Soaring vs Transitory

[Independent thinker]

Today the latest inflation figures came out and inflation came in at 4.2%. The linked article states that prices "surged" or "continued to soar" in May. Couldn't help but think back to Biden's inflation rate clocking in at over 9% but, back then, inflation wasn't "surging" or "continuing to soar", it was "transitory". How different things are worded between Biden and Trump.

Annual CPI inflation surges to 4.2% in May, the highest level since 2023, as energy prices rise

US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation higher more than three months into a war with Iran.

www.yahoo.com

 

[Meister]

Today the latest inflation figures came out and inflation came in at 4.2%. The linked article states that prices "surged" or "continued to soar" in May. Couldn't help but think back to Biden's inflation rate clocking in at over 9% but, back then, inflation wasn't "surging" or "continuing to soar", it was "transitory". How different things are worded between Biden and Trump.

Annual CPI inflation surges to 4.2% in May, the highest level since 2023, as energy prices rise

US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation higher more than three months into a war with Iran.

www.yahoo.com

Once the Iran conflict has ceased, let's see what direction inflation will go.
If it starts edging down, then it was actually transitory, not like the Biden debacle.

 

[Mac1958]

The question with inflation is whether it's sticky enough to feed on itself. In other words, if it lasts long enough to build a momentum and domino effect that forces up prices across the board, and that translates to higher peripheral costs, that's the issue. It did in 2021/2022 because global supply chains were wrecked, and the entire world felt it.

If the Hormuz mess gets resolved soon, the inflation may not be sticky. And as usual with global macroeconomics, no one knows, and anyone who claims to know is either full of crap or selling something.

 

[JGalt]

Today the latest inflation figures came out and inflation came in at 4.2%. The linked article states that prices "surged" or "continued to soar" in May. Couldn't help but think back to Biden's inflation rate clocking in at over 9% but, back then, inflation wasn't "surging" or "continuing to soar", it was "transitory". How different things are worded between Biden and Trump.

Annual CPI inflation surges to 4.2% in May, the highest level since 2023, as energy prices rise

US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation higher more than three months into a war with Iran.

www.yahoo.com

There's no longer such thing as equitable and responsible journalism. The left-wing media's sole purpose has become a propaganda tool to formulate sympathetic opinions by dropping little subliminal trigger words like those. Once you realize this, you see how pervasive it is.

 

[Zincwarrior]

Once the Iran conflict has ceased, let's see what direction inflation will go.
If it starts edging down, then it was actually transitory, not like the Biden debacle.

If it was soaring in 2021 and 2022 its soaring now.

 

[Conservative from Georgia]

Today the latest inflation figures came out and inflation came in at 4.2%. The linked article states that prices "surged" or "continued to soar" in May. Couldn't help but think back to Biden's inflation rate clocking in at over 9% but, back then, inflation wasn't "surging" or "continuing to soar", it was "transitory". How different things are worded between Biden and Trump.

Annual CPI inflation surges to 4.2% in May, the highest level since 2023, as energy prices rise

US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation higher more than three months into a war with Iran.

www.yahoo.com

Just don’t mention there was a worldwide pandemic and a war in Russia that Biden didn’t start. Contributing to inflation. Trump has no pandemic and a war he started on his own.

Also dependent thinker, whose mind is dependent on whatever Trump likes, is lying about the media calling it transitory and not soaring or surging. You can easily find articles on Google referring to it that way.

These people think they can gaslight, but there’s Google. So gaslighting is impossible.

 

[Independent thinker]

View attachment 1267663

If it was soaring in 2021 and 2022 its soaring now.

Was it soaring in 2021 and 2022? What was the inflation rate back then? Was it "transitory" back then? If so, then it's probably transitory now, don't you think?

 

[Meister]

View attachment 1267663

If it was soaring in 2021 and 2022 its soaring now.

4.2% is not soaring, especially with the strait being locked down.

transitory​

adjective​

tran·si·to·ry ˈtran(t)-sə-ˌtȯr-ē ˈtran-zə-

Synonyms of transitory


Simple DefinitionA Simple Definition is available from our Learner's Dictionary to help you understand the meaning faster.
1
: of brief duration : temporary
the transitory nature of earthly joy

 

[Zincwarrior]

Was it soaring in 2021 and 2022?

You tell me.

 

[Zincwarrior]

4.2% is not soaring, especially with the strait being locked down.

transitory​

adjective​

tran·si·to·ry ˈtran(t)-sə-ˌtȯr-ē ˈtran-zə-

Synonyms of transitory


Simple DefinitionA Simple Definition is available from our Learner's Dictionary to help you understand the meaning faster.
1
: of brief duration : temporary
the transitory nature of earthly joy

Same arc.

 

[Independent thinker]

Just don’t mention there was a worldwide pandemic and a war in Russia that Biden didn’t start. Contributing to inflation. Trump has no pandemic and a war he started on his own.

Also dependent thinker, whose mind is dependent on whatever Trump likes, is lying about the media calling it transitory and not soaring or surging. You can easily find articles on Google referring to it that way.

These people think they can gaslight, but there’s Google. So gaslighting is impossible.

You mean the pandemic where the Trump vaccine saved us all? Do you mean the war where Russia invaded Ukraine and we heavily sanctioned Russian energy, driving energy prices through the roof?

 

[Meister]

View attachment 1267666

Same arc.

Same arc?
I thought we were talking about duration.
Transitory, key on transitory.

 

[Independent thinker]

You tell me.

You're the one who posted the graph. You tell us. But, if I remember my math correctly, 9% is soaring compared to 4%.

 

[Mac1958]

If it was soaring in 2021 and 2022 its soaring now.

We're sitting at a pretty crazy moment right now. If this continues on this vector, we're looking at 70's-style stagflation. Especially if the AI buildout, which has been holding up GDP and the market for a year, collapses.

But if it turns around quickly enough, we could head straight back up, big time.

 

[postman]

Once the Iran conflict has ceased, let's see what direction inflation will go.
If it starts edging down, then it was actually transitory, not like the Biden debacle.

Biden involved the entire GLOBAL supply chain of nearly every product.
This is only the supply chain of crude oil, natural gas and fertilizer.

 

[postman]

You're the one who posted the graph. You tell us. But, if I remember my math correctly, 9% is soaring compared to 4%.

We also had at that time GDP growth of 7%

United States GDP Growth Rate

The Gross Domestic Product (GDP) in the United States expanded 1.60 percent in the first quarter of 2026 over the previous quarter. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and...

tradingeconomics.com

 

[Independent thinker]

Biden involved the entire GLOBAL supply chain of nearly every product.
This is only the supply chain of crude oil, natural gas and fertilizer.

And for icing on the cake, many democrats raised wages to add on to the higher prices, not to mention a stimulus package which massively increased out national debt, throwing even more gasoline on the fire.

 

[task0778]

View attachment 1267666

Same arc.

Not quite the same until current CPI approaches 9%. For most people, that food and energy spike has a greater impact that the All items thing. Interesting to see what June and the rest of the summer months look like. My guess is, the index will drop back down around 3% if/when the Iran War is over. Although I will say that Trump's tariffs ain't helping tame inflation any.

 

[Meister]

Biden involved the entire GLOBAL supply chain of nearly every product.
This is only the supply chain of crude oil, natural gas and fertilizer.

It's called the ripple effect. Higher energy and fertilizer prices create hight prices
at the gas pumps and crops, which create higher prices for transportation of products
at the consumer level.

 

[Moonglow]

Today the latest inflation figures came out and inflation came in at 4.2%. The linked article states that prices "surged" or "continued to soar" in May. Couldn't help but think back to Biden's inflation rate clocking in at over 9% but, back then, inflation wasn't "surging" or "continuing to soar", it was "transitory". How different things are worded between Biden and Trump.

Annual CPI inflation surges to 4.2% in May, the highest level since 2023, as energy prices rise

US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation higher more than three months into a war with Iran.

www.yahoo.com

Are you going to live in the past or in the present?
The pandemic was the reason for inflation during Biden. What is Trump's excuse?