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July CPI Numbers: +3.2% YOY, Core +4.7% YOY, Up 0.2% From Last Month
Posted on 8/10/23 at 9:40 am
Posted on 8/10/23 at 9:40 am
CNBC
quote:
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.
Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. However, the annual rate was slightly below the 3.3% forecast though higher than June.
Excluding volatile food and energy prices so-called core CPI also increased 0.2% for the month, matching the estimate and equating to a 12-month rate of 4.7%, the lowest since October 2021. The annual rate for the core also was slightly below a Dow Jones consensus estimate for 4.8%.
8
Posted on 8/10/23 at 9:45 am to BengalOnTheBay
Posted on 8/10/23 at 9:46 am to boogiewoogie1978
About the only thing not high is me, though that would be nice to forget about the rest of this.
Posted on 8/10/23 at 9:48 am to BengalOnTheBay
Biden will brag about this.
But that’s like the Plumber you hired breaking a water line and flooding most of your house, then being proud of himself when he finally gets the water to stop.
Yeah the water stopped but the whole house is still screwed.
But that’s like the Plumber you hired breaking a water line and flooding most of your house, then being proud of himself when he finally gets the water to stop.
Yeah the water stopped but the whole house is still screwed.
Posted on 8/10/23 at 10:20 am to BengalOnTheBay
BULLSHITE!!!! Fuel went from 2.99 to 3.79 in July, according to my math that would be 21.2%. And I can't think of a single thing that went down in price
This post was edited on 8/10/23 at 10:21 am
Posted on 8/10/23 at 10:23 am to BengalOnTheBay
Only up cause last years number was very low i think 3.0
Shelter costs still lagging making up a majority of the report
Shelter costs still lagging making up a majority of the report
Posted on 8/10/23 at 10:41 am to BengalOnTheBay
quote:
July CPI Numbers: +3.2% YOY, Core +4.7% YOY, Up 0.2% From Last Month
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.
That's odd because while BLS is reporting it as 3.2% in some areas, it's reporting it as 3.3% in others.
LINK
Posted on 8/10/23 at 11:16 am to BengalOnTheBay
So inflation is waaay down from just a year ago, when 8% was regarded as the "new normal".
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
Posted on 8/10/23 at 11:17 am to tarzana
Wrong
Posted on 8/10/23 at 11:20 am to tarzana
You are a retard.
Posted on 8/10/23 at 11:34 am to BengalOnTheBay
Went up less.
Throw a party.
Throw a party.
Posted on 8/10/23 at 11:57 am to tarzana
quote:
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
Seeing how he derailed the train that you say he has now rerailed, no, I'm not giving him credit for jackshit as far as our economy is now on a slow roll.
Posted on 8/10/23 at 12:50 pm to tarzana
quote:
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
What is Bidenomics? What policies specifically help the average working American?
Posted on 8/10/23 at 1:00 pm to GBPackTigers
quote:
What policies specifically help the average working American?
Injecting stimulus to compensate for the private sector response to the fed rate increases. IOW, helping to keep the American worker working.
But it's not really different than what Reagan did in the early 80s.
Posted on 8/10/23 at 1:06 pm to tarzana
quote:
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
Posted on 8/10/23 at 1:07 pm to tarzana
quote:
So inflation is waaay down
You fricking moron
Posted on 8/10/23 at 1:12 pm to tarzana
quote:
So inflation is waaay down from just a year ago, when 8% was regarded as the "new normal".
Can we all meet at the table, sit down, take off the partisan glasses, and agree that Bidenomics is moving our economy down the right track?
So inflation is down for Biden when compared to most of his presidency. Lets compare his numbers to Trumps 4 years shall we. Bidenomics is a train wreck. Also, the current admin. has changed how they report/calculate these numbers to make them look better than they are. Finally, wait about 2-3 months when they revise them. You wont hear anyone in MSM talk about them though.
Posted on 8/10/23 at 1:19 pm to WildTchoupitoulas
quote:
Injecting stimulus to compensate for the private sector response to the fed rate increases. IOW, helping to keep the American worker working.
I should have been more clear. Excluding printing money to throw at your problems, what policies are helpful long term? (Example: tax cuts, curbing illegal immigration to stop the rise of cost- too many people chasing too few goods, also immigration is putting a hurt on healthcare institutions, energy sector in general…etc)
Posted on 8/10/23 at 1:30 pm to GBPackTigers
quote:
curbing illegal immigration to stop the rise of cost
Illegal immigration helps keep labor costs down.
quote:
what policies are helpful long term?
I think investing tax dollars in infrastructure could help long term.
Posted on 8/10/23 at 1:33 pm to BengalOnTheBay
quote:
Excluding volatile food and energy prices so-called core CPI also increased 0.2% for the month, matching the estimate and equating to a 12-month rate of 4.7%,
Haven’t read the thread but how many have read the above and came to the conclusion that removing food and energy made the inflation print better than it really is?
This post was edited on 8/10/23 at 1:34 pm
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