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U.S. annual inflation rate drops to 8.5%

bls.gov

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Re: U.S. annual inflation rate drops to 8.5%

#361

Post by fleddr »

upupandup wrote: post #226
desireco42 wrote: post #174

My experience is that prices went 100% - 150% up. Things I care about went double, no amount of statistics engineering can change this fact. Fuel prices along, while it came down a little, they are still way high.

Yet theres ppl, even on this thread that claims your views are conspiracy theory, that you are lying about what you saw.

I generally agree that CPI "feels" to be consistently lower compared to what actual people experience.

But you can't have a meaningful discussion about it if you do not list the weight of the price hike in your expense pattern.

When gas for your car normally takes up 10% of your income, and this price doubles, your personal inflation is 10%, not 100% (assuming no other price hikes).

Re: U.S. annual inflation rate drops to 8.5%

#362

Post by [deleted] »

bombcar wrote: post #165
donatj wrote: post #146

What are the actual metrics they use to measure inflation? My electric bill is 33% higher than previous years, my gas bill is similar. City/Water/Sewer doubled. Trips to the grocery store are up close to 20%, and gasoline doubled. Everything you actually purchase day-to-day is up far more than the inflation benchmarks, so much so it’s beginning to feel like propaganda. I overnight went from thinking “I make good mone…

There's no way to do "the main inflation number" and make everyone happy - because they have to try to find some way to include housing, and that either drags it way up or way down relative to how you "feel". If all other prices double, but you own or have fixed rent, you're going to feel it but the numbers will be muted; if all prices stay the same but your rent doubles, you're still going to feel it but the numbers…

[deleted]

Re: U.S. annual inflation rate drops to 8.5%

#363

Post by hattmall »

rtkwe wrote: post #138
PaywallBuster wrote: post #64

Earlier quoted context omitted.

stock is not 100% correlated with earnings/profiteering https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/ar... plenty of numbers down from 2021 including margins

Sure but companies are also still reporting record profits in many cases right now so it's clearly not just input costs driving up prices.

Yes, but you have adjust those earnings for inflation... It's even more complex because inflation is variable across industries.

Re: U.S. annual inflation rate drops to 8.5%

#364

Post by jonnycomputer »

upupandup wrote: post #220
jacknews wrote: post #201

Quoted post unavailable.

This is just going to push people further and further away into fringes and extremist views when they are lied to. We are truly on our own now. Our government no longer serves the people but a smaller proportion of people that gets their representatives elected to spread lies about everything. This garbage inflation number is just the beginning. Who knows what other absurdities they are willing to push to the public…

You aren't being lied to. if, as you seem to think, the government wanted to hide true inflation, you'd think they'd do a better job, right? you think Biden wants these high inflation numbers? what a joke. you're already on the fringe.

Re: U.S. annual inflation rate drops to 8.5%

#367

Post by slaw »

bluedino wrote: post #177
post_break wrote: post #36

Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.

The vehicle we bought cost over 10% what the same vehicle would have cost last year. Groceries are 40% more than they were. Utility bill is up nearly 50%. Clothes and shoes don't seem to be more expensive, they just don't seem to go on sale anymore. Our neighbors had a new roof installed and spend almost double what we did 3 years ago, we have nearly the same house and the same contractor did it. Fast food has gone w…

Where did you get a vehicle only 10% more expensive?

New Jeep Cherokee Latitude 4x4 was $21k in January 2021. The cheapest new Cherokee now is $35k. 3 years old is $25k. Seattle,WA.

Re: U.S. annual inflation rate drops to 8.5%

#368

Post by gurumeditations »

malfist wrote: post #82
vinyl7 wrote: post #19

Earlier quoted context omitted.

I hope not, I'm tired of this bubbly fake economy of the past decade. Massive misallocation of capital into pointless unprofitable tech companies

Yes, I hate seeing my 401K grow too. Let's have a recession, it'll be fun!

In a fake economy, money flows to the top, which includes people who have significant holdings in 401Ks. Most people never get paid enough to even fully save up for retirement by the end.

Re: U.S. annual inflation rate drops to 8.5%

#369

Post by deanmoriarty »

bamboozled wrote: post #344
deanmoriarty wrote: post #111

No freaking way! My rent just went up 15% (and last year too, which forced me to move out and look for a cheaper apartment), all groceries are up 30% across the board compared to last year, I know because mobile apps show my previous receipts. These are the times I feel dumb for not being a homeowner (despite technically being able to afford it, just didn't want to get locked down in an area for 8+ years to make the…

Your mortgage repayments won't go up too?

No? In the US a residential mortgage is almost always fixed rate, locked in for the entire term (i.e. 30 years). So it can basically never go up, just down if the opportunity arises and you can willingly refinance your loan as interest rates drop.

Re: U.S. annual inflation rate drops to 8.5%

#370

Post by seti0Cha »

vegardx wrote: post #308
lettergram wrote: post #290

Earlier quoted context omitted.

The issue has to do with the harvest coming up. The next harvest will come from fields with less fertilizer and higher fuel prices. We can expect corn prices in the fall jumping significantly. Next year will even be worse, we are using a fuel reserves now and fertilizer will still be an issue (unless peace is made with Russia). I’m expecting a significant increase in the next 2-3 months then again in 15-16 months.

Quoted post unavailable.

Your post violates HN posting guidelines. We can have a better conversation if you engage with people's points rather than speculate about why they said them.
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