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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

#51

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.

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

#52
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.

The fed tracks this data: https://fred.stlouisfed.org/series/APU0000709112

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

#53
post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

>I shudder to think just how badly we will be outmatched in a shooting war with China.

A study a few years ago gave the US just 1 week before all its missiles were depleted with China in just a naval war.

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

#54
post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

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

#55

Earlier quoted context omitted.

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I voted for the only candidate (Chase Oliver) that appeared on my ballot that was basically 100% certain to not get us into wars, and I've had absolute vitriol spewed at me (including here on HN) because I was informed it was a default to Trump. There's no way to act where you won't be hated by someone. Even if you stop paying taxes for the bombs someone will scream that you hate old people or the children.

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

#56
post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

>I can't think of a single way in which the United States came out ahead in the war. The stock market did, which is amazing if you're the top 10% of asset owners who own 50% of the country's wealth. >except Russia by heaping sky rocketing energy costs on them Russia doesn't benefit from this energy spike, since its biggest customers, China and India, have long term contracts that Russia can't just rip and renegotiate…

> Russia doesn't benefit from this energy spike,

No? https://foreignpolicy.com/2026/05/11/iran-war-russia-putin-t...

  > Data suggests that Moscow has already made billions of dollars of additional 
  > revenue from oil sales because of higher crude prices, as well as the fact 
  > that the United States temporarily rescinded sanctions on Russia to rein in 
  > global costs

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

#57

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What is your comment adding to this discussion?

Do you want to say, that a specific small group of people are positive about a surge in energy costs?

How does that reflect your acceptance of the overall climate change topic you are referencing?

You do not believe in it? Or do you believe in it but you do not care? Like the latest AMOC paper doesn't bother you in particular?

Am I a climate activist if i think its very bad on one side but at least pushes more people into independent reneable energy sources?

What do you think about the thing that Trump, the Clown of the USA, is directly responsible for it? Do you think Trump is a climate activist?

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

#58

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…

I assume this is a rhetorical question. The Strait is a global shipping channel; a lot of basic commodities flow through it. Not just oil. Fertilizer, grain, basic chemicals are dependent on the channel being open. Today, the WFP was stating that food aid to Somalia has been delayed by 1+ month because of the war.

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

#59
post #21
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…

I think you're misinterpreting that. Everything other than food and fuel went up 2.8%. Everything (including food and fuel) went up 3.8%. Therefore food and fuel went up more than 3.8%.

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

#60

Earlier quoted context omitted.

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.

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