Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.
Also, any asset that isn’t appreciating at least 4.2% is losing value. Ah…inflation.
And you're still taxed on the "gain"
US Consumer Price Index up 4.2%
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Re: US Consumer Price Index up 4.2%
#32The worst part of this report is my diminished faith in the numbers.
Could you explain? What about this report pushes you toward not believing the numbers?
Re: US Consumer Price Index up 4.2%
#33All of the increase is from energy. Oil prices.
For your interpretation: All items: +0.5% monthly; +4.2% year-over-year. Energy: +3.9% monthly; +23.5% year-over-year. Gasoline: +7.0% monthly; +40.5% year-over-year. Fuel oil: +58.9% year-over-year. Electricity: +0.6% monthly; +5.9% year-over-year. Utility natural gas: -0.5% monthly; +3.0% year-over-year. Food overall: +0.2% monthly; +3.1% year-over-year. Food at home / groceries: +0.1% monthly. Food away from home…
At least raw milk is getting cheaper
Re: US Consumer Price Index up 4.2%
#34Earlier quoted context omitted.
Not necessarily, depends on the distribution of your own expenses. If you deviate from the average urban household (lets say, you have a particularly long commute or your car isn't as fuel efficient as the average. Look at the increase on fuel prices, 40.5%!). If you're at $5,000/month, a 4.2% raise puts you at $5,210. If you're spending $600/month on gas (not unreasonable for someone that drives an SUV and lives in…
Don’t forget the obvious ‘finger on the scale’ influence from the administration too.
Why can't we just water down the gasoline? /s
Re: US Consumer Price Index up 4.2%
#35Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.
It means you already had the paycut, you need to have at least %4.2 rise + reimbursement to make even.
In high inflation countries you often get a revision every 2-3 months and you get a rise that is higher than the official inflation, as a result this solidifies the inflation and boosts the economy as everyone immediately buys whatever they can before it becomes more expensive. It's a vicious cycle.
Re: US Consumer Price Index up 4.2%
#36Re: US Consumer Price Index up 4.2%
#37All of the increase is from energy. Oil prices.
Per the link, food is up 3.1% and everything else 2.9%. So energy pulled inflation up from about 3% to about 4%, but that's not "all of the increase"
>Per the link, food is up 3.1%
But if you look at the sibling comment, all of that came from "Food away from home ". In other words, it's all because of takeout/restaurants, not groceries. Those were actually dragging inflation down.
Re: US Consumer Price Index up 4.2%
#38All of the increase is from energy. Oil prices.
Some businesses use that as cover to increase prices even when their costs may not have actually been affected by the price of energy. Never waste an opportunity to put the big squeeze on.
Steadily rising prices will be the norm from now on. What will be interesting to see is how fast the corporate elite figure they can boil the frogs without them noticing too much.
$50.00 hotdog is coming.
Re: US Consumer Price Index up 4.2%
#39The worst part of this report is my diminished faith in the numbers.
Could you explain? What about this report pushes you toward not believing the numbers?
Not so much THIS report, but you can't trust any data that the Trump administration puts out after all the blantant corruption. Remember the Sharpie on the hurricane chart?
Re: US Consumer Price Index up 4.2%
#40Here are some N-year rolling total inflation charts to put this datapoint in a longer-term perspective: https://totalrealreturns.com/inflation . Zooming out always smooths the noise.
This is so good Ty.
Basically, looking at inflation over time, we look pretty good here.