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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%

#61

Post by post_break »

roflyear wrote: post #51
post_break wrote: post #36

Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.

Quoted post unavailable.

My natural gas bill used to be $16 before I used a single ccf, now it's over $20. This winter I'm going to keep the heat at 60. 1500 square foot house. My winter heating bill maxed out at like 60, I'm looking at double that this winter.

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

#64

Post by PaywallBuster »

shmatt wrote: post #48
phkahler wrote: post #42

Earlier quoted context omitted.

A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs). I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.

Quoted post unavailable.

stock is not 100% correlated with earnings/profiteering

https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/ar...

plenty of numbers down from 2021 including margins

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

#66

Post by roflyear »

post_break wrote: post #61
roflyear wrote: post #51

Earlier quoted context omitted.

Quoted post unavailable.

My natural gas bill used to be $16 before I used a single ccf, now it's over $20. This winter I'm going to keep the heat at 60. 1500 square foot house. My winter heating bill maxed out at like 60, I'm looking at double that this winter.

Yeah, $16-$20 is not huge. % wise sure but natural gas in the US is insanely cheap.

$60 for a month of heat for a 1500 sqft home is insanely cheap. If you had oil you'd be looking at north of $200.

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

#67

Post by dereg »

evrydayhustling wrote: post #9

It's a relief to see actual price drops in fuel and transport services hit before the end of the Summer travel season. Barring additional oil disruption, we can hope to see other prices (e.g. food) correct -- or at least stop growing so fast -- at a lag.

It's worth nothing that China, the world's largest consumer of jet fuel, has yet to restart its tourism machine, which will increase demand.

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

#68

Post by curiousllama »

jollyllama wrote: post #52
eCa wrote: post #16

Earlier quoted context omitted.

2% has been a long time goal. https://www.federalreserve.gov/faqs/economy_14400.htm

So they ought to keep hiking it then, if that's truly the goal.

More complicated. Inflation expectations, supply chain fixes, fiscal policy, data/reporting lag, etc all play in too. If it's declining, let it decline. Fed can only influence, not dictate, inflation.

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

#70

Post by queuebert »

jollyllama wrote: post #52
eCa wrote: post #16

Earlier quoted context omitted.

2% has been a long time goal. https://www.federalreserve.gov/faqs/economy_14400.htm

So they ought to keep hiking it then, if that's truly the goal.

They will. The market just still doesn't believe it.
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