Posted on 02/14/2023 5:57:51 AM PST by Tell It Right
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday.
The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%.
(Excerpt) Read more at cnbc.com ...
More stagflation and rising interest rates. MALAISE
Oh but hay! “Unemployment” is low so all that other stuff doesn’t matter! /s
Everyone for amusement should flip back and forth between Fox Business and CNBC, Maria Bartiromo on Fox Business has guests talking about inflation not going way and perhaps accelerating and more interest rate hikes in the future.
CNBC is talking about how this announcement was expect and priced into the market and things are working just fine.
Less folks are looking...The unemployment rate is a “connived” rate.
The inflation rate is 20%.
Expose the Lib Tards’s Lies.
Guys, help me out here. It’s been a long time since I had to take macro/micro economics, and I’m starting to question a lot of the assumptions/conventions that always just get accepted.
As I understand the mechanism for raising interest rates in curbing inflation to be that loans being harder to get and pricier, there will be less investment money and thus less ‘growth’.
My question is, is this kind of “growth” really the cause for inflation?
What if we are caught in a cycle of malaise and raising the interest rates actually hurt inflation, because getting money is now more expensive?
Why are there so many people who don’t want to work, yet they brag unemployment is so low?
Why are there millions of unfilled jobs, even though unemployment is said to be so low? There are really that many more jobs than able-bodied adults?
This must be common core math
Granted it’s not a formal study, but, the last couple weeks have certainly looked like another round of grocery price increases on some items that had been steady for at least a few months. Eggs and milk steady tho’, regular prices on meat, too, but fewer sale items of any kind of meat, including fish and chicken.
$200 now with Bidenflation.
What happens is that when government massively intervenes in the economy and picks winners and losers everything starts to get weird.
Higher interest rates eventually will hurt investment but right now the fed’s interest rate to banks is below the inflation rate which means the fed is paying banks to take their money!
On the jobs front, on Steve Bannon’s War Room they mentioned a report from the BLS that 1 million jobs have been taken by illegal aliens, which depresses the wages for low end jobs and makes drawing government benefits more attractive which a lot of people are doing.
Food and Energy prices are supposedly left out of the CPI numbers, the excuse is they are too volatile, except that every person needs both to live and regardless of the volatility needs to be factored in.
A LOT of people have retired or are taking disability.
Also, working from home tends to be less productive, therefor more workers are needed.
FWIW, I happened to be in Chicago-land a week ago. The commuter trains from the suburbs to Union Station (downtown) were nearly deserted. (Continuation of a trend for at least 10 years.) Sidewalk traffic (Michigan Avenue, Adams Street, etc.) seemed lower to me too, allowing for it being a relatively nice day this time of year.
At this very moment, I'm thinking about what I am about to tell my congressman's staff. (they know me from past conversations)
It's TIME to #DownSize_DC!
Restore the Constitution!Size DC!
Close entire Rogue/Un-Constitutional Departments, including their SWAT Teams.
Agreed. Actual cost of living has risen far more than the CPI, and, CPI includes / seems to be weighted toward a lot of “stuff” — items that are not necessities or are purchases that can be put off.
Personally, I believe the CPI, Unemployment and GDP numbers are accurate representations of each area, but they are misleading and tend to underestimate the real problems.
IMO, the numbers are designed to mislead the public and mask over government failures in policy.
That 0.5% must be core math. My math says Walmart’s white bread rose 50% in the past few months.
rose 0.5% in January
unexpected, drink
You beat me to it.
Eggs and butter and heat etc. are still very expensive.
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