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Five takeaways from the March inflation slowdown
The hill ^
| 04/12/2023
| Tobias Burns
Posted on 04/12/2023 11:32:42 AM PDT by 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.
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: bidenflation; inflation; march; slowdown; takeaways
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To: frogjerk
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.
21
posted on
04/12/2023 12:07:55 PM PDT
by
napscoordinator
(DeSantis is a beast! Florida is the freest state in the country! )
To: ChicagoConservative27
Have the redone the calculation of what “goods” they are including in the basket?
22
posted on
04/12/2023 12:08:58 PM PDT
by
fwdude
(Society has been fully polarized now, and you have to decide on which pole you want to be found.)
To: WVNan
Weird. Same here. It’s gets a little more expensive each week.
23
posted on
04/12/2023 12:12:29 PM PDT
by
matt04
( )
To: ChicagoConservative27
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.
24
posted on
04/12/2023 12:14:31 PM PDT
by
Gaffer
To: ProtectOurFreedom
He obviously failed Econ, Calculus, and Physics. Undoubtably, he struggled through algebra as well.
To: ClearCase_guy
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.
26
posted on
04/12/2023 12:15:53 PM PDT
by
Gaffer
To: ClearCase_guy
I know...and their definition of cheaper must not be the one anyone else uses.
27
posted on
04/12/2023 12:16:51 PM PDT
by
for-q-clinton
(Cancel Culture IS fascism...Let's start calling it that!)
To: ChicagoConservative27
Probably due to egg prices dropping.
28
posted on
04/12/2023 12:17:06 PM PDT
by
for-q-clinton
(Cancel Culture IS fascism...Let's start calling it that!)
To: ProtectOurFreedom
He obviously failed Econ, Calculus, and Physics.And 5th grade math.
29
posted on
04/12/2023 12:25:06 PM PDT
by
gitmo
(If your theology doesn't become your biography, what good is it?)
To: Political Junkie Too
Yep, a 16.7% budget cut. LOL
To: ChicagoConservative27
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.
31
posted on
04/12/2023 12:35:00 PM PDT
by
ZOOKER
(Until further notice the /s is implied...)
To: Political Junkie Too
The author should run for Congress. He thinks a 5% price increase means prices are going down.
32
posted on
04/12/2023 12:35:50 PM PDT
by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone els)
To: ConservativeInPA
He failed arithmetic. I bet he passed pronouns however.
33
posted on
04/12/2023 12:36:46 PM PDT
by
plsvn
To: ZOOKER
“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.
34
posted on
04/12/2023 12:38:06 PM PDT
by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone els)
To: ClearCase_guy
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!
35
posted on
04/12/2023 1:17:25 PM PDT
by
Chgogal
(Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
To: ChicagoConservative27
Beware, though, because summer prices are on the way. As traffic increases, gasoline is already going up.
36
posted on
04/12/2023 1:17:42 PM PDT
by
familyop
("For they that sleep with dogs, shall rise with fleas" (John Webster, "The White Devil" 1612).)
To: ChicagoConservative27
Yes everything is so much cheaper this month. 🙄
37
posted on
04/12/2023 1:20:51 PM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: ProtectOurFreedom
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.
38
posted on
04/12/2023 1:48:42 PM PDT
by
semimojo
To: ProtectOurFreedom
they’re all wrong ... inflation is the growth of the money supply ... price increases are a potential reaction to that ...
39
posted on
04/12/2023 1:54:16 PM PDT
by
bankwalker
(Repeal the 19th ...)
To: ChicagoConservative27
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!
40
posted on
04/12/2023 2:12:02 PM PDT
by
Sequoyah101
(Procrastination is just a form of defiance.)
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