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U.S. annual inflation rate drops to 8.5%

bls.gov

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Re: U.S. annual inflation rate drops to 8.5%

#21

Post by lake_vincent »

themitigating wrote: post #11
lake_vincent wrote: post #4

Quoted post unavailable.

What evidence do you have their data is false?

Cleverly not false, just misrepresented. What they choose to measure and not measure is what allows for a certain ability to coax the numbers in a certain direction.

https://www.forbes.com/sites/vineerbhansali/2021/02/23/why-p...

Re: U.S. annual inflation rate drops to 8.5%

#22

Post by evrydayhustling »

wun0ne wrote: post #3

Just as the transient inflation camp emptied...

I'm not sure there's a transient inflation camp to go back to - the cornerstone there was the idea that inflation could correct without big impacts on capital market, real economy, or fed policy. All of those ships have sailed. The upshot is it should be possible to discuss when inflation will slow down without being a denialist.

Re: U.S. annual inflation rate drops to 8.5%

#26

Post by jhallenworld »

https://www.mass.gov/info-details/massachusetts-home-heating...

Heating oil (diesel) is still 70% higher than last year.

I'm about to delete the oil heat, so have been watching this.. I will certainly be annoyed if it crashes back to the $2s next week (right after the conversion..)

https://www.eia.gov/dnav/ng/hist/n3010ma3m.htm

https://fred.stlouisfed.org/series/APUS11A72610

BTW, this site allows you to compare the different heating costs: you have to enter the current prices:

https://www.amsenergy.com/fuel-cost-calculator/

    $35.78  oil
    $24.94  gas
    $79.13  electricity resistance (100%)
    $39.57  electricity heat pump (200%)
(per million BTUs output from heater)

Re: U.S. annual inflation rate drops to 8.5%

#28

Post by carnitine »

lake_vincent wrote: post #17
erispoe wrote: post #5

Earlier quoted context omitted.

What is your evidence of higher inflation?

https://www.forbes.com/sites/vineerbhansali/2021/02/23/why-p... What the Fed calls inflation is not what you think it is.

Why? That says financial assets aren’t included in reporting of inflation. Why would one think they would be?

Re: U.S. annual inflation rate drops to 8.5%

#29

Post by fnordpiglet »

endisneigh wrote: post #7

What a shocker - drastic increases in the price of energy result in inflation, energy price goes down, inflation also begins to go down.

It’s almost like there’s some relationship between supply, demand, and price. It’s ok I’m sure google is working on an AI model to establish that.
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