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progree

(12,947 posts)

24. Yes, and in August it will be "stuck at (whatever) percent after surging by (whatever) pct in July"

Reply to mathematic (Reply #23)

Wed Jul 12, 2023, 02:58 PM

Jul 2023

The wild card will be energy as is often the case. In June it was +0.6%, after being +0.6% in April and MINUS 3.6% in May.

https://www.bls.gov/news.release/cpi.t01.htm

Shelter, which consists of rent and owner's equivalent of rent, is still kinda high at +0.4% in June (all numbers in this post are month over month). It's something that's supposed to help us in the coming months (although I've been hearing some variant or another of that since September). And since its about 40% of core inflation, that would be nice to bring that number down.

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Highlight:

Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases [View all] BumRushDaShow Jul 2023 OP

Won't stop Powell and Co from killing jobs 617Blue Jul 2023 #1

tHANK YOU jOE! James48 Jul 2023 #2

Let me know when prices return to "pre-gouging" levels intrepidity Jul 2023 #3

Wage increases are real and SHOULD remain. Happy Hoosier Jul 2023 #29

3.0% year over year Johnny2X2X Jul 2023 #4

I blame Joe Biden. He's an evil genius. Or a doddering old fool. I get confused. Ray Bruns Jul 2023 #5

I'm hoping their attacks on his age will backfire badly with elderly voters IronLionZion Jul 2023 #9

bIDen Is kIlLiNG iNflAtIOn!!! IronLionZion Jul 2023 #6

Should someone inform Walmart? /nt bucolic_frolic Jul 2023 #7

and in general the economic numbers are great, but because of the negative messaging pushed JohnSJ Jul 2023 #8

"It is just crazy how stupid the American public as a whole is." BumRushDaShow Jul 2023 #10

I would like to believe your assessment is correct. JohnSJ Jul 2023 #11

As we know BumRushDaShow Jul 2023 #13

+++ JohnSJ Jul 2023 #17

Inflation has slowed but the damage remains. Ace Rothstein Jul 2023 #14

Graphs (the Core CPI finally edges down on a rolling 3 month basis) progree Jul 2023 #12

Thanks! BumRushDaShow Jul 2023 #16

😂 😊 😁 progree Jul 2023 #18

Well you have been closely following the trends BumRushDaShow Jul 2023 #19

Corporations edhopper Jul 2023 #15

We're at 3% now and that's about how it's going to stay for a while mathematic Jul 2023 #20

Regular CPI: July 2022: +0.0%, August 2022: +0.2%, Sept: +0.4%, Oct: +0.5% progree Jul 2023 #22

The comps aren't as bad as I thought. mathematic Jul 2023 #23

Yes, and in August it will be "stuck at (whatever) percent after surging by (whatever) pct in July" progree Jul 2023 #24

Biden's really not playing fair now Johnny2X2X Jul 2023 #21

Had Powell and the Fed done nothing, inflation would have self-corrected Deminpenn Jul 2023 #25

Thank you Dark Brandon Yo_Mama_Been_Loggin Jul 2023 #26

Since January 2021, stock market total return: +17.19%, But consumer prices up 15.91% progree Jul 2023 #27

"I couldn't figure out how to draw a straight line on the graph at IMGUR or the Windows Snip Tool." BumRushDaShow Jul 2023 #28