Inflation slows in May, with consumer prices up 3.3% from a year ago

CNBC ^ | June 12, 2024 | Jeff Cox

[4Runner]

Six dollars ninety eight cents for a bag of five navel oranges. In Florida. Yeah. Slowed.

[george76]

Inflation.. anyone who believes 3.3 % does not buy their own groceries.

[CatOwner]

Several of our expenses have gone up since the beginning of May 2024. Homeowner’s insurance policy (+34%), wife’s monthly medical premiums (+14%), fiber Internet service (+12%), and still rising grocery bills.

[Gen.Blather]

The insurance on my rental houses has gone up 300% this year alone. Oh, that’s right. Insurance, gas and medical aren’t counted in the inflation number. Probably because no one uses those things.

[Socon-Econ]

Audit this data. If you take in Biden’s data long enough, he’ll have you believing that your living standards are RISING.

[rktman]

Revised in 3,...2,.....

[Skwor]

3.3% filthy lie. So tired of the media gaslighting and propoganda

Ya slowing, magically in time for the election season.

[Vision]

Powell and Yellen should be in prison for their wanton desire to not control inflation, for catastrophically over (artificially) simulating a market surging for years.

[circlecity]

Food and energy prices aren’t included on core inflation calculations.

[1Old Pro]

Food and energy prices aren’t included on core inflation calculations.

And think about how much we spend on food and energy monthly/annually.

[Deo volente]

Groceries, +30%
Car insurance, +50%
Electricity bill, +20%
Auto repair, +20%
Gasoline, +10%
And that’s in the past year alone.

3.4% is totally fake news.

[Leaning Right]

> 3.3% filthy lie. So tired of the media gaslighting and propoganda <

George Carlin had it right.

[wiseprince]

1. 3.3% from a year ago is not good
2. This “slowing” won’t have the effect they hope it does (give Bide credit for the slow down). It will just show that he’s out of touch as he tells everyone how much better the economy is while people continue to compare the prices to 2020. No one cares that it has slowed down. What people are looking for is for the prices to drop but that’s deflationary and also bad long term...

[richardtavor]

What BS.

[cowboyusa]

Ha, funny. Rising is slowing.

[bray]

They track everything except what you buy to live.

[Texas resident]

Not 3.3%. More like 23.3%.

I saw a gas pump yesterday with the amount that read $78 from the last person that used that pump.

[napscoordinator]

Gas is down quite a bit. 2.86 yesterday in central Florida.

[dfwgator]

They will quietly revise it upward in a month or two, and nobody will notice it.