Core Inflation pushing near 3%

[Marener]

2.95% to be exact. What is the average inflation this year under Trump through June? I'll give you a hint...it is lower than that.

That’s nice, but it is on the rise. Is it not?

 

[Marener]

It was reported food for July 4 paries at a four year low. Trump is the man!

What a childish and simplistic reply.

 

[citygator]

Um, wrong again. This doesn't look like a downward trend to me.

Sept. 2024 - 2.44%
Oct. 2024 - 2.60%
Nov. 2024 - 2.75%
Dec. 2024 - 2.89%

Downward trajectory...

 

[HikerGuy83]

It's just a data point at this point, but most economists expect inflation from the deficit and tariffs. I assume you agree that growing inflation is a warning sign?

I agree that if it stays there...it's a problem.

 

[Marener]

Haha Take it up with the grocery store index that keeps track of these things

You really are desperately pathetic

I’ll take it up with you because you’re the one that lied.

BLS keeps track of these things and they prove you’re a liar.

 

[SweetTea]

That’s nice, but it is on the rise. Is it not?

Less than it was on the rise from Oct 2024 to Nov 2024 or from Nov 2024 to Dec 2024. Were you freaking out then too?

 

[citygator]

Haha Take it up with the grocery store index that keeps track of these things

You really are desperately pathetic

 

[Marener]

Less than it was on the rise from Oct 2024 to Nov 2024 or from Nov 2024 to Dec 2024. Were you freaking out then too?

CPI jumped 0.3% year over year from May to June, higher than any jump in that time frame.

Didn’t Trump say prices would come down?

 

[SweetTea]

CPI jumped 0.3% year over year from May to June, higher than any jump in that time frame.

Didn’t Trump say prices would come down?

He said inflation would go down and some prices(gas). He will be proven correct by the end of his term, provided no more China virus or the like.

Also, wage growth plays into all of this.

 

[Zincwarrior]

Up compared to what?

Last month.

It is lower now than when Biden left office.

Yes Biden left office partially as a result of this. Its now going up and the Fed is holding off rate cuts because of it.

 

[SweetTea]

Last month.

Yes Biden left office partially as a result of this. Its now going up and the Fed is holding off rate cuts because of it.

Inflation varies from month to month. It goes up one month and back down the next. There is no real trend here.

The fed is holding off because they assume that tariffs will cause a substantial rise in inflation. IMO, they are incorrect.

Also, they won't raise rates if the fundamentals in the economy are strong, so there is that as well. They clearly don't believe the risk of inflation outweighs the strength of the economy, thus why they are holding pat.

 

[Hollie]

Oil production fell raising prices.

Go MAGA.

Go stupid

Why U.S. Oil Production Is 6.5% Ahead Of Last Year’s Record Pace

According to the latest report from the U.S. Energy Information Administration, year-to-date oil production is 6.5% higher than last year’s record pace.

www.forbes.com

 

[Marener]

He said inflation would go down and some prices(gas). He will be proven correct by the end of his term, provided no more China virus or the like.

Also, wage growth plays into all of this.

Why do you need to warp reality? He didn’t say “some” prices would come down.

We both know it was an empty promise.

 

[jknowgood]

What a childish and simplistic reply.

Lol, now facts are childish? The fact is auto pen Biden had inflation at a 40 year high and Trump brought it down. What is childish is you on here daily complaining about every little thing Trump does, when Biden was the worst president in our history.

 

[pknopp]

Go stupid

Why U.S. Oil Production Is 6.5% Ahead Of Last Year’s Record Pace

According to the latest report from the U.S. Energy Information Administration, year-to-date oil production is 6.5% higher than last year’s record pace.

www.forbes.com

Sept 2024. Who was president then?

 

[Zincwarrior]

Inflation varies from month to month. It goes up one month and back down the next. There is no real trend here.

The fed is holding off because they assume that tariffs will cause a substantial rise in inflation. IMO, they are incorrect.

Also, they won't raise rates if the fundamentals in the economy are strong, so there is that as well. They clearly don't believe the risk of inflation outweighs the strength of the economy, thus why they are holding pat.

It went up last month too.

 

[Marener]

Lol, now facts are childish? The fact is auto pen Biden had inflation at a 40 year high and Trump brought it down. What is childish is you on here daily complaining about every little thing Trump does, when Biden was the worst president in our history.

Data shows that grocery prices aren’t down.

 

[Marener]

The fed is holding off because they assume that tariffs will cause a substantial rise in inflation. IMO, they are incorrect.

Except the Fed is right. Inflation went up.

Going to be hard to justify that rate cut now.

 

[SweetTea]

Why do you need to warp reality? He didn’t say “some” prices would come down.

We both know it was an empty promise.

Oh ok. Did prices come down under Biden? You didn't seem to care.

 

[theHawk]

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.

Why on earth would we exclude energy and food prices?

Now suddenly we need to exclude those because they are way down, and you need to do some mental gymnastics to make the Trump economy look bad.

Y’all are so pathetic.