Re: Inflation continues on record pace.

by **Trapper Gus** 2024-10-10, 08:39

BLS wrote:CONSUMER PRICE INDEX - SEPTEMBER 2024

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in August and July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment.

The index for shelter rose 0.2 percent in September, and the index for food increased 0.4 percent. Together, these two indexes contributed over 75 percent of the monthly all items increase. The food at home index increased 0.4 percent in September and the food away from home index rose 0.3 percent over the month. The energy index fell 1.9 percent over the month, after declining 0.8 percent the preceding month.

The index for all items less food and energy rose 0.3 percent in September, as it did the preceding month. Indexes which increased in September include shelter, motor vehicle insurance, medical care, apparel, and airline fares. The indexes for recreation and communication were among those that decreased over the month.

The all items index rose 2.4 percent for the 12 months ending September, the smallest 12-month increase since February 2021. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 6.8 percent for the 12 months ending September. The food index increased 2.3 percent over the last year.

https://www.bls.gov/news.release/cpi.nr0.htm

AP wrote:The consumer price index is expected to have risen just 2.3% in September from 12 months earlier...

https://apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-cd6d9712bfd484d6e1bc4ccb958dcf23

Oh Noes! Markets are going to be confused!

by **kingstonlake** 2024-10-29, 08:01

Open enrollment season.

$1300 pay cut woo hoo!

I’m sure there’s a graph that’s adjusted for bullshit that claims I didn’t.

by **Trapper Gus** 2024-10-29, 08:10

kingstonlake wrote:Open enrollment season.

$1300 pay cut woo hoo!

I’m sure there’s a graph that’s adjusted for bullshit that claims I didn’t.

The ACA reduced price increases in the medical field & Health Care plans back in 2014 -2016 but that effect is long gone.

With "Wall Street" financing all the medical corporations and consolidating them prices (and their profits) have skyrocketed.

As far as that goes we are in the era of Wall Street owning and directing most of the sectors of the economy. The era where we had companies competing with each other to the benefit of the customers is gone.

When I had company insurance there was also the issue of the corporation deciding that the workers should pay for more of it out of their own pockets, something what was encouraged with the GW Bush tax cuts.

by **Trapper Gus** 2024-10-31, 13:33

Fed favorite index drops to 2.1%

https://www.cnbc.com/2024/10/31/pce-inflation-september-2024-.html

by TravelinMan 2024-10-31, 14:27

The only thing wrong with the economy is its reputation.

by AvgMSUJoe 2024-10-31, 15:02

TravelinMan wrote:The only thing wrong with the economy is its reputation.

Otherly stated: the liars who are shitting on it every chance they get because god forbid they give any credit to the plan that worked... and instead of working inside the obviously functioning economic model they need to take control and slant the model toward the handful of billionaires funding the R party.

by **Robert J Sakimano** 2024-10-31, 15:14

disappointing, but certainly not surprising, to see republicans/libertarians not celebrating good news for America and American workers.

by **Trapper Gus** 2024-10-31, 16:39

The NY Post headline was " Core inflation rises fastest in Years" or something like that....

by **GRR Spartan** 2024-10-31, 16:52

MAGA voters touting voting for Trump tariffs and tax cuts for the top 5% is akin to football recruits choosing scUM because of academics.

by sεяεηιτλ 2024-10-31, 22:00

TravelinMan wrote:The only thing wrong with the economy is its reputation.

I wonder why the reputation is so bad?

Maybe, just maybe, 40 some percent of the population running around doing fine but saying it's so bad, and their ring leader trashing it every time someone will listen?

by **GRR Spartan** 2024-11-01, 08:42

Have any of you folks flown domestic or international flights in the last 18 months while we’ve heard the MAGA crowd’s din about inflation? Over the last 18 months I have flown to both coasts several times, to Ireland and most recently to Calgary to visit Banff. All originated from GRR or DTW and in every case they were sold out.

When did so many poor people whose lives are being ravaged by inflation start using air travel again creating long lines at check in, stuffing carryons into every overhead bin, more long lines at baggage carousels?

by AvgMSUJoe 2024-11-01, 08:49

Right and every metric shows record spending... but we are supposed to be in some sort of post economic dystopia... I think this is one of the Russians biggest hits online because you start whining about $ and every person who thinks "it should be easier" jumps on that bandwagon.

by PennSpartan 2024-11-01, 09:27

sεяεηιτλ wrote:
TravelinMan wrote:The only thing wrong with the economy is its reputation.

I wonder why the reputation is so bad?

Maybe, just maybe, 40 some percent of the population running around doing fine but saying it's so bad, and their ring leader trashing it every time someone will listen?

WARNING: This post contains opinion. If you are easily offended DO NOT READ.

Or maybe, just maybe, the Biden Administration has done a piss poor job of promoting itself. Inflation isn’t bothering me at all. My investments are booming and have far outpaced inflation. The economy is doing quite well. But you never hear that from Biden or Harris. In fact some of her ads start off with “inflation is hurting everyone”. JFC, stop shooting yourself in the foot. Trump claimed his economy was the best in the history of the world, even though it wasn’t. But people believed it.

by **DWags** 2024-11-01, 09:39

PennSpartan wrote:
Maybe, just maybe, 40 some percent of the population running around doing fine
Or maybe, just maybe, the Biden Administration has done a piss poor job of promoting itself. Inflation isn’t bothering me at all. My investments are booming and have far outpaced inflation. The economy is doing quite well. But you never hear that from Biden or Harris. In fact some of her ads start off with “inflation is hurting everyone”. JFC, stop shooting yourself in the foot. Trump claimed his economy was the best in the history of the world, even though it wasn’t. But people believed it.

I don't understand \why they didn't use all that money for doing and saying just that. All those Hollywood clever people could make great clever adds. It's almost like they want to lose.

by **Trapper Gus** 2024-11-01, 10:07

PennSpartan wrote:
sεяεηιτλ wrote:

I wonder why the reputation is so bad?

Maybe, just maybe, 40 some percent of the population running around doing fine but saying it's so bad, and their ring leader trashing it every time someone will listen?
WARNING: This post contains opinion. If you are easily offended DO NOT READ.

Or maybe, just maybe, the Biden Administration has done a piss poor job of promoting itself. Inflation isn’t bothering me at all. My investments are booming and have far outpaced inflation. The economy is doing quite well. But you never hear that from Biden or Harris. In fact some of her ads start off with “inflation is hurting everyone”. JFC, stop shooting yourself in the foot. Trump claimed his economy was the best in the history of the world, even though it wasn’t. But people believed it.

They tried that for months & months and no one, even posters on this board, would accept that message.

If anyone would post all the positives in the economy hordes would start posting about the price of meat, McDonald's & gasoline.

by TravelinMan 2024-11-01, 11:32

sεяεηιτλ wrote:
TravelinMan wrote:The only thing wrong with the economy is its reputation.

I wonder why the reputation is so bad?

Maybe, just maybe, 40 some percent of the population running around doing fine but saying it's so bad, and their ring leader trashing it every time someone will listen?

Eh, maybe. Personally, I think 50 percent of the folks live below the median and bitch no matter what the economy is like.

by **Floyd Robertson** 2024-11-08, 15:19

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

Donald Trump has proposed tariffs on all imports — and shoppers could soon face steep prices, a retail trade association warned.

On the campaign trail, Trump — now the president-elect — proposed adding a tariff of 10 to 20 percent on all imports — and a 60 to 100 percent tariff on imports from China specifically.

These tariffs would put a significant burden on shoppers, according to the National Retail Federation (NRF) CEO Matthew Shay.

“The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to a tax on American families,” Shay told Fox Business. “It will drive inflation and price increases and will result in job losses.”

American consumers could lose between $46 billion and $78 billion in spending power each year if the president-elect’s proposals are implemented, a study this week from the NRF shows.

“A growing body of economic research concludes tariffs would have a net negative impact on the United States, with results ranging up to $7,600 in additional costs annually per household,” the study reads.

In a statement, NRF Vice President of Supply Chain and Customs Policy Jonathan Gold explained: “A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter. This tax ultimately comes out of consumers’ pockets through higher prices.”

I know this was mentioned elsewhere, but it should be noted here, too. Hold onto your butts.

by **Trapper Gus** 2024-11-09, 11:12

Floyd Robertson wrote:Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

Donald Trump has proposed tariffs on all imports — and shoppers could soon face steep prices, a retail trade association warned.

On the campaign trail, Trump — now the president-elect — proposed adding a tariff of 10 to 20 percent on all imports — and a 60 to 100 percent tariff on imports from China specifically.

These tariffs would put a significant burden on shoppers, according to the National Retail Federation (NRF) CEO Matthew Shay.

“The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to a tax on American families,” Shay told Fox Business. “It will drive inflation and price increases and will result in job losses.”

American consumers could lose between $46 billion and $78 billion in spending power each year if the president-elect’s proposals are implemented, a study this week from the NRF shows.

“A growing body of economic research concludes tariffs would have a net negative impact on the United States, with results ranging up to $7,600 in additional costs annually per household,” the study reads.

In a statement, NRF Vice President of Supply Chain and Customs Policy Jonathan Gold explained: “A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter. This tax ultimately comes out of consumers’ pockets through higher prices.”

I know this was mentioned elsewhere, but it should be noted here, too. Hold onto your butts.

We saw how they used the pandemic to increase profits via unjustified price increases. It looks like they might get a second bite of that apple.

by **Floyd Robertson** 2024-11-13, 11:48

Are groceries more expensive than last year?

Balmer is a weirdo but this series of things he's done with USA facts has been kind of interesting.

Grocery store food prices increased 1.3% from September 2023 to September 2024.[1] That was less than the increase of 2.4% for commodities such as gasoline, utilities, consumer goods, apparel, medical services. It was also lower than the 2% FED inflation target, which is a long-term inflation target that aims to foster stable economic development.

Of course it's all about eggs.

And gas.

by **Trapper Gus** 2024-11-13, 13:46

CONSUMER PRICE INDEX - OCTOBER 2024

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in October, the same increase as in each of the previous 3 months, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.6 percent before seasonal adjustment.

The index for shelter rose 0.4 percent in October, accounting for over half of the monthly all items increase. The food index also increased over the month, rising 0.2 percent as the food at home index increased 0.1 percent and the food away from home index rose 0.2 percent. The energy index was unchanged over the month, after declining 1.9 percent in September.

The index for all items less food and energy rose 0.3 percent in October, as it did in August and September. Indexes that increased in October include shelter, used cars and trucks, airline fares, medical care, and recreation. The indexes for apparel, communication, and household furnishings and operations were among those that decreased over the month.

The all items index rose 2.6 percent for the 12 months ending October, after rising 2.4 percent over the 12 months ending September. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 4.9 percent for the 12 months ending October. The food index increased 2.1 percent over the last year.

https://www.bls.gov/news.release/cpi.nr0.htm

by TravelinMan 2024-11-13, 13:48

So does this mean Biden is still killing it?

(And by killing it, we obviously mean the Democratic Party?)

by **Trapper Gus** 2024-11-13, 13:52

TravelinMan wrote:So does this mean Biden is still killing it?

(And by killing it, we obviously mean the Democratic Party?)

Yes, but people are too stupid to know what is going on. look at you bitching about the price of eggs.

by TravelinMan 2024-11-13, 13:54

Trapper Gus wrote:
TravelinMan wrote:So does this mean Biden is still killing it?

(And by killing it, we obviously mean the Democratic Party?)

Yes, but people are too stupid to know what is going on. look at you bitching about the price of eggs.

Inflation continues on record pace. - Page 20 Head-in-the-sand

by **Trapper Gus** 2024-11-13, 13:58

TravelinMan wrote:
Trapper Gus wrote:

Yes, but people are too stupid to know what is going on. look at you bitching about the price of eggs.

But you are bitching about the price of eggs, so you are not all that fine.

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