The CPI Inflation Rate A Sizzling 9.1% In June; Dow Jones Tumbles

anatta

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The consumer price index came in just hotter than expected in June, as the CPI inflation rate eclipsed May's 40-year peak. Following the CPI report, Dow Jones industrial average futures pointed to a sharply lower open on expectations for further aggressive Federal Reserve tightening.

The CPI rose 1.3% from the prior month and 9.1% from a year ago, compared to an inflation rate of 8.6% in May. The core CPI, which strips out volatile food and energy categories, rose 0.7% from May. Still, the annual core inflation rate eased to 5.9% from the prior month's 6% reading. March's 6.5% core inflation rate was the highest since August 1982.

Economists expected the overall CPI to rise 1.1% on the month, pushing the annual CPI inflation rate to 8.8%. The core CPI was seen rising 0.5% vs. May and 5.8% from a year ago.

Inflation may finally be past its peak, with gas prices pulling back from record highs in mid-June. But that didn't show up in June consumer price index data, which is collected throughout the month.
Goods Vs. Services Inflation

In cycles past, the Fed has put more emphasis on core inflation, which can provide a better indication of underlying price pressures amid volatility in energy prices. However, with inflation running at a four-decade high, Fed officials worry that expectations for high inflation will become self-reinforcing. That means workers pushing for bigger pay raises and companies becoming less hesitant about raising prices.

Inflation in goods prices, excluding food and energy, has decelerated from double-digit increases earlier in the year. Core goods prices rose 0.8% on the month, bringing the annual inflation rate down to 7.2% from 8.5% in May.
https://www.investors.com/news/economy/the-cpi-inflation-rate-may-hit-9-dow-jones-rally-stalls/

However, inflation in nonenergy services prices, which affects 57% of consumer budgets, has yet to subside, rising 0.7% on the month and 5.5% from a year ago. That topped April's 30-year high of 5.2%. Nonenergy services includes big categories such as rent and medical services, where price increases reflect the strong labor market more than inflationary supply disruptions.

The 0.7% monthly rise in the core consumer price index, if sustained, would add up to a 8.4% annual core inflation rate. That compares to Federal Reserve projections of 4.3% core inflation in 2022. If inflation stays on pace to exceed projected Fed levels, policymakers probably will have to tighten further and faster than expected.

Keep in mind that the CPI differs from the Fed's preferred personal consumption expenditures price index. The latter includes government purchases on behalf of consumers such as by Medicare and Medicaid. It also factors in a substitution effect, when high prices lead consumers to adapt purchasing behavior.
 
love this commercial..stopped at WAWA yesterday. f $5 for 2 XL sodas. $4.35 for gas.
stopped to get a tub of margarine -$4.69// Loaf of Pepperidge Farm dark bread -$5...etc (etc)

 
so .75% rise or a full point for the Fed next ? I'm going with full point.

secondary effects to start ramping up faster as well.
 
I used to get a 2 pack of Ketchup at walmart for $6, ... it's now $9.

Socialist CO2 czar, John Kerry is making a killing.

The Guardian
Tesco faces shortage of Heinz products after row over rising prices
Tesco is facing shortages of Heinz baked beans, ketchup and salad cream after a fallout with the US brand over price increases.
.2 weeks ago
 
I used to get a 2 pack of Ketchup at walmart for $6, ... it's now $9.

Socialist CO2 czar, John Kerry is making a killing.

The Guardian
Tesco faces shortage of Heinz products after row over rising prices
Tesco is facing shortages of Heinz baked beans, ketchup and salad cream after a fallout with the US brand over price increases.
.2 weeks ago
there was some old Baltimore TV commercial -i think it was for hair weave? maybe
where the announcer says "just $5" over and over.

$10 for a loaf of bread, and tub of margarine.."just $5"
i say to myself as i pick up the items
 
The consumer price index came in just hotter than expected in June, as the CPI inflation rate eclipsed May's 40-year peak. Following the CPI report, Dow Jones industrial average futures pointed to a sharply lower open on expectations for further aggressive Federal Reserve tightening.

The CPI rose 1.3% from the prior month and 9.1% from a year ago, compared to an inflation rate of 8.6% in May. The core CPI, which strips out volatile food and energy categories, rose 0.7% from May. Still, the annual core inflation rate eased to 5.9% from the prior month's 6% reading. March's 6.5% core inflation rate was the highest since August 1982.

Economists expected the overall CPI to rise 1.1% on the month, pushing the annual CPI inflation rate to 8.8%. The core CPI was seen rising 0.5% vs. May and 5.8% from a year ago.

Inflation may finally be past its peak, with gas prices pulling back from record highs in mid-June. But that didn't show up in June consumer price index data, which is collected throughout the month.
Goods Vs. Services Inflation

In cycles past, the Fed has put more emphasis on core inflation, which can provide a better indication of underlying price pressures amid volatility in energy prices. However, with inflation running at a four-decade high, Fed officials worry that expectations for high inflation will become self-reinforcing. That means workers pushing for bigger pay raises and companies becoming less hesitant about raising prices.

Inflation in goods prices, excluding food and energy, has decelerated from double-digit increases earlier in the year. Core goods prices rose 0.8% on the month, bringing the annual inflation rate down to 7.2% from 8.5% in May.
https://www.investors.com/news/economy/the-cpi-inflation-rate-may-hit-9-dow-jones-rally-stalls/

However, inflation in nonenergy services prices, which affects 57% of consumer budgets, has yet to subside, rising 0.7% on the month and 5.5% from a year ago. That topped April's 30-year high of 5.2%. Nonenergy services includes big categories such as rent and medical services, where price increases reflect the strong labor market more than inflationary supply disruptions.

The 0.7% monthly rise in the core consumer price index, if sustained, would add up to a 8.4% annual core inflation rate. That compares to Federal Reserve projections of 4.3% core inflation in 2022. If inflation stays on pace to exceed projected Fed levels, policymakers probably will have to tighten further and faster than expected.

Keep in mind that the CPI differs from the Fed's preferred personal consumption expenditures price index. The latter includes government purchases on behalf of consumers such as by Medicare and Medicaid. It also factors in a substitution effect, when high prices lead consumers to adapt purchasing behavior.

Let's give you the floor Anna-cana-pana!

You be the president for a minute- WHAT WOULD YOU DO TO STOP RUNAWAY INFLATION- given the opportunity to do something- ANYTHING!

Why don't you help by telling us your solutions- instead of crying out about the problems.

Do you seek influence with others? THIS WOULD BE A GREAT START!
 
Let's give you the floor Anna-cana-pana!

You be the president for a minute- WHAT WOULD YOU DO TO STOP RUNAWAY INFLATION- given the opportunity to do something- ANYTHING!

Why don't you help by telling us your solutions- instead of crying out about the problems.

Do you seek influence with others? THIS WOULD BE A GREAT START!

You have to accept the problem before you can fix the problem.

Anatta just described the problem.

The solution is to remove the far left Democrat Socialists in Washington who have no clue about how to fix inflation (the problem).
 
Let's give you the floor Anna-cana-pana!

You be the president for a minute- WHAT WOULD YOU DO TO STOP RUNAWAY INFLATION- given the opportunity to do something- ANYTHING!

Why don't you help by telling us your solutions- instead of crying out about the problems.

Do you seek influence with others? THIS WOULD BE A GREAT START!

reverse everything Biden has done since sworn in. that will minimize the hole he has dug and shorten the time to recovery.
 
love this commercial..stopped at WAWA yesterday. f $5 for 2 XL sodas. $4.35 for gas.
stopped to get a tub of margarine -$4.69// Loaf of Pepperidge Farm dark bread -$5...etc (etc)


My Democratic governor is giving us up to $1,200 dollars in stimulus checks to ameliorate the effects of inflation.

What is your governor Desantis doing to help consumers, besides banning textbooks and complaining about woke Disney world?
 
Let's give you the floor Anna-cana-pana!

You be the president for a minute- WHAT WOULD YOU DO TO STOP RUNAWAY INFLATION- given the opportunity to do something- ANYTHING!

Why don't you help by telling us your solutions- instead of crying out about the problems.

Do you seek influence with others? THIS WOULD BE A GREAT START!

Republicans have never done better w/ the economy in the modern era - except for Reagan's 1st term. Otherwise, Dems have always pulled us out of the mess that Republicans created.

As it is this time. Trump absolutely crashed the economy. You can't build it back in a day. By the time Biden ends his 1st term, I have no doubt we'll be better off than we were when Trump left office (we already are, but the economy will be humming again in a year or 2).
 
Republicans have never done better w/ the economy in the modern era - except for Reagan's 1st term. Otherwise, Dems have always pulled us out of the mess that Republicans created.

As it is this time. Trump absolutely crashed the economy. You can't build it back in a day. By the time Biden ends his 1st term, I have no doubt we'll be better off than we were when Trump left office (we already are, but the economy will be humming again in a year or 2).

Total horse mierda.

Learn to read.

The CPI Inflation Rate A Sizzling 9.1% In June; Dow Jones Tumbles
 
My Democratic governor is giving us up to $1,200 dollars in stimulus checks to ameliorate the effects of inflation.

What is your governor Desantis doing to help consumers, besides banning textbooks and complaining about woke Disney world?

Learn to read.

The CPI Inflation Rate A Sizzling 9.1% In June; Dow Jones Tumbles
 
Total horse mierda.

Please expound. Did the elder Bush not leave the economy in recession? Did the younger not crash the economy in his last year in office? Did Trump not leave the economy in much worse shape than he found it, with millions of jobs lost?

And Clinton led us to the best prosperity we've known. Obama led us to the longest recovery of the modern era. And now Biden is building back from Trump's failures.

What was incorrect? Please be specific.
 
Please expound. Did the elder Bush not leave the economy in recession? Did the younger not crash the economy in his last year in office? Did Trump not leave the economy in much worse shape than he found it, with millions of jobs lost?

And Clinton led us to the best prosperity we've known. Obama led us to the longest recovery of the modern era. And now Biden is building back from Trump's failures.

What was incorrect? Please be specific.

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The CPI Inflation Rate A Sizzling 9.1% In June; Dow Jones Tumbles

Stay on topic and stop spamming the thread.
 
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