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US Core inflation level lowest in 3 years

Discussion in 'Too Hot for Swamp Gas' started by citygator, Sep 29, 2023.

  1. G8trGr8t

    G8trGr8t Premium Member

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    • Informative Informative x 2
  2. l_boy

    l_boy 5500

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    The stickiness of the index is kind of hard for me to get my arms around


    https://www.bls.gov/news.release/pdf/cpi.pdf

    Prices changed 0.4% from last month, a primary driver of that is shelter costs were up 0.6%, which was a little bit higher than last month increase.

    However new apartment rents are down over the past year and continue to trend downward.

    Apartment List National Rent Report

    https://res.cloudinary.com/apartmen...ebcac3b94adc6a2ecf9a5617c4f7f/cpi_2023_10.png







    Or the Zillow rent index

    US - Rent CPI vs. Zillow Rent Index | US Prices | Collection | MacroMicro


    upload_2023-10-12_13-21-59.jpeg
     

    Attached Files:

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  3. citygator

    citygator VIP Member

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  4. G8tas

    G8tas GC Hall of Fame

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    Last edited: Oct 14, 2023
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  5. g8trjax

    g8trjax GC Hall of Fame

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    LOL, at health insurance has gone down 37%?
     
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  6. ufhomerj31

    ufhomerj31 GC Legend

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    Because they keep dropping what is covered.
     
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  7. G8R92

    G8R92 GC Hall of Fame

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    Health Insurance deflating at 37.3%?? I smell cap.

    WSJ News Exclusive | Health-Insurance Costs Are Taking Biggest Jumps in Years
     
  8. G8R92

    G8R92 GC Hall of Fame

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    Only going to get worse next year as health insurance plans figure out how to absorb the costs of all these recently diagnosed diabetics.
     
  9. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    Health insurance prices drop 29.5% from last July, according to feds
     
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  10. g8trjax

    g8trjax GC Hall of Fame

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    Well my son's plan just went up 50/month and he's a college student, group plan at work up about the same....feds are lying dogs.
     
  11. citygator

    citygator VIP Member

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    From last year predicting a year of heavy decreases.

    Health-Insurance Inflation Is Poised to Drop Sharply

    Health insurance has contributed significantly to the sharp rise in core inflation, which strips out volatile food and energy prices, to 6.6% in September from 6.3% in August and 5.9% in July. Health-insurance prices rose 28.2% from a year earlier in September, the sharpest increase in the history of the index going back to 2006, as measured by the Labor Department’s consumer-price index. That added just less than 0.4 percentage point to September’s rise in core CPI.

    But that will morph into a deflationary drag with October’s CPI, to be released on Nov. 10, as the Labor Department updates the health-insurance index’s data, an effect that will last for the next 12 months.
     
  12. G8R92

    G8R92 GC Hall of Fame

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    Employers and employees will see higher insurance premiums in 2024. Bank on it. Any business owner posting here will tell you the same.
     
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  13. gatorpa

    gatorpa GC Hall of Fame

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    Actually if people lose large amounts of weight the cost of their care will drop significantly as they have lower rates of CAD/HTN(less strokes in time)/Dementia etc.
    Would you spend 25k to save 500K?
     
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  14. tampagtr

    tampagtr VIP Member

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  15. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    Gas is $2.82 at BJ's today in Jacksonville. AAA say the jacksonville average is $3.22, up two cents from a week ago. But I don't think I've seen it this low in a long while.
     
  16. l_boy

    l_boy 5500

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    Been around $2.79 here in TX.
     
  17. l_boy

    l_boy 5500

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    This is one of the problems with a for profit health care model. The investment costs are paid now, the health benefits take place years down the road, often when individual is on a different plan.
     
  18. gatorpa

    gatorpa GC Hall of Fame

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    But if they are all covering it all the insurers benefit down the road.
     
  19. l_boy

    l_boy 5500

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    Yeah but for profit insurers don’t care about all the other insurers down the road.
     
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  20. gatorpa

    gatorpa GC Hall of Fame

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