4+% inflation is not ok

9,977 Views | 116 Replies | Last: 1 yr ago by hph6203
Logos Stick
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8:18p, 8/27/23
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
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Gordon Bombay
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8:21p, 8/27/23
AG
It's Trump's fault - all leftists
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flashplayer
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8:21p, 8/27/23
AG
Its ok, we will just start giving everyone 5% raises cause economics.

Glad I could help with your concern.
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samurai_science
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8:21p, 8/27/23
Housing was also removed?
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YouBet
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8:22p, 8/27/23
AG
Every time I turn around I'm taking a 13-15% price increase on something. The 13% figure seems to be the agreed upon number for a lot of services.
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Daddy
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8:23p, 8/27/23
AG
It's okay when you're actually having 20% inflation
2024
The Orangeman Returns with Thunder
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B-1 83
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In reply to Logos Stick • 8:24p, 8/27/23
AG
Quote:
Food and energy isn't included in that.
I'll never understand that. If there are two day to day "commodities" that are pounding everyday Americans, here they are. It sure seems food prices are rising faster than their "4%", and energy prices snowball into everything.
Being in TexAgs jail changes a man……..no, not really
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richardag
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In reply to Logos Stick • 8:26p, 8/27/23
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
I am not a Macro economist but seems excessive federal spending above and beyond tax revenues may be the issue or at minimum a contributing issue to inflation. Raising interest rates wouldn't seem to solve over spending.

Then again I am not an expert.

edit spelling
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
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itsyourboypookie
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In reply to Logos Stick • 8:27p, 8/27/23
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.


Invest in cash flowing real estate. Rise with inflation
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MookieBlaylock
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8:31p, 8/27/23
AG
Food and gas aren't included bc comrade will be provided food based upon your social credit. You will not need gas
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Ag87H2O
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In reply to flashplayer • 8:32p, 8/27/23
AG
flashplayer said:
Its ok, we will just start giving everyone 5% raises cause economics.

Glad I could help with your concern.
I guess businesses can just sell three more teas now to cover the cost. Yeah, that should do it.
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rocky the dog
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8:35p, 8/27/23
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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TAMU1990
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In reply to Logos Stick • 8:42p, 8/27/23
AG
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
That's a BS number. If you pay attention at the grocery store you can notice products have doubled in many instances. Some will say it only went from $1 to $2 - but it all adds up. A 20 count case of Coke went up from $7 to $12. A lot of things under $5 went up 50% or more. That ain't 4.2%.
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jefe95
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8:42p, 8/27/23
AG
This is transitory.

Your leaders passed a bill last summer….a full year ago now….called the inflation reduction act.

You may think inflation is 4% because that's what your lying eyes are telling you. But it's not. It's been fixed.
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Logos Stick
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In reply to jefe95 • 8:45p, 8/27/23
Inflation Reduction Act...


LMAO.

Only idiot liberals would label a huge SPENDING bill an inflation reducer.
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Stat Monitor Repairman
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8:48p, 8/27/23
Printing $11 Trillion over a virus with a 0.3% IFR will do that to ya.
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MemphisAg1
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In reply to Logos Stick • 9:03p, 8/27/23
AG
Logos Stick said:
Inflation Reduction Act...


LMAO.

Only idiot liberals would label a huge SPENDING bill an inflation reducer.
Inflation Reduction Creation Act
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Fightin_Aggie
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In reply to Logos Stick • 9:06p, 8/27/23
AG
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
Politicians love inflation.

They want to spend but can't pass new taxes answer - Print Money
Printed money increases cost, people ask for raises want more money
Incomes increase, income taxes increase - Politicians spend more money

Until we kick out the corrupt politicians nothing changes.
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
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Shoefly!
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In reply to Fightin_Aggie • 9:13p, 8/27/23
AG
Fightin_Aggie said:
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
Politicians love inflation.

They want to spend but can't pass new taxes answer - Print Money
Printed money increases cost, people ask for raises want more money
Incomes increase, income taxes increase - Politicians spend more money

Until we kick out the corrupt politicians nothing changes.

The UniParty!
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YouBet
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In reply to jefe95 • 9:30p, 8/27/23
AG
jefe95 said:
This is transitory.

Your leaders passed a bill last summer….a full year ago now….called the inflation reduction act.

You may think inflation is 4% because that's what your lying eyes are telling you. But it's not. It's been fixed.


Just like the Affordable Care Act.

Up is down and down is up in Democrat world.
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BigRobSA
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In reply to YouBet • 9:52p, 8/27/23
YouBet said:
Every time I turn around I'm taking a 13-15% price increase on something. The 13% figure seems to be the agreed upon number for a lot of services.


Yep, this 4.2 number is BS. Some things I buy all of the time are almost twice what they were a couple years ago.
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ChemAg15
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In reply to B-1 83 • 9:56p, 8/27/23
AG
B-1 83 said:
Quote:
Food and energy isn't included in that.
I'll never understand that. If there are two day to day "commodities" that are pounding everyday Americans, here they are. It sure seems food prices are rising faster than their "4%", and energy prices snowball into everything.


They strip out food and gas because those prices are more volatile than others month to month. On a monthly basis it's easier to tell what direction and how fast inflation is going if you pull out food and fuel. Still sucks for the consumer who has to listen to core inflation statistics like they should be excited about 4% inflation not counting food and gas.
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eric76
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In reply to Gordon Bombay • 10:05p, 8/27/23
AG
Gordon Bombay said:
It's Trump's fault - all leftists
It's the fault of Republicans and Democrats.

The only party who really does want to control inflation and spending is the Libertarian Party.
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heavens11
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10:15p, 8/27/23
AG
I was shocked at the prices for groceries this week. I know prices have been increasing significantly but man food prices have absolutely skyrocketed
"It's just another corps trip boys, we'll march in behind the band"
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hph6203
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In reply to ChemAg15 • 10:21p, 8/27/23
AG
Core has been higher than overall for the last serval months.
.
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Ol_Ag_02
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In reply to heavens11 • 10:21p, 8/27/23
AG
heavens11 said:
I was shocked at the prices for groceries this week. I know prices have been increasing significantly but man food prices have absolutely skyrocketed


$4.99 / lb chicken breast
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Signel
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10:29p, 8/27/23
AG
This is all by design. If you can't pay it back, make the debt worthless. Crush your creditors, and profit.

Sadly, the average person suffers, but the rich won't have any issues.
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Ag CPA
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10:34p, 8/27/23
AG
Where is 4.2 coming from OP?
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hph6203
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In reply to Ag CPA • 10:38p, 8/27/23
AG
PCE report. It was 4.1% last month, and the monthly inflation figure last year for July was -.1%. A 4.2% inflation rate on the PCE for July 2023 implies that they expect that prices did not rise in July 2023.

In order for the annualized rate to fall the month of the preceding year had to have a higher inflation rate than the current year. July had low inflation in 2022, August likewise had low inflation in 2022, no one should expect the annualized rate to fall until the September (released in October) and October (released in November) reports.


If the current trend of lower month over month inflation continues the annualized rate should fall into the 3's before the end of the year and should reach a level of normalcy by the beginning of next year.
.
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deddog
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In reply to Logos Stick • 10:44p, 8/27/23
AG
Logos Stick said:
The rate is being reported this week. They are expecting the inflation rate to rise to 4.2%.

They are also saying Powell is most likely done with rate increases. So it seems they are content with where it's at.

This is bull***** You have to get a 4% raise just to stay even. We're all getting poorer!

Food and energy isn't included in that.
But other than that, how was the play Mrs.Lincoln?
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hph6203
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In reply to deddog • 10:47p, 8/27/23
AG
Food and energy is included in the figure. It is only removed on the "core" rate. The 4.2% expectation is inclusive of food and energy.

https://www.bea.gov/resources/learning-center/quick-guide-some-popular-bea-price-indexes
.
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one safe place
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In reply to B-1 83 • 10:51p, 8/27/23
B-1 83 said:
Quote:
Food and energy isn't included in that.
I'll never understand that. If there are two day to day "commodities" that are pounding everyday Americans, here they are. It sure seems food prices are rising faster than their "4%", and energy prices snowball into everything.
I have to agree with you. My wife does most of our grocery shopping, but I also do some, mostly things only I eat, stuff trying to help with my cholesterol (and some stuff that hurts it). But it is basically the same stuff each time I go. I usually go on Sunday evening or Sunday night. I have noticed a huge increase in what I spend on my shopping.
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AggieMD95
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In reply to eric76 • 11:21p, 8/27/23
AG
eric76 said:
Gordon Bombay said:
It's Trump's fault - all leftists
It's the fault of Republicans and Democrats.

The only party who really does want to control inflation and spending is the Libertarian Party.


This is a canard
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mjschiller
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12:40a, 8/28/23
AG
Inflation rate -16+%
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Lake08
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In reply to heavens11 • 12:56a, 8/28/23
heavens11 said:
I was shocked at the prices for groceries this week. I know prices have been increasing significantly but man food prices have absolutely skyrocketed


Your just NOW noticing food prices?? Wow
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