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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

#31

Post by koe123 »

AntiUSAbah wrote: post #22
doctorpangloss wrote: post #7

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…

Energy pricing is quite easy: We have a global market, the rich people win. The USA is responsible for this horrendes situation, the USA people will not be the people struggling and dying. Its the poor people in every country around the globe which literaly will die, while the rich countries will just continue doing whatever they were doing. Holidays, traveling to visit famiily and friends. It will cost more for sure…

I wonder how many Americans realize that their soft power is dead. Will it cost them?

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

#32

Post by khriss »

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

* Spiked inflation at home and doubled down on pissing off pretty much every single country except Russia by heaping sky rocketing energy costs on them

* Exposed the perilous state of of the defense industrial base (in spite of us spending more than the next 10 countries combined). We simply can't produce enough military hardware to sustain a sustained conflict with a country like Iran. I shudder to think just how badly we will be outmatched in a shooting war with China.

All of this to get to a point where we are negotiating a deal which is worse than what we already had with the JCPOA.

I think we will look back on this as the US version of the Suez crisis, the beginning of the end of the US empire.

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

#33

Post by bombcar »

whateveracct wrote: post #10
doctorpangloss wrote: post #7

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 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.

The transaction costs of selling the median home is like $40k. Buys a lot of gas.

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

#34

Post by dirck-norman »

sosomoxie wrote: post #4

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.

[flagged]

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

#36

Post by HumblyTossed »

giantg2 wrote: post #21
rdudek wrote: 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…

For most Americans (aka: not the top 5% like SWEs), food and fuel increases hurt a lot.

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

#37

Post by shaky-carrousel »

ptaffs wrote: post #8
sosomoxie wrote: post #4

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.

>benefits no one isn't correct. There are plenty of people on HN working in military contract industries, high tech arms manufacturing and such. They lobby Gov and benefit financially as do their employees.

Ok, benefits no one other than Israel AND American warlords.

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

#38

Post by dominotw »

dwa3592 wrote: post #30
dominotw wrote: post #25

Earlier quoted context omitted.

milk prices go up and down even outside inflation cycles. how do you know this is inflation. price of milk at your local grocery store in last 3 months is not enough data to attribute causation.

up and down 15% every 3 months? if that's the case then I take my comment back. I am not super aware of how milk pricing works.

[flagged]

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

#39

Post by kingleopold »

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.

offical inflation numbers are just LIE and wrongg for decades. Now you see it yourself. Via wrong numbers, they steal trillions

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

#40

Post by newaccountman2 »

parineum wrote: post #26
joe_mamba wrote: post #18

Earlier quoted context omitted.

[flagged]

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.

There was literally no evidence voting for Trump would have reasonably led to less wars, and enough evidence, in fact, to the contrary.
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