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Posted on 7/12/23 at 11:33 am to kywildcatfanone
quote:
Democrat spin is democrat spin
ETA: Florida is America's inflation hotspot
This post was edited on 7/12/23 at 11:35 am
Posted on 7/12/23 at 11:34 am to RLDSC FAN
"It's not that bad" 
Posted on 7/12/23 at 11:45 am to JohnnyKilroy
quote:
quote:
That headline is such BS quote:Stripping out volatile food and energy prices Take out the two most important things to daily life and inflation is not bad!!!!
You realize they are saying inflation is “worse” by taking those things out of the equation, right?
The inflation metric with those items added back in is 3%. With it out, 4.8%
Also, the reason core inflation is reported is because it is the part of inflation considered to be within the reach of monetary policy. Prices swings in food and energy are volatile and largely related to global weather conditions, natural disasters, geopolitical conflicts, etc.
I'm not sure why anyone think it is deceitful for them to report core inflation. In this instance, it makes the overall inflation of 3% not seem as rosy.
Posted on 7/12/23 at 11:46 am to RLDSC FAN
I doubt everything put out by our government and our media. They've blown their credibility.
Posted on 7/12/23 at 11:52 am to Strannix
quote:
Meanwhile a new 1500 is 93k dollars
All-Star has a brand new Silverado 1500 for $44k.
Posted on 7/12/23 at 12:01 pm to RLDSC FAN
Stopped reading at CNBC.
Posted on 7/12/23 at 12:22 pm to RLDSC FAN
quote:
which measures a broad swath of prices for goods and services, rose 0.2%.
What are they monitoring, the price of Ramen Noodles at the grocery store.
Insurance if you can get it in South Louisiana is up almost 100% in some areas in one year. Government priced Flood Insurance is going up 18% for some folks and nearly 400% on new policies. Car prices are up almost 30-40% since the start of the pandemic. Meats have gone up nearly 50% or more depending on when you buy them.
Credit card interest rates are near 30%. Mortgage rates are near 6-8%.
Gas prices have stabilized depending on your location. Cali is always high due to taxes and higher production costs.
This post was edited on 7/12/23 at 12:27 pm
Posted on 7/12/23 at 12:24 pm to RLDSC FAN
Look at the core inflation number.
That’s the one that counts. It was up nearly 5%.
That’s your groceries.
That’s the one that counts. It was up nearly 5%.
That’s your groceries.
Posted on 7/12/23 at 12:27 pm to Rebel
quote:
Look at the core inflation number. That’s the one that counts. It was up nearly 5%. That’s your groceries.
Core excludes food.
Posted on 7/12/23 at 12:28 pm to stout
quote:
Take out the two most important things to daily life and inflation is not bad!!!!
you will eat nothing, go no where, and take cold showers and you will be happy
Posted on 7/12/23 at 12:34 pm to Rebel
quote:
Look at the core inflation number.
quote:
That’s your groceries.
It’s quite literally not.
Posted on 7/12/23 at 4:00 pm to Strannix
WT
Posted on 7/12/23 at 4:14 pm to slackster
quote:
All-Star has a brand new Silverado 1500 for $44k.
And that same truck was $10k or more cheaper in 2020. Great example though.
Posted on 7/12/23 at 5:05 pm to Duke
quote:
A little too kneejerk on the narrative there huh?
We are talking about Stout.
Posted on 7/12/23 at 5:09 pm to RLDSC FAN
bullshite it did.
Posted on 7/12/23 at 5:14 pm to RLDSC FAN
That tend to happen right before a recession
Posted on 7/12/23 at 5:38 pm to Dawgfanman
quote:
So does that mean I won’t be able to buy a new house for 200k and a new full size SUV for 30k by the end of the year?
Lol those days are gone gone and not coming back
Posted on 7/12/23 at 7:15 pm to LNCHBOX
quote:
And that same truck was $10k or more cheaper in 2020. Great example though.
And?
Using a $95,000 1500 with more bells and whistles on it than any 1500 ever is useless for comparing inflation.
Using a work truck is much better, and yes, vehicle prices are up quite a bit. They’re not going down - they never do - but the speed with which they increase has slowed considerably.
Posted on 7/12/23 at 7:18 pm to Tornado Alley
quote:
Stripping out volatile food and energy prices, core CPI rose 4.8% from a year ago and 0.2% on a monthly basis.
So other than that, Mrs. Lincoln, how was the play?
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