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Notice that they attacked the source, rather than addressed the argument. Inflation is definitely higher than 7.7%. Seems to me there's a lot more energy going into that propaganda wave than anything else.
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Which is partly what we’re seeing. CPI rose 0.4% MoM in October, or 4.8% seasonally adjusted. That’s above target, but better than YoY.
Really wish we reported the 4.8% number. Seems more reasonable for a monthly report to focus on the changes of the month.
It bears repeating because this is a common mistake in inflation discussions: a decrease in inflation metrics means price increases are slowing down, it doesn’t mean that prices are going down （that would require a negative CPI print). Also, this number is year over year, so the decrease just means the price increases between Oct 21 and Oct 22 are not as steep as between Sept 21 to Sept 22, which is not hard to achie…
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Utility (piped) gas service -4.6%
I used the A/C more than heat last month since temps have been quite a bit higher than normal. Just using A/C in October is pretty abnormal for me.
It bears repeating because this is a common mistake in inflation discussions: a decrease in inflation metrics means price increases are slowing down, it doesn’t mean that prices are going down （that would require a negative CPI print). Also, this number is year over year, so the decrease just means the price increases between Oct 21 and Oct 22 are not as steep as between Sept 21 to Sept 22, which is not hard to achie…
Which businessman in their right mind will decrease the price of their products because of cost decrease? Not unless there is intense competition. Because of that for large scale monopoly business like commodities once the prices go up it may not come down again.
Or is this a specific criticism of a regulatory blind spot for reigning in market power? Monopolies can get away with price increases now, but they wouldn't normally?
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I guess I must be wrong, but I'll never understand why Coke needs that much advertising. Or anything "that well known". The argument is maybe they are that well known because of advertising, but I just don't think that's the case. Maybe for a crappy product, but not a good product. With Coke it's the quality (and consistency) of the product. I've never tasted anything "as good" as Coke. A new fresh cold can has a bit…
This comment sounds like you're getting a piece of that $4bn
In many European countries inflation is at 15% If it reaches 20% that means every 3.5 years your cash reserve loses half its value Mean someone correct me if I’m wrong I think that is astounding
It used to be primarily labor costs, and labor/wages is still a major part. However with automation some labor is being replaced by automation and thus converts what used to be labor cost to energy cost.
European countries are not in great shape from an energy POV.
It bears repeating because this is a common mistake in inflation discussions: a decrease in inflation metrics means price increases are slowing down, it doesn’t mean that prices are going down （that would require a negative CPI print). Also, this number is year over year, so the decrease just means the price increases between Oct 21 and Oct 22 are not as steep as between Sept 21 to Sept 22, which is not hard to achie…
I think the best way to understand it is to just look at the index itself [1] and not the first or second derivative.
[1] https://tradingeconomics.com/united-states/consumer-price-in...
Anyone notice that brand name soda (looking at you Coke) has increased almost 100% while the generic/house brand has had slight increases. I feel like Coke is testing the pricing limits of its customers especially with the smaller packaging and these prices will not come back down.
And bring back the "White Label" groceries from the 80's while you're at it. http://historysdumpster.blogspot.com/2012/08/generic-product...