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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
    #142

    91INFLATION-587x600.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
      #143

      When I first started buying this dog food a little over two years ago, it was $30/bag. Then it went to $32 about a year or so ago. Then, in the last ten months or less, it went to $38. Then $42. Today, it's $50.
      alt text

      That ain't 9.1%.

      And it's the same for meat, milk, eggs, flour. gas, diesel, car parts, etc.

      “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
      • JollyJ Jolly referenced this topic on
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      • George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #144

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

        The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the
        U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in
        May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved
        up 11.3 percent for the 12 months ended in June, the largest increase since a record 11.6-percent
        jump in March 2022.

        In June, three-fourths of the advance in the index for final demand was due to a 2.4-percent rise
        in prices for final demand goods. The index for final demand services increased 0.4 percent.

        "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
          #145

          Holy crap - CNN -

          (CNN)The White House has been so wrong, so often, on inflation

          https://www.cnn.com/2022/07/14/politics/democrats-frustrated-biden-inflation-2022/index.html

          The Brad

          1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #146

            Nothing new. Dems are scared and they've come to the conclusion that The Resident is dragging them down. He's the lamest of lame ducks. So, they've decided to start criticizing him, in two-fold strategy:

            1. To create some daylight between the White House and all those guys running for the House and the Senate.
            2. To make sure Biden does not run in 2024, and encourage other Dems to start the process of a Presidential run (interest, organizations, vetting, money).

            IMO, of course.

            “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
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #147

              And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

              I wish them well.

              “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

              MikM 1 Reply Last reply
              • AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by
                #148

                https://www.bls.gov/cpi/latest-numbers.htm

                September 2022's CPI's headline number is +8.2%.

                1 Reply Last reply
                • JollyJ Jolly

                  And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                  I wish them well.

                  MikM Offline
                  MikM Offline
                  Mik
                  wrote on last edited by
                  #149

                  @Jolly said in Inflation:

                  And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                  I wish them well.

                  But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                  Deep News.

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

                  HoraceH 1 Reply Last reply
                  • MikM Offline
                    MikM Offline
                    Mik
                    wrote on last edited by
                    #150

                    As far as inflation, groceries are up between 25 and 50%.

                    “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
                    • JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on last edited by
                      #151

                      Vote Demonrat.

                      “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
                      • MikM Mik

                        @Jolly said in Inflation:

                        And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                        I wish them well.

                        But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                        Deep News.

                        HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote on last edited by
                        #152

                        @Mik said in Inflation:

                        @Jolly said in Inflation:

                        And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                        I wish them well.

                        But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                        Deep News.

                        The indoctrinated masses feel, deep in their feeliest feels, that Republicans are an existential threat. Not sure how that becomes negotiable. These people may be permanently lost and broken when it comes to political affiliation.

                        Education is extremely important.

                        1 Reply Last reply
                        • MikM Offline
                          MikM Offline
                          Mik
                          wrote on last edited by Mik
                          #153

                          Well, I watched the Ohio US senate and house for my district debates in full. In both cases the GOP candidate won out over the opponent with facts. Both Dems stood up there and lied through their teeth.

                          “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
                          • George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #154

                            "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
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #155

                              Someone needs to DO something about this!

                              joe_biden_inflation_1978.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
                              • LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #156

                                So we’re a year in to this with no sign of relief.

                                https://www.cnn.com/2022/10/13/business/fed-interest-rates-inflation-nightcap/index.html

                                Last year our September numbers showed a 5% -6% increase, this year it’s 8%-9%. So over 2 years it’s what? 15%-17% now that inflation is stacking on top of inflation?

                                The Brad

                                1 Reply Last reply
                                • MikM Offline
                                  MikM Offline
                                  Mik
                                  wrote on last edited by
                                  #157

                                  It's transitory, they said.

                                  Of course, transitory only means it won't stay where it was then. So it got worse.

                                  “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
                                  • LuFins DadL LuFins Dad

                                    Remember the Farm Bureau’s .14 cent 4th of July?

                                    They’re back…

                                    https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote on last edited by
                                    #158

                                    @LuFins-Dad said in Inflation:

                                    Remember the Farm Bureau’s .14 cent 4th of July?

                                    They’re back…

                                    https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                                    Can’t wait to see this year’s number.

                                    The Brad

                                    George KG 1 Reply Last reply
                                    • taiwan_girlT Offline
                                      taiwan_girlT Offline
                                      taiwan_girl
                                      wrote on last edited by
                                      #159

                                      How is the inflation measured?

                                      When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                                      Or is it calculated differently?

                                      LuFins DadL 1 Reply Last reply
                                      • taiwan_girlT taiwan_girl

                                        How is the inflation measured?

                                        When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                                        Or is it calculated differently?

                                        LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #160

                                        @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                        The Brad

                                        taiwan_girlT George KG 2 Replies Last reply
                                        • LuFins DadL LuFins Dad

                                          @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                          taiwan_girlT Offline
                                          taiwan_girlT Offline
                                          taiwan_girl
                                          wrote on last edited by
                                          #161

                                          @LuFins-Dad Thanks!!!

                                          1 Reply Last reply
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