This is a tough report to swallow. Shelter up .4 and food up .7, while recreation saw it’s highest increase ever (going back to 1993) increasing a resounding 1.2.
But somehow that all results in .3 in aggregate thanks to 1.1% decrease in used cars and trucks, along with a massive 1.9% decrease for “communications.”
This breakdown helps explain why people are feeling inflation at a higher rate than is being reported in the aggregate.
HumanRobotMan on
I no longer trust any information provided to me by the government under Trump. The guy thinks he can move a hurricane by scribbling with a sharpie. He keeps telling all of us not to believe the mountain of clear video evidence around Johnathan Ross murdering Renee Good. His team photoshopped gang tattoos onto pictures of Gabriel Garcia. Trump fired the people responsible for unemployment statistics and replaced them with sycophants. He has likely already done so with CPI as well.
It doesn’t feel like inflation is higher than reported because of some nuanced calculations. It feels like inflation is higher than reported because it is and we are being lied to.
TheVenetianMask on
Inflation has been above the 2% target since February 2021, that’s five years of offset compounding every month. Have they given up on that number for the time being, or are they still thinking of correcting and going below target at some point in the future?
TheDudeAbidesFarOut on
Honestly, I’m speculating the economy is failing and the Democrats are playing dumb because they don’t wanna end up with the bomb…..
The Republicans should be doing something but they ain’t. They’ll continue to fabricate and distract because they pander to the rich.
ThemeBig6731 on
The Consumer Price Index (CPI) for shelter uses a long-term survey, so it takes time for falling market rents (for new tenants) to show up in the data for existing tenants.
Actual shelter inflation is much lower than reported. Actual market rents for new leases have slowed or declined, but this hasn’t fully impacted the broader CPI measure yet.
That’s interesting, but I just bought two grocery store grade small steaks for 40$. Guess which piece of information I trust to be a better measure of reality.
b_m_hart on
It is lower than expected because they are cooking the numbers. They were already caught doing it before, so it is almost a certainty that they were at least somewhat more careful with this report.
7 Comments
This is a tough report to swallow. Shelter up .4 and food up .7, while recreation saw it’s highest increase ever (going back to 1993) increasing a resounding 1.2.
But somehow that all results in .3 in aggregate thanks to 1.1% decrease in used cars and trucks, along with a massive 1.9% decrease for “communications.”
This breakdown helps explain why people are feeling inflation at a higher rate than is being reported in the aggregate.
I no longer trust any information provided to me by the government under Trump. The guy thinks he can move a hurricane by scribbling with a sharpie. He keeps telling all of us not to believe the mountain of clear video evidence around Johnathan Ross murdering Renee Good. His team photoshopped gang tattoos onto pictures of Gabriel Garcia. Trump fired the people responsible for unemployment statistics and replaced them with sycophants. He has likely already done so with CPI as well.
It doesn’t feel like inflation is higher than reported because of some nuanced calculations. It feels like inflation is higher than reported because it is and we are being lied to.
Inflation has been above the 2% target since February 2021, that’s five years of offset compounding every month. Have they given up on that number for the time being, or are they still thinking of correcting and going below target at some point in the future?
Honestly, I’m speculating the economy is failing and the Democrats are playing dumb because they don’t wanna end up with the bomb…..
The Republicans should be doing something but they ain’t. They’ll continue to fabricate and distract because they pander to the rich.
The Consumer Price Index (CPI) for shelter uses a long-term survey, so it takes time for falling market rents (for new tenants) to show up in the data for existing tenants.
Actual shelter inflation is much lower than reported. Actual market rents for new leases have slowed or declined, but this hasn’t fully impacted the broader CPI measure yet.
https://www.nber.org/digest/202510/understanding-lag-between-cpi-shelter-inflation-and-market-rents?page=1&perPage=50
That’s interesting, but I just bought two grocery store grade small steaks for 40$. Guess which piece of information I trust to be a better measure of reality.
It is lower than expected because they are cooking the numbers. They were already caught doing it before, so it is almost a certainty that they were at least somewhat more careful with this report.