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US inflation jumps to 3.8% as energy costs surge from Iran war

bbc.com

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Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#21

Post by giantg2 »

rdudek wrote: post #2

The tidbid they're not talking about are the fact that wages are down .5% https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.ht...

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation.

The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins.

Edit: Wow people are jumping on this. The point is that food and fuel increases account for about 26% of the overall inflation number, meaning that the bulk of inflation is not related directly to fuel. The original article makes it it seem different.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#22

Post by AntiUSAbah »

doctorpangloss wrote: post #7

energy pricing is complex. some food for thought: if everyone believes the straight of hormuz is open, even if it is not, even if 20% less oil is being moved globally, what happens to oil prices? what happens to oil deliveries? is it possible for oil to be cheap in America while Bangladesh experiences shortages, instead of everyone paying more? is oil the same as energy? or is it more relevant to transportation? does…

Energy pricing is quite easy: We have a global market, the rich people win.

The USA is responsible for this horrendes situation, the USA people will not be the people struggling and dying.

Its the poor people in every country around the globe which literaly will die, while the rich countries will just continue doing whatever they were doing.

Holidays, traveling to visit famiily and friends. It will cost more for sure but you will still do it.

The poor can't afford the food anymore because cooking becomes more expensive. going to your daily job becomes more expensive. The likelyhood of people is getting destroyed beecause the small jobs, the niche jobs are suddenly uprooted. Like the small tuktuk or the cheap and dangerous bus for 6 people is too expensive suddenly.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#23

Post by stuaxo »

giantg2 wrote: post #21
rdudek wrote: post #2

The tidbid they're not talking about are the fact that wages are down .5% https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.ht...

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation. The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins. Edit: Wow people are jumping on this. The point is that food and fuel increases account…

Ah fuel and food - those classic unimportant things.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#25

Post by dominotw »

dwa3592 wrote: post #17

I understand it is a complicated calculation but to me personally, inflation feels much more than that. I have been tracking the price of milk. Around 3 months ago, i was getting a gallon of milk at $2.97, then it went up to 3.07, then 3.25. Yesterday I paid 3.40. That's like 15% gain on something as basic as milk. All numbers from the same store.

milk prices go up and down even outside inflation cycles. how do you know this is inflation. price of milk at your local grocery store in last 3 months is not enough data to attribute causation.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#26

Post by parineum »

joe_mamba wrote: post #18
rdudek wrote: post #2

The tidbid they're not talking about are the fact that wages are down .5% https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.ht...

[flagged]

Part of the reason people voted for "no more wars" was because of the long history of more wars from both parties. Desperate people make desperate choices.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#27

Post by AntiUSAbah »

jvanderbot wrote: post #6
sosomoxie wrote: post #4

A completely unnecessary war that benefits no one other than Israel and harms the rest of the world. The only positive to come from this is the annihilation of US military assets in the Middle East and an even deeper unity of the world against Zionism. It’s tough times but we will ultimately defeat this heinous ideology.

There was a time when USA guaranteed the safe passage of shipping, which helped secure a peaceful world order, apparently. I view this as a continuation of that legacy, but admit I only have 1-2 books supporting this view.

Soooo just to be clear here with your argument:

The USA was doing something to guarantee that stuff can flow through it, then they start a war, now they can no longer guarantee this?

Did they suddenly loose the power to protect this flow?

Just because USA is war mongering, doesn't mean no one else would have stepped up or that it wouldn't be better without all of this involvment.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#28

Post by joe_mamba »

parineum wrote: post #26
joe_mamba wrote: post #18

Earlier quoted context omitted.

[flagged]

Part of the reason people voted for "no more wars" was because of the long history of more wars from both parties. Desperate people make desperate choices.

[flagged]

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#29

Post by timoshishi »

ck2 wrote: post #9

now imagine this going on through January 2029 if Dems don't win the Senate too because it took YEARS for Obama's team to get them to sign something and he's already used up half of US war stockpiles Iran's dictators will eat and sleep just fine for years while their people starve and get bombed to death click on YTD here and imagine that flat-line for YEARS https://en.macromicro.me/charts/94482/imf-strait-of-hormuz-…

I would imagine that other powers of the world would support some kind of invasion if the strait were to remain closed for a long period of time

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#30

Post by dwa3592 »

dominotw wrote: post #25
dwa3592 wrote: post #17

I understand it is a complicated calculation but to me personally, inflation feels much more than that. I have been tracking the price of milk. Around 3 months ago, i was getting a gallon of milk at $2.97, then it went up to 3.07, then 3.25. Yesterday I paid 3.40. That's like 15% gain on something as basic as milk. All numbers from the same store.

milk prices go up and down even outside inflation cycles. how do you know this is inflation. price of milk at your local grocery store in last 3 months is not enough data to attribute causation.

up and down 15% every 3 months? if that's the case then I take my comment back. I am not super aware of how milk pricing works.
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