The year-over-year change in more durable (“sticky”) components of consumer prices increased in yesterday’s report, from 5.4% in June to 5.6% in July. The June core PCE released 2 weeks ago also came in hotter than expectations. Just FYI. Trade month-to-month noise if you wish. https://t.co/Hb7ayCXQ0Ipic.twitter.com/F86VNKbOpi
CPI went up more in July 2022 than in any month on 4 decades.
Groceries ditto.
This is positive news?
From your earlier post: “The price of consumer goods and services was steady in July from the previous month, as the Labor Department said Wednesday. In July, the inflation rate compared to a year ago was 8.5%, lower than 9.1% in June, a 41-year record, helped by lower prices in energy.”
CPI went up more in July 2022 than in any month on 4 decades.
Groceries ditto.
This is positive news?
From your earlier post: “The price of consumer goods and services was steady in July from the previous month, as the Labor Department said Wednesday. In July, the inflation rate compared to a year ago was 8.5%, lower than 9.1% in June, a 41-year record, helped by lower prices in energy.”
Yes, I consider that to be positive news.
Inflation of 8.5% from July 2021 to July 2022 is positive news?
The price of groceries up more in July 2022 than any month in over 40 years is good news?
From your earlier post: “The price of consumer goods and services was steady in July from the previous month, as the Labor Department said Wednesday. In July, the inflation rate compared to a year ago was 8.5%, lower than 9.1% in June, a 41-year record, helped by lower prices in energy.”
Yes, I consider that to be positive news.
Inflation of 8.5% from July 2021 to July 2022 is positive news?
The price of groceries up more in July 2022 than any month in over 40 years is good news?
From your earlier post: “The price of consumer goods and services was steady in July from the previous month, as the Labor Department said Wednesday. In July, the inflation rate compared to a year ago was 8.5%, lower than 9.1% in June, a 41-year record, helped by lower prices in energy.”
Yes, I consider that to be positive news.
Inflation of 8.5% from July 2021 to July 2022 is positive news?
The price of groceries up more in July 2022 than any month in over 40 years is good news?
I made very clear what I considered to be good news. Try to keep up.
“We’re having another moment where the market is not listening to central banks. Marginally, investors are very reluctant to sell anything and want to buy."