These Keynesian "economists" truly cannot grasp the basics of economics.

Quote:

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Consumer prices rose 3.5% from a year ago in March, more than expected

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Quote:

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The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the Federal Reserve on hold with interest rates.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.

Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%.

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Our politicians have no desire to fix this. At this point, they are merely raiding the treasury to get as much money to themselves and their cronies as possible before it all comes crashing down.

Meanwhile, the propaganda machine will continue to tell us this is "ThE bEsT eCoNoMy EvEr!"

https://www.cnbc.com/2024/04/10/cpi-inflation-march-2024-consumer-prices-rose-3point5percent-from-a-year-ago-in-march.html

3.5 my ass

3.5%***


***Not including most things you actually spend money on that have gone up significantly more than that. Please flag any items you see above that mark and notify us so we can drop them from our calculations

And there goes the markets

LMCane said:

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DrEvazanPhD said:

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3.5 my ass

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it would be cool if someone could go back over the last 3 years and total up ALL the increases in inflation.

meaning that 3.5% is the increase in inflation from LAST YEAR, but what was the increase of inflation from April 2022-2023

then add them together, and then the year before that and add it all up.

I would imagine we are close to 14% increase in all prices over THREE YEARS.

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WAAAAAAAAAAAAAAYYYYYYYY higher than 14% over three years...

Where's Krugman to explain to us what's really happening?

LMCane said:

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DrEvazanPhD said:

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3.5 my ass

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it would be cool if someone could go back over the last 3 years and total up ALL the increases in inflation.

meaning that 3.5% is the increase in inflation from LAST YEAR, but what was the increase of inflation from April 2022-2023

then add them together, and then the year before that and add it all up.

I would imagine we are close to 14% increase in all prices over THREE YEARS.

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14% is likely very generous...

CDUB98 said:

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These Keynesian "economists" truly cannot grasp the basics of economics.

Quote:

---

Consumer prices rose 3.5% from a year ago in March, more than expected

---

Quote:

---

The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the Federal Reserve on hold with interest rates.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.

Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%.

---

Our politicians have no desire to fix this. At this point, they are merely raiding the treasury to get as much money to themselves and their cronies as possible before it all comes crashing down.

Meanwhile, the propaganda machine will continue to tell us this is "ThE bEsT eCoNoMy EvEr!"

https://www.cnbc.com/2024/04/10/cpi-inflation-march-2024-consumer-prices-rose-3point5percent-from-a-year-ago-in-march.html

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Our politicians created this in 1913.

So it was 3.2 last month and 3.5 this month. LMAO!!! Take out food and energy and its 3.8%.

Seems we are going in the wrong direction. Powell should have raised rates already.

And there are posters on this thread/site pulling for Xiden's re-election.

Build Back Worse.....


Much Worse!


- Dementia Joe

nortex97 said:

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And there are posters on this thread/site pulling for Xiden's re-election.

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The majority on the left only care about social issues now.

The policies this administration continues to push just constantly adds to inflationary pressures. This type of terrible economic news just makes re-election for Joe look worse and worse, particularly after this administration continues to chirp about how wonderful this economy is.

And really bad news for the elderly on fixed incomes....

Let me add one more glaring item: Eldercare.

Home health care for the elderly soared +14.2% in the past year --> The largest increase EVER

— Heather Long (@byHeatherLong) April 10, 2024

LMCane said:

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DrEvazanPhD said:

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3.5 my ass

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it would be cool if someone could go back over the last 3 years and total up ALL the increases in inflation.

meaning that 3.5% is the increase in inflation from LAST YEAR, but what was the increase of inflation from April 2022-2023

then add them together, and then the year before that and add it all up.

I would imagine we are close to 14% increase in all prices over THREE YEARS.

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It's much closer to 35%. I work with manufacturers day in and day out and can tell you that it definitely depends on the industry (automotive, grocery, sports, electronics), but the 3 year sum is probably between 30%-35% on average.

Logos Stick said:

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nortex97 said:

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And there are posters on this thread/site pulling for Xiden's re-election.

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The majority on the left only care about social issues now.

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Almost... the majority on the left are emotional puppets. Facts and logic play no role in their decision making or voting habits.

There have been 50% at least price increases over the last couple years on many grocery items.

Back of the napkin real inflation from bills and things I pay feels more like 25-30%

In my industry, overall cost is up close to 75% from early 2021.

The constant claim that they have the solutions even as they exacerbate the problem is how they obtain and maintain power and feed their own egos.

Everything is focused on spending money to buy votes from key naive or beholden demographic groups.

Well that's weird we would see an uptick in inflation even after a decent period of disinflation. It's not like money supply is expanding again or anything even in the face of high inflation. Surely the government wouldn't make that mistake...Oh, wait. Yep, there it is, expanding the money supply again.

Logos Stick said:

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So it was 3.2 last month and 3.5 this month. LMAO!!! Take out food and energy and its 3.8%.

Seems we are going in the wrong direction. Powell should have raised rates already.

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One problem is that the government can adjust the "basket of goods" used to calculate inflation in order to arrive at a more acceptable inflation rate.

Food being at 18%, even as of last March, in Biden's term is complete horse ***** There is a lot of funny math and refusing to compare apples to apples to get to that number.

Quote:

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Powell should have raised rates already.

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Powell is bent over and getting it from both the laws of economics and the politicians.

The politicians want him to lower rates going into an election cycle to make them look good and also to lessen the burden on banks and the Treasury debt. BUT, then inflation takes off even more.

The laws of economics are telling Powell he must raise rates to stomp on inflation. But, he does that, banks and the Treasury debt are going to bury the US Economy.

We are so ****ed thanks to all these politicians who only care about buying votes and retaining power.

bobbranco said:

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From last March 2023

https://rollcall.com/2023/03/15/introducing-the-presidential-inflation-rate-biden-trails-only-carter/

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Energy under Biden and Obama. Sheesh. Direct result of their sacrifices to the climate change grift/religion.

Birdwatcher said:

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Time to reign in corporate greed again FTC just released a report about grocery price fixing . Big surprise but the big 7 food manufacturers and the big 4 grocery chains had record profits this quarter. Until corporations get the screws put in them, inflation will never slow down

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Record profit $'s or record profit margins?