Inflation rising again, 3.4%

2,576 Views | 32 Replies | Last: 11 mo ago by Muktheduck
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8:25a, 1/11/24
"The consumer-price index climbed 0.3% in December from the prior month and increased 3.4% from a year earlier, the Labor Department said Thursday."



Paywall:

Inflation Picked Up to 3.4% in December

https://www.wsj.com/articles/us-inflation-consumer-price-index-december-2023-c4ac6a19



Enjoy the **** sandwich Biden is serving you. It probably won't stop Powell from lowering rates.
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Detmersdislocatedshoulder
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8:30a, 1/11/24
raise your hand if you ever thought inflation has slowed down since this putz has taken office.
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nortex97
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8:33a, 1/11/24
AG
Thanks again Democrat and 'concerned moderate' voters. Communism is working out just great, once more!
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sleepybeagle
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In reply to Detmersdislocatedshoulder • 8:38a, 1/11/24
AG
Detmersdislocatedshoulder said:
raise your hand if you ever thought inflation has slowed down since this putz has taken office.
If someone gains 100 lbs. and then slows down their weight gain, you don't say they're all of a sudden skinny.
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Owlagdad
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8:51a, 1/11/24
Paying nimrods $15 to show up and we wonder why our burgers are $10, libs? And those nimrods will never take less.
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DrEvazanPhD
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8:52a, 1/11/24
Just sell a few more teas. It'll all be good.
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Maroon Dawn
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8:58a, 1/11/24
AG
Unexpectedly
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rocky the dog
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9:02a, 1/11/24
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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TexasAggiesWin
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9:05a, 1/11/24
S
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AggieUSMC
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In reply to Detmersdislocatedshoulder • 9:07a, 1/11/24
AG
Detmersdislocatedshoulder said:
raise your hand if you ever thought inflation has slowed down since this putz has taken office.
Well, technically it has "slowed" over the last couple of years. But this is like saying someone's cancer is not spreading as fast. That is only a "less bad" thing. It's not good.
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Krombopulos Michael
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9:10a, 1/11/24
I am paying $4,000 more this year for the same health care insurance from the same company I had the last two years ($6000 in 2022, 2023). No major health issues......

When do the 2024 insurance premium inflation numbers get added to the CPI?

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deddog
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In reply to sleepybeagle • 9:15a, 1/11/24
AG
sleepybeagle said:
Detmersdislocatedshoulder said:
raise your hand if you ever thought inflation has slowed down since this putz has taken office.
If someone gains 100 lbs. and then slows down their weight gain, you don't say they're all of a sudden skinny.
You do when it comes to government spending.
And then the libs will dutifully tell you to stop fat shaming, and that being obese is good for you.
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CDUB98
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9:17a, 1/11/24
AG
Yeah, but it's transitory......for several years.
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rocky the dog
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9:19a, 1/11/24
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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Al Bula
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9:23a, 1/11/24
AG
No border, so illegals cross for the gibs.
US citizens have less purchasing power.

Tell me this is not by designs of greedy elite. The American way of life became way too independent so the push towards authoritarianism is being accelerated.

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Ags4DaWin
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9:26a, 1/11/24
Inflation is pretty much the same.

They have just gotten better at cherry picking and manipulating statistics.

And if you can't see that even if it was better we are all more ****ed than we were 3 years ago because wages still have not caught up and won't catch up to inflation for a minimum of 5 more years, especially with all the cheap labor now flooding our country then I can't help you.
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Opalka
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10:39a, 1/11/24
AG
Most of the rise is due to housing/rent, according to the CPI. (for those who like to know the actual cause, vs speculated correlations)
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Ribeye-Rare
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10:44a, 1/11/24
AG
Seeing Yellen's mug again reminded me: You boys sound ripe for them clamoring once again to tax unrealized capital gains, with the 'gains' coming for no other reason than the devalued fiat.

Sweet game Washington is running. I'll bet Vegas is jealous of the action.
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CDUB98
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10:46a, 1/11/24
AG
Quote:
And if you can't see that even if it was better we are all more ****ed than we were 3 years ago because wages still have not caught up and won't catch up to inflation for a minimum of 5 more years, especially with all the cheap labor now flooding our country then I can't help you.
Man, ain't this the truth.

I make decent money, but damn, I feel like a LOLpoor 24/7.
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Owlagdad
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In reply to Opalka • 11:12a, 1/11/24
Opalka said:
Most of the rise is due to housing/rent, according to the CPI. (for those who like to know the actual cause, vs speculated correlations)
Rent, housing goes up because labor, materials goes up.
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CDUB98
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In reply to Owlagdad • 11:13a, 1/11/24
AG
Owlagdad said:
Opalka said:
Most of the rise is due to housing/rent, according to the CPI. (for those who like to know the actual cause, vs speculated correlations)
Rent, housing goes up because labor, materials goes up.
And supply of housing goes down.
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Get Off My Lawn
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12:26p, 1/11/24
Cost of living expenses keep driving north. Prices for discretionary goods are suppressed by the reduced demand of a struggling populace.

An economy isn't uniform in the way it digests newly printed currency. Leftists are busy spinning the rosiest numbers.
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jrdaustin
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12:39p, 1/11/24
AG
As long as Biden's administration keeps finding ways to spend boatloads of cash... Buying off student loans, funding Ukraine, etc... we're not going to see inflation drop to levels that it needs in order to be sustainable.

And Lord help us if the Fed begins reducing rates before we have inflation under control.
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Who?mikejones!
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12:42p, 1/11/24
Inflation could be zero and it still sucks out here
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Bogey1996
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12:43p, 1/11/24
This awesome because I just got my first paycheck of the new year and look at that, it actually decreased because my insurance went up. Just keep falling farther behind.
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Who?mikejones!
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In reply to CDUB98 • 12:44p, 1/11/24
CDUB98 said:
Owlagdad said:
Opalka said:
Most of the rise is due to housing/rent, according to the CPI. (for those who like to know the actual cause, vs speculated correlations)
Rent, housing goes up because labor, materials goes up.
And supply of housing goes down.


Let's see. All these things costs more.

Energy
Water
Insurance
Taxes
Maintenance

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chlavinka
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In reply to Krombopulos Michael • 12:48p, 1/11/24
AG
Probably never
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ac04
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12:49p, 1/11/24
they paused rate hikes too early, no doubt due to political pressure. wave 2 should be real fun.

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LoudestWHOOP!
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In reply to TexasAggiesWin • 1:33p, 1/11/24
AG
TexasAggiesWin said:
Or
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No Spin Ag
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In reply to Owlagdad • 1:38p, 1/11/24
Owlagdad said:
Opalka said:
Most of the rise is due to housing/rent, according to the CPI. (for those who like to know the actual cause, vs speculated correlations)
Rent, housing goes up because labor, materials goes up.


Can you imagine how much more expensive those things would be if there wasn't so much cheap immigrant labor working on those industries.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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CDUB98
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In reply to No Spin Ag • 1:39p, 1/11/24
AG
Or, if it had never been allowed to happen in the first place, the economy would have naturally compensated.
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No Spin Ag
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In reply to CDUB98 • 1:42p, 1/11/24
CDUB98 said:
Or, if it had never been allowed to happen in the first place, the economy would have naturally compensated.


True, but obviously the powers that be didn't want that.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Muktheduck
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In reply to Owlagdad • 4:05p, 1/11/24
Owlagdad said:
Paying nimrods $15 to show up and we wonder why our burgers are $10, libs? And those nimrods will never take less.


It's the minimum wage fast food workers that are to blame for inflation huh?

Man that's a hell of a scapegoat
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