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0.1% inflation for March

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Apr 12, 2023.

  1. WarDamnGator

    WarDamnGator GC Hall of Fame

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  2. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    Markets like it
     
  3. l_boy

    l_boy 5500

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  4. ThePlayer

    ThePlayer VIP Member

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    That's one way to spin it for Biden.
    5.6% is the hard-cold reality.
     
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  5. defensewinschampionships

    defensewinschampionships GC Hall of Fame

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    I wonder what the numbers are when you add back in the price of food and energy.
     
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  6. dangolegators

    dangolegators GC Hall of Fame

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    When you include food and energy inflation at 5% year over year.
     
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  7. Sohogator

    Sohogator GC Hall of Fame

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  8. l_boy

    l_boy 5500

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    https://www.rent.com/research/average-rent-price-report/

    If you look at monthly rents, using this source, they peaked about Oct 2022 and have come down about 10%. I’d assume these are new rents. It would follow that CPI would lag about 6 months or so, which would mean we may start to see a stabilization or even decline in cpi housing in the coming months.
     
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  9. G8tas

    G8tas GC Hall of Fame

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    That's one way to spin it against Biden
     
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  10. G8R92

    G8R92 GC Hall of Fame

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    Down compared to February. Still up 8.4% from March 2022.
     
  11. Sohogator

    Sohogator GC Hall of Fame

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    No where did I state YOY except to not (on the other retail recession thread), that it had declined from 9% to 5% (including food and energy)
     
  12. gaterzfan

    gaterzfan GC Legend

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    It’s lower largely on decreases in energy prices …… but retail gas prices have increase 4% during the first half of April.
     
  13. okeechobee

    okeechobee GC Hall of Fame

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    Yeah, I think we would all like to see inflation cool off, but it's too early to put the champaign on ice.
     
  14. citygator

    citygator VIP Member

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    Almost as if summer travel is approaching.
     
  15. citygator

    citygator VIP Member

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    I don’t think that is correct. Inflation up 5% compared to February 2022 no impact from energy and food. Housing was up 8% over the last year though which is baked into the 5%.
     
  16. citygator

    citygator VIP Member

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  17. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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  18. VAg8r1

    VAg8r1 GC Hall of Fame

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  19. G8R92

    G8R92 GC Hall of Fame

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    It's in your chart you posted above.

    https://www.cnbc.com/2023/04/12/cpi-march-2023-.html
     
  20. VAg8r1

    VAg8r1 GC Hall of Fame

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    Retail gas prices customarily increase at this time of the year as refineries shut down on a rotating basis as refiners shift gasoline from its winter formulation to its summer formulation. The summer formulation is also more expensive than the winter formulation.
     
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