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US Wholesale Inflation Rises by Most in 3 Years

bloomberg.com

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Re: US Wholesale Inflation Rises by Most in 3 Years

#271

Post by jurking_hoff »

churchill wrote: post #232
ivape wrote: post #179

Earlier quoted context omitted.

We’re talking about a lot of domestic goods here. Why’s the BLT more expensive? It’s literally just bacon, lettuce and tomato. Scams are scams, man. This is not economics, it’s human nature. Tariffs did not make the price of your BLT go up, it’s greed.

>Tariffs did not make the price of your BLT go up, it’s greed. What do you want to do about it, Stalin? Use the power of the state to legislate away human greed? Imprison these greedy people? Impose price controls (which have a long, storied history of not working and only leading to shortages and queues)? We build economic policy around human nature, not otherwise. Humans will always seek to maximize profit at all c…

[dead]

Re: US Wholesale Inflation Rises by Most in 3 Years

#272

Post by [deleted] »

amanaplanacanal wrote: post #208
sjsdaiuasgdia wrote: post #199

Earlier quoted context omitted.

I'll hold my breath for the fast food chain that lowers its prices to better compete with the chains that raised theirs. We have plenty of examples, with documentation and receipts, of businesses participating in price fixing, collusion, and other cooperative behaviors that result in higher prices for consumers and reduced competition between businesses. You are naively assuming that all businesses express greed in t…

Fast food chains are giant corporations. Where you would see the difference is in the mom and pop shop, who can now undercut the big chain and probably has better quality food.

[deleted]

Re: US Wholesale Inflation Rises by Most in 3 Years

#273

Post by infecto »

abtinf wrote: post #184
infecto wrote: post #150

Earlier quoted context omitted.

This is not wrong but the term base is click baity but probably an accepted definition from the pentagon. It’s include all facilities no matter or large or small and even those that are part of another base but not on the main campus. It’s almost like a count of buildings.

I haven’t checked, but I would guess this number even includes things like NSA outposts (since NSA is part of DoD) and embassies (which are protected by Marines).

While that may be true, if I understand correctly the typical “base” number is effectively down to a structure. So if you have a radar station in Japan that has a handful of employees and they report up to one of the larger complexes, that counts as a base. It is conflating imo with what people picture as a base.

Re: US Wholesale Inflation Rises by Most in 3 Years

#276

Post by AnimalMuppet »

dpkirchner wrote: post #202
bobbylarrybobby wrote: post #178

Earlier quoted context omitted.

It's nice to have agreed-upon, citable facts though, even if only so that voters know who's full of crap during a debate. When the next R candidate says that Trump handled inflation beautifully, it's important to be able to point to an authoritative source that shows that that claim is BS.

The majority of R voters don't care about authoritative sources. In fact, authority when it comes to information is a negative in their view, based on all available evidence (ie elections over the past few decades). We're well past the point that debates matter.

Debates may not matter to R voters. There are enough independent voters to matter, though.

Re: US Wholesale Inflation Rises by Most in 3 Years

#277

Post by marknutter »

myrmidon wrote: post #270
marknutter wrote: post #233

Earlier quoted context omitted.

Tariffs don't affect products that are produced locally.

Tariffs affect local product prices in a lot of ways. 1) They reduce competitive pressure so local producers can raise prices without losing market share (that is the actual point ) 2) They increase local demand for production capacity and labor in general, driving up costs even in sectors that are completely unaffected by the tariffs themselves

McDonald's was never sourcing chicken for their chicken nuggets from outside the country.

Re: US Wholesale Inflation Rises by Most in 3 Years

#278

Post by jfengel »

Tesl wrote: post #123
jfengel wrote: post #50

Earlier quoted context omitted.

In November 2024, inflation was at 2.7%. Inflation for the whole year was 2.9%. The public was so incensed that they threw out the government.

We all know Trump voters didn't give two shits about the price of eggs. That's not why they vote for him.

I'm less concerned with Trump voters (more or less the same people keep voting for him), and more with why ~10 million people didn't vote for his opponent (who had voted for her predecessor).

I don't believe it had anything to do with the price of eggs, either. That was presented as the primary reason, and it's so clearly wrong that it makes me suspicious.

Re: US Wholesale Inflation Rises by Most in 3 Years

#279

Post by tim333 »

Havoc wrote: post #36

Are there inflation indicators that aren’t government controlled? Don’t think anything coming out of trump influenced bodies is worth the paper it’s on anymore

I asked perplexity and there are a few independent calculations (ShadowStats, Truflation, Billion Prices) that put the rate at about 10%

https://www.perplexity.ai/search/what-is-the-us-inflation-ra...

Re: US Wholesale Inflation Rises by Most in 3 Years

#280

Post by AnimalMuppet »

estearum wrote: post #7
isbwkisbakadqv wrote: post #4

2.8% doesn’t seem that crazy to me? Don’t we target like 2-2.5?

The Fed targets 2% at PCE (consumer) whereas this is PPI (wholesale/producer). Not always 1 to 1 but in general you expect PPI to be a leading indicator for what's coming for PCE. Part of the attention is for sure people being vigilant to see the earliest effects of the tariffs and... here they are pretty unambiguously. The more significant concern it seems to me is the rate of increase. Nearly a full percentage poin…

The question is, is that full percentage point in a month a trend, or is it a fluctuation? You can't tell much by one month in isolation, or even one month compared to the previous month.

It's concerning. It's hard to say much more than that yet.

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