This too
Chips and other snack foods did this. They were 9/10 oz and now more lije 7.5/8 oz
Oatmeal prices way up as well. Coffe creamer and bread
These are all everyday products families use
OT: Stock and Investment Thread
- Thread starter RU05
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This too
Chips and other snack foods did this. They were 9/10 oz and now more lije 7.5/8 oz
Oatmeal prices way up as well. Coffe creamer and bread
These are all everyday products families use
You just need to stop with misinformation, sport.
From your pals at CNBC:
"Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday.
The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021.
Energy prices fell 5% for the month, led by a 10.6% slide in the gasoline index. However, those declines were offset by increases elsewhere.
The food index increased 0.8% in August and shelter costs, which make up about one-third of the weighting in the CPI, jumped 0.7% and are up 6.2% from a year ago.
Medical care services also showed a big gain, rising 0.8% on the month and up 5.6% from August 2021. New vehicle prices also climbed, increasing 0.8% though used vehicles fell 0.1%.
KEY POINTS
- The consumer price index increased 0.1% in August. Excluding food and energy, the inflation gauge rose 0.6%, both higher than expected.
- Costs were driven by increases in food, shelter and medical care services, offsetting a sharp decline in gasoline prices.
- Real average hourly earnings adjusted for inflation rose 0.2% for the month. However, they remained down 2.8% from a year ago.
Nice try.
July inflation = 0.0% (MoM)
August inflation = 0.1% (MoM)
Meaning, over 2 months inflation was on average 0.05%, annualized to 0.6%. With wages up, real prices are flat to negative. So, 2 months and no inflation.
Math is simple.
Not sure why you cannot process the govt s data I cite and that's openly reported. It's a curious dynamic that continues to undermine your credibility and calls into question just about every comment you make. I accept your overall optimism/enthusiasm, but the reported stats counter your "opinion."Nice try.
July inflation = 0.0% (MoM)
August inflation = 0.1% (MoM)
Meaning, over 2 months inflation was on average 0.05%, annualized to 0.6%. With wages up, real prices are flat to negative. So, 2 months and no inflation.
Math is simple.
I am citing the exact same gov data. However, for some reason you are dwelling on BS YoY data that lags months and months instead of the metric that does a better job of showing what is happening now. Not sure why you are doing this. It's a curious dynamic that continues to undermine your credibility and calls into question just about every comment you make.
To help you. Compare the last 2 MoM points vs earlier in the year. See any differences? LOL!
Well that should help our waistlines
I buy store brand oatmeal but only use a small amount everyday so I will have to check the current price
Eggs might not be the best inflation example to cite as avian bird flu has had a significant impact on supply. Just wait until you go buy a turkey for Thanksgiving.
Our local Griggstown farm (famous for chickens and turkeys) already posted Thanksgiving prices. Little higher, but not crazy. Large bird (20 lbs) will run you close to $90.....think we normally paid around $80 in past years.
Thanks
Having accurate information is important when you are analyzing these things
Lol..there are tons of examples in the grocery store
Quaker instant oatmeal packs $3.99 in 2019...now $6.49
Shall we do beef?
Quaker instant oatmeal packs $3.99 in 2019...now $6.49
Shall we do beef?
Unfair to do in this area. We have a ground beef hoarder from Metuchen that buys it up before anyone else can! He is disrupting the supply chain.
I buy the shop rite brand tub of rolled oats and I do not think the price is up much. I figure what can the difference be between quaker oats and generic rolled oats so why pay premium
I just got back from the store and glanced at the prices I do not recall it being much lower the last few months
Its been hard to find lately and has now switched to bowl and basket.
Currently $3.99....was $3.29 a year ago and $2.69 in 2019.. so almost a 50% increase in 3 years
I must have seen the wrong price tag. I thought it was 2.79 but since I did not need it I just glanced as I walked by
I’ll take a better look tomorrow when I go to buy seafood
Just to clarify. Obviously, prices have gone up like crazy over the past 2 years and there needs to be election consequences. I'm just saying prices have stopped going up over the past 2 months (based on CPI) so the Fed needs to stop raising rates and calm down.
Yes, obviously, since the UK is not in good shape. Gasoline prices in the US are a lot nicer than they were because FJB knew to tap the SPR because the domestic oil industry has dragged their feet bringing new production online. They have more pipeline than they had pre-pandemic but they still can’t manage to boost production back to pre-pandemic levels…. all while ‘45’ has now gone full QAnon at his “rallies” because that’s how cults roll.
All of these real world experiences make the Fed look even dumber. Houses to cars to eggs to oatmeal…EVERYTHING sky-rocketed. Even services like landscapers and house-keepers. How can Powell even show his face anymore after the “transitory”’ fiasco? He’s a joke.
No. I'm not "dwelling" on the '22 vs '21 "BS" data. I'm citing a CNBC article using BLS data that simply shows an increase in inflation in August over July. Inflation increased in August. It did not decrease.
Again, it's not "my data" I cite. It's BLS data as referenced in the CNBC article.
The info I cited indicates that the CPI increased 0.1% in August.
Further, excluding food and energy costs, the CPI increased 0.6% in August.
And... while energy prices decreased 5% in August (led by a 10.6% drop in gasoline), those declines were offset by increases elsewhere.
For example, the food index increased 0.8% in August and shelter costs, which make up about one-third of the weighting in the CPI, jumped 0.7%.
Furthermore, medical care services rose 0.8% in August.
Lastly, from the article, new vehicle prices climbed 0.8% in August, although used vehicles fell 0.1%.
So, if the '22 - '21 comparison is what concerns you, then ignore it the year-to-year "BS" comparison, as you refer to it.
But the August '22 numbers show an increase in inflation over the July '22 inflation numbers. Not a decrease in inflation.
Get over it. Inflation is up. "Laugh out loud", if you find that helps you process it.
All that said, I'm hoping the Fed's actions will reverse the pattern soon and inflation will be beaten back to a 2 - 3% range by the end of '23.
don't forget, when you pay people a ridiculous minimum wage for a job that a monkey could do, it has to feed through. Energy prices lead to 'sticky' consumer prices
Are their peeps still using the excuse thatvits a global thing
Duh..thats exactly how its scripted
Duh..thats exactly how its scripted
Stuff that makes me laugh is billionaires pay 20% thanks to carried interest yet sell $600 on eBay and now you get a 1099-K. These politicians should all be in jail.
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saw this somewhere else, not sure. If so, wonder if it had anything to do with Taiwan and his saber rattling or possible purge of mil leader(s). Then again, draconian lockdowns and treatement of aged persons as I've heard from people there it's very unpopular
of note, anyone see credit suisse trading a quarter of book
Yeah. Considering the disaster Putin has been to what’s left of “his” army, the General in charge of the PLA may have seen and heard enough from Xi regarding Taiwan. This would awesome news in my opinion. Maybe Putin is next…fingers crossed.
nah, Putins' not wrong here if you look at the history of ukraine since 2014 and UN citing Ukies for crimes against humanity in 2019-20
as for xi, may or may not be good depending on who would take over. one thing is for certain, china's xi has said he will make taking taiwan his legacy so it's imperative we reduce trade, move investment to sa etc and weaken them
Lol. Putin’s not wrong? Maybe we should have just waited until the next round of Russian elections instead of helping Ukraine keep its democracy. Wow.
do some research, you look foolish and ignorant. Calling ukraine a democracy is a joke not withstanding it's human rights abuses cited by UN. I'm hoping Putin takes the gloves off and steamsrolls that cesspool of human trafficking of a country and puts an end to all of this waste. NATO has some real dirty hands here as do our leaders back to oblunder
Maybe Vicki Nuland shouldn't have produced a coup in 2014 in Ukraine
Definitely saw articles about Xi losing support over the ridiculous COVID lockdowns and refusal of western vaccines. As for Putin, I bet this entire Ukraine situation doesn't end well for him.