Inflation Down Again: Under 3% Now

[Lesh]

CPI Inflation Report: July Data Falls Below 3% for First Time Since 2021; Housing Costs Surge; How the Release Affects the Fed

Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.

www.barrons.com

Inflation keeps dropping

In fact it will likely trigger a Fed rate cut

Way to go Joe

 

[Rambunctious]

Not good enough to relieve fears with the public.... that number does not include food or energy costs...

 

[Lesh]

Not good enough to relieve fears with the public.... that number does not include food or energy costs...

Hey dopey… it does include those things

Not including this things makes the rate 3.2%.

Guess what that means asshole?

Yeah food and energy costs DROPPED more than most things

 

[sealybobo]

Not good enough to relieve fears with the public.... that number does not include food or energy costs...

It'll never be enough for dumb cons like you.

Real wage growth in the COVID-19 recession recovery has been stronger than most recession recoveries. Table showing that the COVID-19 recovery has the second-highest real wage growth for a typical worker at 2 percent when compared with other recent recessions.

Workers’ Paychecks Are Growing More Quickly Than Prices

Most workers’ wages are growing more quickly than prices, and the economic recovery following the COVID-19 recession has featured historically strong real wage growth.

www.americanprogress.org

And this was in January. Things are much better now.

 

[Rambunctious]

Hey dopey… it does include those things

Not including this things makes the rate 3.2%.

Guess what that means asshole?

Yeah food and energy costs DROPPED more than most things

No it doesn't it never has...

 

[HikerGuy83]

CPI Inflation Report: July Data Falls Below 3% for First Time Since 2021; Housing Costs Surge; How the Release Affects the Fed

Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.

www.barrons.com

Inflation keeps dropping

In fact it will likely trigger a Fed rate cut

Way to go Joe

Now if he can only get grocery prices to drop by 30%.

The damage is done.

The Celery Stalk was successful in making people's lives miserable.

 

[Rambunctious]

Now if he can only get grocery prices to drop by 30%.

The damage is done.

The Celery Stalk was successful in making people's lives miserable.

Wages down 1.8%....

 

[HikerGuy83]

CPI Inflation Report: July Data Falls Below 3% for First Time Since 2021; Housing Costs Surge; How the Release Affects the Fed

Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.

www.barrons.com

Inflation keeps dropping

In fact it will likely trigger a Fed rate cut

Way to go Joe

What a sad day that we are cheering a rate of inflation below 3%.

Goes to show just how SCREWED UP Joe Liden had this place.

 

[HikerGuy83]

Wages down 1.8%....

The next big hit is looming.

If rates drop, housing prices are going to go up more than they have already.

 

[sealybobo]

Hey dopey… it does include those things

Not including this things makes the rate 3.2%.

Guess what that means asshole?

Yeah food and energy costs DROPPED more than most things

I don't think the $1 store is ever going to go back to $1. It's $1.25 now.

And the thing I sell, they are never going to lower the price. It is what it is. But I now make more and now I get a commission on $1.25 instead of $1. It all works out.

The people hurting the most are uneducated blue collar workers. The same people who Bush and Republicans sent all their good paying jobs to China and Mexico in order to break the unions. Companies don't like paying higher wages. And if they are allowed to go to Mexico they will.

Stop the mass layoffs at Stellantis Warren Truck Assembly Plant!

The auto companies are relying completely on the bureaucrats in the UAW, and their counterparts in other countries, to strangle opposition to layoffs.

www.wsws.org

 

[Captain Caveman]

CPI Inflation Report: July Data Falls Below 3% for First Time Since 2021; Housing Costs Surge; How the Release Affects the Fed

Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.

www.barrons.com

Inflation keeps dropping

In fact it will likely trigger a Fed rate cut

Way to go Joe

Cost of products and services still high.

Way to go Joe

 

[Rambunctious]

The next big hit is looming.

If rates drop, housing prices are going to go up more than they have already.

Homes aren't moving as fast as they were... signs up longer... less interest in moving....

 

[Harpy Eagle]

Now if he can only get grocery prices to drop by 30%.

The damage is done.

Prices never go back down.

If fact most people understand that deflation is far worse than inflation

 

[Rambunctious]

Prices never go back down.

If fact most people understand that deflation is far worse than inflation

That's not true... bring energy costs down prices everywhere will follow....

 

[Harpy Eagle]

That's not true... bring energy costs down prices everywhere will follow....

No they will not. Point a time after there was a round of inflation to where the prices went back down to where they were, it never happens.

Companies have gotten us used to paying the higher prices, they have no reason to lower them.

 

[Rambunctious]

No they will not. Point a time after there was a round of inflation to where the prices went back down to where they were, it never happens.

Companies have gotten us used to paying the higher prices, they have no reason to lower them.

They did after Obama was defeated.... history means things....

 

[HikerGuy83]

Prices never go back down.

If fact most people understand that deflation is far worse than inflation

You can't say never then talk about deflation.

I agree that prices rarely go down. That's the problem with the Celery Stalks economy. The people who are hurting are those who's savings didn't keep up with inflation (which is most everyone). In effect cutting into their buying power.

I would agree that deflation is bad in that it is painful (generally happens during a recession). But in this case...it might be worth it.

We can't normalize here. Especially when it comes to housing.

 

[Harpy Eagle]

They did after Obama was defeated.... history means things....

You lie again.

They kept going up till COVID where there was a little dip, and then up again.

 

[HikerGuy83]

Companies have gotten us used to paying the higher prices, they have no reason to lower them.

This is really a basic supply/demand reasoning and is true.

However, there seems to be latent demand which may fall off causing prices to drop.

Prices today are simply stupid.

 

[Harpy Eagle]

You can't say never then talk about deflation.

I agree that prices rarely go down. That's the problem with the Celery Stalks economy. The people who are hurting are those who's savings didn't keep up with inflation (which is most everyone). In effect cutting into their buying power.

I would agree that deflation is bad in that it is painful (generally happens during a recession). But in this case...it might be worth it.

We can't normalize here. Especially when it comes to housing.

wages are catching up to inflation, that is what always happens.

Higher housing prices were one of the main things Trump bragged about when he said how good his economy was....why are they bad now?