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The New Coffee Room

  1. TNCR
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  3. 6.4% in January

6.4% in January

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #1

    https://www.msn.com/en-us/money/markets/january-inflation-hits-6-4-missing-analysts-expectations-for-a-faster-slowdown/ar-AA17t2dk?ocid=msedgntp&pc=W129&cvid=110c4ee601224ae29dba3e0c61b8f02f

    “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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    • Doctor PhibesD Offline
      Doctor PhibesD Offline
      Doctor Phibes
      wrote on last edited by
      #2

      It's the 10% food price rate which is the killer, and obviously affects normal and poorer folk more. Our last grocery was actually quite surprising. And not in a good way.

      Jon and Horace probably aren't too bothered as they debate whether to trade in the expensive piano for an even more expensive piano, and whether they can lose more money with AAPL or GOOGL investments. For the rest of us poor schlubs, it's a cold, hard, unforgiving world out there.

      I was only joking

      LuFins DadL 1 Reply Last reply
      • Doctor PhibesD Doctor Phibes

        It's the 10% food price rate which is the killer, and obviously affects normal and poorer folk more. Our last grocery was actually quite surprising. And not in a good way.

        Jon and Horace probably aren't too bothered as they debate whether to trade in the expensive piano for an even more expensive piano, and whether they can lose more money with AAPL or GOOGL investments. For the rest of us poor schlubs, it's a cold, hard, unforgiving world out there.

        LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #3

        @Doctor-Phibes said in 6.4% in January:

        It's the 10% food price rate which is the killer, and obviously affects normal and poorer folk more. Our last grocery was actually quite surprising. And not in a good way.

        Jon and Horace probably aren't too bothered as they debate whether to trade in the expensive piano for an even more expensive piano, and whether they can lose more money with AAPL or GOOGL investments. For the rest of us poor schlubs, it's a cold, hard, unforgiving world out there.

        To me, it’s the compounding inflation that’s the bigger issue. The 6.4 is probably as much of an actual CPI increase as last year’s historic 7.5% January…

        And we are damn lucky that it’s been a mild winter.

        The Brad

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        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #4

          Just as an observation...Wife is helping her mom and dad lock in their funeral costs. $25k for the two of them, not including cemetery costs (headstone, plot, etc.)

          That represents almost a 10% increase in the last year or so. And...the person at the funeral home told them they are expecting another price increase in the next 60 days, due to rising costs on their end.

          “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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