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The New Coffee Room

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  3. Inflation

Inflation

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #41

    7.5%.

    https://www.bls.gov/news.release/cpi.nr0.htm

    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment.

    Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The energy
    index also increased 0.9 percent over the month, with an increase in theelectricity index being partially offset by declines in the gasoline index and the natural gas index.

    The index for all items less food and energy rose 0.6percent in January, the same increase as in December. This was the seventh time in the last 10 months it has increased at least 0.5 percent. Along with the index for shelter, the indexes for household furnishings and operations, used cars and trucks, medical care, and apparel were among many indexes that increased over the month.

    The all items index rose 7.5 percent for the 12 months ending January, the largest 12-month increase since the period ending February 1982. The all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent.

    Screen Shot 2022-02-10 at 8.32.47 AM copy.jpg

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #42

      Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      LuFins DadL 1 Reply Last reply
      • CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #43

        CPI Inflation Rate Hits Scorching 7.5%; Dow Jones Slides On Fed Rate-Hike Views

        The consumer price index came in hotter than expected in January, as both the CPI inflation rate and the core rate, excluding food and energy, hit new 39-year highs. Dow Jones industrial average and Nasdaq losses deepened in Thursday afternoon stock market action as Wall Street priced in additional Fed rate hikes. Meanwhile, the 10-year Treasury yield crested 2% for the first time since August 2019 and kept on rising.

        https://www.investors.com/news/economy/cpi-inflation-rate-hotter-than-expected-in-january-dow-jones-falls-bond-yields-rise/

        1 Reply Last reply
        • JollyJ Jolly

          Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #44

          @jolly said in Inflation:

          Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

          They changed the formula this month, don’t ya know?

          The Brad

          1 Reply Last reply
          • LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #45

            Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

            The Brad

            George KG 1 Reply Last reply
            • LuFins DadL LuFins Dad

              Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

              George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #46

              @lufins-dad and the fact that energy (fuel) prices are rising will only increase prices for everything that's dependent upon transportation.

              Which is...everything.

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              1 Reply Last reply
              • 89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #47

                So, what stops the snowball? Higher fed rates?

                CopperC LuFins DadL 2 Replies Last reply
                • 89th8 89th

                  So, what stops the snowball? Higher fed rates?

                  CopperC Offline
                  CopperC Offline
                  Copper
                  wrote on last edited by
                  #48

                  @89th said in Inflation:

                  So, what stops the snowball? Higher fed rates?

                  Federal price controls

                  George KG 1 Reply Last reply
                  • CopperC Copper

                    @89th said in Inflation:

                    So, what stops the snowball? Higher fed rates?

                    Federal price controls

                    George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by
                    #49

                    @copper said in Inflation:

                    Federal price controls

                    image.jpeg

                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                    1 Reply Last reply
                    • CopperC Offline
                      CopperC Offline
                      Copper
                      wrote on last edited by
                      #50

                      I remember

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #51

                        Ah, I remember my 13.25% mortgage fondly.

                        Those were the days....

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        George KG 1 Reply Last reply
                        • JollyJ Jolly

                          Ah, I remember my 13.25% mortgage fondly.

                          Those were the days....

                          George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #52

                          @jolly said in Inflation:

                          I remember my 13.25% mortgage fondly.

                          LOL. That was ours as well, in 1980.

                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                          1 Reply Last reply
                          • 89th8 89th

                            So, what stops the snowball? Higher fed rates?

                            LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote on last edited by
                            #53

                            @89th said in Inflation:

                            So, what stops the snowball? Higher fed rates?

                            No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                            Though, a rate hike wouldn’t hurt.

                            The Brad

                            George KG 1 Reply Last reply
                            • LuFins DadL LuFins Dad

                              @89th said in Inflation:

                              So, what stops the snowball? Higher fed rates?

                              No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                              Though, a rate hike wouldn’t hurt.

                              George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #54

                              @lufins-dad said in Inflation:

                              Then we address spending.

                              alt text

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #55

                                A more cynical solution would be to go to war…

                                The Brad

                                George KG 1 Reply Last reply
                                • LuFins DadL LuFins Dad

                                  A more cynical solution would be to go to war…

                                  George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #56

                                  @lufins-dad said in Inflation:

                                  A more cynical solution would be to go to war…

                                  Link to video

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • 89th8 Offline
                                    89th8 Offline
                                    89th
                                    wrote on last edited by
                                    #57

                                    Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                    JollyJ 1 Reply Last reply
                                    • 89th8 89th

                                      Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                      JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #58

                                      @89th said in Inflation:

                                      Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                      Yeah, but what you get, still won't keep up with inflation.

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #59

                                        Screen-Shot-2022-02-05-at-9.22.29-PM.png.jpg

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        taiwan_girlT 1 Reply Last reply
                                        • MikM Offline
                                          MikM Offline
                                          Mik
                                          wrote on last edited by
                                          #60

                                          alt text

                                          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                          1 Reply Last reply
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