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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. MichiGator2002

    MichiGator2002 Premium Member

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    Amazing what happens to inflation when you don't calculate any expense that is felt in the course of everyday life.
     
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  2. citygator

    citygator VIP Member

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    So inflation is high when the government says it’s high but also high when it says it’s low?
     
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  3. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    I’m about to grab some winter rye as well. Good to know.
     
  4. docspor

    docspor GC Hall of Fame

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    My pt/arg is as it has been from the get go. Use monetary policy to control general prices levels. In the case of inflation, raise rates, reduce inflation. HARD STOP. If you want to keep getting deeper in the big muddy by "exchanging points" you can just paste this in as my reply each time.
     
  5. surfn1080

    surfn1080 Premium Member

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    I bet you feel better too! lol
     
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  6. g8trjax

    g8trjax GC Hall of Fame

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    Why can't you guys just put it in real world terms, the huge price increases we've seen the past few years are starting to level off?
     
  7. citygator

    citygator VIP Member

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    Text book answer for a non-text book situation. Enjoy your book.
     
  8. citygator

    citygator VIP Member

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    If you do the calculus you will see a negligible impact to real inflation. Not updated this month yet which will see another month where you are making out.

    upload_2023-11-14_14-56-15.png
     
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  9. Gatoragman

    Gatoragman GC Hall of Fame

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    YOUR graph shows inflation rising faster than wages for nearly 2 years from about March 21 to about Jan 23. Now we have a few flats months, and everything is now grand? A ton of folks are still trying to climb out of the debt they created for those 2 years. You just keep posting graphs that tell us how great things are and that Biden is the economic genius. The rest of us will live in the real world.
     
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  10. citygator

    citygator VIP Member

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    Look at the area between the curves from Jan 2020 onward. Basically we are flat to 2019. Hopefully you understand the math.
     
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  11. antny1

    antny1 GC Hall of Fame

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    Coke stated over a year ago as long as consumer behavior didnt change they wouldn't adjust their pricing and increased them at that time. Aluminum prices received the biggest blame yet beer prices and off brand sodas didn't increase at nearly the same clip.

    Diet coke was one of my guilty pleasures but we have since moved to off brand when we even bother keeping it at the house at all. We have dropped a lot of the more unhealthy foods due to price increases.
     
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  12. citygator

    citygator VIP Member

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    Also Debt leverage has leveled back off to historic post recession norms.

    upload_2023-11-14_15-31-22.png
     
  13. GatorNorth

    GatorNorth Premium Member Premium Member

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    12 pack of Diet Coke was priced yesterday at Kroger in north Atlanta at $8.99. Which is insane.
     
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  14. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    My advice would be to quit drinking Diet Coke.
     
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  15. Gatoragman

    Gatoragman GC Hall of Fame

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    I understand math just fine and understand your graph just fine, do you? Yes, current is inflation is about flat to 2 years ago. It's just that big ass mountain of inflation in the middle that increased the base by nearly 20 % that we all live with every day!
     
  16. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    By your reasoning we live with that mountain of inflation from the late 70s every day too!
     
  17. Gatoragman

    Gatoragman GC Hall of Fame

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    Really!!! Why bother with you guys? Yes, in several to 5 to 10 years it will not make a difference. But today everyone is looking at how they paid 20-30-40% less just 2 years ago.
    Do you guys get out much with any common people and actually talk to and interact with them or are guys just stuck ion the keyboard for any social interactions?
     
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  18. docspor

    docspor GC Hall of Fame

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    it seems this pt shoulda been saved for an instance where the textbook ans didn't work, unlike here.
     
  19. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Real wages are about the same as they were 2 years ago too.
     
  20. l_boy

    l_boy 5500

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    Consumer debt service has increased. Why is that good?