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Inflation Soared to 3.8% in April, Driven by Gasoline Prices
Posted on 5/12/26 at 9:49 am
Posted on 5/12/26 at 9:49 am
quote:
Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran.
The figures, reported Tuesday by the Labor Department, surpassed the previous month’s reported increase of 3.3%. Economists polled by The Wall Street Journal had expected inflation of 3.7%. The April increase was the highest in three years.
Prices excluding food and energy categories—the so-called core measure economists watch in an effort to better capture inflation’s underlying trend—rose 2.8%. That compared with forecasts for a 2.7% increase, and was a pickup from 2.6% the previous month.
quote:
Energy prices accounted for over 40% of the month-to-month increase.
Energy was up 18% from a year earlier; within that gasoline was up 28% and fuel oil jumped 54%.
Services excluding energy services were up 3.3% from a year earlier; within that, shelter was up 3.3% and transportation services were up 4.3%.
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Posted on 5/12/26 at 9:50 am to ragincajun03
No debt, no problem.
Posted on 5/12/26 at 9:50 am to ragincajun03
Posted on 5/12/26 at 9:54 am to ragincajun03
Is this unexpected? The article even says economists expected 3.7 and it was 3.8.
Posted on 5/12/26 at 9:55 am to The Pirate King
quote:
Is this unexpected?
Does only slightly exceeding expectations make it less of an issue?
Posted on 5/12/26 at 9:58 am to ragincajun03
Small price to ensure global security. Iran was days away from a nuke.
Posted on 5/12/26 at 9:58 am to ragincajun03
“The Golden Age”
Posted on 5/12/26 at 9:59 am to The Pirate King
quote:
Is this unexpected? The article even says economists expected 3.7 and it was 3.8.
Don’t worry, the OT brain trust will tell us when and why and for how long to panic.
Posted on 5/12/26 at 10:01 am to Wayne Campbell
quote:
Does only slightly exceeding expectations make it less of an issue?
From the financial markets perspective? Yeah. Expectations are baked into the markets. Wildly underestimating inflation = big problem, wildly overestimating inflation = big win. Dow's "only" down 1/2 a percent this morning. It would have been much worse if the expectations were missed by big amounts.
Posted on 5/12/26 at 10:04 am to c on z
quote:
“The Golden Age”
The Dow, Nasdaq, and S&P 500 are all at or near historical highs under this presidency, so yeah, it's pretty golden, chief.
Posted on 5/12/26 at 10:15 am to The Pirate King
quote:
The Dow, Nasdaq, and S&P 500 are all at or near historical highs under this presidency, so yeah, it's pretty golden, chief.
The Dow and S&P 500 have reached historical highs under each President, at least from as far back as I can view the charts on Google. The Nasdaq has done so each Presidential term since Obama II, after recovering from the dot com crash.
So I guess it’s all been Golden Age under the past several Presidents…Obama, Trump and Biden included.
This post was edited on 5/12/26 at 10:19 am
Posted on 5/12/26 at 10:17 am to c on z
quote:
c on z
It's funny when a Biden/Kamala voter starts commenting about gas prices/inflation/economy/etc...
Posted on 5/12/26 at 10:19 am to jizzle6609
quote:
No debt, no problem.
What does this even mean?
Posted on 5/12/26 at 10:23 am to ragincajun03
quote:
The Dow and S&P 500 have reached historical highs under each President, at least from as far back as I can view the charts on Google. The Nasdaq has done so each Presidential term since Obama II, after recovering from the dot com crash.
So I guess it’s all been Golden Age under the past several Presidents…Obama, Trump and Biden included.
Perhaps the sky screaming hasn't been warranted under any of these administrations?
Posted on 5/12/26 at 10:41 am to ragincajun03
I would not at all be surprised to see the Fed raise rates .25 at their next meeting. Regardless, there will be no cuts in 2026 and probably not even the first half of 2027.
Posted on 5/12/26 at 10:43 am to ragincajun03
Now do inflation on f*cking insurance.
My health insurance premium has almost doubled.
Homeowner's insurance has increased also.
Posted on 5/12/26 at 10:45 am to Powerman
quote:
What does this even mean?
quote:
No debt, no problem.
I guess he means he has no debt so inflation does not come into play with his everyday life needs. Just a guess on my part
Posted on 5/12/26 at 10:46 am to ragincajun03
quote:
Prices excluding food and energy categories—the so-called core measure economists watch in an effort to better capture inflation’s underlying trend—rose 2.8%
Prices were going up even before gas prices skyrocketed. With the way things are going we are looking worse over the summer.
Plus it's hard to see the Fed raising interest rates like they should in this political climate.
Looks like prices are going to go up big
Posted on 5/12/26 at 10:58 am to Colonel Angus
quote:SDVTiger will stroke out...
I would not at all be surprised to see the Fed raise rates .25 at their next meeting.
I've been posting for about the last 5 months that the Fed needed to raise rates.
Inflation has been way above the Fed's maximum target rate of 2% and it's getting worse..
We're getting close to the point where only a steep recession will bring inflation down to under the Fed's target rate. We won't enjoy that.
Posted on 5/12/26 at 11:08 am to The Pirate King
And what about from the consumer’s perspective?
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