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Started By
Message
Consumer prices rose 7.1% last month compared to a year ago
Posted on 12/13/22 at 9:07 am
Posted on 12/13/22 at 9:07 am
quote:
Consumer prices rose 7.1% last month compared to a year ago, continuing a monthslong decline from a 40-year record reached over the summer.
Economists had predicted a CPI increase of 7.2%.
Monthly inflation also fell significantly. Prices rose 0.1% in November, cooling down from a 0.4% increase in October.
The top contributor to the monthly price increase came from shelter costs, which rose 0.6% in November. Food prices also jumped over the month, rising 0.5%.
But prices fell for a host of goods, including gasoline, used cars and trucks and medical services.
The decline in inflation follows a string of aggressive rate hikes from the Federal Reserve aimed at bringing prices down to normal levels.
The inflation data arrives a day before the Fed is expected to impose another borrowing cost increase. Economists project the Fed will raise rates by 0.5% on Wednesday, a slowdown from three consecutive jumbo-sized rate hikes of 0.75% but still a significant intensification of its fight against price increases.
LINK
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Posted on 12/13/22 at 9:09 am to RLDSC FAN
quote:
rose 7.1% last month
Many of the manufacturers I buy from have gone up 35%+ in the past year.
Posted on 12/13/22 at 9:10 am to RLDSC FAN
EVERYTHING has doubled in price from 2 years ago, EVERYTHING
Posted on 12/13/22 at 9:10 am to TechDawg2007
quote:
EVERYTHING has doubled in price from 2 years ago, EVERYTHING
EVERYTHING except my paycheck......
Posted on 12/13/22 at 9:11 am to RLDSC FAN
Joe said it's ok. Everywhere else has it worse.
Posted on 12/13/22 at 9:12 am to RLDSC FAN
quote:
continuing a monthslong decline
The actual frick is this language?
Posted on 12/13/22 at 9:12 am to RLDSC FAN
they're just gonna repeat the 7% lie until people believe it
Posted on 12/13/22 at 9:13 am to RLDSC FAN
quote:
Consumer prices rose 7.1% last month compared to a year ago
But ABC News told me this was good news this morning.
Posted on 12/13/22 at 9:13 am to Shexter
quote:
Many of the manufacturers I buy from have gone up 35%+ in the past year.
Same. I work for O&G doing proposal work on new equipment... EVERYTHING is up at least 15% and sometimes as high as 40%. Margin erosion is real and hurts.
Posted on 12/13/22 at 9:14 am to BlueCheckCertified
I read that as a moth's schlong decline.
Posted on 12/13/22 at 9:16 am to RLDSC FAN
We will have deflation before we know it.
Posted on 12/13/22 at 9:16 am to RLDSC FAN
quote:
Consumer prices rose 7.1% last month compared to a year ago
Bidens* America
Posted on 12/13/22 at 9:18 am to Shexter
quote:
EVERYTHING except my paycheck......
And wage adjustments are going to exacerbate the issue.
Posted on 12/13/22 at 9:18 am to RLDSC FAN
...and now we have mean tweets again.
Posted on 12/13/22 at 9:19 am to Shexter
quote:
Many of the manufacturers I buy from have gone up 35%+ in the past year.
Same. Minimum everything is up 15%. Some things are up over 40%. It is brutal as a small business. My national competitors can hold older pricing longer because of volume, other branches, etc. The margin for error in job quotes and inventory/order valueing is essentially getting close to 0 for me.
You add in the brutal fight to find and keep employees along with rising healthcare costs, taxes, and increased operating costs, and the future looks like a long hard climb up Everest.
It's getting harder and harder and I don't see it getting better anytime soon.
This post was edited on 12/13/22 at 9:22 am
Posted on 12/13/22 at 9:20 am to RLDSC FAN
Well, the racist pedophile did say this would happen (when he could actually articulate a point).
Keep voting Democrat!
Keep voting Democrat!
Posted on 12/13/22 at 9:25 am to RLDSC FAN
My two gripes:
18 Large Eggs at Walmart were $6.22 last week. MFers were $3 a year ago.
And this 'worst kept secret of decent cheap salad dressings' was $.92/bottle for years. Then jumped to $1.97 last Summer or so.
On the flipside, at least chicken breasts have come back down. Got some for $1.47/lb from Rouses Sunday.
18 Large Eggs at Walmart were $6.22 last week. MFers were $3 a year ago.
And this 'worst kept secret of decent cheap salad dressings' was $.92/bottle for years. Then jumped to $1.97 last Summer or so.
On the flipside, at least chicken breasts have come back down. Got some for $1.47/lb from Rouses Sunday.
This post was edited on 12/13/22 at 9:26 am
Posted on 12/13/22 at 9:26 am to RLDSC FAN
That's a hell of a spin. Like it's not gone but just that the increase decreased from last month 
So it's still going up
So it's still going up
Posted on 12/13/22 at 9:32 am to HailToTheChiz
quote:
That's a hell of a spin. Like it's not gone but just that the increase decreased from last month
So it's still going up
It went up 7.1% compared to this month last year.
It only went up 0.1% - 0.2% month over month which is in the range of what we want. We don't want major deflation.
Posted on 12/13/22 at 9:36 am to RLDSC FAN
BFD.
The economy is in the shitter. People are working 2 jobs to make ends meet. Depleting their 401k's and running up huge credit card debt. Wait till after the holidays Bankruptcies and divorces will sky rocket.
Thanks Joe.
The economy is in the shitter. People are working 2 jobs to make ends meet. Depleting their 401k's and running up huge credit card debt. Wait till after the holidays Bankruptcies and divorces will sky rocket.
Thanks Joe.
This post was edited on 12/13/22 at 9:49 am
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