Inflation Plummeting Rapidly

[Mac1958]

The Fed may get its soft landing. Odds have certainly improved a bit.

Which would be fitting, since they were so fucking late with addressing inflation in the first place.

 

[elektra]

corn is expensive as well

$350/ton
Corn prices have reached record highs12. According to International Grains Council (IGC) data going back over 20 years, the corn price has reached $350/ton for the first time for a major exporter (the United States)1. Bids for all major exporters notched record highs in early March1. The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September 20122

 

[rightwinger]

corn is expensive as well

$350/ton
Corn prices have reached record highs12. According to International Grains Council (IGC) data going back over 20 years, the corn price has reached $350/ton for the first time for a major exporter (the United States)1. Bids for all major exporters notched record highs in early March1. The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September 20122

You are Cherry Picking

Overall inflation is down significantly

 

[elektra]

You are Cherry Picking

Overall inflation is down significantly

everyone needs concrete, a home to live in, hardly cherry picking
lots of americans eat corn and potatoes

cherries? 1.99 a lb, I bought them, from washington, but zero flavor, although they were as cheap as I have ever seen them.

rice is extremely expensive as well


$1,270/mt

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S&P Global Commodity Insights' Platts assessment of US #1, 4% broken white rice touched an all-time high of $1,270/mt FAS FCL Oakland March 17 (see chart), up by $700/mt from Platts' all-time low five years ago, with Calrose paddy prices witnessing comparable gains. The previous all-time high was set in 2008-09.

As California rice prices hit successive all-time highs, what comes ...​

 

[elektra]

lumber for building houses, all time record high

• Lumber prices hit a record high of over $1,400 per thousand board feet on Monday.
• The record continues a historic run for lumber, up 57% in 2021 and 325% over the past year.
• Lumber's rise has led to a $24,000 apiece jump in new-home prices since April 2020.

Lumber's 325% Surge Has Pushed New-Home Prices up $24,000 A…​

 

[elektra]

steel a record high price

$1,540/ton

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Steel Market Update (SMU) reported a new all-time high for hot-rolled coil of $1,540/ton in the second week of May. That’s more than triple the price at its low point in August last year and 44% above the previous high of $1,070/ton reported by SMU in 2008. And the momentum is pointing still higher.

 

[rightwinger]

The prices of everything, going up up up and away

The price of concrete is still going up, hence the price of new housing must go up

How many people need a house? Now it costs more because of the Democrat's policies.

The price of eggs has gone way down, so has the price of milk and bread.
The price of Beef, Chicken and Pork has also dropped dramatically

 

[The Duke]

The prices of everything, going up up up and away

The price of concrete is still going up, hence the price of new housing must go up

How many people need a house? Now it costs more because of the Democrat's policies.

Lumber is sky high too, as is food, gas is up, electric prices, housing.

The OP would piss down your back and tell you it's raining.

The Wanker really would.

 

[elektra]

The price of eggs has gone way down, so has the price of milk and bread.
The price of Beef, Chicken and Pork has also dropped dramatically

look who cherry picks, now.

Bread is expensive as hell, $5 or more unless you buy the extremely cheap stuff.
Eggs, most likely we will never see the price under a $1 a dozen as when Trump was president.
Milk, that is not cheap, even if it did go down.

Beef, still at record highs, chicken and pork are okay, but not cheap!

 

[The Duke]

The price of eggs has gone way down, so has the price of milk and bread.
The price of Beef, Chicken and Pork has also dropped dramatically

All meat is through the roof right now, fucktard.

You must be reading some fucking talking points, not actually shopping for meat.

 

[The Duke]

look who cherry picks, now.

Bread is expensive as hell, $5 or more unless you buy the extremely cheap stuff.
Eggs, most likely we will never see the price under a $1 a dozen as when Trump was president.
Milk, that is not cheap, even if it did go down.

Beef, still at record highs, chicken and pork are okay, but not cheap!

Pork's way up. Whatever happened to Anti-Trust laws?

 

[rightwinger]

look who cherry picks, now.

Bread is expensive as hell, $5 or more unless you buy the extremely cheap stuff.
Eggs, most likely we will never see the price under a $1 a dozen as when Trump was president.
Milk, that is not cheap, even if it did go down.

Beef, still at record highs, chicken and pork are okay, but not cheap!

These are consumer prices that inflation data is calculated on

Eggs were $6 a dozen and are now under $2
Milk was $6 a gallon and is now $4.25
Ground Beef was $6.50 a lb and is now around $4.50
Chucken was $4 a lb and is now $2

The price of consumer appliances has dropped now that supply chain issues have resolved

 

[Independent thinker]

The inflation reduction act is working brilliantly.

Inflation has plummeted down to only +0.2% MoM both core and non-core. Rate cuts will be coming soon and the economy is looking great, on the brink of a 90's style Bill Clinton mega boom. This is the 2nd month of 0.2% inflation, the FED's target ! Inflation is bye bye.

Joe Biden = Bill Clinton 2.0

The good and successful presidents are always Democrats, all the recessions and debt and deficit are under the Republicans.

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

Hunter, Hunter, Hunter, the news is that inflation went up, not down. And, every economist there is admits that when it had gone down from 9% it had nothing to do with the Inflation Reduction Act. The Ukrainians aren't getting their money's worth out of your trolling.

 

[rightwinger]

All meat is through the roof right now, fucktard.

You must be reading some fucking talking points, not actually shopping for meat.

You obviously do not shop

 

[elektra]

These are consumer prices that inflation data is calculated on

Eggs were $6 a dozen and are now under $2
Milk was $6 a gallon and is now $4.25
Ground Beef was $6.50 a lb and is now around $4.50
Chucken was $4 a lb and is now $2

The price of consumer appliances has dropped now that supply chain issues have resolved

those prices are still at a record high, and you are low balling, not using average price

 

[The Duke]

You obviously do not shop

Alright, motherfucker, what's a good price for chicken breasts, pork tenderloin, and chuck steak?

And let's see you link to them currently being that.

 

[rightwinger]

those prices are still at a record high, and you are low balling, not using average price

View attachment 813406

I am going by what I pay at the Supermarket vs what I paid a year ago

 

[elektra]

These are consumer prices that inflation data is calculated on

Eggs were $6 a dozen and are now under $2
Milk was $6 a gallon and is now $4.25
Ground Beef was $6.50 a lb and is now around $4.50
Chucken was $4 a lb and is now $2

The price of consumer appliances has dropped now that supply chain issues have resolved

milk is a little cheaper here in new england, at least at costco

 

[elektra]

I am going by what I pay at the Supermarket vs what I paid a year ago

still, much more than they should be

 

[rightwinger]

Alright, motherfucker, what's a good price for chicken breasts, pork tenderloin, and chuck steak?

I pay about $2.50 for chicken breasts (chicken wings are freaking expensive)
Pork Tenderloin about $3.25
Chuck steak about $4.25