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

Post by outside1234 » Tue, May 12, 2026, 2:55 PM UTC

bix6 wrote: post #112

khriss wrote: 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…

The US was not supposed to come out ahead. This is crony capitalism. Think about all the money Trump JR can make selling drones and all the VC companies benefiting from defense spending!

Post by phainopepla2 » Tue, May 12, 2026, 2:56 PM UTC

anonymars wrote: post #99

mothballed wrote: post #42

Earlier quoted context omitted.

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.

Idealism is for the primaries. You knew with certainty that Chase Oliver wasn't going to win the presidency, which meant you were okay with either of the two candidates that definitely was going to win the presidency

Post by giantg2 » Tue, May 12, 2026, 2:57 PM UTC

AnimalMuppet wrote: post #59

giantg2 wrote: post #21

Earlier quoted context omitted.

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%.

Post by ryeats » Tue, May 12, 2026, 2:57 PM UTC

runako wrote: post #103

parineum wrote: post #26

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.

> long history of more wars from both parties Which wars were started by Democratic presidents in the last half-century?

Post by dwa3592 » Tue, May 12, 2026, 2:57 PM UTC

runako wrote: post #138

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.

One thing I have noted during this inflationary period is that individual stores/chains are gaming pricing much more than I remember before. For example, your store might be competing for business using the headline price of eggs and making it up on milk and bread. In our city, Whole Foods was the cheapest non-warehouse place to buy eggs for a while. Anecdotally, it looks like one could save a relatively large % on v…