Inflation comes in HOT!

0.4% is quite a bit.

12 consecutive monthsof that would workout to 4.91%
(anything over 4% is some sort of a pain level.)

The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%. . . . .

Here are the biggest offenders
The “Hypotherical 12-month Forward” rate is
the annual rate if the current monthly rate were annualized for12 months.

It is not an often-used measure
but it is what I used when I was trying to make the Fed and/or Joe Biden look bad so it is only fair if I use it now.

In the recent past,
nearly all the inflation was attributable to

  • services,
  • rent, and home prices
  • meat,
    and
  • coffee

Of which only coffee prices are directly-attibutable to tariffs.

That truth is breaking down now. It is now a mix.

  • Fruits and vegetables are running at 20.98%
  • Apparel is running at 6.17%

I don’t need new clothes…

but this coffee business is going to ruin my disposable income :joy:

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jobless claims also way up.

boy the economy is going south really fast.

Allan

4.9% OER (home prices) is gonna hurt a lot of people
3.88% rent is gonna hurt to.
12.68% Used cars . . .

Look wouldn’t it be easier if we just track down everyone under 40,
mug them and take their money?

This would not be tolerated it the over 40 crowd felt the primary impact.

Thank You Joe Biden! It’s a lot easier to cause inflation than it is to stop it. Quick question, when Biden sky rocketed inflation, you said nothing.

Am I right?

Jobs picture is soft (bad)
but . .. . don’t go too far out on a limb with weekly jobless claims during a 4-day week at the beginning of the school year.

(Downplay it for now. If you are right you can still be right next week.)

This turned into Trumps economy the min announce liberation day.

Stop the BDS.

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Thank You Joe Biden! It’s a lot easier to cause inflation than it is to stop it. Quick question, when Biden sky rocketed inflation, you said nothing.

Am I right?

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Here is an easier version of the above chart
(which itemizes only the worst categories)

Look, I’m looking out for my own rational self interest here. My concern is coffee prices.

(Coffee is actually dirt cheap where I live right now. Like $1USD per cup. So in the big picture I’m fine!)

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Well at this rate, (hypothetical 12-month forward), the younger generation isn’t gonna need new clothes either.

Cause they’re all gonna be on OnlyFans.

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Who? Me?

I have always been an inflation Hawk, and I have always blamed (primarily) the Fed.

I am more conservative than Donald Trump
and would not have voted for him if the Dems had not arrested him 4 times in 4 states, weaponized the judicial system etc.

I firmly believe the long-term direction of interest rates needs to be higher for longer, and am not convinced the short-term problems we face now are valid reason for a short-term exception.

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when do you stop blaming biden and start blaming the current POTUS.

2029 maybe?

lol.

its trumps economy for better or worse.

Allan

No you said nothing!!! Don’t question others myopic nonsense. Ever! :blush::blush::blush:

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What an absolutely ridiculous post

I knew coffee prices were going sky high so I loaded up at Costco earlier in the year but will still run out in a few months. It’s my vice.

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We certainly share that vice. I left the country in search of cheaper coffee :slight_smile: