this month’s CPI report is bullshit as expected. 80% of the data isn’t even being used anymore.
It’s far worse than the report says.
ShrimpieAC on
“Shut up and enjoy your crumbs”
[deleted] on
[removed]
Julian_Thorne on
‘Fake spike’
FidgetyHerbalism on
Lol, *spikes* 2.7%? The editor doesn’t know how to read a report. The 2.7% is a 12-mo figure (i.e. how much did CPI rise in the last 12 months), and it *dropped* from 3.0% in November.
Terrible headline.
——–
EDIT: Neither of the authors have economic credentials. Makes sense.
Yeeslander on
>“Much of this success has been accomplished by **tariffs, my favorite word, tariffs**, which for many decades have been used successfully by other countries against us, but not anymore,” he said.
Who talks like that? He’s such a fucking imbecile.
chiefmud on
Am I missing something? 2.7% annualized inflation is pretty tame. The real story here is whether or not we believe the numbers.
ElysiumSprouts on
“Well, who you gonna believe, me or your own eyes?”
-Trump 2025 probably
throwaway20220717 on
A more economical headline: “Reality persists despite Trump bluster”
bytemage on
He claims something that’s obviously bullshit? Must be a day that ends in Y.
bbycutiepiex on
Trump keeps tweeting ‘prices are down’ and inflation is slower than last year… but official CPI still shows prices are up 2.7% compared with a year ago, meaning things are still more expensive than before. Official data x tweet energy
CuddleThenRun on
nflation measures overall price change. one person saying ‘prices are down’ doesnt override national stats… even if that person used to be president.
Umami-Ice-Cream on
And yet the priority is going after trans people
ololo_3 on
According to the NYT, 2.7% inflation is absolutely a drop from last year, and surprised a lot of people. Not that I’m defending Trump’s economic ruling, but 2.7 “rise” is actually a drop because it always rises, but 2.7% is a very slow rate.
Toutatous on
My impression is that inflation is the way the government wants to tackle the debt. It will affect Americans, but there is no alternative, they can’t raise taxes if the wealthiest?!!
That’s why Trump doesn’t want the Fed to be independent. The 2% rule prevents him from increasing inflation.
Time-Cardiologist906 on
Vibes based economy
Smooth_Review1046 on
Wait?!?! Trump lied?!?!?!
GarySparrow0 on
Yeah, yeah, wages are stagnant, inflation is out of control, education and health is unaffordable and young people will never own a home, but have you seen how well Nvidia is doing?!
WittyAndWanting on
that’s not even the full picture… core inflation (minus food and energy) actually cooled a bit. still, 2.7 percent is real money out of peoples pockets, no matter who’s in office
nickisdacube on
Spikes? Anything below 3% is considered great. What world do you guys live in? The Fed’s goal for 50+ years was to keep inflation under 3% This is meeting that goal
Breddit2225 on
This is how gaslighting works.
JamUpGuy1989 on
Dow up 250pt despite the lack of data.
Make it make sense everyone!
Zbignich on
Considering that gas prices are down, the inflation for non-gas prices is even higher.
24 Comments
this month’s CPI report is bullshit as expected. 80% of the data isn’t even being used anymore.
It’s far worse than the report says.
“Shut up and enjoy your crumbs”
[removed]
‘Fake spike’
Lol, *spikes* 2.7%? The editor doesn’t know how to read a report. The 2.7% is a 12-mo figure (i.e. how much did CPI rise in the last 12 months), and it *dropped* from 3.0% in November.
Terrible headline.
——–
EDIT: Neither of the authors have economic credentials. Makes sense.
>“Much of this success has been accomplished by **tariffs, my favorite word, tariffs**, which for many decades have been used successfully by other countries against us, but not anymore,” he said.
Who talks like that? He’s such a fucking imbecile.
Am I missing something? 2.7% annualized inflation is pretty tame. The real story here is whether or not we believe the numbers.
“Well, who you gonna believe, me or your own eyes?”
-Trump 2025 probably
A more economical headline: “Reality persists despite Trump bluster”
He claims something that’s obviously bullshit? Must be a day that ends in Y.
Trump keeps tweeting ‘prices are down’ and inflation is slower than last year… but official CPI still shows prices are up 2.7% compared with a year ago, meaning things are still more expensive than before. Official data x tweet energy
nflation measures overall price change. one person saying ‘prices are down’ doesnt override national stats… even if that person used to be president.
And yet the priority is going after trans people
According to the NYT, 2.7% inflation is absolutely a drop from last year, and surprised a lot of people. Not that I’m defending Trump’s economic ruling, but 2.7 “rise” is actually a drop because it always rises, but 2.7% is a very slow rate.
My impression is that inflation is the way the government wants to tackle the debt. It will affect Americans, but there is no alternative, they can’t raise taxes if the wealthiest?!!
That’s why Trump doesn’t want the Fed to be independent. The 2% rule prevents him from increasing inflation.
Vibes based economy
Wait?!?! Trump lied?!?!?!
Yeah, yeah, wages are stagnant, inflation is out of control, education and health is unaffordable and young people will never own a home, but have you seen how well Nvidia is doing?!
that’s not even the full picture… core inflation (minus food and energy) actually cooled a bit. still, 2.7 percent is real money out of peoples pockets, no matter who’s in office
Spikes? Anything below 3% is considered great. What world do you guys live in? The Fed’s goal for 50+ years was to keep inflation under 3% This is meeting that goal
This is how gaslighting works.
Dow up 250pt despite the lack of data.
Make it make sense everyone!
Considering that gas prices are down, the inflation for non-gas prices is even higher.
despite his LIES that ‘prices are down’