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  3. Inflation

Inflation

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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 Online
                    HoraceH Online
                    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
                                      • 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.

                                        George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #162

                                        @LuFins-Dad said in Inflation:

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

                                        Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                        Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                        Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                        "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.

                                        Doctor PhibesD LuFins DadL 2 Replies Last reply
                                        • George KG George K

                                          @LuFins-Dad said in Inflation:

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

                                          Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                          Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                          Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by
                                          #163

                                          @George-K said in Inflation:

                                          @LuFins-Dad said in Inflation:

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

                                          Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                          Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                          Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                          That would be hilarious if it wasn't so sad.

                                          I was only joking

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