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Started By
Message
re: ABC News: Economics expect MoM inflation to clock in at 3.8%
Posted on 5/12/26 at 7:20 am to joshnorris14
Posted on 5/12/26 at 7:20 am to joshnorris14
I’m old enough to see the failed attempt at controlling Iran nuclear ambitions and their terrorist activity. Hell I’m even old enough to remember tens of billions in cash being allowed into the Iranian coffers by Biden and his puppet master Obama to keep them from going nuclear enrichment.
0
Posted on 5/12/26 at 7:23 am to cajunangelle
quote:
Locally, families that have never done so are going to food banks. It was all over the local news.
Not because of inflation.
Did they lose a job?
Thats why families go to food banks.
How much were they making 12 months ago vs now.
Posted on 5/12/26 at 7:24 am to BHS78
quote:
So they including gas prices for inflation index again.
The standard "headline" Consumer Price Index (CPI-U) includes food and energy costs. Always has. Core CPI does not.
Posted on 5/12/26 at 7:25 am to joshnorris14
Those items you mentioned can be reduced easily enough as oil futures drop again peace in Mideast. That would make it a short term thing
Posted on 5/12/26 at 7:27 am to Nosevens
quote:
Those items you mentioned can be reduced easily enough as oil futures drop again peace in Mideast. That would make it a short term thing
Short term.
Posted on 5/12/26 at 7:28 am to Mo Jeaux
How wouldnt it be short term?
Posted on 5/12/26 at 7:28 am to Mo Jeaux
I've seen some guys in alt media say the real price shocks come in the fall. IDK.
Posted on 5/12/26 at 7:29 am to Bunk Moreland
The fertilizer disruption has a lagging impact because, you know, we are growing those crops now and that takes time.
Posted on 5/12/26 at 7:30 am to Nosevens
quote:
Those items you mentioned can be reduced easily enough as oil futures drop again peace in Mideast. That would make it a short term thing
I'm not on board with paying $5 a gallon for gasoline over Iran, Israel, Italy, Nigeria, Mexico, Ireland or any country. Whatever happened to America First? Iran is and will always be Israel's problem not ours. The American consumer is getting screwed over right now all because Iran was supposedly "two weeks" away from a nuke which is something that they have been saying since I was in college in the early 2000's. Make it make sense.
Posted on 5/12/26 at 7:31 am to Bunk Moreland
I remember you and SFP saying the same thing with Tarrifs
You just wait and see. Look to the Fall
You just wait and see. Look to the Fall
Posted on 5/12/26 at 7:33 am to SDVTiger
I think I read something about a month ago that the last of the ships that left Hormuz before the conflict finally reached their destinations. There has basically been no commerce through that area for two months now other than a few ships here and there. Maybe we luck out and it's only poor countries that take a hit.
This post was edited on 5/12/26 at 7:37 am
Posted on 5/12/26 at 7:36 am to Bunk Moreland
On the button.
It sucks, but it is necessary.
It sucks, but it is necessary.
Posted on 5/12/26 at 7:38 am to joshnorris14
Do gas prices and airfares affect the rate of inflation?
ETA: I meant CPI, sorry I’m dumb today
ETA: I meant CPI, sorry I’m dumb today
This post was edited on 5/12/26 at 7:45 am
Posted on 5/12/26 at 7:38 am to offshoretrash
quote:
Wrong, the key reason inflation was so high under Biden was because we were giving millions of illegals billions of dollars.
Maybe not inflation but definitely created more issues than we need - an just for votes nonetheless
Posted on 5/12/26 at 7:41 am to Narax
The news said they cant afford all bills and mostly groceries. Not every town is baller status in the USA.
Just repeating the local news, dont spazz.
Just repeating the local news, dont spazz.
This post was edited on 5/12/26 at 7:42 am
Posted on 5/12/26 at 7:41 am to OceanMan
quote:
Do gas prices and airfares affect the rate of inflation?
Energy is typically taken out of "core" inflation because of its volatility.
However, it does impact consumer prices (fuel to deliver freight, people, etc. increases those costs).
Posted on 5/12/26 at 7:42 am to BHS78
quote:
So they including gas prices for inflation index again.
The way they handle the "basket of goods" is such bullshite and can easily manipulate the numbers
Posted on 5/12/26 at 7:43 am to cajunangelle
quote:
The news said they cant afford all bills and mostly groceries.
They should suck it up and be grateful they are allowed to pay more for basic goods - Sincerely, PT Trumpkins
Posted on 5/12/26 at 7:45 am to OccamsStubble
quote:
Inflation is a function of increasing the money supply without increasing the value backing it. Since there’s 24T in worldwide dollars and we print 2T per year, US inflation is 8% annually.
This. Math doesn't care about politics.
Posted on 5/12/26 at 7:45 am to joshnorris14
No way we get a rate cut this year
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