US Inflation Rate

[Garpal Gumnut]

CPI figures out in the USA overnight were somewhat benign.
They came in below most of the pundits exprctations, with both goods and services inflation falling.
The question is , will the tariff tit for tat wars ruin the chance of killing off inflation?
Mick

Much as I hate to admit it, this is going Trump's way, especially gasoline.

gg

 

[mullokintyre]

CPI figures out today actually show a fall in inflation for the US.
Services inflation falling big time, goods inflation flat.
Energy Prices hasve fallen significantly which has been one of the drivers.
Should give Powell every reason to cut rates again.
mick

 

[Knobby22]

CPI figures out today actually show a fall in inflation for the US.
Services inflation falling big time, goods inflation flat.
Energy Prices hasve fallen significantly which has been one of the drivers.
Should give Powell every reason to cut rates again.
mick
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Yes copying from Mordekei on Chimes in exile.

And the commentators cheered the lower US inflation figures yesterday but forgot to look at the detail.

It was down because:

Airflights - because their tourism industry has collapsed

Petrol - because the oil price has collapsed due to demand reduction

Basically all non discretionary items were up and the discretionary items were down.

 

[qldfrog]

Yes copying from Mordekei on Chimes in exile.

And the commentators cheered the lower US inflation figures yesterday but forgot to look at the detail.

It was down because:

Airflights - because their tourism industry has collapsed

Petrol - because the oil price has collapsed due to demand reduction

Basically all non discretionary items were up and the discretionary items were down.

Anyone remotely economically aware knows that US tariff will bring inflation , and that strong inflation is needed to smash the debt in the US.
Read my various posts on my view on how this is expected to work
Does not mean it will but:
Tariffs for tax money, high inflation for debt reduction, illegal immigration reversed for full employment
Low inflation will only be temporary imho.

 

[Knobby22]

Anyone remotely economically aware knows that US tariff will bring inflation , and that strong inflation is needed to smash the debt in the US.
Read my various posts on my view on how this is expected to work
Does not mean it will but:
Tariffs for tax money, high inflation for debt reduction, illegal immigration reversed for full employment
Low inflation will only be temporary imho.

I have less faith that they know what they are doing.
There will be stagflation.

 

[farmerge]

Yes copying from Mordekei on Chimes in exile.

And the commentators cheered the lower US inflation figures yesterday but forgot to look at the detail.

It was down because:

Airflights - because their tourism industry has collapsed

Petrol - because the oil price has collapsed due to demand reduction

Basically all non discretionary items were up and the discretionary items were down.

and just perhaps the US populace may start to wake up to the fact that are/will be screwed as time draws on.
Will a vast majority be paupers in their own country by year's end??

 

[divs4ever]

and just perhaps the US populace may start to wake up to the fact that are/will be screwed as time draws on.
Will a vast majority be paupers in their own country by year's end??

they were always screwed maybe way back to the second Obama term , it was only a question of when they would wake up they were already in 'poverty ' ( because of heavy personal debt ) AND they were the majority not an oddity .

 

[mullokintyre]

deflationary influences still being recorded.
Producer prices fell by the biggest margin since the covid shutdown.
Perhaps the tariffs will restore their upward trend.
Mick