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  • Joe Turns inflation around....again

    From ScottW@21:1/5 to All on Thu Sep 14 07:32:54 2023
    The Consumer Price Index (CPI), a broad measure of the prices of everyday goods, increased 3.7% on an annual basis in August, compared to 3.2% in July, according to the BLS.

    Wanna do the math on how much inflation is inflating month to month since Joe's "Bidenomics is working" campaign?

    ScottW

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  • From mINE109@21:1/5 to ScottW on Thu Sep 14 10:26:19 2023
    On 9/14/23 9:32 AM, ScottW wrote:
    The Consumer Price Index (CPI), a broad measure of the prices of
    everyday goods, increased 3.7% on an annual basis in August, compared
    to 3.2% in July, according to the BLS.

    Less than last year's peak inflation of around 8%. Core CPI is down year-to-year.

    Wanna do the math on how much inflation is inflating month to month
    since Joe's "Bidenomics is working" campaign?

    Which CPI? Taking out volatile food and energy, prices are up .3% in
    August. Looking at food and energy, food is up .2% so that leaves
    energy, up 5.6%, leading the increase. Of course, energy is down
    year-to-year, despite the recent Saudi actions to increase prices.

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  • From Art Sackman@21:1/5 to All on Thu Sep 14 15:18:51 2023
    On Thursday, September 14, 2023 at 11:26:21 AM UTC-4, mINE109 wrote:

    Which CPI? Taking out volatile food and energy, prices are up .3% in
    August.


    Taking out things that go up, it doesn't look so bad.

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  • From ScottW@21:1/5 to Art Sackman on Thu Sep 14 18:34:06 2023
    On Thursday, September 14, 2023 at 3:18:53 PM UTC-7, Art Sackman wrote:
    On Thursday, September 14, 2023 at 11:26:21 AM UTC-4, mINE109 wrote:

    Which CPI? Taking out volatile food and energy, prices are up .3% in August.
    Taking out things that go up, it doesn't look so bad.

    If Stephen was running the fed we'd have negative interest rates
    as he confuses prices with inflation rates.

    Scottw

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Fri Sep 15 09:55:10 2023
    On 9/14/23 8:34 PM, ScottW wrote:
    On Thursday, September 14, 2023 at 3:18:53 PM UTC-7, Art Sackman wrote:
    On Thursday, September 14, 2023 at 11:26:21 AM UTC-4, mINE109 wrote:

    Which CPI? Taking out volatile food and energy, prices are up .3% in
    August.
    Taking out things that go up, it doesn't look so bad.

    You'll notice I specified whether food and gas went up or down.

    If Stephen was running the fed we'd have negative interest rates
    as he confuses prices with inflation rates.

    You know there are different measures of prices: CPI, core CPI, producer
    price, etc.

    The core Producer Price Index is also out:

    https://www.cnbc.com/2023/09/14/ppi-inflation-report-august-2023-.html

    "However, excluding food and energy, the PPI climbed 0.2%, in line with
    the estimate. On a 12-month basis, core PPI increased 2.1%, its lowest
    annual level since January 2021. Excluding food, energy and trade
    services, the PPI increased 0.3%."

    --- SoupGate-Win32 v1.05
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  • From ScottW@21:1/5 to All on Fri Sep 15 09:14:57 2023
    On Friday, September 15, 2023 at 7:55:13 AM UTC-7, mINE109 wrote:
    On 9/14/23 8:34 PM, ScottW wrote:
    On Thursday, September 14, 2023 at 3:18:53 PM UTC-7, Art Sackman wrote:
    On Thursday, September 14, 2023 at 11:26:21 AM UTC-4, mINE109 wrote:

    Which CPI? Taking out volatile food and energy, prices are up .3% in
    August.
    Taking out things that go up, it doesn't look so bad.
    You'll notice I specified whether food and gas went up or down.
    If Stephen was running the fed we'd have negative interest rates
    as he confuses prices with inflation rates.
    You know there are different measures of prices: CPI, core CPI, producer price, etc.

    The core Producer Price Index is also out:

    https://www.cnbc.com/2023/09/14/ppi-inflation-report-august-2023-.html

    "However, excluding food and energy, the PPI climbed 0.2%, in line with
    the estimate. On a 12-month basis, core PPI increased 2.1%, its lowest annual level since January 2021. Excluding food, energy and trade
    services, the PPI increased 0.3%."

    UAW plans to fix that in a hurry.

    ScottW

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