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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%

#601

Post by DubiousPusher »

Jalad wrote: post #449
xvedejas wrote: post #372

Earlier quoted context omitted.

I'm riding my bike a lot more to get places, rather than just for recreation; and it seems this is true for many around me as well.

I'm planning on getting a bike to commute to work. I don't have a car right now and also don't really want to buy one because it's a huge expense. My only regret is that it's much harder to get groceries with a bike so I might end up walking instead for that.

Yeah and don't forget that buying the car itself is just the start. Even if you don't get a loan you need to pay for registration, insurance, maintenance and gas.

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

#602

Post by rr888 »

bluedino wrote: post #177
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.

The vehicle we bought cost over 10% what the same vehicle would have cost last year. Groceries are 40% more than they were. Utility bill is up nearly 50%. Clothes and shoes don't seem to be more expensive, they just don't seem to go on sale anymore. Our neighbors had a new roof installed and spend almost double what we did 3 years ago, we have nearly the same house and the same contractor did it. Fast food has gone w…

> We won't even talk about gas.

Well that went down in price in July, and is one of the reasons inflation was flat in todays CPI.

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

#604

Post by squeaky-clean »

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.

I was complaining about Oreo prices to my friend group on Discord literally last night!

It's been a long time since I've had an Oreo but I cannot bring myself to pay $6.99 for a 14oz package of oreos when I can bake my own cookies for pennies.

Not quite the same as an oreo though. Target had a store brand oreo-type cookie that was IMO even better than the real thing. Used to be $1 for a 14oz package but they've since stopped selling it...

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

#607

Post by 88913527 »

gt565k wrote: post #485
kjkjadksj wrote: post #453

Earlier quoted context omitted.

Its tough when you live in an apartment with no storage. You often are paying more because you dont have room for bulk. Costco is great if you have a garage or basement though

What I do is buy meat in bulk from costco and marinate and preseason then cut it up and vacuum seal it with a $30 vacuum sealer and sousivide bags from amazon. I can then stuff my freezer with ready to cook chicken, steak, fish, etc. I just take it out the night before to thaw in the fridge.

I find that grocery stores offer better pricing on occasion: ribeyes more than half off the ordinary market price, etc. If you have the vacuum sealing technology, you can be selective in your bulk purchases to maximize the financial benefits of timed purchases. Costco comes with a baseline level of quality but is less competitive on price. As you stock your freezer, you have the bandwidth to 'wait it out' until the next sale comes.

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

#608

Post by edhelas »

mirker wrote: post #416
xvedejas wrote: post #372

Earlier quoted context omitted.

I'm riding my bike a lot more to get places, rather than just for recreation; and it seems this is true for many around me as well.

But when you think about it, what’s the benefit of driving? For reasonably short drives you don’t save much time with parking in cities and you don’t get any exercise.

Damnit, don't tell the secret to car-people. We want our bicycle paths not too-overcrowded :p

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

#609

Post by ac29 »

silent_cal wrote: post #374
snapcaster wrote: post #215

Earlier quoted context omitted.

But they have to do something like this right? I mean, consumption patterns have obviously changed since the 1960s. I understand maybe the way they adjust isn't correct but if you think this is a really easy problem you probably haven't considered it enough

No they don't have to do something like this. The change in consumption patterns is caused by inflation and should be measured. If someone has to switch from buying steak to ground beef, it's not a change in preference. They've stopped buying something they can't afford.

> The change in consumption patterns is caused by inflation and should be measured

While inflation can change consumption patterns, its not the only factor. For example, how do you compare your current spending on a mobile data plan or video streaming service compared to how consumers spent their money in the 1970s?

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

#610

Post by jollyllama »

ajross wrote: post #542
scottLobster wrote: post #266

Great. All I know is I'm trading a lot more time for money this year. Way less takeout, avoiding toll roads unless it saves at least 30 minutes, fewer streaming services (will renew on a show-by-show basis), and food is getting so crazy I might start going to multiple stores to try and save money instead of my one consolidated trip to Wegmans. I'm also stuffing my freezer with meat and have a year's supply of non-per…

> not because I'm a prepper but because I know [meat will] be so much more expensive next year Want to take that bet? There's absolutely no reason to expect inflation borne of energy costs and trade disruption to continue. Remember (and so, so many people fail to understand this) that inflation is a year-over-year metric. The report today showing a drop in the "inflation rate" is actually showing an instantaneous dec…

>Want to take that bet?

GP literally did when he bought the meat.

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