Should have been jumps BY 3.8%
No, it’s saying inflation increased from 3.3% to 3.8%, the article is correct.
Jumps by 15%!
US inflation jumps to 3.8% as energy costs surge from Iran war
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Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#12A 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.
How is closing the strait a continuation of a legacy of guaranteed safe passage?
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#13The 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...
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Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#14energy 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…
The average family spends something like $5,000 on gas a year, maybe $10k. Gas could double and it’d be felt, but it’s still just a portion of total spend.
We’ve had $4 gas before (20 years ago?!) and it was annoying but it didn’t end the world.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#15energy 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 live in the suburbs and gas could 2x, 3x in price and my wallet wouldn't notice. i fill up a couple times a month.
Many products are shipped half way across the US on semi trucks, that hits everyone’s pockets even if you drive an EV.
Train’s move around vast amounts of freight but they got optimized for coat per ton for coal, wheat, etc not latency. Which then plays havoc if you try and do just in time manufacturing etc using them. Airfare and thus airfreight is simply dominated by fuel costs which hits many industries in ways that are less obvious but still expensive.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#16Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#17I 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.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#18The 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...
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Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#19A 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.
This is some extraordinary up-is-down construction. Hormuz was open in February, and for decades preceding that. It's closed now. How is this situation the result of the "guarantee of safe passage of shipping", exactly?