US CPI 7.1% YoY vs 7.3% expected, 0.1% MoM vs 0.3% expected
- Thread starter agnosticusmexicanus
- Start date
@agnosticusmexicanus Everyone thinking inflation has been beaten and that rates will be cut soon leads to all the behaviour that pushes inflation up in the first place. I still think this has got a long way to go yet, and a lot more interest rates rises here than people are expecting.
beautifulbaker12
New member
@dvcochran You only need to look at credit card debt to know we are nowhere near finished
@dvcochran Yeah, but - most people don’t have the money to engage in the behaviours that pushes inflation up again, right now. My mortgage is so high, I’m skint!
dmit5487ivan
New member
@agnosticusmexicanus
Note that CPI Shelter chart that's a third of the CPI.
Rent growth in advertised rents has already slowed dramatically in US.
It just takes months for CPI rents (which measure actual rents paid) to reflect advertised rents, because it takes months for leases to be resigned.
Note that CPI Shelter chart that's a third of the CPI.
Rent growth in advertised rents has already slowed dramatically in US.
It just takes months for CPI rents (which measure actual rents paid) to reflect advertised rents, because it takes months for leases to be resigned.
masterduckie
New member
@agnosticusmexicanus Seasonally adjusted figures since June 30:
July: 0.0%
Aug: 0.1%
Sept: 0.4%
Oct: 0.4%
Nov: 0.4%
Average over 5 months: 0.2% per month
Extrapolated annually: 2.4%
Things are looking good.
July: 0.0%
Aug: 0.1%
Sept: 0.4%
Oct: 0.4%
Nov: 0.4%
Average over 5 months: 0.2% per month
Extrapolated annually: 2.4%
Things are looking good.
cantgetright
New member
@masterduckie You can't really extrapolate seasonally adjusted figures like that.
In reality, Dec, Jan and Jun are the historically highest seasonally adjusted CPI rates in the USA.
I'm not arguing that things are starting to look under control, all things being equal. Just that it isn't as rosy a 2.4% just yet.
In reality, Dec, Jan and Jun are the historically highest seasonally adjusted CPI rates in the USA.
I'm not arguing that things are starting to look under control, all things being equal. Just that it isn't as rosy a 2.4% just yet.
nguyenthanhdi
New member
@masterduckie Yeah pretty good, I would be surprised if the FED increase next time round based on these results. If anything it looks like they might have overadjusted.
theislandpoet
New member
@agnosticusmexicanus Uh oh. AusFinance about to have a collective aneurysm. Lots of claims of falsified data and “my groceries are still more expensive” incoming
rewind2grace
New member
@theislandpoet Yeah, 7.1% more expensive 
resjudicata
New member
@theislandpoet
1: It's US CPI, not Australian.
2: US CPI food at home increased again by another 0.5% for the month to put it up 12% year on year
So... quite the hot take coming from a person insinuating that used car prices dropping in the US makes groceries in Australia cheaper.
1: It's US CPI, not Australian.
2: US CPI food at home increased again by another 0.5% for the month to put it up 12% year on year
So... quite the hot take coming from a person insinuating that used car prices dropping in the US makes groceries in Australia cheaper.
@resjudicata Well if food was 0.5% then annualised, it comes in at 6% so still well under 12% and clearly headed in the right direction. Also food is not the biggest expense for most people, shelter is.
resjudicata
New member
@scaredvvv
A car accelerates from a stand still through a school zone. Just before a crossing, the driver lifts his foot to 9/10ths accelerator instead of the foot to the floor. The car hits a kid on the crossing. But because he was at 9/10ths throttle instead of full throttle, he only hit him at 108km/hr instead of 110km/hr. The car exits the school zone at a speed of 130km/hr instead of 135km/hr had he kept the accelerator floored.
But because the driver slightly reduced his rate of acceleration, come sentencing, the judge took into consideration that he was headed in the right direction.
That's you. That's your understanding of how this works.
A car accelerates from a stand still through a school zone. Just before a crossing, the driver lifts his foot to 9/10ths accelerator instead of the foot to the floor. The car hits a kid on the crossing. But because he was at 9/10ths throttle instead of full throttle, he only hit him at 108km/hr instead of 110km/hr. The car exits the school zone at a speed of 130km/hr instead of 135km/hr had he kept the accelerator floored.
But because the driver slightly reduced his rate of acceleration, come sentencing, the judge took into consideration that he was headed in the right direction.
That's you. That's your understanding of how this works.
@resjudicata Correct. My previous reply got auto-deleted.
But seeing people mock others who are struggling to deal with 10+% YoY food price increases is peak AusFin.
People here don't touch grass. Every day I visit this sub that observation becomes more self evident.
But seeing people mock others who are struggling to deal with 10+% YoY food price increases is peak AusFin.
People here don't touch grass. Every day I visit this sub that observation becomes more self evident.