US Core inflation level lowest in 3 years

While this is good news… any move towards more inflation is a hit to the pocket. Hoping this signals a complete stop and reversal. The food and energy sector is not helping what the common citizen is feeling each month. Granted, when you grind your economy to a halt.. this has to be expected.

 

. So we are celebrating that all the increase of the last 2-3 years is here to stay?

 

You don't want reversal. Deflation is a disaster. It screws incentives to invest up royally.

 

I’m glad that you’re in communications or whatever and not an economist with any input to monetary policy.

You’re not going to contort yourself to tell us that the inflation is transitory again, are you????

 

Everyone knew they were here to stay…. Along with the pay raises.

 

Just devalued the dollar, only saving grace is the rest of the worlds big countries did the same so in relative terms we are no different than before, unless you got no pay raises and or need to borrow money at 7-9%.

 

Upside is it costs you less in real dollars to pay off any fixed debt you had prior -- mortgages, student load, credit card, and car payments.

 

That’s true if you have enough of those real dollars.
It’s better to keep that 3% mortgage/ car payment than paying it off at this point as long as you can get a return that beats it. 5% CDs are all over right now.

 

Great. When will the average family get salaries that enable them to buy homes (unaffordable in 99% of cities Homes "unaffordable" in 99% of nation for average American - CBS News) or compensate for groceries costing 30% more than 3 years ago. Hopefully soon considering the average household income has gone down (Income in the United States: 2022)

I guess they can always substitute their groceries for dog food since the government counts substitution in its fraudulent inflation numbers but even dog food has doubled.

 

I hope so. A reversal would be disastrous for the economy

 

To be honest it's been great for me. My mortgage is $1575 a month on a 4/3 with a half acre yard in the most expensive zip code in the Knoxville TN metro area. I put 0 down at 2.75% with a VA loan so no mortgage insurance. House nextdoor to me just sold with a mortgage estimated at just above $3500 with a 20% down payment.

The only people inflation hurts is the very people that defend this administration pretend to champion. It would be funny except it's sad that hardworking American families can't afford homes.

My salary has increased by about 36% over 3 years too. Food and housing are inconsequential expenses to those of us who are already established. Young people and blue collar workers will suffer.

 

So ... you don't consider yourself part of a "hardworking American family"? I do ...

 

It’s a shame that people who enjoy smoking get lung cancer too. And it’s a shame the treatment is painful and expensive. Under Republican governance our country developed a cancer and the fix is hard and expensive. But in time things may get back to where we were. The Republican solution is to let the country die so they can replace it with an authoritarian regime.

 

The only loan we have left is our commercial property we own and work out of. 3.35% fixed. Normally I just paid stuff off. But this one I might ride out...

 

This is not at all a surprise. The core cpi is decreasing because the decrease in rents from a year ago is finally flowing through the cpi housing measurements - cpi housing of 0.3% was lower than it has been in a long time. It will likely stay low for a while longer - maybe another year, or more.

CPI core mainly tells us what happened with new rents a year ago. It just doesn’t seem very useful.

 

Well I will go ahead and laugh because I would have to cry if I thought you really believed that horsecrap!