INFLATION--FED's cutting rates again...

Meanwhile, it's a race through the aisles at the grocery store - trying to put items into the cart before a stocker comes along to tag a new higher price.
I really feel for folks in the lower middle class - feeding a family is taking a larger and larger part of their budget.
 
Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022 : The Economics Daily: U.S. Bureau of Labor Statistics

12-month percent change in the Consumer Price Index, selected categories, July 2022, not seasonally adjusted

All items
8.5%

Food
10.9

Food at home
13.1

Cereals and bakery products
15

Meats, poultry, fish, and eggs
10.9

Dairy and related products
14.9

Fruits and vegetables
9.3

Nonalcoholic beverages and beverage materials
13.8

Other food at home
15.8

Food away from home
7.6

Full service meals and snacks
8.9

Limited service meals and snacks
7.2

Energy
32.9

Energy commodities
44.9

Fuel oil
75.6

Gasoline (all types)
44

Energy services
18.8

Electricity
15.2

Natural gas (piped)
30.5

All items less food and energy
5.9

Commodities less food and energy commodities
7

Apparel
5.1

New vehicles
10.4

Used cars and trucks
6.6

Medical care commodities
3.7

Alcoholic beverages
4.2

Tobacco and smoking products
7.7

Services less energy services
5.5

Shelter
5.7

Rent of primary residence
6.3

Owners' equivalent rent of residences
5.8

Medical care services
5.1

Physicians' services
0.8

Hospital services
3.9

Transportation services
9.2

Motor vehicle maintenance and repair
8.1

Motor vehicle insurance
7.4

Airline fares
27.7
 
Another Biden advisor told MSNBC today that this would have no effect on inflation and lied again that inflation was 0 percent this month. F these liars.
 
In addition to age requirements, Congress and all other public officials should be required to pass a basic economics and civics test.
 
You have to be impressed at how Beto exploits his idiot base.

Phone bills up 625%! Let’s say your bill was $50 prior to Abbott. Now its over $300? Math is a foreign concept to idiots in the democrat party.
 
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Maybe the Beto Brigade will start putting up Abbott (“I did that”) stickers on gas pumps or something.

:lmao:
 
Chop said:
12-month percent change in the Consumer Price Index, selected categories, July 2022, not seasonally adjusted
Click to expand...
Interesting summary. As I look through it, I note the items that I normally buy - food, gasoline, electricity, car repairs and insurance - and see that they're well above 8.5% average inflation. And I think that my outlays are typical of retirees. On a fixed income, I'm feeling the pain - and Biden keeps telling us that inflation is transitory.
At least we can look forward to the COLA to make up for a small part of the impact. Of course, the COLA will come too late to help for this year's pain, and it won't cover all of the pain - but it will help some.
 
HornHuskerDad said:
Interesting summary. As I look through it, I note the items that I normally buy - food, gasoline, electricity, car repairs and insurance - and see that they're well above 8.5% average inflation. And I think that my outlays are typical of retirees. On a fixed income, I'm feeling the pain - and Biden keeps telling us that inflation is transitory.
Click to expand...

If they calculated CPI now like they did in the 1980s, CPI would be around 17%.
 
Diesel is starting to spike again...large truck stop I go past every day is up almost twenty cents a gallon this week. And since we know diesel is close kin to home heating oil/kerosene, that tells you what the expectations should be come winter...and also that costs of goods will be going up.
 
mb227 said:
costs of goods will be going up.
Click to expand...
Exactly, mb227. Since goods have to be transported from point-of-production to point-of-sale, the cost of transportation must be factored into the price of the goods. If transportation cost increase, so will the prices of the goods. OUCH!
 
HornHuskerDad said:
Exactly, mb227. Since goods have to be transported from point-of-production to point-of-sale, the cost of transportation must be factored into the price of the goods. If transportation cost increase, so will the prices of the goods. OUCH!
Click to expand...
And, naturally...the left will whine about the evil corporations while simultaneously ignoring that the increased hourly wages they demand impacted the dock workers, the truck drivers, the warehouse people, the store people, with each little increase going into the standard equations which drive the price.

And then there are the increased costs of paying the drillers, the refiners, the boat captains slaloming amongst the icebergs, the pipeline workers, the local distribution people and...the truck drivers who deliver to the corner stores which are NOT generally owned by the oil companies.
 
Chop said:
Meanwhile, South of the Border...
Victoria-Rodriguez.jpg

Mexico's inflation is sitting at 8.15%, leading our favorite central banker (above) to recently deliver a 2nd straight 75 basis-point increase to the interest rate.


:fiestanana:
"No soy la secretaria, pendejo, soy la jefa!"
(shouted recently at Mexico's Central Bank when a private banker told her to fetch him some cafe con azucar)
Click to expand...
So basically, the Latin Americans are schooling us on how to mitigate inflation. Bet you never thought you’d see a world where that was the case…
 
Board of Governors, curriculum, Banco de México

mexican-group-for-traditional-dances-at-festival-picture-id506290664

Mexico's Central Bank Board (their Federal Reserve) is 60% Female, and consists of the following Members:

Governor:
- Victoria Rodriguez Ceja-- Female (we've seen her photo)
Deputy Governors:
- Irene Espinosa Cantellano -- Female
- Gerardo Esquivel Hernandez -- Male
- Jonathan Heath -- Male
- Galia Borja Gornez -- Female



And if this isn't "diverse" enough for you, perhaps they could find a transvestite in Tijuana or Nuevo Laredo to join their esteemed Board. :lmao::beertoast:
 
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Galia Borja Gornez
Deputy Governor of the Bank of Mexico (their Federal Reserve):

galia-borja-banxico-fotoartecl.jpg



Ok, not only do the Mexican Fed Governors do a better job than the clowns in our Fed, they also do it with a sense of style!
 
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Irene Espinosa Cantellano
Deputy Governor of the Bank of Mexico (their Federal Reserve):

657679.jpeg

Irene.jpg

this bottom picture looks like
she could be in the Go-Gos

Visible evidence that the Mexican Fed is both smarter and better looking than our Fed...
 
Get ready for your $100 family night at the movies. Oh wait, I think I may have actually had one of those…

MLB—games are fun in-person, but you’re gonna pay for it.
 
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