Core Inflation pushing near 3%

[citygator]

Looks like inflation is pushing into 3% territory. Core inflation was 2.9%.

https://www.nytimes.com/2025/07/15/business/cpi-report-inflation-june.html

The Consumer Price Index rose 2.7 percent from a year ago, the swiftest pace since February, data released by the Bureau of Labor Statistics showed on Tuesday. That is slightly higher than expected and is up from an annual pace of 2.4 percent in May.

“Core” inflation, which strips out volatile food and energy prices and is seen as a reliable gauge for underlying price pressures, also shifted higher. Those prices were up 2.9 percent from the same time last year.

 

[airplanemechanic]

Pushing into 3%?

When it "pushes" into Biden 9% give me a call.

 

[justoffal]

Looks like inflation is pushing into 3% territory. Core inflation was 2.9%.

https://www.nytimes.com/2025/07/15/business/cpi-report-inflation-june.html

The Consumer Price Index rose 2.7 percent from a year ago, the swiftest pace since February, data released by the Bureau of Labor Statistics showed on Tuesday. That is slightly higher than expected and is up from an annual pace of 2.4 percent in May.

“Core” inflation, which strips out volatile food and energy prices and is seen as a reliable gauge for underlying price pressures, also shifted higher. Those prices were up 2.9 percent from the same time last year.

Got to agree with this. I've seen the government reports on the most recent cost of living adjustments.... I don't think they're correct.
Everything I'm seeing in every direction shows an uptick in cost for almost everything. It may be related to Dollar deterioration in general but I think it's also related to the fact we're not getting enough effort from corporate America.

 

[pknopp]

Oil production fell raising prices.

Go MAGA.

 

[pknopp]

Rip-off America? From car rentals to coffee, inflation is rampant

Supply problems, fuel prices and corporate greed all contributed to pushing costs higher for families and tourists — and the effect of tariffs is still to come

www.thetimes.com

 

[airplanemechanic]

Liberals with 9% inflation under Biden: "Everything is fine. Don't worry."
Liberals with 3% inflation under Trump: "ZOMG THE WORLD IS ENDING"

 

[Votto]

Pushing into 3%?

When it "pushes" into Biden 9% give me a call.

So, Gator posts about inflation reaching 3% under Trump but ignored it when it was 9% under Biden?

 

[Marener]

Liberals with 9% inflation under Biden: "Everything is fine. Don't worry."
Liberals with 3% inflation under Trump: "ZOMG THE WORLD IS ENDING"

Are you being intentionally obtuse? Or are you just that big of a hack?

 

[Marener]

So, Gator posts about inflation reaching 3% under Trump but ignored it when it was 9% under Biden?

Wasnt Trump elected to bring down prices? He’s increasing them.

 

[airplanemechanic]

Are you being intentionally obtuse? Or are you just that big of a hack?

I'm being intentionally truthful.

 

[Dekster]

Got to agree with this. I've seen the government reports on the most recent cost of living adjustments.... I don't think they're correct.
Everything I'm seeing in every direction shows an uptick in cost for almost everything. It may be related to Dollar deterioration in general but I think it's also related to the fact we're not getting enough effort from corporate America.

I personally don't get the same sense of things but TBH, we really aren't buying a lot other than necessities and clothing and it seems like clothes are always on sale somewhere or the other as brick and mortar retailors struggle for volume.

 

[airplanemechanic]

Wasnt Trump elected to bring down prices? He’s increasing them.

Wasn't Biden elected to save the country? He about killed it dead. The zombie n chief. 1.4% inflation to 9% inflation and you idiots think Biden did a good job!

 

[justoffal]

Oil production fell raising prices.

Go MAGA.

I personally don't get the same sense of things but TBH, we really aren't buying a lot other than necessities and clothing and it seems like clothes are always on sale somewhere or the other as brick and mortar retailors struggle for volume.

Yeah I'm much the same way.... I'm not really complaining about it I'm just trying to observe the numbers and see how they squash out against the value of the dollar. There are two different ways things can happen... Prices can go up yes, but the one thing that always escapes everybody is that the dollar can go down. It's much more subtle and much more deadly.

 

[Marener]

I'm being intentionally truthful.

No one said 9% inflation is fine.

 

[Marener]

Wasn't Biden elected to save the country? He about killed it dead. The zombie n chief. 1.4% inflation to 9% inflation and you idiots think Biden did a good job!

This thread isn’t about Biden.

Why don’t you want to talk about Trump? Embarrassed? Or just waiting for your talking points to regurgitate?

 

[Votto]

No one said 9% inflation is fine.

All we heard from the Left wing loons is how great the economy was at 9% inflation with Joe Biden in orfice.

If only we could return

If only.

 

[airplanemechanic]

This thread isn’t about Biden.

Why don’t you want to talk about Trump?

This thread is about inflation.

Why don't you want to talk about Biden's inflation which was, presently 300% higher, than it is under Trump?

 

[Marener]

All we heard from the Left wing loons is how great the economy was at 9% inflation

Is 3% inflation great?

 

[Marener]

This thread is about inflation.

Why don't you want to talk about Biden's inflation which was, presently 300% higher than it is under Trump?

It’s about the current inflation rate. If you want to talk about the inflation rate from 3 years ago, start a new thread.

 

[Votto]

This thread is about inflation.

Why don't you want to talk about Biden's inflation which was, presently 300% higher than it is under Trump?

The problem here is that those starting this thread do it only to attack Trump, which is the only thing they do 24/7. It is basically their life's work.

So, no. This thread is not really about inflation. This thread is about Orange man bad because this thread does not even hint as to what causes inflation, nor does it care.

So, why did inflation take off like it did? From what I have ascertained, and not with the help of the Left wing loons in the media and academia, is because of the world wide response to Covid. You shut down the world economy and inflation is just waiting around the corner, which is why the entire world is immersed with the inflation problem. This cannot be helped because it artificially creates shortages around the world, which triggers inflation.

But the Left loved the response to the Covid, aside from Sweden who inexplicably decided to carry on life as usual and were just fine as a result. Had the world done what Sweden had done, which is nothing, instead of the government power grab to try and restrict people from speaking their minds on social media and restricting where they could assemble and forcing them to wear masks and forcing them to get the jab, etc., the world economy and its people would have been just fine, But the power grab for the Left was simply better than sex for the average fascist Left wing lunatic so they could not help themselves. They also want the same power grab due to the fanaticism for the Climate Cult like we had with the vaccine cult.

Other issues that also effect inflation include government spending, which is why with Trump's new BBB and it's spending is probably why it is inching up again. But the Left does not really want to talk about this either because they secretly want everything to be "free", i.e., the government paying for it all, along with spending about a $100 on fighting the air and reparations, etc.