July Inflation

[JamieDimonsBalls]

When is a monthly calculation valuable? I have never seen it applied.

Any monthly report, whether YoY or MoM is less accurate, but it still indicates the potential change in a trend (reversal, inflection, amplification, etc.). Nobody is saying put a ton of stock in it, but if MoM were up 4%, you'd be panicking about it.

 

[TheOriginalHappyGoat]

Any monthly report, whether YoY or MoM is less accurate, but it still indicates the potential change in a trend (reversal, inflection, amplification, etc.). Nobody is saying put a ton of stock in it, but if MoM were up 4%, you'd be panicking about it.

Let's be honest. If a Republican were in the Oval, he'd be singing an entirely different tune in this thread.

 

[UncleMark]

Let's be honest. If a Republican were in the Oval, he'd be singing an entirely different tune in this thread.

Seems I remember a time when COH tried to at least disguise his unapologetic partisan hackery behind a facade of rhetorical flourishes and obfuscation. Today he's shameless about it.

 

[Lucy01]

Let's be honest. If a Republican were in the Oval, he'd be singing an entirely different tune in this thread.

Let’s be honest, when Trump was in office there was no inflation!

 

[CO. Hoosier]

It's good to know that folks now understand how monthly data can be useful and provide different insights than annual data.

The isn’t about “monthly data”. It’s about the CPI. The CPI is unchanged for juky, is 8.5%, not zero. Ya gotta know a goal post when you see one

Consumer Price Index Summary - 2024 M10 Results

www.bls.gov

 

[CO. Hoosier]

Seems I remember a time when COH tried to at least disguise his unapologetic partisan hackery behind a facade of rhetorical flourishes and obfuscation. Today he's shameless about it.

The Biden administration is an asymmetrical disaster on many levels. Any comment about his administration can’t be favorable and honest at the same time.

 

[TheOriginalHappyGoat]

The isn’t about “monthly data”. It’s about the CPI. The CPI is unchanged for juky, is 8.5%, not zero. Ya gotta know a goal post when you see one

Consumer Price Index Summary - 2024 M10 Results

www.bls.gov

LOL, even I can understand the basics. It's unchanged in the past month because the CPI didn't change. In other words, the change from June to July was, in fact, zero. 8.5% is the change from the CPI in July 2021 to July 2022. Get a grip, man.

 

[TheOriginalHappyGoat]

Any comment about his administration can’t be favorable and honest at the same time.

There is no universe in which a reasonable person could make such a claim with a straight face. He's Joe Biden, not Satan.

 

[Joe_Hoopsier]

LOL, even I can understand the basics. It's unchanged in the past month because the CPI didn't change. In other words, the change from June to July was, in fact, zero. 8.5% is the change from the CPI in July 2021 to July 2022. Get a grip, man.

And by unchanged, you mean inflation is still %8.5 over last July, right? That 7 months in a row, right?

 

[TheOriginalHappyGoat]

And by unchanged, you mean inflation is still %8.5 over last July, right? That 7 months in a row, right?

No, but unchanged, I mean the CPI didn't change from June to July. The change was 0.0%. It changed 8.5% from last July to this July, but it changed zero percent from June to July.

What's inflation right now? I guess that's how you look at it. If the change from June to July was zero (or close to it), that means prices have stabilized, and inflation is (at least temporarily) very low. That's a good thing. The YOY is a trailing indicator, and inflation will have to stay low for multiple months in a row to see a major change in that metric.

This is all basic stuff. I really don't know hardly anything about this, which is why I had to ask exactly what the MOM numbers represent earlier in the thread. But even an amateur like me understands that it's nonsense to make a statement that "The CPI is 8.5%." The CPI isn't a percentage. The percentage is how much it changed. It has changed about 8.5% over 12 months. It has changed about 0% over 30 days.

 

[JamieDimonsBalls]

The Biden administration is an asymmetrical disaster on many levels. Any comment about his administration can’t be favorable and honest at the same time.

I don't see a ton of people rushing to defend Biden in this thread. This thread is about inflation. Why can't we keep discussing it as such? Everyone knows about his issues.

 

[UncleMark]

I don't see a ton of people rushing to defend Biden in this thread. This thread is about inflation. Why can't we keep discussing it as such? Everyone knows about his issues.

COH had to move the goal posts after he got his ass handed to him.

 

[TheOriginalHappyGoat]

I don't see a ton of people rushing to defend Biden in this thread. This thread is about inflation. Why can't we keep discussing it as such? Everyone knows about his issues.

Because CO.H is utterly incapable of having any discussion that doesn't amount to "Biden and the Democrats are the worst thing to ever happen to the universe."

 

[CO. Hoosier]

No, but unchanged, I mean the CPI didn't change from June to July. The change was 0.0%. It changed 8.5% from last July to this July, but it changed zero percent from June to July.

What's inflation right now? I guess that's how you look at it. If the change from June to July was zero (or close to it), that means prices have stabilized, and inflation is (at least temporarily) very low. That's a good thing. The YOY is a trailing indicator, and inflation will have to stay low for multiple months in a row to see a major change in that metric.

This is all basic stuff. I really don't know hardly anything about this, which is why I had to ask exactly what the MOM numbers represent earlier in the thread. But even an amateur like me understands that it's nonsense to make a statement that "The CPI is 8.5%." The CPI isn't a percentage. The percentage is how much it changed. It has changed about 8.5% over 12 months. It has changed about 0% over 30 days.

Good news for Denver. Our inflation rate is < 0

Rising energy and food prices continued to keep consumer inflation elevated in metro Denver, with overall prices rising at an 8.2% annual rate in July, down slightly from the 8.3% pace in May, according to the Consumer Price Index for All Urban Consumers for Denver-Aurora-Lakewood, from the U.S. Bureau of Labor Statistics.

 

[TheOriginalHappyGoat]

Good news for Denver. Our inflation rate is < 0

​

Rising energy and food prices continued to keep consumer inflation elevated in metro Denver, with overall prices rising at an 8.2% annual rate in July, down slightly from the 8.3% pace in May, according to the Consumer Price Index for All Urban Consumers for Denver-Aurora-Lakewood, from the U.S. Bureau of Labor Statistics.

I can't help you.

 

[Crayfish57]

I can't help you.

He needs a public defender to help him!

 

[CO. Hoosier]

I can't help you.

Does that mean no more patronizing posts?

 

[hoosboot]

Does that mean no more patronizing posts?

I suspect that you'll still be posting them.

 

[anon_6hv78pr714xta]

When is a monthly calculation valuable? I have never seen it applied.

This might help:

High inflation is sticking around, but it likely peaked months ago. Here's why.

High inflation is likely still related to distortions from the pandemic, which still isn't over, and is heading into year three.

fortune.com

"The monthly inflation rate is a better indicator than the yearly inflation rate at this point. That's because the latest annual inflation increase is due, in large part, to the fact that it’s being compared to the cost of consumer goods in January 2021, when it was just a 1.4% annual increase.

There’s also the matter of how the Bureau of Labor Statistics weights different goods and services to build the consumer price index. The CPI is a measure of the average cost consumers pay for a basket of goods over time. Housing costs, for example, typically have a bigger influence in calculating the CPI than food prices. But Americans’ spending patterns shift over time, and so the BLS updates the CPI on an annual basis—similar to how changes in the U.S. population are reflected in annual updates to the labor reports."

 

[NOMORENIT]

The Biden administration is an asymmetrical disaster on many levels. Any comment about his administration can’t be favorable and honest at the same time.

Gas prices have little to nothing to do with the Prez. Inflation was caused by Covid and dialing back production because of lack of demand during 2020 and 2021. It's on the Biden Administration how to deal with it.

 

[UncleMark]

This might help:

High inflation is sticking around, but it likely peaked months ago. Here's why.

High inflation is likely still related to distortions from the pandemic, which still isn't over, and is heading into year three.

fortune.com

"The monthly inflation rate is a better indicator than the yearly inflation rate at this point. That's because the latest annual inflation increase is due, in large part, to the fact that it’s being compared to the cost of consumer goods in January 2021, when it was just a 1.4% annual increase.

There’s also the matter of how the Bureau of Labor Statistics weights different goods and services to build the consumer price index. The CPI is a measure of the average cost consumers pay for a basket of goods over time. Housing costs, for example, typically have a bigger influence in calculating the CPI than food prices. But Americans’ spending patterns shift over time, and so the BLS updates the CPI on an annual basis—similar to how changes in the U.S. population are reflected in annual updates to the labor reports."

COH no longer gives a shit.