in one month or even one quarter. Inflation, Y/Y, will continue to be high until at least January, even though M/M is flat or slightly negative.
Bottom line, it's going to take a while for Y/Y inflation to return to the 2-3% level. And that's as it should be if you want the economy to grow.
My measly little portfolio bottomed out about six weeks ago and has been creeping up ever since. Was down 18%, now down 12%.
Just to be clear so I know the technical details, are the monthly numbers actual month-over-month inflation - i.e., either the real or adjusted change in price from June to July - or do they rather represent the change in YOY inflation from one month to the next?
Why does it matter? It's still bad, fvcking baaad. Thanks Joe.
M/M means June to July of this year, annualized.
Gas prices are dropping, inflation has leveled out, CD rates on the rise, low unemployment! I think I will vote Democrat in November.
Only in the crazy world of Democratic/Media/Biden spin can inflation be seen as zero. Economists have aways measured inflation annually.
Next Biden will give us weekly inflation, or maybe even hourly.
Economists have also kept monthy cpi data (MoM) for at least a century. You can, as the say... look it up.
They can both be valuable in different ways. What are you even going on about now?
Or the crazy world of capital markets.
The core CPI at 0.3% MoM was the positive the markets liked, IMO. That's a sub 4% annualized rate. If JPow actually pulls off the soft landing while keeping employment intact, next year could look pretty good.
I have never seen monthly data applied to any benefit, transaction, contract or other area of commerce. When inflation is important, I have only seen annual.
COHvac is now going to school us on economics.
Make that applied economics. Important for the HVAC business. All the rest of it is just talking points.
Just hilarious. CO.H. makes a stupid, uniformed allegation. Multiple people, in plain English, make it crystal clear how completely wrong he is. Then he just doubles down, completely and utterly incapable of forming the words "Gee, I guess I might have been wrong".
Reminds me of some orange guy.
Reminds me of some orange guy.
I think the question many of us are beginning to wonder is- are you DANC's alter ego? The one that at least professes to be educated?
Only in shootermath does 0 inflation make sense. All we know is that inflation at the end of July is as outrageous as it was at the end of June, which was a 40 p-year high.
But keep on with senile spin.
Why is tracking monthly financials "senile spin"?
I know how much my retirement accounts made or lost in a month. I know how much my expenses went up or down in a month.
It is bizarre that you cannot grasp that anyone would want to know what is the net overall effect of increases and decreases in consumer prices for different categories of goods in a given month.
Well, not so bizarre really. It gets down to your complete inability to admit that any word you ever wrote could indeed be in error.
I know how much my retirement accounts made or lost in a month. I know how much my expenses went up or down in a month.
It is bizarre that you cannot grasp that anyone would want to know what is the net overall effect of increases and decreases in consumer prices for different categories of goods in a given month.
Well, not so bizarre really. It gets down to your complete inability to admit that any word you ever wrote could indeed be in error.
Don't we get monthly job reports? Isn't that an area of commerce?
Investors spend money based upon trends in the market. Aren't market results posted monthly (if not weekly or even daily)? Considering the extremely wide contrast in highs and lows of inflation over the last 12 months, I would think that having monthly updates on inflation would be quite useful right now. If this is indeed an inflection point, absolutely every business out there is going to want to know about it.
Granted, it is only one / two months of data indicating a possible peak of inflation. We probably need about another month or two before the results are confirmed, but yeah, I don't want to wait until February to know for sure.
The CPI is unchanged for July. The CPI as of July 31 is not zero. Biden is just lying.
Claiming inflation at the end of July is zero is fundamentally dishonest. Saying the economy is not in a recession after the GDP shrinks for 6 months is fundamentally dishonest. All of government and all of news about government is political theater. Baghdad Bob would be proud of the United States.
I don't disagree with that, but what does that have to do with my post? You were questioning why it was being tracked monthly. If you want to claim that Biden is an idiot / lying, I'm not going to argue with you. If you want to discuss whether we have seen the peak of the current rampant inflation, there is room for discussion.
Good thing nobody says that, then. Net contributions to inflation, across all sectors, was zero for the month of July.
You just don't give up on trying to spin your way out of ignorance, do you?
Can you give me some advice on enhancing mouse liver stability of our best SARCOV2 viral entry inhibitors? Since you claim to have the answer on everything. Human liver stability is good but we want to test the best compounds in mice, since it is equally active across alpha, beta, delta, and omicron variants.
Then I might ask you about carpentry and the best miter saw to buy.
Geesh, you (think you) know everything.
He is just a guy who is never wrong even when he is. We all know people like that.
I can sympathize. It was only later in life that I learned the two most freeing phrases I can utter: "I don't know" and "I was wrong."
In research science, nobody is worse than the person who claims to know everything.
The person who makes a prediction about how an experiment will go and then refuses, afterwards, to say "wait... what is going on? I didn't expect THAT to happen? Why? Let's throw out my old ideas and come up with new ones that make sense, after this result."
CO.H. is hopefully far removed from any science lab. Even if they specialize in HVAC.
The person who makes a prediction about how an experiment will go and then refuses, afterwards, to say "wait... what is going on? I didn't expect THAT to happen? Why? Let's throw out my old ideas and come up with new ones that make sense, after this result."
CO.H. is hopefully far removed from any science lab. Even if they specialize in HVAC.
You still have a lot to learn. “I don’t give a shit” is much more freeing.
I don’t know much about the liver. But if you want an opinion about whether men can have a baby, you know where to find me.
It's good to know that folks now understand how monthly data can be useful and provide different insights than annual data.
I'll see you in a little bit over where those goalposts got moved.
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