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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%

#41

Post by HPsquared »

sf_rob wrote: post #35
yieldcrv wrote: post #24

is there really no better way to calculate this? 9.1% between june 2021 and june 2022 8.5% between july 2021 and july 2022 its just not really conveying everything... well?

IMO, you should be watching the month over month numbers and only using YoY to contextualize. Looking at the delta of YoY data doesn't tell you much without knowing the rate for the monthly report that was dropped and the monthly report that was gained.

YoY averages out seasonality though, a lot of things go through annual cycles.

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

#42

Post by phkahler »

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.

A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs).

I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.

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

#44

Post by rfrey »

lake_vincent wrote: post #21
themitigating wrote: post #11

Earlier quoted context omitted.

What evidence do you have their data is false?

Cleverly not false, just misrepresented. What they choose to measure and not measure is what allows for a certain ability to coax the numbers in a certain direction. https://www.forbes.com/sites/vineerbhansali/2021/02/23/why-p...

They're measuring the same thing they were measuring when inflation spiked. They don't change what they measure on a month-to-month basis.

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

#45

Post by dwighttk »

evrydayhustling wrote: post #9

It's a relief to see actual price drops in fuel and transport services hit before the end of the Summer travel season. Barring additional oil disruption, we can hope to see other prices (e.g. food) correct -- or at least stop growing so fast -- at a lag.

Food might have other issues that keep it from becoming nicer to the consumer

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

#46

Post by phkahler »

brianmcc wrote: post #13

Good. Now we can look forward to interest rate cuts to deal with the recession...

Stagflation was last handled in the late 70s. The solution is to keep jacking rates up. We need mortgages at least 10 percent ;-) I'm assuming your comment was sarcastic. The expansion of the last 40 years has followed rather continual rate cuts which can't go past zero. We need to reset to higher rates and convince each administration not to cut rates to stimulate the economy but instead fix some things and stop insisting on exponential growth for eternity.

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

#48

Post by shmatt »

phkahler wrote: post #42
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.

A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs). I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.

No post body was provided.

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

#49

Post by judge2020 »

phkahler wrote: post #42
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.

A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs). I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.

For my closest McD’s it’s still $1 for a large soft drink at least (I know some franchises have the ability to change the cost of a large nowadays), but it is $2.49 for a sausage McMuffin.

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

#50

Post by Retric »

jhallenworld wrote: post #26

https://www.mass.gov/info-details/massachusetts-home-heating... Heating oil (diesel) is still 70% higher than last year. I'm about to delete the oil heat, so have been watching this.. I will certainly be annoyed if it crashes back to the $2s next week (right after the conversion..) https://www.eia.gov/dnav/ng/hist/n3010ma3m.htm https://fred.stlouisfed.org/series/APUS11A72610 BTW, this site allows you to compare the d…

2020, 2021, and 2022 oil prices have been a cause of rather than a result of inflation. It dropped from 2$ in 2019 to a low of 0.70$ in 2020, then hit a high of 4.40 in 2022 and just dropped to 3.30.
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