Five takeaways from the March inflation slowdown

The hill ^ | 04/12/2023 | Tobias Burns

[ChicagoConservative27]

The consumer price index (CPI) fell to a 5 percent annual increase in March from 6 percent in February, the Labor Department reported Wednesday, dropping a full percentage point as prices for goods ranging from fresh produce to automobiles became cheaper.

That’s the lowest level of annual consumer inflation since May 2021. Prices have been coming down since last June, when they topped out at a 9.1 percent annual increase.

[napscoordinator]

I don’t trust the American people especially voters after November midterms. We should have 60 seat majority in the House and 4 in the senate considering how horrid the economy is.

[fwdude]

Have the redone the calculation of what “goods” they are including in the basket?

[matt04]

Weird. Same here. It’s gets a little more expensive each week.

[Gaffer]

Total BS balderdash. “The Hill” needs to take a trip to a goddam grocery store and tell me price inflation is ‘slowing down.” Utter nonsense.

[ALPAPilot]

He obviously failed Econ, Calculus, and Physics.

Undoubtably, he struggled through algebra as well.

[Gaffer]

There’s SO many things in any grocery store I visit that are near DOUBLE what they were. I cannot find anything where the price hasn’t increased beyond the BS these people are spouting now.

[for-q-clinton]

I know...and their definition of cheaper must not be the one anyone else uses.

[for-q-clinton]

Probably due to egg prices dropping.

[gitmo]

He obviously failed Econ, Calculus, and Physics.

And 5th grade math.

[Pocketdoor]

Yep, a 16.7% budget cut. LOL

[ZOOKER]

Supply and demand.
Real income (adjusted for inflation) is dropping so budgets get tight. That COVID stimulus money is long gone...
Discretionary income is first to be cut. We'll make do with that old car rather than buy a new one. A vacation would be nice but scale it back or forego it..
Money is tight, spending drops and the economy contracts. Demand is down so if you charge more for goods they won't sell at all. We seem to be out of "other people's money" at the moment.

[ProtectOurFreedom]

The author should run for Congress. He thinks a 5% price increase means prices are going down.

[plsvn]

He failed arithmetic.

I bet he passed pronouns however.

[ProtectOurFreedom]

“We seem to be out of “other people’s money” at the moment.”

Hah! Federal debt is only $34 trillion and going up $6 billion every day. There’s plenty of money. Just ask the reparations crowd.

[Chgogal]

Example: a loaf of bread costs $1 in March 2020, March 2021 it costs $1.08. March 2022 tje loaf costs $1.14. March 2023 it costs $1.20. So, under Biden/Obama/Democrat management the cost of bread has gone up 20%. Well done!

[familyop]

Beware, though, because summer prices are on the way. As traffic increases, gasoline is already going up.

[Georgia Girl 2]

Yes everything is so much cheaper this month. 🙄

[semimojo]

He apparently believes inflation (the RATE of price change) dropping from 6% to 5% means prices went DOWN.

Groceries and autos actually did come down in real terms from last month but are still are higher than a year ago.

He’s right but the context is important.

[bankwalker]

they’re all wrong ... inflation is the growth of the money supply ... price increases are a potential reaction to that ...

[Sequoyah101]

Article is not worth taking the time to read.

NOTHING BECAME CHEAPER!!!!!

The RATE OF INCREASE in prices is less than previously BUT PRICES ARE STILL GOING UP!!!!!!

Journalists can’t pay back their student loans because they do crap work in crap jobs and they are stupid.

Plain CODSWALLOP!