Showing posts with label INFLATION 2024. Show all posts
Showing posts with label INFLATION 2024. Show all posts
Wednesday, January 15, 2025

I track average prices for over 40 basic foods in the U.S. city average: Just four made new all time highs in December 2024

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 Round roast $7.486/lb All uncooked beef roasts category $7.719/lb Table wine, red and white $13.985/liter Beer $1.812/pint
Friday, December 20, 2024

Stock market cheerleaders say inflation data is encouraging, lower than expected, but it's up lol

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 Dow bounces 800 points Friday on encouraging inflation data after rough week: Live updates  Key Fed inflation measure shows 2.4% rate in No...
Wednesday, December 18, 2024

The Fed Chair Jerome Powell gave them what they wanted, a one quarter point interest rate cut, and the spoiled markets threw a fit anyway because of what he said about next year

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The S&P 500 Equal Weight Index is down almost 7% this month, to date. Meanwhile, more inflation for the rest of us, which Powell has nev...
Friday, December 13, 2024

Inflation impact on low income households is more like 6.3% when weighing necessities higher, says retail expert Howard Jackson

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The Wall Street Journal reports here , also saying low income wage growth now lags everyone else's:  Howard Jackson, president of retail...
Thursday, December 12, 2024

More inflation: Core producer prices, aka core wholesale prices, have been up four months in a row measured year over year, the last three increases all above 3% yoy

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 3.2%, 3.4% . . . and 3.5% year over year now in November 2024. Overall prices are up 3% yoy in November.   Wholesale prices rose 0.4% in No...
Wednesday, December 11, 2024

Foods making new all time high average prices in November 2024

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Whole Chicken 2.076 OJ 4.306 Coffee 6.868 Ice Cream 6.447 Pork , All Other 3.765 Beer 16oz 1.811

Core cpi inflation averaged 1.96% yoy under Trump I, still averaging 3.32% in 4Q2024 to date, 69% worse

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Friday, November 29, 2024

Inflation under Biden is so bad . . .

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Wednesday, November 27, 2024

I don't care if it was expected, core pce inflation is higher in October

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 Yeah, and the preferred gauge is core dammit, 2.8%, not the headline 2.3%. Fed’s preferred inflation gauge rises to 2.3% annually, meeting ...
Saturday, November 23, 2024

Earning $100k ain't what it used to be: It used to be a more exclusive club

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 In 2023 earning $100k made you top 15% of wage earners, but in 2018 it made you top 10%. $125k is the new top 10%.   2018 2023    
Friday, November 15, 2024

The stock market cheerleaders/Fed rate cut cheerleaders at CNBC, but I repeat myself, lied by omission about wholesale price increases yesterday, but CNN told the truth

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 CNBC: Wholesale prices rose 0.2% in October, in line with expectations Wholesale prices nudged higher in October, though largely in line w...
Wednesday, November 13, 2024

Three foods making new record average prices in October 2024: Whole wheat bread, coffee, and navel oranges

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Disgusting: No matter how you cut it, core cpi inflation is up in October

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 Seasonally adjusted core cpi inflation is trending higher since July, and ticked up from 3.25% year over year in September to 3.30% in Octo...
Friday, November 1, 2024

She couldn't think of anything she'd do differently

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 On The View in early October.
Thursday, October 31, 2024

Core pce inflation averaged 1.6% under Trump, but is still averaging 2.7% in 2Q and 3Q 2024 under Biden-Harris, almost 69% worse

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  "That thing just won't come down!"  
Saturday, October 26, 2024

Cheap gasoline prices were key to the Trump-era "boom" for the bottom half of income earners destroyed by the Great Recession

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Reported here in "Inflation-shocked low- and middle-income Americans may not spend normally for years": “For a very large share ...
Saturday, October 19, 2024

Sometimes it's not the economy stupid: Headline employment under Obama didn't recover until May 2014, but he got re-elected in 2012 anyway

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 Six years and four months went by: Jan 2008-May 2014. And economic confidence actually declined from -11 in 2012 to -10 in 2014 when it did...
Thursday, October 10, 2024

A bunch of food items made new all time high average prices in September 2024: Beef, beef, and more beef, butter, coffee, sugar, oranges, yogurt, and beer

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Did I mention beef?  

The average price of electricity in the United States remains at the all time high in September 2024, 31% higher than under Trump on average

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Core cpi inflation measured year over year is now up for a second month to 3.3% in September: Biden-Harris average rate to date is now 4.5% and headed back the wrong way, 128% worse than Trump's 1.97%

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