Juggernaut Update

[Zam-Zam]

Confirming what you already likely know:

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

The Consumer Price Index (CPI) showed prices rose 0.4% over the previous month and 3.2% over the prior year in February, more than forecast and an acceleration from January's 0.3% monthly increase and 3.1% annual gain. This marked the largest monthly increase since September.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year.

Both measures were higher than economist expectations of a 0.3% monthly increase and a 3.7% annual gain.



Complete text: Consumer prices rise more than forecast as inflation pressures persist (yahoo.com)

 

[sensible don]

This makes the right wing cultists so very, very happy ! Your messiah asked for a recession, is he going to get it ? Ehhh, probably not but this does bring a smile to your faces doesn't it. Now when he cuts your govt tit benefits will you still be smiling and clapping ?


.1% - OM MY FVCKING GAWD THE HORROR OF IT ALL !

 

[RickWA]

Confirming what you already likely know:

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

The Consumer Price Index (CPI) showed prices rose 0.4% over the previous month and 3.2% over the prior year in February, more than forecast and an acceleration from January's 0.3% monthly increase and 3.1% annual gain. This marked the largest monthly increase since September.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year.

Both measures were higher than economist expectations of a 0.3% monthly increase and a 3.7% annual gain.



Complete text: Consumer prices rise more than forecast as inflation pressures persist (yahoo.com)

As you can see, the marginally literate PJ leftists…all too eager to selectively trumpet exclusively positive stats…will downplay and whitewash all negative indicators (and reflexively invoke “Trump” in ALL threads having nothing at all to do with him).

#theunderachievingdregsofhumanity

 

[Zam-Zam]

As you can see, the marginally literate PJ leftists…all too eager to selectively trumpet exclusively positive stats…will downplay and whitewash all negative indicators (and reflexively invoke “Trump” in ALL threads having nothing at all to do with him).

#theunderachievingdregsofhumanity

People are hurting for sure.

That's just not good.

 

[Bugsy McGurk]

As you can see, the marginally literate PJ leftists…all too eager to selectively trumpet exclusively positive stats…will downplay and whitewash all negative indicators (and reflexively invoke “Trump” in ALL threads having nothing at all to do with him).

#theunderachievingdregsofhumanity

It gets old watching you Trump cultists blame the global inflation on Biden. It’s repetitive idiocy. Boring.

 

[Spamature]

Confirming what you already likely know:

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

The Consumer Price Index (CPI) showed prices rose 0.4% over the previous month and 3.2% over the prior year in February, more than forecast and an acceleration from January's 0.3% monthly increase and 3.1% annual gain. This marked the largest monthly increase since September.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year.

Both measures were higher than economist expectations of a 0.3% monthly increase and a 3.7% annual gain.



Complete text: Consumer prices rise more than forecast as inflation pressures persist (yahoo.com)

Yeah, but...

Barron's
Hourly Wage Gains Are Still Outpacing Inflation
Along with the consumer price index, the Bureau of Labor Statistics also released data on inflation-adjusted wage growth for January.
.
1 month ago

 

[Zam-Zam]

Yeah, but...
Barron's
Hourly Wage Gains Are Still Outpacing Inflation
Along with the consumer price index, the Bureau of Labor Statistics also released data on inflation-adjusted wage growth for January.
.
1 month ago

How would that benefit someone living on a fixed income?

 

[Raoul_Luke]

Yeah, but...
Barron's
Hourly Wage Gains Are Still Outpacing Inflation
Along with the consumer price index, the Bureau of Labor Statistics also released data on inflation-adjusted wage growth for January.
.
1 month ago

Yeah, you know why? Because the liar department, I mean the labor department "estimated" that hours worked declined and, voila, wage increase!!!

 

[Spamature]

How would that benefit someone living on a fixed income?

For one thing, inflation reduction is a straight continuous line down.
It always fluctuates.

Additionally, people on fixed income have seen increases as well.

Cost-of-Living Adjustment (COLA) Information | SSA

Cost-of-Living Adjustment (COLA) Information

www.ssa.gov

Veterans benefits increase 3.2% in 2024

www.dav.org

Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment - Federal News Network

Starting in January, CSRS retirees will receive the full 2024 COLA adjustment of 3.2%, while FERS retirees will see a 2.2% adjustment added to their Social Security checks.

federalnewsnetwork.com

 

[EatTheRich]

How would that benefit someone living on a fixed income?

Good point. We should have automatic cost of living adjustments for pensions and entitlements to keep the incomes of those who depend on them ahead of inflation.

 

[Zam-Zam]

For one thing, inflation reduction is a straight continuous line down.
It always fluctuates.

Additionally, people on fixed income have seen increases as well.

Cost-of-Living Adjustment (COLA) Information | SSA

Cost-of-Living Adjustment (COLA) Information

www.ssa.gov

Veterans benefits increase 3.2% in 2024

www.dav.org

Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment - Federal News Network

Starting in January, CSRS retirees will receive the full 2024 COLA adjustment of 3.2%, while FERS retirees will see a 2.2% adjustment added to their Social Security checks.

federalnewsnetwork.com

Wow. That's some happy spin.

Meanwhile, inflation is raging and people are hurting.

 

[Spamature]

Wow. That's some happy spin.

Meanwhile, inflation is raging and people are hurting.

Congressional GOPers need to step up with increases for folks on a fixed income, like the Dems did when they held the House. Sadly for America, it's all about Trump, the people be damned. They have done nothing about fixed income or the homeless with no incomes. Yet here you are proving that hypocrisy runs from the top to the base.

All complaints, no solutions.

 

[Spamature]

Yeah, you know why? Because the liar department, I mean the labor department "estimated" that hours worked declined and, voila, wage increase!!!

Funny, the link says just the opposite happens when hours decline.

On a weekly basis, however, earnings fell 0.3% in January, largely thanks to a decrease in the average work week. The shorter work week also resulted in real wages falling by 0.1% on a yearly basis last month.


Who should I believe, Baron's or something that sounds like the shite those Putin Puffers over at ZeroHedge pulled out of their rear ends ?

 

[Zam-Zam]

Congressional GOPers need to step up with increases for folks on a fixed income, like the Dems did when they held the House. Sadly for America, it's all about Trump, the people be damned. They have done nothing about fixed income or the homeless with no incomes. Yet here you are proving that hypocrisy runs from the top to the base.

All complaints, no solutions.

Really? How would you lower inflation?

My first step would be to try t do something different than what we have been doing the past three years. That clearly has resulted in abject failure.

 

[Spamature]

Really? How would you lower inflation?

My first step would be to try t do something different than what we have been doing the past three years. That clearly has resulted in abject failure.

The last 3 years have seen the US have the best outcome in the world when it comes to the economy. It is better than Trump's economy pre- and post-covid.

It doesn't it. It helps to deflect the harm inflation brings to people on a fixed income. You know, the people you pretend to care about and then slip your mind as soon as you can't use them in a smear on the party and leaders that do the actual work of governing. Biden has lowered inflation faster than anyone before him, and he did it while gaining jobs and expanding the economy. Which is something no one has ever done.

In the meantime, what have whining, complaining, carping, GOPers done to fight inflation ? Please tell me, but you can't, because they haven't done jack. It's been Biden who lead the country and the completely useless right wing complainers through the worst of it.

Deplorable !

 

[Raoul_Luke]

Funny, the link says just the opposite happens when hours decline.

On a weekly basis, however, earnings fell 0.3% in January, largely thanks to a decrease in the average work week. The shorter work week also resulted in real wages falling by 0.1% on a yearly basis last month.


Who should I believe, Baron's or something that sounds like the shite those Putin Puffers over at ZeroHedge pulled out of their rear ends ?

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

.. for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month | ZeroHedge

 

[Spamature]

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

.. for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month | ZeroHedge

That is like claiming inflation didn't happen because cost of production didn't rise, instead a company decided it could just simply make more profit by increasing prices temporarily this month, even though in general prices on the average are rising.

 

[Jack4freedom]

As you can see, the marginally literate PJ leftists…all too eager to selectively trumpet exclusively positive stats…will downplay and whitewash all negative indicators (and reflexively invoke “Trump” in ALL threads having nothing at all to do with him).

#theunderachievingdregsofhumanity

And vice versa…..Go figure!

 

[Jack4freedom]

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

.. for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month | ZeroHedge

Zerohedge…..Zero credibility QANON site….Atta boy Ralphie!

 

[protectionist]

Confirming what you already likely know:

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

The Consumer Price Index (CPI) showed prices rose 0.4% over the previous month and 3.2% over the prior year in February, more than forecast and an acceleration from January's 0.3% monthly increase and 3.1% annual gain. This marked the largest monthly increase since September.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year.

Both measures were higher than economist expectations of a 0.3% monthly increase and a 3.7% annual gain.

Complete text: Consumer prices rise more than forecast as inflation pressures persist (yahoo.com)

Odd how consumer price inflation counts strip out food, gas and housing rents, arguably the top 3 most important commodities, and those with the highest inflation.