0.1% inflation for March

Once the May 2022 data point drops off, it goes down even more. From June 2022 to May 2023, 11 months, annualized is 2.8%.

Also, in May’s number of 0.1, that includes a housing index increase of 0.6%, which is a lagging indicator. Actual present day new rents have trended downward the last 6 months, and home prices are level of down. If this trend keeps up we could actually get to deflation although I’m not predicting that.

Consumer Price Index Summary - 2023 M05 Results


Consumer Price Index Historical Tables for U.S. City Average : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

 

Grocery prices are rising in America again. Here's what got more expensive | CNN Business

 

Climate change causing crop failures, increase in fertilizer prices as a result of higher natural gas prices. Increased transportation costs, on and on are the factors that caused a rise in food costs.

 

The rate hikes are killing demand. Although you're not predicting it, you could very well be correct. Once the demand dries up, what you have are some very overpriced homes and used cars. I wouldn't stamp my name on a deflation prediction either, but I can see a scenario where it could develop rather quickly.

 

Much better than in Europe. Thanks Joe!

Why Are Food Prices So High in Europe?

 

From last month, where you were complaining about how high inflation was, to this. Funny how that works. Just wildly swinging back and forth.

 

I may have missed it but weren’t we supposed to fall into a recession? At least that’s what the right here were posting, but the only thing I’ve seen so far is a superior handling of the economy.

 

I’m glad that we have not fallen into recession. Hopefully the fed doesn’t pivot too soon to where it comes back. They need to make sure they kill it.

As far as superior handling of the economy; you are not seeing clearly. Superior handling would have been to not get into this completely avoidable inflation that we have all been dealing with for almost two years.

Using your logic would be like getting a new roof put on and it leaks. The contractor tells you that he did a “Superior” job because it didn’t collapse.

The depths you people will go to rationalize the incompetence of this administration astounds me.

 

So our inflation rate is considerably higher than other developed countries at the same time?

 

Poor analogy but that’s beside the point.

Our economy crashed during the Bush years because of republican policies that allowed cheap credit and lax lending standards that fueled a housing bubble that eventually burst. The latest crash was caused by the Covid pandemic. I’m not blaming republicans for the pandemic despite the flippant attitude of the pandemic by Trump, but I find it interesting both crashes occurred during republican presidencies, and improved once a Democrat was in the White House

 

Doesn’t matter what other countries did with their monetary policies. Does it make you feel better that we’re not any smarter than other countries? Next you will be telling us that we should be more like Greece, or Italy, or Venezuela. This is not a scoreboard where all you need to worry about is not being last. We F’ed ourselves and it was completely avoidable.

 

It was competent handling of the economy. Last 3 years with the pandemic was strange but it looks like we are going to exit it fairly well.

 

Yeah inflation was worldwide and in fact much worse in many other countries. But if you want to blame it all on Biden you can't mention that.

 

Just total BS from an extreme partisan. It was not completely avoidable. At least try to have a tiny little bit of objectivity.

 

Another lib poster who forms their economic thoughts based on what msnbc tells them to think. Do yourself a favor and get this book and read it before you post again on housing crisis. This should ensure that this is the last time you make a fool of yourself on this topic.



From Amazon’s (not known as a conservative mainstay) own description of this book:
“After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains”.

Feel free to come back and discuss after you have come to terms with your ignorance.

 

Excess liquidity has always led to inflation. Why else was it the tool of choice in 2008-2010 to combat the pending deflation?

And I’m not blaming it all on Biden. Pelosi and Schumer deserve blame as well as any senator or rep that supported the spending or interest rate reductions from 4Q 2020 forward, including Trump!

 

Well, two of those countries have no control over their monetary policy, as they are in the Euro Zone. If the argument is that just about every country screwed up monetary policy (which, it should be noted, differed considerably between countries), it is going to require a lot more than this claim.

 

You realize that Amazon doesn't write those descriptions, right? That is a marketing statement written by the publisher.

 

Make excuses all you want. Read the book and you won’t look so ignorant in continuing to support foolish economic policies.

I and several others here have said for since 2020 that we will be unwinding our foolishness in dealing with Covid and its aftermath for years if not a decade or more. Here we are over three year’s later and we “might hopefully” be at the end of the first round of inflation. The crap that you people have believed over the past 39 months is amazing.