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Inflation Rate Drops in May

Discussion in 'Too Hot for Swamp Gas' started by mdgator05, Jun 12, 2024.

  1. mdgator05

    mdgator05 Premium Member

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    New CPI released this morning. Inflation drops to 3.3% annually due to an individual month of no overall change in prices. Energy prices decreased by 2% just in May. 0.1% increase in May for food. No change for commodities other than food and energy. Services increased by 0.2% overall.

    Markets up across the board in response.

    Consumer Price Index Summary - 2024 M05 Results
     
    Last edited: Jun 12, 2024
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  2. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    Soros is cooking the books again!
     
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  3. citygator

    citygator VIP Member

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    Good news!

    [​IMG]
     
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  4. gatorios24

    gatorios24 All American

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    Yay!!!!!! Now if the government can stop printing money and screwing up people's lives, we have a chance to recover
     
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  5. citygator

    citygator VIP Member

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    Fed rate announcement today at 2PM. I expect a cut in the rate as well as a UF football national championship this year so you can baseline my objectivity.
     
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  6. NavyGator93

    NavyGator93 GC Hall of Fame

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    It's interesting, I hadn't really noticed the increase in food prices until my youngest was home for summer. Boy can eat.
    Edit: I did notice higher beer prices, luckily I drink a lot less beer than I used to.
     
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  7. AndyGator

    AndyGator VIP Member

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    Have you seen a shrink about that? :cool:
     
    Last edited: Jun 12, 2024
  8. gatorjnyc

    gatorjnyc VIP Member

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    First of all, any positive news is fake news. That summary can't be trusted, nor can the stock market being up +300 points this morning.

    Now that we've gotten that out of the way, Hunter Biden!

    So, yeah.
     
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  9. ATLGATORFAN

    ATLGATORFAN Premium Member

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    i had a weekly ‘cheat meal’ Monday and elected for a whopper with cheese, fries and coke. $12. North Atlanta.
     
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  10. cocodrilo

    cocodrilo GC Hall of Fame

    Apr 8, 2007
    Exactly. This is just more persecution of Trump and election interference. When will it end? In November, I guess. Unless the election is stolen again!
     
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  11. NavyGator93

    NavyGator93 GC Hall of Fame

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    No sir. As I've gotten older, alcohol has started impacting the quality of my sleep more. I work out a lot, sleep is very important for my recovery and performance.
    Still drink beer, wine and whiskey but not nearly like I used to.
     
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  12. ATLGATORFAN

    ATLGATORFAN Premium Member

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    appreciate the humor
     
  13. sierragator

    sierragator GC Hall of Fame

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    Still waiting for my check from Soros.
     
  14. duggers_dad

    duggers_dad GC Hall of Fame

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    This is supremely good news. I’ll inform management the next time my wife and I go out to lunch.
     
  15. citygator

    citygator VIP Member

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  16. ETGator1

    ETGator1 GC Hall of Fame

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    3 up & 1 down in the rate of inflation isn't inflation going down, just a cut on the increase. Rate cuts? LOL.
     
  17. citygator

    citygator VIP Member

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  18. mdgator05

    mdgator05 Premium Member

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    Thank you for again demonstrating that you don't understand what inflation is.
     
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  19. ETGator1

    ETGator1 GC Hall of Fame

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    LOL, I'm dumb. Carry on with your wrarped fantasy.
     
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  20. ETGator1

    ETGator1 GC Hall of Fame

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