Old McDonald said:

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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

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Congrats on the recession I guess

Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

Fenrir said:

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Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

---

There is evidence inflation is moderating in these sectors (outside of fuel and used cars):

Fruits & Vegetables - down 0.6% MoM
Dairy products - down 0.3% MoM
Cereal & bakery items - flat MoM
Medical care/physician costs - up 0.1% MoM
Nonalcoholic beverages - up 0.1% MoM

Rent, electricity and meat are still rising too rapidly.

I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

Other than commodities, I doubt anyone expects prices to come back down to pre-2020 numbers. That would require significant deflation and the tight workforce is going to continue to be an obstacle.

But we badly need inflation to continue moderating for the sake of the market and economy. And to give the Fed reason to back off.

BoydCrowder13 said:

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Fenrir said:

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Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

---

There is evidence inflation is moderating in these sectors (outside of fuel and used cars):

Fruits & Vegetables - down 0.6% MoM
Dairy products - down 0.3% MoM
Cereal & bakery items - flat MoM
Medical care/physician costs - up 0.1% MoM
Nonalcoholic beverages - up 0.1% MoM

Rent, electricity and meat are still rising too rapidly.

I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

Other than commodities, I doubt anyone expects prices to come back down to pre-2020 numbers. That would require significant deflation and the tight workforce is going to continue to be an obstacle.

But we badly need inflation to continue moderating for the sake of the market and economy. And to give the Fed reason to back off.

---

I'm not rooting for inflation, that's a stupid notion. I think it's patently stupid to say it's good news when increases are happening in sectors that people really can't avoid. The trend upwards is in areas that people have a harder time avoiding or substituting. That's been the case the past 2 months of "good news". Harder to avoid or substitute electrical costs and rent compared to used vehicles.

Smudge said:

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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...

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yes, it is.

big sticker shock for 2023 for everyone

Fenrir said:

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BoydCrowder13 said:

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Fenrir said:

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Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

---

There is evidence inflation is moderating in these sectors (outside of fuel and used cars):

Fruits & Vegetables - down 0.6% MoM
Dairy products - down 0.3% MoM
Cereal & bakery items - flat MoM
Medical care/physician costs - up 0.1% MoM
Nonalcoholic beverages - up 0.1% MoM

Rent, electricity and meat are still rising too rapidly.

I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

Other than commodities, I doubt anyone expects prices to come back down to pre-2020 numbers. That would require significant deflation and the tight workforce is going to continue to be an obstacle.

But we badly need inflation to continue moderating for the sake of the market and economy. And to give the Fed reason to back off.

---

I'm not rooting for inflation, that's a stupid notion. I think it's patently stupid to say it's good news when increases are happening in sectors that people really can't avoid. The trend upwards is in areas that people have a harder time avoiding or substituting. That's been the case the past 2 months of "good news". Harder to avoid or substitute electrical costs and rent compared to used vehicles.

---

Agreed. But food and medical have remained mostly flat or down (other than hospitals and meat). I've noticed when I've been going to the grocery store. Sticker shock from 2019 is still there. But I haven't seen much upward movement since June and I make an effort to notice. Chicken has actually dropped quite a bit in my area.

Again this whole inflation cycle has been brutal and the government mistakes made in 2020-2022 are mostly to blame. But thankfully the rate of increase seems to be moderating. Another year of 7-9% increases would be catastrophic.

BoydCrowder13 said:

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I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

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Wait, you mean to tell me that if we compare inflation rates in past 6 months to those a year before them (when inflation went from 5 to 7.5%) things seem to be cooling off? I'll be darned. It's almost like saying if the prior year comparison number really really sucked, this year might suck less.

I'm going to guess that since Jan '22 was 50 points higher than December '21, that we'll see another decrease in Feb.

6.5% my ass. Old Joe needs to do a walk about and go buy himself a carton of eggs that have doubled in price this month.

Sims said:

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BoydCrowder13 said:

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I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

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Wait, you mean to tell me that if we compare inflation rates in past 6 months to those a year before them (when inflation went from 5 to 7.5%) things seem to be cooling off? I'll be darned. It's almost like saying if the prior year comparison number really really sucked, this year might suck less.

I'm going to guess that since Jan '22 was 50 points higher than December '21, that we'll see another decrease in Feb.

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Well yea. That's how inflation works.

Did you expect that we would ever have 5% deflation in a year? What happened in 2021 and 2022 is done. No reversing it.

The fear was that inflation would continue to spiral for another year or two with inflation compounding year after year.

Moderating inflation back down to the 2% range is the best we can likely hope for.

Yeah, sorry for my impertinent response. It was a reaction to the larger sentiment of someone is doing something right when I don't believe that to be the case at all.

In the short to mid term, I don't think we'll see 2 again unless there's a large recession or we pivot on energy policy in a big, big way.

I think the realities of the last 20 years of cheap energy, cheap labor etc. are fleeting.

If the Fed came out and set a new long term target of 3%, I wouldn't be shocked at all.

It may be that I'm in the Houston area and somewhat removed from the larger macro economy, but I'm shocked by the overall salary decrease. Maybe wage earners aren't included? I can't hire entry level or low skilled positions for anything under $16 these days, and even then they don't last long in a non air conditioned environment.

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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my* plan

*have we identified who is actually running the country?

W said:

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Smudge said:

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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...

---

yes, it is.

big sticker shock for 2023 for everyone

---

People have no idea what's about to hit them.

Fenrir said:

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BoydCrowder13 said:

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Fenrir said:

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Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

---

There is evidence inflation is moderating in these sectors (outside of fuel and used cars):

Fruits & Vegetables - down 0.6% MoM
Dairy products - down 0.3% MoM
Cereal & bakery items - flat MoM
Medical care/physician costs - up 0.1% MoM
Nonalcoholic beverages - up 0.1% MoM

Rent, electricity and meat are still rising too rapidly.

I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

Other than commodities, I doubt anyone expects prices to come back down to pre-2020 numbers. That would require significant deflation and the tight workforce is going to continue to be an obstacle.

But we badly need inflation to continue moderating for the sake of the market and economy. And to give the Fed reason to back off.

---

I'm not rooting for inflation, that's a stupid notion. I think it's patently stupid to say it's good news when increases are happening in sectors that people really can't avoid. The trend upwards is in areas that people have a harder time avoiding or substituting. That's been the case the past 2 months of "good news". Harder to avoid or substitute electrical costs and rent compared to used vehicles.

---

sure, we all root for inflation that crushes our retirement!

and none of us root for deflation that gives us a better standard of living!!

LMCane said:

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Fenrir said:

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BoydCrowder13 said:

---

Fenrir said:

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Looking at the breakdown the decrease is almost entirely fueled by recent drops in fuel pricing and used vehicle costs. Food is up, rent costs are up, medical costs are up, electric/gas services are up...I guess the "good inflation news" is that televisions were a ton cheaper in December?

---

There is evidence inflation is moderating in these sectors (outside of fuel and used cars):

Fruits & Vegetables - down 0.6% MoM
Dairy products - down 0.3% MoM
Cereal & bakery items - flat MoM
Medical care/physician costs - up 0.1% MoM
Nonalcoholic beverages - up 0.1% MoM

Rent, electricity and meat are still rising too rapidly.

I know this board is going to root for inflation to continue for political reasons but we are on a good trend since July. In the past 6 months, CPI is up 0.9%. Dec 21 - June 22 numbers were terrible. We'll see if we can maintain low MoM numbers until June 2023 but if so, YoY inflation would be back in the 2-3% range by July 2023.

Other than commodities, I doubt anyone expects prices to come back down to pre-2020 numbers. That would require significant deflation and the tight workforce is going to continue to be an obstacle.

But we badly need inflation to continue moderating for the sake of the market and economy. And to give the Fed reason to back off.

---

I'm not rooting for inflation, that's a stupid notion. I think it's patently stupid to say it's good news when increases are happening in sectors that people really can't avoid. The trend upwards is in areas that people have a harder time avoiding or substituting. That's been the case the past 2 months of "good news". Harder to avoid or substitute electrical costs and rent compared to used vehicles.

---

sure, we all root for inflation that crushes our retirement!

and none of us root for deflation that gives us a better standard of living!!

---

Point is it is okay to root for a good inflation print each month. We need to get it behind us.

I think some are afraid that if inflation drops that Biden will get credit. Like liberals that wanted to see a recession during Trump's tenure, I think some here want to see continued bad numbers to further sink Biden's presidency. Personally, I'd just like the pain to stop. I don't care if Biden is in office when it does.

Threeve%

Teslag said:

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Old McDonald said:

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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

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Congrats on the recession I guess

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there is no recession in oceania

Rapier108 said:

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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.

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And, as evidenced by this thread, 100% of the libs on texags will goaltend for the Head dunce.

Wages are decreasing a lot faster than inflation is.
But hey, who needs those facts.

The only lever the Fed has to pull is demand destruction. If wages are dropping faster than inflation, that means their lever is working. Inflation will follow wages.

For the fed to fix inflation, they cause a recession. They really don't have another mechanism.

I'm rooting for 20% inflation for the remainder of Biden's presidency. It's good for the idiots to see what they voted for and not repeat it.

Tom_Fox said:

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I'm rooting for 20% inflation for the remainder of Biden's presidency. It's good for the idiots to see what they voted for and not repeat it.

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Makes you no better. I always want this country to prosper. I'd rather not have 330M suffer to spite one man.

Not me. That is how lessons are learned.

Inflation: 6.5%
Unemployment: 3.5%
Gasoline; $3.30

Good trends........

BoydCrowder13 said:

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Tom_Fox said:

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I'm rooting for 20% inflation for the remainder of Biden's presidency. It's good for the idiots to see what they voted for and not repeat it.

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Makes you no better. I always want this country to prosper. I'd rather not have 330M suffer to spite one man.

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Not one man.
81 million dunces.

Sometimes, your only purpose in life, is to serve as a lesson to others

BoydCrowder13 said:

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Tom_Fox said:

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I'm rooting for 20% inflation for the remainder of Biden's presidency. It's good for the idiots to see what they voted for and not repeat it.

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Makes you no better. I always want this country to prosper. I'd rather not have 330M suffer to spite one man.

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The twisted logic sometimes spouted here can be amazing, can't it?