Core Inflation pushing near 3%

[Hollie]

Sept 2024. Who was president then?

Who was acting president?

Yes, US oil production is expected to increase in 2025, but at a slower pace than previously anticipated. The EIA projects an average of 13.4 million barrels per day (b/d) in both 2025 and 2026, which is slightly lower than their previous forecast. However, this still represents a record high for US oil production.

 

[pknopp]

Who was acting president?

Yes, US oil production is expected to increase in 2025, but at a slower pace than previously anticipated. The EIA projects an average of 13.4 million barrels per day (b/d) in both 2025 and 2026, which is slightly lower than their previous forecast. However, this still represents a record high for US oil production.

It fell.

 

[SweetTea]

Except the Fed is right. Inflation went up.

Going to be hard to justify that rate cut now.

Inflation goes up and down. As pointed out, it increased .15% from Oct. 2024 to Dec. 2024. No tariffs.

You guys don't have a clue what you are talking about. You are just spewing the crap you hear from the talking heads.

Evidently you are ignorant to the fact that tariffs bring more money into the economy, offsetting much of the inflation pressures. Your sources don't tell you that because they want to keep you uniformed/misinformed.

Simple question regarding tariffs. If they are bad for us, why would those we are at "war" with raise their tariffs in response? Why would they hurt themselves? Think on that and get back with me or better yet Google it to find some liberal talking head spinning the obvious.

 

[Marener]

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

Did Biden promise to lower prices? Nope and I never expected him to.

Trump set his own standard. That's not my fault. Has nothing to do with Biden.

 

[Hollie]

It fell.

What fell?

 

[SweetTea]

Did Biden promise to lower prices? Nope and I never expected him to.

Harris did and you voted for her, right?

 

[Marener]

Inflation goes up and down. As pointed out, it increased .15% from Oct. 2024 to Dec. 2024. No tariffs.

You guys don't have a clue what you are talking about. You are just spewing the crap you hear from the talking heads.

Evidently you are ignorant to the fact that tariffs bring more money into the economy, offsetting much of the inflation pressures. Your sources don't tell you that because they want to keep you uniformed/misinformed.

Simple question regarding tariffs. If they are bad for us, why would those we are at "war" with raise their tariffs in response? Why would they hurt themselves? Think on that and get back with me or better yet Google it to find some liberal talking head spinning the obvious.

Sure. December 2024 was driven by different factors. Airfare and car prices were up at that time. Notably, consumer spending was increasing very nicely, so you'd expect some increases due to the demand in things that are pretty difficult to increase in supply, such as airfare.

This report shows increases in things that are sensitive to tariffs, such as apparel and home goods. There's good correlation between some tariffs, which have yet to really kick in, and the price increases we are seeing. Not only that, consumer spending is actually falling while inflation is increasing. Most likely because everyone rushed out and bought a bunch of stuff before the tariffs kicked in and then are just waiting. Not sure. I'm not an expect.

Not sure what you mean by tariffs "bring more money into the economy". They're taxes. Taxes on Americans. It's taking money OUT of the economy.

 

[Hollie]

Did Biden promise to lower prices? Nope and I never expected him to.

Trump set his own standard. That's not my fault. Has nothing to do with Biden.

Biden didn’t do anything but push inflation to 40 year highs.

Is that what you expected from Biden?

 

[Marener]

Harris did and you voted for her, right?

She had proposals to lower some prices, food and housing primarily.

She actually had proposals. All Trump had was wishful thinking and a lot of policies that are likely to increase prices through tariffs and deportations.

 

[Hollie]

Sure. December 2024 was driven by different factors. Airfare and car prices were up at that time. Notably, consumer spending was increasing very nicely, so you'd expect some increases due to the demand in things that are pretty difficult to increase in supply, such as airfare.

This report shows increases in things that are sensitive to tariffs, such as apparel and home goods. There's good correlation between some tariffs, which have yet to really kick in, and the price increases we are seeing. Not only that, consumer spending is actually falling while inflation is increasing. Most likely because everyone rushed out and bought a bunch of stuff before the tariffs kicked in and then are just waiting. Not sure. I'm not an expect.

Not sure what you mean by tariffs "bring more money into the economy". They're taxes. Taxes on Americans. It's taking money OUT of the economy.

Your hope for doom and gloom is a bust, Bunky.

Video: Markets Cheer Cooler June CPI as Tariff Impact Remains Tame — For Now

Video: Markets Cheer Cooler June CPI as Tariff Impact Remains Tame — For Now

www.ainvest.com

 

[Hollie]

She had proposals to lower some prices, food and housing primarily.

She actually had proposals. All Trump had was wishful thinking and a lot of policies that are likely to increase prices through tariffs and deportations.

Government run food stores would not lower prices, Harris had “proposals” the American public identified were clearly socialist re-runs,

 

[Zincwarrior]

Biden didn’t do anything but push inflation to 40 year highs.

Is that what you expected from Biden?

And then that admin lost the next election, yes?

 

[SweetTea]

Sure. December 2024 was driven by different factors. Airfare and car prices were up at that time. Notably, consumer spending was increasing very nicely, so you'd expect some increases due to the demand in things that are pretty difficult to increase in supply, such as airfare.

Just more excuses and spin. What are you excuses for Oct - Nov 2024? Inflation rose .15% during that period.

Not sure what you mean by tariffs "bring more money into the economy". They're taxes. Taxes on Americans. It's taking money OUT of the economy.

This is a false narrative pushed by the left that ignore the positives. The US has collected more tariffs than have been passed on to consumers, thus why inflation has not risen dramatically.

You didn't answer my question. Why would other countries threaten to increase tariffs on US imports if it hurt their economy?

 

[struth]

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.

nope you lie

Grocery prices experience biggest drop in almost 5 years

Food at-home costs fell 0.4% in April

www.supermarketnews.com

 

[struth]

View attachment 1136502

Grocery prices experience biggest drop in almost 5 years

Food at-home costs fell 0.4% in April

www.supermarketnews.com

 

[LeftofLeft]

After Biden-Harris oversaw one of the all-time spikes in inflation rates, they and their supporters were celebrating when it got back down to 3%. Now, evidently, it’s a problem.

 

[debbiedowner]

You cherry picked some items instead of all grocery prices.

Why did you lie?

Yep, I read the article and it does not show the whole picture but rather a couple of segments. If prices are down someone needs to tell publix and walmart in Florida. I can say at least a lot of products at Walmart are stable but in no way going down.

 

[iamwhatiseem]

Again, he inherited a downward trajectory and we are all hoping the the reversal and subsequent climb isnt a bad omen. We will see.

Again - Biden gave us 40 year high inflation, that we are still suffering from - you, along with everyone else on the left, lied and denied about it.
You have exactly zero right to talk about inflation or the economy ever again.

 

[struth]

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

We both know it was an empty promise.

No we don’t, prices have gone down.

 

[Hollie]

Yep, I read the article and it does not show the whole picture but rather a couple of segments. If prices are down someone needs to tell publix and walmart in Florida. I can say at least a lot of products at Walmart are stable but in no way going down.

Well…. As long as you say so…