Posted on 07/13/2025 12:18:50 PM PDT by Az Joe
The Consumer Price Index for All Urban Consumers (CPI-U) for Phoenix-Mesa-Scottsdale advanced 0.4 percent for the two months ending in April 2025, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Chris Rosenlund noted that the all items less food and energy index increased 0.3 percent. The food index rose 1.0 percent, and the energy index increased 0.7 percent. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)
The Phoenix area all items CPI-U rose 0.3 percent for the 12 months ending in April. The index for all items less food and energy advanced 0.7 percent over the year. The food index rose 2.6 percent, while energy prices declined 7.9 percent.
Ideally, you want a little bit of inflation, 1-2.5%. 0.4% in a year connotes stagnant economic activity
Since Trump was elected prices really hadn’t dropped much over all.
But stopped growing!
Shouldn’t inflation be shrinking? I know my Dollar is...
exactly. Home prices in AZ are still way too high.
Proverbs 29:2
When the righteous increase, the people rejoice, but when the wicked rule, the people groan.
One of the big problems, that doesn’t seem to make major news, is the number of Americans have just been tapped out.
Yes, the tariffs have impacted the pricing and amount of goods coming into the U.S., but given the period of prices under the Biden regime when everything rose in price, how many Americans have anything (savings) left in the gas tank? The data seems to lean towards not many.
I’m still thinking that the economy is due for a recession/correction. Moving the interest rates around, putting in programs has only proven to create more of a problem. Everyone likes to hate on the lawyers (which I agree with), but maybe the economists deserve some of that hate as well, with all of their models and suggestions on how “they” think an economy should operate. Never mind that they’ve never worked in industry or signed paychecks. But somehow, they are smarter than everyone else.
My house is down 1% from a year ago. Going the wrong way
Exactly.
What ?
Unless you sell the house, how would you know? 1% is very well in the range of many statistical error ranges.
In my 170 single family home subdivision, nothing has sold in the last 6 months, maybe a year.
Completely stagnant, everyone’s home price is down Einstein.
I’m here and know, you’re there and know jack shit,..yet you open your mouth. Habit of yours?
How much did it go up in the previous few years?
I know my starter home is worth 3x my purchase price from 12 years ago. I’m in favor of a market correction to return prices to sane levels.
Why didn't you mention this in your post about your home value being down 1%? Sounds like it is more than 10%.
In early summer ‘22 it was up 8% from where it is now. I late summer ‘23 it was down 7% from where it is now.
It has been bouncing along within 1-2% either way for over a year now. Up, down, Down, up, etc
We’ve heard enough from you for the day
Have a nice Sunday afternoon. Maybe the Arizona heat has gotten to you.
Last word freak
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