Consumers may feel relief after inflation slowed in November

The Hill ^ | 12/13/2022 | SYLVAN LANE

[equaviator]

I’m not feeling it yet...Inflation owes me a blowjob.

[ExSES]

Publix reduced the size of their paper grocery bags by about 20% a few weeks ago. I wonder how many people that fools!!! Hopefully, we won't be getting lunch bag size next year!!!

[tnlibertarian]

They don’t include food and fuel in those calculations.

Someone posts this in every thread about inflation, and it is not true. BLS releases two inflation numbers each month. The lead number that everyone talks about includes food and energy. This is from the BLS press release:

"In November, the Consumer Price Index for All Urban Consumers increased 0.1 percent, seasonally adjusted, and rose 7.1 percent over the last 12 months, not seasonally adjusted."

Then it states the inflation rate without the volatile energy and food:

"The index for all items less food and energy increased 0.2 percent in November (SA); up 6.0 percent over the year (NSA)."

The 7.1 that the original article references is the first inflation rate, which includes food and energy.

[smokingfrog]

Big deal.

[smokingfrog]

Big deal.

[Texas resident]

The BLS lies.

Fuel is up a lot more than 7% and food is up at least 50%.

[HereInTheHeartland]

Gas here is $2.49 now. It was $4.50 not long ago ,
It should help .
And no Biden didn’t do it.
The economy is slowing .
Diesel hasn’t gone down near as much