I'm guessing 6.9%. Talking points will say that the Biden plan is working because although still high, inflation is dramatically slowing. Markets explode higher.

Of course, it's all BS but that's the world we live in.

Inaccurate

Still higher than biden's current IQ.

Feds think it will be 6.5%

Something that allows team donkey to spike the football.

Lower than expected and people will complain the books were cooked

6.5% year-over-year, Wasn't the inflation rate 7% December 2021? Not good!

Inflation comes in waves. We ain't seen nothing yet.

I like that OP's 6.9% number.

In reality, it's still higher than published.

sure, we have 15% inflation over the last two years, but at least American salary gains are negative for 21 straight months!

it dropped an entire .1 from last month!!

Ag_B_10 said:

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Still higher than biden's current IQ.

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That's a pretty lower bar to clear

Quote:

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Predict todays inflation print

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Transitory

MuchosPollos said:

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I'm guessing 6.9%. Talking points will say that the Biden plan is working because although still high, inflation is dramatically slowing. Markets explode higher.

Of course, it's all BS but that's the world we live in.

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From the price increases I have seen since Jan 1 it should be 9%

republicans gained a majority in congress... so... 8.2

surprise surprise!!

Services Inflation soared to its highest level since September 1982...

Services and Food costs in December rose on a Month over month basis

With shelter in December still rising on a Month over month basis...

So inflation met expectations for the most part, cooling ever so slightly, but average weekly earnings decline for the 21st month in a row?

Inflation is barely budging, but wages continue to trend lower, so that would mean the spread between inflation and wages is widening.

Sure, inflation is coming down ever so slightly, but wages are falling at a faster pace, so while the spread is widening, the average person is losing purchasing power.

Seems nobody in the Pravda media ever points that out.

Maybe that is why personal debt, especially credit card debt is skyrocketing higher?

Everything is fine.

All the headlines say "inflation has eased" which the stupid people will think means it had a substantial drop.

CDUB98 said:

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In reality, it's still higher than published.

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EOT. It's all statistical gaslighting.

Don't worry... Biden is taking care of it.

For the sixth month in a row, yearly inflation is down.

It might be rising in economies around the world, but it's coming down here. And gas prices, food, and more are following.

That adds up to a break for families and proof that my plan is working.

— President Biden (@POTUS) January 12, 2023

6.5% YoY, -0.1% MtM

Annualized core inflation ~3% in Q4 2022, promising trend

Wish it were true - but I haven't seen any truth come from the government in so long I prefer to see what my eyes are telling me when I visit HEB.

RAB91 said:

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Don't worry... Biden is taking care of it.

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Even the baseline effect of the comparison would have reduced YOY inflation if the powers that be did nothing.

The wild thing for me to look at is that the fact that the Fed considers neutral monetary policy to be about 50 points over inflation. If inflation is still in the 6's, in theory, we still are in accommodative monetary policy range. I don't think there's a pivot anytime soon.

The solution for inflation is sitting in Texas, Wyoming and Canada. The NIMBYs think it's in Saudi and Venezuela. Either way, cheap energy gets us there. Even in their terms, the choice is carbon neutral ... we're using the oil/gas either way. I'd rather it be extracted according to US standards and by our people without being subject to geopolitical shenanigans.

-0.1 is a very good number.

RAB91 said:

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Don't worry... Biden is taking care of it.

For the sixth month in a row, yearly inflation is down.

It might be rising in economies around the world, but it's coming down here. And gas prices, food, and more are following.

That adds up to a break for families and proof that my plan is working.

— President Biden (@POTUS) January 12, 2023

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And half the country is stupid enough to believe it.

It's actually closer to 20%, but let's all pretend that its trending right. In some areas of the country, food is up 75%. Here in CO it's only up about 50%, so that's good for me, but there is nothing promising about what's going on.

Gas going back up
Insurance skyrocketing (up 300% for my businesses)
Services up (due to their rising costs of overhead)
Travel/Airfare/Lodging

Don't be fooled by the line the fed and media schlep out to you...

Bubblez said:

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-0.1 is a very good number.

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Totally. It's like getting raped by a slightly smaller *****.

Sq 17 said:

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Lower than expected and people will complain the books were cooked

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You're saying they aren't?

Job losses from just YESTERDAY

DirecTV - About 400 Upper Rank / Manager positions

Alphabet health sciences unit - 15% workforce, 250

Carta - 10% or about 200

Heartland Healthcare Services - 71

Flexport - 700

Desert Springs Hospital Med - 970 layoff notices

BlackRock - 500

Update: Bankrupt Reverse Mortgage Funding - 300 Layoffs in Feb / March

Informatica - 450

Parler's parent company - 88

ConsenSys - 100

Cart. com - 12

Blend Labs - 340

Remember the 'jobless' recoveries under Obama?

Seems like History repeating itself.

LMCane said:

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BlackRock - 500

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Sq 17 said:

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Lower than expected and people will complain the books were cooked

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two more years until desantis is president and we can finally celebrate good inflation news