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  3. Inflation

Inflation

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  • G Offline
    G Offline
    George K
    wrote on 13 Oct 2022, 16:35 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
    • G Offline
      G Offline
      George K
      wrote on 14 Oct 2022, 18:21 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
      • L Offline
        L Offline
        LuFins Dad
        wrote on 15 Oct 2022, 17:05 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
        • M Offline
          M Offline
          Mik
          wrote on 15 Oct 2022, 17:07 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.

          "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

          1 Reply Last reply
          • L LuFins Dad
            21 Nov 2021, 18:02

            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

            L Offline
            L Offline
            LuFins Dad
            wrote on 15 Oct 2022, 17:15 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

            G 1 Reply Last reply 21 Nov 2022, 20:30
            • T Offline
              T Offline
              taiwan_girl
              wrote on 16 Oct 2022, 01:26 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?

              L 1 Reply Last reply 16 Oct 2022, 02:17
              • T taiwan_girl
                16 Oct 2022, 01:26

                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?

                L Offline
                L Offline
                LuFins Dad
                wrote on 16 Oct 2022, 02:17 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

                T G 2 Replies Last reply 16 Oct 2022, 02:46
                • L LuFins Dad
                  16 Oct 2022, 02:17

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

                  T Offline
                  T Offline
                  taiwan_girl
                  wrote on 16 Oct 2022, 02:46 last edited by
                  #161

                  @LuFins-Dad Thanks!!!

                  1 Reply Last reply
                  • L LuFins Dad
                    16 Oct 2022, 02:17

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

                    G Offline
                    G Offline
                    George K
                    wrote on 16 Oct 2022, 11:53 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.

                    D L 2 Replies Last reply 16 Oct 2022, 12:02
                    • G George K
                      16 Oct 2022, 11:53

                      @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.”

                      D Online
                      D Online
                      Doctor Phibes
                      wrote on 16 Oct 2022, 12:02 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

                      1 Reply Last reply
                      • G George K
                        16 Oct 2022, 11:53

                        @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.”

                        L Offline
                        L Offline
                        LuFins Dad
                        wrote on 16 Oct 2022, 12:43 last edited by
                        #164

                        @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.”

                        July of 2021 had a lower CPI than September of 2021. Finding the actual CPI numbers goes beyond my simple Googlefu but I know that 8.2% increase ~5.5% is greater than 8.2% over 4.2%…

                        The Brad

                        D 1 Reply Last reply 16 Oct 2022, 15:08
                        • L LuFins Dad
                          16 Oct 2022, 12:43

                          @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.”

                          July of 2021 had a lower CPI than September of 2021. Finding the actual CPI numbers goes beyond my simple Googlefu but I know that 8.2% increase ~5.5% is greater than 8.2% over 4.2%…

                          D Online
                          D Online
                          Doctor Phibes
                          wrote on 16 Oct 2022, 15:08 last edited by
                          #165

                          Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                          I was only joking

                          H 1 Reply Last reply 16 Oct 2022, 15:25
                          • D Doctor Phibes
                            16 Oct 2022, 15:08

                            Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                            H Offline
                            H Offline
                            Horace
                            wrote on 16 Oct 2022, 15:25 last edited by
                            #166

                            @Doctor-Phibes said in Inflation:

                            Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                            I suspect they are dumbing down the messaging so that people with circa 5th percentile critical thing skills will buy this story that makes their party look competent.

                            Education is extremely important.

                            1 Reply Last reply
                            • J Online
                              J Online
                              jon-nyc
                              wrote on 17 Oct 2022, 18:22 last edited by
                              #167

                              It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                              Thank you for your attention to this matter.

                              D 1 Reply Last reply 22 Oct 2022, 02:36
                              • A Offline
                                A Offline
                                Axtremus
                                wrote on 22 Oct 2022, 02:34 last edited by
                                #168

                                https://www.cbsnews.com/news/irs-401k-contribution-limit-increasing-by-record/

                                "The IRS on Friday said it is boosting the 2023 contribution limits for 401(k)s by a record $2,000 due to the high pace of inflation, which will allow workers to sock away more money in 2023.

                                Individuals will be able to save up to $22,500 in their 401(k)s next year, an increase of 9.8% from the current year's limit of $20,500, the agency said in a statement. The new limit also applies to other types of defined contribution plans, including 403(b), most 457 plans and the federal government's Thrift Savings Plan."
                                ...

                                1 Reply Last reply
                                • J jon-nyc
                                  17 Oct 2022, 18:22

                                  It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                                  D Online
                                  D Online
                                  Doctor Phibes
                                  wrote on 22 Oct 2022, 02:36 last edited by
                                  #169

                                  @jon-nyc said in Inflation:

                                  It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                                  The gas to drive your girlfriend out of State is going to cost more than that at the rate we're going.

                                  I was only joking

                                  1 Reply Last reply
                                  • J Offline
                                    J Offline
                                    Jolly
                                    wrote on 22 Oct 2022, 09:38 last edited by
                                    #170

                                    If you asked the average guy on the street if inflation was more or less than 8%, I suspect the answer would be more than 8%.

                                    “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

                                    T 1 Reply Last reply 23 Oct 2022, 02:07
                                    • J Jolly
                                      22 Oct 2022, 09:38

                                      If you asked the average guy on the street if inflation was more or less than 8%, I suspect the answer would be more than 8%.

                                      T Offline
                                      T Offline
                                      taiwan_girl
                                      wrote on 23 Oct 2022, 02:07 last edited by
                                      #171

                                      @Jolly said in Inflation:

                                      If you asked the average guy on the street if inflation was more or less than 8%, I suspect the answer would be more than 8%.

                                      I agree. I think a lot of people would respond that it is 20% or even more.

                                      Thailand inflation is quite high. The thing that is saving US expats is the USD vs, Thai baht is doing well, so the inflation is not noticed as much?

                                      1 Reply Last reply
                                      • A Offline
                                        A Offline
                                        Axtremus
                                        wrote on 27 Oct 2022, 19:42 last edited by
                                        #172

                                        https://www.cnn.com/2022/10/27/business/mcdonalds-prices/index.html

                                        McDonald’s third quarter prices were up around 10% year over year on average.

                                        1 Reply Last reply
                                        • J Offline
                                          J Offline
                                          Jolly
                                          wrote on 27 Oct 2022, 23:09 last edited by
                                          #173

                                          Well, bud, I did some grocery shopping today. Everything's higher.

                                          Some items have almost doubled in the last year.

                                          “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

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