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

bbc.com

61–70 of 486 posts

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

#61

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.

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Wow, this is just a blatant lie. It’s Israel that is ethically cleansing Lebanon, not Iran. The hasbara is getting more desperate every day.

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

#62
post #32

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…

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Ceding most of the little input you have in the system is certainly an interesting conclusion if you're feeling unrepresented.

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

#63
post #32

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…

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You can save a lot of time and just say you're voting for the current regime because that's exactly what "throwing your ballot in the trash" accomplishes.

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

#64
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.

Inflation itself is not a good metric as soon as you leave the avg. You are on HN, the chance you are part of the american average is very low. That 15% cost is not relevant if you don't drink milk. Its also a lot less if you are able to save money. That money saved might be for something very specific like one specific car or a house. The house market, as far as i understand it, is more decoupled from inflation than…

Our household income is less than the US household median. So that price increase on milk does feel a bit more stingy than I'd like to be.

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

#65
post #23
post #21

Earlier quoted context omitted.

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…

Ah fuel and food - those classic unimportant things.

Fuel and food are excluded from core inflation not because they're unimportant (they are in fact incredibly important) but because they are much more volatile in price--going up and down in bigger increments--so that you get a more stable view of inflation by excluding them.

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

#66
post #32

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…

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Criminal investigative files are not typically released to the public for extremely, extremely good reasons.

The only administration that did anything wrong with regard to Epstein is the one that (stupidly and maliciously) promised to release them and then (stupidly and maliciously) declined to do that.

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

#69
post #9

now imagine this going on through January 2029 if Dems don't win the Senate too because it took YEARS for Obama's team to get them to sign something and he's already used up half of US war stockpiles Iran's dictators will eat and sleep just fine for years while their people starve and get bombed to death click on YTD here and imagine that flat-line for YEARS https://en.macromicro.me/charts/94482/imf-strait-of-hormuz-…

Given what has happened, I don't think Iran's dictators are going to be sleeping just fine for a while.

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

#70
post #21
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…

> only 1% attributable to food and fuel

What do you mean by this? If adding food and fuel raises CPI by 1%, then the food and fuel prices have necessarily raised by _more_ than the combined 3.8%.

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