WSJ: Inflation almost back down to Fed’s2% target

[Cellblock2429]

Which is why prices will come back down. Just like lumber people overreact to potential disruptions.

Experts say chicken, egg prices could trend down in 2023

Right now, you’re paying about 50% more for meat and eggs, but there is some good news as experts say some of these prices will be coming down.

www.wbrc.com

/----/ "Which is why prices will come back down."
Which is also known as DEFLATION, something you said earlier in post #19, was not something we wanted.
citygator said:
You don’t want deflation.

 

[Cellblock2429]

 

[Markle]

Murdoch’s Wall Street Journal points out what I’ve been telling you guys, inflation is over. For the last 5 months we’ve averaged 2.5%. It was transitory from supply restrictions and has now mostly righted itself. Still some risk from Ukraine war and turmoil in Iran on the energy front but the rest is settling down.

Opinion | What if Inflation Suddenly Dropped and No One Noticed?

The high year-over-year rate masks progress in the past five months. But we’re not out of the woods.

www.wsj.com

Maybe we should start the new year with some good news: Inflation has fallen dramatically.

No, that’s not a prediction; it’s a fact. With one month remaining in 2022 (in terms of available data), inflation in the second half of the year has run vastly lower than in the first half. In fact—and this is astonishing—it’s almost back down to the Federal Reserve’s 2% target. Even more astonishing, hardly anyone seems to have noticed.

Over the past five months (June to November 2022), inflation has slowed to a crawl. Whether measured by the consumer-price index, or CPI, which most people watch, or the price index for personal consumption expenditures, or PCE, which the Federal Reserve prefers, the annualized inflation rate has been around 2.5% over these five months.

As mentioned, the CPI inflation rate over the past 12 months has been an alarming 7.1%. But the U.S. economy got there by averaging an appalling 10.6% annualized inflation rate over the first seven months and a mere 2.5% over the last five. The PCE price index tells a similar story, though a somewhat less dramatic one. The 5.5% inflation rate over the past 12 months came from a 7.8% rate over the first seven months followed by a 2.4% rate over the last five.

Do you actually believe someone is going to be swayed by your desperate malarkey?

Your lack of compassion for those being crushed by those gas and food prices fluctuates so much don't you know, we really shouldn't include them in calculations.

BUT, if we were fair, and used the same criteria as we did in the past...

Citygator, why do you think folks in the lower income brackets and seniors living on a fixed income don't notice that the things they use most are crushing them? Heartless son of a gun, aren't you?

 

[citygator]

/----/ "Which is why prices will come back down."
Which is also known as DEFLATION, something you said earlier in post #19, was not something we wanted.
citygator said:
You don’t want deflation.

Broad Deflation not price moves. Prices and outliers will always move. Broad deflation is generally not good. But TV and tech prices always come down. It’s natural. Again we are talking broad deflation.

 

[citygator]

Do you actually believe someone is going to be swayed by your desperate malarkey?

Your lack of compassion for those being crushed by those gas and food prices fluctuates so much don't you know, we really shouldn't include them in calculations.

BUT, if we were fair, and used the same criteria as we did in the past...

Citygator, why do you think folks in the lower income brackets and seniors living on a fixed income don't notice that the things they use most are crushing them? Heartless son of a gun, aren't you?

I’m not sure where you are getting high inflation is good from me. I’m telling you if you look a deflationary time periods they are economic disasters. Look up the meaning of soft landing which is what we need.

 

[Markle]

I don’t think you understand the article. I’m not surprised.

That's because the article was a word salad. Perhaps Vice President Harris would comprehend it perfectly.

 

[citygator]

That's because the article was a word salad. Perhaps Vice President Harris would comprehend it perfectly.

Zzzzzzzzz

 

[Cellblock2429]

Broad Deflation not price moves. Prices and outliers will always move. Broad deflation is generally not good. But TV and tech prices always come down. It’s natural. Again we are talking broad deflation.

/——/ “Broad Deflation not price moves.”
OK —— BWHAHAHAHA BWHAHAHAHA

 

[gipper]

Murdoch’s Wall Street Journal points out what I’ve been telling you guys, inflation is over. For the last 5 months we’ve averaged 2.5%. It was transitory from supply restrictions and has now mostly righted itself. Still some risk from Ukraine war and turmoil in Iran on the energy front but the rest is settling down.

Opinion | What if Inflation Suddenly Dropped and No One Noticed?

The high year-over-year rate masks progress in the past five months. But we’re not out of the woods.

www.wsj.com

Maybe we should start the new year with some good news: Inflation has fallen dramatically.

No, that’s not a prediction; it’s a fact. With one month remaining in 2022 (in terms of available data), inflation in the second half of the year has run vastly lower than in the first half. In fact—and this is astonishing—it’s almost back down to the Federal Reserve’s 2% target. Even more astonishing, hardly anyone seems to have noticed.

Over the past five months (June to November 2022), inflation has slowed to a crawl. Whether measured by the consumer-price index, or CPI, which most people watch, or the price index for personal consumption expenditures, or PCE, which the Federal Reserve prefers, the annualized inflation rate has been around 2.5% over these five months.

As mentioned, the CPI inflation rate over the past 12 months has been an alarming 7.1%. But the U.S. economy got there by averaging an appalling 10.6% annualized inflation rate over the first seven months and a mere 2.5% over the last five. The PCE price index tells a similar story, though a somewhat less dramatic one. The 5.5% inflation rate over the past 12 months came from a 7.8% rate over the first seven months followed by a 2.4% rate over the last five.

The French have much bigger balls than Americans.

 

[citygator]

The French have much bigger balls than Americans.

French protest days that end in “y”. However their workers have negotiated much more favorable terms of employment.