CPI Report Live Updates: U.S. Inflation Reached 9.1% in June

WSJ ^ | 13/7/22

[Eleutheria5]

U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.

The consumer-price index’s reading for June was higher than May’s annual rate of 8.6% that led Fed officials to shift to a faster pace of interest rate increases.

Stock futures turned negative after the release of the data. Investors are closely watching the data for clues about the outlook for central-bank policy and the wider economy.

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[Hurricane Andrew]

Excellent point on the wage front. Many folks seem to be ignoring that component.

[Mouton]

I loved that movie.

[Flick Lives]

One of my favorite alternative rock songs of the 80’s. And now we’ve got inflation, just like the early 80’s. Sweet!

[dfwgator]

Another one from the 80s.....

And we can still get information
Reading all about inflation
And you’re never gonna be out of reach
There’s a call-box on the beach(on the beach, on the beach
One, one, two

[Vermont Lt]

No kidding. I look at my kids trying to stay ahead of the wave and I am reminded of my youth. Thank the Lord they both got their homes under 4% (one under 3%).

[matt04]

Exactly. Based on my grocery shopping I would say it is anywhere from 25% to 50%. Some items seem to be much more impacted than others.

[Harpotoo]

Yes and his Billionaire lib backers are making sure the market won’t crash today no matter the cost to Dem:-)

[Varsity Flight]

Some vendors this week discussing they are raising their prices on bread.

[Varsity Flight]

✔

[Scott from the Left Coast]

You know that when almost all the billionaires are leftist and support the elite political establishment that we have zoomed right through socialism to full on fascism.

[rdl6989]

I paid $5.05 last night in southern Indiana.

[Harpotoo]

That’s how they OPENLY stole an election:-(

[PapaBear3625]

When they reported 8.6%, the real inflation was calculated at 11.1%

CPI excludes food and energy, which is what's gone up hugely.

[catnipman]

hellofa lot more than 9.1% ... 12-packs of green beans are now 8 cans but same original price ... $4.98 rotisserie chickens at Sam’s Warehouse are reduced in size by at least 40% .... and so forth ...

[catnipman]

“the blame for this needs to be laid at the feet of Liberal SOCIALIST Democrat policies and not just Biden!”

biden is just the fall guy for their disastrous new green deal ... the dems will scapegoat him and run someone else in 2024, declaring the new person a “good” democrat, not at all like “incompetent” dementia joe ...

[Repealthe17thAmendment]

The Atlanta FED GDP Now tracker hasn't entered the latest CPI data in their formula yet, but I can't see how this could improve the 2nd QTR number. As it is, they show an estimated GDP at -1.2%. There are still several numbers they are tracking that haven't yet been entered, Housing starts and home sales among the more prominent. And those numbers were alarmingly bad in June.

Home Sales Fell Through at a Stunning Rate in June

[Sam Gamgee]

Central Banks are betting on bringing inflation down with rate hikes. I wonder if they will be successful?

[Sam Gamgee]

Yeah, I made $100 on $6000 on a stock. Yippee! (sarc). Bought it too high and had to average in. Sold on the rebound.

Meanwhile bought a airline banking on lower oil prices will be good for business.

[Sam Gamgee]

I’m speculating all news is now priced in the oil price. Meaning there is really not anything else that affect the supply side.

[Eleutheria5]

I wasn’t doing stock, but NASDAQ spot on the Brussels exchange. Started out tiny, 250 with swap rebates over time, and built it up to $1,300, slightly less tiny. It took months, but it was great fun. Now it’s all gone, unless my broker has some sort of a deal to save the day, like he did when war broke out in Ukraine.