young eugene said:

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I may have found actual good news. Inflation on new cars is down (good for me since I would like a new one). Granted prices have risen to ridiculous amounts but this is a first step.

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MelvinUdall said:

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Opalka said:

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I don't know what you folks think politicians can do to bring down inflation. Is there some kind of magic law that need proposed/passed? I've read that the biggest influence right now is housing.....people are willing to pay crazy amounts for the limited housing. Should the FED raise or lower interest? There is no law that's going to fix this. If people are willing to continue to pay higher prices, continuing the demand for goods and services, nothing will change.

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How about unnecessary spending from the federal level..also, this administration put out a bill called the "Inflation Reduction Act" that had all types of spending…

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CDUB98 said:

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young eugene said:

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I may have found actual good news. Inflation on new cars is down (good for me since I would like a new one). Granted prices have risen to ridiculous amounts but this is a first step.

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Just Monday, I priced out a new F150, XLT with all the goodies I want, $70,000 MSRP, FOR AN XLT!!

That is stupid.

I decided to price out a Taco the way I wanted after that. It was $50,000. Good gawd!

Pretty sure I'm going to have to hit the used market.

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FIDO*98* said:

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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

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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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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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richardag said:

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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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I am not a macroeconomist but seems raising rates does not work when the Feds are on a printing dollars binge. I could be wrong but what we are seeing should be considered the devaluation of the dollar over the previous concept of inflation.

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LMCane said:

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CDUB98 said:

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young eugene said:

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I may have found actual good news. Inflation on new cars is down (good for me since I would like a new one). Granted prices have risen to ridiculous amounts but this is a first step.

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Just Monday, I priced out a new F150, XLT with all the goodies I want, $70,000 MSRP, FOR AN XLT!!

That is stupid.

I decided to price out a Taco the way I wanted after that. It was $50,000. Good gawd!

Pretty sure I'm going to have to hit the used market.

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that's much more than my 2023 BMW Gran Coupe in Storm Bay Metallic

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Kenneth_2003 said:

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jefe95 said:

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Need the slime in congress to draft and pass an inflation reduction act.

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Shouldn't cost more than 2 trillion in additional spending!

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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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Funky Winkerbean said:

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richardag said:

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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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I am not a macroeconomist but seems raising rates does not work when the Feds are on a printing dollars binge. I could be wrong but what we are seeing should be considered the devaluation of the dollar over the previous concept of inflation.

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This. I am leaning more and more in this direction as well. The destruction of the dollar could set off global chaos which the Democrats (communists) rely upon.

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Quote:

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The destruction of the dollar could set off global chaos which the Democrats (communists) rely upon.

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Stat Monitor Repairman said:

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Quote:

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The destruction of the dollar could set off global chaos which the Democrats (communists) rely upon.

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This is our future. They spending like theres no tomorrow because there is no tomorrow.

Collapse of the currency itself is imminent.

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Opalka said:

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I don't know what you folks think politicians can do to bring down inflation. Is there some kind of magic law that need proposed/passed? I've read that the biggest influence right now is housing.....people are willing to pay crazy amounts for the limited housing. Should the FED raise or lower interest? There is no law that's going to fix this. If people are willing to continue to pay higher prices, continuing the demand for goods and services, nothing will change.

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MemphisAg1 said:

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Sims said:

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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.

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Your post spurred a thought on disinflation:

Disinflation is a temporary slowing of the pace of price inflation according to Google.

The media uses this to suggest that inflation is improving, and if the rate of inflation slows down that might technically be an improvement of sorts, it just really doesn't pass the smell test with everyday citizens because it doesn't mean that prices are actually going down -- as in deflating -- they're just not increasing as fast as they were.

That's no comfort to folks who are still struggling with the impact of previous inflation. When you keep piling on top of it, it doesn't really matter that the extra inflation is incrementally not as big as the last dose... it's still increasing.

The media is so disingenuous with this. They try to spin it as things are getting better, even though the common man or woman is living a different experience.

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texsn95 said:

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LMCane said:

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CDUB98 said:

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young eugene said:

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I may have found actual good news. Inflation on new cars is down (good for me since I would like a new one). Granted prices have risen to ridiculous amounts but this is a first step.

---

Just Monday, I priced out a new F150, XLT with all the goodies I want, $70,000 MSRP, FOR AN XLT!!

That is stupid.

I decided to price out a Taco the way I wanted after that. It was $50,000. Good gawd!

Pretty sure I'm going to have to hit the used market.

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that's much more than my 2023 BMW Gran Coupe in Storm Bay Metallic

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Corolla inspired BMW...no thanks.

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nortex97 said:

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Some Junkie Cosmonaut said:

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Opalka said:

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I don't know what you folks think politicians can do to bring down inflation. Is there some kind of magic law that need proposed/passed? I've read that the biggest influence right now is housing.....people are willing to pay crazy amounts for the limited housing. Should the FED raise or lower interest? There is no law that's going to fix this. If people are willing to continue to pay higher prices, continuing the demand for goods and services, nothing will change.

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You really should have sat this one out, goalie.

Goodness…

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Exactly.

The answer is; less war/communism/invasion/crime. Freedom wins. Every single damn thing the gov't has done the past 3.5 years has made this worse. "Muh, what can the gov't do?"

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BboroAg said:

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CDUB98 said:

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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

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Our politicians created this in 1913.

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Sims said:

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At this point you almost have to take rate decrease off the table for 2024 - or at least not until Q4.

You'd have a Fed lowering rates in the face of historically low unemployment (I know it's a false measure) and rising inflation in violation of their mandate.

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REPORTER: Are you concerned inflation is rising again?

BIDEN: "We have dramatically reduced inflation!"

REALITY: Inflation has averaged 5.5% year-over-year under Biden — and averaged 1.9% under President Trump. pic.twitter.com/00aw1mLXc8

— RNC Research (@RNCResearch) April 10, 2024

StandUpforAmerica said:

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Don't worry... he's got it under control.

REPORTER: Are you concerned inflation is rising again?

BIDEN: "We have dramatically reduced inflation!"

REALITY: Inflation has averaged 5.5% year-over-year under Biden — and averaged 1.9% under President Trump. pic.twitter.com/00aw1mLXc8

— RNC Research (@RNCResearch) April 10, 2024

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