Live data from Hacker News

Core PPI up 9.6% annualized (0.8% MoM) in May

bls.gov

111–120 of 150 posts

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#111
post #50

What makes this appalling is that the current situation is entirely the result of deliberate choice by the president. I know there will be a lot of commenters rushing in to breathlessly claim 'Inflation was worse under Biden!'. However, there is a difference between inflation being the result of a literal 'once a 100 year' global pandemic and Trump deciding to attack Iran because he needed to remove attention from hi…

> the current situation is entirely the result of deliberate choice by the president.

A choice that was given to at least 5 presidents before him, and they all recognized how stupid it would be. This president, though, is so infatuated with people he thinks are powerful, that he'll do anything they say, hoping they'll consider him to be one of them.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#112
post #40

CPI vs PPI, in case you’re curious like me … CPI tracks retail costs and the cost of living, whereas PPI tracks wholesale costs. As such, PPI acts as an early indicator of future consumer inflation.

More precisely, CPI tracks what you buy. Even if it’s imported. PPI tracks what’s produced here, even if for export. There is a fun Canadian paper on how they started intensely decoupling after 2001, alongside the rise of global multi-step supply chains [1]. [1] https://www.econstor.eu/bitstream/10419/261258/1/swp2022-05....

Even more precisely, CPI tracks what someone has decided the average person would buy, and its basket of products is often tweaked to present more palatable numbers; it makes comparison of prices and inflation across years pretty much impossible.

The real inflation value a person experiences is often much greater than the cooked CPI figures.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#113
post #112

Earlier quoted context omitted.

More precisely, CPI tracks what you buy. Even if it’s imported. PPI tracks what’s produced here, even if for export. There is a fun Canadian paper on how they started intensely decoupling after 2001, alongside the rise of global multi-step supply chains [1]. [1] https://www.econstor.eu/bitstream/10419/261258/1/swp2022-05....

Even more precisely, CPI tracks what someone has decided the average person would buy, and its basket of products is often tweaked to present more palatable numbers; it makes comparison of prices and inflation across years pretty much impossible. The real inflation value a person experiences is often much greater than the cooked CPI figures.

> its basket of products is often tweaked to present more palatable numbers

This is a common conspiracy with scant evidence. The tweaks go in multiple directions and are better explained by the decoupling of PPI and CPI (due to longer and more-international supply chains) than conspiracy.

> it makes comparison of prices and inflation across years pretty much impossible

You can decompile the underlying statistics. Enterprises hire in-house economists to do this regularly.

For consumers, I'd say this is pretty selly, as is relying on nonsense like ShadowStats. Comparing value across long periods of time is almost fundamentally a fool's errand. What's an iPhone worth to someone in 1950? Between zero and a commanding fraction of global GDP.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#114

Earlier quoted context omitted.

I mean, I also have times where I find myself blaming people for being so stupid. That said, you have to realize that this has been a very intentional propaganda effort by the most powerful actors in society spanning decades. Disorganized masses are largely powerless against that sort of effort and the outcomes are predictable.

> this has been a very intentional propaganda effort by the most powerful actors in society spanning decades There is no evidence it was highly coordinated and many reasons to believe it’s emergent. Cable TV and then social media created systems competing for attention. The content originators became increasingly decentralized, increasing both diversity and ruthlessness. > Disorganized masses are largely powerless ag…

> There is no evidence it was highly coordinated and many reasons to believe it’s emergent. Cable TV and then social media created systems competing for attention. The content originators became increasingly decentralized, increasing both diversity and ruthlessness.

Hmm, not sure how you could conclude this given the abundance of evidence regarding the activities and influence of people like the Koch Brothers, Rupert Murdoch, Peter Thiel, the fossil fuel industry in terms of the global warming discourse, the general corporate and wealthy forces shaping Republican/Democrat policy over the last ~50 years.

The media influences alone that fuel the sensationalization of these issues are transparent, as are the threads that bind these media groups and those in power over them.

Look at what's happening to CBS and will soon happen to CNN due to the Paramount merger and the Ellisons/Bari Weiss for example.

> Historically untrue.

What? In what part of history have disorganized masses shown themselves to be powerful against "the intentional propaganda efforts made by the most powerful actors in society spanning decades" that I'm referring to?

Almost by definition the successful grassroots movements of the past that have created change were organized, no? I also don't believe there's ever been as effective a media (social and conventional) apparatus in human history as we've had the last half century.

> Starving, uneducated masses are easy to repress. Distracted masses only so long as they look away. And I think we’re seeing signs the American voter isn’t looking away.

I mean, this conversation started over the culture war bullshit that seems to have about as good a grip on Americans' attention as ever, although I agree that the material economic conditions are degrading so badly that they are more and more becoming the priority consideration.

That said, channeling that anger towards scapegoats like immigrants or jews etc is an old and effective playbook and I don't see why we wouldn't call that distraction.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#115

Earlier quoted context omitted.

> this has been a very intentional propaganda effort by the most powerful actors in society spanning decades There is no evidence it was highly coordinated and many reasons to believe it’s emergent. Cable TV and then social media created systems competing for attention. The content originators became increasingly decentralized, increasing both diversity and ruthlessness. > Disorganized masses are largely powerless ag…

> There is no evidence it was highly coordinated and many reasons to believe it’s emergent. Cable TV and then social media created systems competing for attention. The content originators became increasingly decentralized, increasing both diversity and ruthlessness. Hmm, not sure how you could conclude this given the abundance of evidence regarding the activities and influence of people like the Koch Brothers, Rupert…

> not sure how you could conclude this given the abundance of evidence regarding the activities and influence of people like the Koch Brothers, Rupert Murdoch, Peter Thiel, the fossil fuel industry in terms of the global warming discourse, the general corporate and wealthy forces shaping Republican/Democrat policy over the last ~50 years

Because for each of these there are a hundred other monied interests, and they're all in covert or open conflict with each other.

> Look at what's happening to CBS and will soon happen to CNN due to the Paramount merger and the Ellisons/Bari Weiss for example

Yes, that's one group overtly taking over a platform. The fact that they're behaving differently after Weiss should give pause to the hypothesis that this is all already co-ordinated from the shadows.

> what part of history have disorganized masses shown themselves to be powerful against "the intentional propaganda efforts made by the most powerful actors in society spanning decades" that I'm referring to?

Every regime fighting survivial deploys all means available to it in its fight. That includes the media. Disorganised groups have overturned concentratios of power far more pronounced than what we have in the U.S. (We have high inequality. But our elite is still usefully fractured.)

> channeling that anger towards scapegoats like immigrants or jews etc is an old and effective playbook and I don't see why we wouldn't call that distraction

Here I agree. But there are also powerful immigrant-born Americans and Jewish Americans who obviously don't want to be part of that, and who have influence over money, power and media.

Everyone is trying to consolidate power. But that's an exclusionary imperative. Hence, political competition.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#116
post #92

Earlier quoted context omitted.

For those who just watch fox news we're up to an estimated 700 million dollars of damage, completely aside from the human suffering for no definable reasons. The murders and the justification for murders, the protecting of murderers, and the celebration of convicted murderers in the local MN GOP. https://www.bizjournals.com/twincities/news/2026/06/11/minne... https://www.mprnews.org/story/2026/06/02/floyd-family-atto…

Minneapolis does seem to have a penchant for attracting property damage and economic fallout. Last time it was $500 million: https://en.wikipedia.org/wiki/Arson_damage_during_the_George... After inflation maybe that one was more expensive!

What relevance does that have to this discussion of the executive branch causing willful damage? It just sounds like you are trying to say that its either false, misleading, or just a place where that happens so why give a shit.

None of those really seem like worthwhile to bring to this discussion.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#117
post #3

We are not at a point as a country to have a serious discussion about governance. The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now. This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will c…

The politics in this country have been intentionally broken going back to Clinton and Obama. It is impossible to make meaningful change anymore. Add in the propaganda convincing 2/5th of the country to consistently vote against their own interests and fundamentally misunderstand core issues, and it is difficult to see what can be done in the next 10 years. The USA has had a hostile takeover by oligarchs. We are a cou…

This didn't start with Clinton or Obama (interesting you skipped over a much larger contributor). As usual, "Reagan made everything worse".

When he was governor of California, he ended free college tuition for the UC state schools, because some hippies at Berkley were protesting the Vietnam war.

When he was campaigning for president, he popularized the idea of the "welfare queen", and got poor white people to vote against their own interests because there were some hypothetical single black mothers abusing the system.

When he got into office, he cut taxes, mostly for the wealthy, but also a bit for the middle class. He expected that he could use that as an excuse to then cut social programs to keep the budget reasonably balanced, but once people have benefits they don't want to give them up. He was forced to not go through with the cuts, doubling the federal budget deficit, and kicking off the trend of deficit spending (except for a brief period under Clinton in the late 90s that W then squandered in Iraq and Afghanistan).

Reagan also perfected the process of:

1. Complain that government programs are bad or inefficient. 2. Use it as an excuse to cut their funding. 3. Government programs get worse as a result. 4. Goto 1.

He didn't start any of these trends, but he did ramp them way up, and we've been on that trajectory ever since.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#118

Earlier quoted context omitted.

> We are a country who serves only corporations and those who own them. Regular people have been almost completely removed from the process Regular people removed themselves when we chose cultural flashpoints over material wealth.

Don’t blame regular people when billions were spent on lies, disinformation campaigns and rug pulls. We are being systematically manipulated. I know plenty of good honest people who simply don’t know what’s going on and cannot navigate today’s political landscape

In the attention economy I think there is still plenty of blame to assign to the voters.. they are the ones that care more about culture war topics then the peace and prosperity of their children.

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#119
post #5

Earlier quoted context omitted.

The problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.

Voting works fine, people just don't do it very much. People complain about their choices. Meanwhile, there's atrocious turnout in the primaries which determine those choices.

How does more voting resolve anything? Split up fans are still split opinions and bad politicians are still bad politicians. A 51 49 election still has the same outcome if 10 million or 100 million people voted. It seems to me that people will need to not only vote but change their voting criteria

Re: Core PPI up 9.6% annualized (0.8% MoM) in May

#120
post #41

Awful news for everybody, particularly those in speculative tech jobs. We may well look back at the attack on Iran as the American tipping point that caused the same kind of financial stagnation as Brexit caused for the UK.

It's crazy that now the main goal of the war is to open a strait that was already open before the war.

The main goal was to destroy the US. Its so painfully obvious that you really have to be deep into whatever you’re into to not see it.
Post reply on HN