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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

#81
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...

[flagged]

I feel like wages have stagnated too, but data says it has been keeping up (barely) with inflation: https://www.statista.com/chart/32428/inflation-and-wage-grow...

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

#82
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

you’re not totally wrong but it’s not the outright lie you seem to imply. things like tweaks to the “standard basket” that they claim are in line with consumer preferences, which themselves changed because of inflation, for example, are one way we get a sort of hidden shrink flation.

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

#84
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…

i dont understand why the hardliners are bad they were right. the war waged against them was threatened to be nuclear "an entire civilization will die tonight". the country threatening iran unjustly is indeed the great satan. no justification except for being egged on by our hyper aggressive expansionist apartheid proxy israel. we should pay reparations.

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

#85
I've always rolled my eyes at inflation because clearly, it's worse than the basket of goods they use to monitor. Groceries probably get incentives to keep bread, eggs, etc. prices somewhat regulated so the inflation number is muted. https://en.wikipedia.org/wiki/Goodhart%27s_law

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

#86
post #52
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.

The fed tracks this data: https://fred.stlouisfed.org/series/APU0000709112

A better source is the USDA AMS which surveys the prices of several different milk products in retail outlets in many cities. They do this not only for milk but many common foods. The data goes back decades.

Example report https://mymarketnews.ams.usda.gov/filerepo/sites/default/fil...

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

#87
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...

[flagged]

https://fred.stlouisfed.org/series/LES1252881600Q

That's what you call stagnating wages?

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

#89
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…

Your top point is honestly the biggest. Until this year, US military bases were seen as an asset. They were thought to deter attacks, and in the case of someone being crazy enough to attack the country that hosted a US military base, they sold the promise of a quick and decisive response. But for countries in the Middle East, every base was nothing but a liability with nothing but a long list of detriments. The bases…

> But somehow competence has completely vanished.

It was pushed out, by force.

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

#90
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…

I think you're misinterpreting that. Everything other than food and fuel went up 2.8%. Everything (including food and fuel) went up 3.8%. Therefore food and fuel went up more than 3.8%.

This. Energy is up 17.9% and energy commodities (oil, gas, etc.) 29.2%. See the CPI release: https://www.bls.gov/news.release/cpi.nr0.htm.
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