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Never mind your eyes and the actual prices you're paying...inflation is over!!!

Posted on 11/14/23 at 9:57 am
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
1711 posts
Posted on 11/14/23 at 9:57 am
LINK

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy and giving a potential green light to the Federal Reserve to stop raising interest rates.

But if you read the very next paragraph...

The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month,

So month over month it's flat but year over year it's up 3.2% but don't look at that
Posted by nicholastiger
Member since Jan 2004
43091 posts
Posted on 11/14/23 at 10:00 am to
Everything will still be expensive until the man in the White House changes
Posted by Salmon
On the trails
Member since Feb 2008
83630 posts
Posted on 11/14/23 at 10:01 am to
I'm really confused as to what you are so upset about

It literally gives you all the information in that article.

The rate of inflation is slowing. It's a positive thing.
Posted by The Boat
Member since Oct 2008
164343 posts
Posted on 11/14/23 at 10:02 am to
Good news, inflation is over. Ignore that everything is up 50% from 2 years ago.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89620 posts
Posted on 11/14/23 at 10:03 am to
And not counting food or energy (which nobody needs/uses).
Posted by mmmmmbeeer
ATL
Member since Nov 2014
7441 posts
Posted on 11/14/23 at 10:03 am to
CPI is a lagging indicator.

Prices will never fall all the way back down or, perhaps, not fall much at all...corporations are gonna corporation. But flat? I'll take flat after the way the last year has been.
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 11/14/23 at 10:07 am to
quote:

inflation is over!!!
DRAMA QUEEN!!!!!!!!!!!!!!!

Nobody is saying "inflation is over." SMFH...
Posted by notiger1997
Metairie
Member since May 2009
58271 posts
Posted on 11/14/23 at 10:09 am to
Riveting information posted here
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38774 posts
Posted on 11/14/23 at 10:11 am to
quote:

inflation is over!!!


So dishonest. I can't stand when people that say this, or that it's slowing.

The prices aren't going back to what they were, they've just leveled off now that they are much higher.
Posted by lsufan1971
Zachary
Member since Nov 2003
18376 posts
Posted on 11/14/23 at 10:13 am to
Joe Biden has really delivered for the American people.

High Inflation
high Interest rates
High illegal immigration
.....
Posted by AUFANATL
Member since Dec 2007
3928 posts
Posted on 11/14/23 at 10:21 am to

The propagandists hate the issue of inflation because it's much harder for them to spin or pull the wool over people's eyes. Even the dumbest prole out there tends to notice sticker shock when they grab a few items at the grocery store, pay their bills, buy gas, shop for a used car, etc...

Posted by DVinBR
Member since Jan 2013
13042 posts
Posted on 11/14/23 at 10:27 am to
still well above the target, and probably will stay well above the target for who knows how long
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11829 posts
Posted on 11/14/23 at 10:28 am to
Unless you have deflation, the prices you see now are here to stay and are not returning to pre 2020 levels.

inflation has already happened.....and although it is slowing sown, that doesn't mean prices will return to old levels. that just means they are not growing as fast as they were last year.

Posted by chalmetteowl
Chalmette
Member since Jan 2008
47822 posts
Posted on 11/14/23 at 10:30 am to
Inflation isn’t a problem if you make enough money to cover it
Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1223 posts
Posted on 11/14/23 at 10:43 am to
Understanding the distinction between inflation and high prices is crucial for economic analysis.

Inflation is the CHANGE in prices in a basket of goods over time, which is DECELERATING. Stayed another way, inflation = the rate of change of prices. Just because prices are high doesn't mean inflation is accelerating, even if you don't like it!

Prices can still go up 2%/ year and the Fed can claim victory. Inflation “going away” won’t lower prices.
Posted by bayouvette
Raceland
Member since Oct 2005
4764 posts
Posted on 11/14/23 at 10:44 am to
Inflation is flat from last month! Yea. Let's forget about the last 2 years. Smh
Posted by Corinthians420
Iowa
Member since Jun 2022
6826 posts
Posted on 11/14/23 at 10:44 am to
quote:

sidewalkside

Never mind your eyes and the actual prices you're paying...inflation is over!!!

dude what are you freaking out about?

the article says "Inflation was flat in October from the prior month, core CPI hits two-year low"

not that all the inflation that happened is gone.
Posted by ABearsFanNMS
Formerly of tLandmass now in Texas
Member since Oct 2014
17506 posts
Posted on 11/14/23 at 10:53 am to
If you want to see the inflationary impact go to your Amazon account and order something. Before they take you to the checkout it tells you all the price changes that have occurred since you bought items last.
Posted by WB Davis
Member since May 2018
2090 posts
Posted on 11/14/23 at 11:02 am to
quote:

Never mind your eyes

Your acceleration can be zero when flying at the speed of sound.

Inflation can be zero when paying a fortune for basic goods.

OP doesn't seem to grasp the concepts.
Posted by Adajax
Member since Nov 2015
6148 posts
Posted on 11/14/23 at 11:03 am to
Groceries alone has gone up 10X 3.2%.
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