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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%

#91

Post by gus_massa »

snarf21 wrote: post #56
300bps wrote: post #8

Energy prices down 4.6% Gasoline prices down 7.7% Food prices up 1.1% Shelter prices up 0.5% So the minor overall reduction was by far gasoline.

Which makes sense because all other things in the CPI use oil to make and distribute goods. I've stopped paying attention to inflation numbers because they are all lies. The current CPI basket is complete nonsense. The numbers are built in such a way to always have low inflation unless oil prices go way up. Before this recent spike, inflation was "at historic lows and near zero". Really? Things aren't any more expens…

Perhaps I misunderstood your comment, but note that "at historic lows and near zero" means that the prices in 2022 are very similar to the prices in 2021, not that the prices went back to the old values in 2019.

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

#92

Post by post_break »

roflyear wrote: post #78
ChrisLomont wrote: post #72

Earlier quoted context omitted.

>But my electricity price literally doubled. What supplier and location, out of curiosity?

Quoted post unavailable.

My previous plan was 8c per kWh, it's now 16c per kWh. I live in Texas where you shop for rates. Before you're quick to crap on comments give a little benefit of the doubt.

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

#93

Post by wil421 »

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.

It’s costs me about $100-$160 a month in the winter for gas to heat my home in the Deep South. My area is upgrading gas lines and now the base surcharge is $35. However that’s not a forever charge.

My price per therm has more than doubled when I renewed this year. That won’t mean my bill doubled as there about $40 or so in fixed costs before gas use is accounted for.

Edited winter numbers above:

December: $100

January: $120*

February: $160

March: $90

*out of town for one week.

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

#94

Post by roflyear »

lettergram wrote: post #85
roflyear wrote: post #78

Earlier quoted context omitted.

Quoted post unavailable.

https://www.texaselectricityratings.com/resources/historical... Says the guy who can’t spend 2 seconds searching. Energy prices at least doubled in Texas. And was relatively stable 2016 through mid 2021

No post body was provided.

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

#96

Post by butterguns »

roflyear wrote: post #78
ChrisLomont wrote: post #72

Earlier quoted context omitted.

>But my electricity price literally doubled. What supplier and location, out of curiosity?

Quoted post unavailable.

State of New Hampshire, 112% increase: https://www.puc.nh.gov/Regulatory/Orders/2022orders/Document...

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

#97

Post by radioactivist »

So the year over year CPI increase each month this year (starting from January) was 7.5%, 7.9%, 8.5%, 8.3%, 8.6%, 9.1%, 8.5%. So this value has been jumping around a bit as it has been going up. This drop is being taken as good news -- but I worry whether this is really a meaningful drop or whether we are just over interpreting what could be a fundamentally noisy metric?

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

#100

Post by mercy_dude »

oblio wrote: post #59
mercy_dude wrote: post #43

Quoted post unavailable.

There are a gazillion independent groups looking at economic data. What makes you think the government is able to falsify these numbers more than usual? This is not Turkey, where they had to use all sorts of proxy measures to figure out the government was lying (and by how much).

No post body was provided.
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