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In reply to the discussion: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries [View all]
SunSeeker
(57,178 posts)23. For one thing, it claims grocery prices are down. Total and utter bullshit.
I buy groceries twice a week. I know. Sure, eggs are down from their bird flu peak, but everything else is way up: coffee, bread, and especially meat.
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Consumer prices rise 2.7% annually in July, less than expected amid tariff worries [View all]
BumRushDaShow
Aug 2025
OP
Right. Three month trend except for one outlier month. And the incrementation is growing, not receding. NT
Mike 03
Aug 2025
#6
They must not be measuring groceries. Looks like BLS has already been Trumpified.
SunSeeker
Aug 2025
#7
I guess the Fed will cut rates next month, but I do believe we'll hear some really
Mike 03
Aug 2025
#9
more specifically, it's claiming the rate at which grocery prices are rising is down
cadoman
Aug 2025
#55
Nope. "rise 2.7 pc" is not steady. If they rose 0 pcent + or - a tad, that would be steady. . . nt
Bernardo de La Paz
Aug 2025
#75
There is a difference between "steady" and the Reserves "dual mandate"
Bernardo de La Paz
Aug 2025
#86
When the average American sees the words "less than expected," they think prices aren't rising much.
SunSeeker
Aug 2025
#80
Well, then, the average American should acquire the habit of reading what is actually printed
Bernardo de La Paz
Aug 2025
#85
I wish you had gone with a different source, that CNBC headline is misleading.
SunSeeker
Aug 2025
#42
CNBC has been pretty good with their headlines and usually doesn't spin them
BumRushDaShow
Aug 2025
#54
No. BLS still run by professionals. I won't trust BLS after tRump gets his toadie installed, but we're not there yet. nt
Bernardo de La Paz
Aug 2025
#33
No. Doubt you can present credible links as evidence. Reflexive cynicism clouds judgement. . . . nt
Bernardo de La Paz
Aug 2025
#39
That's not evidence. Economists as a profession made big changes to GDP in 80s and 90s.
Bernardo de La Paz
Aug 2025
#44
If the numbers are supposedly so bad, why didn't Clinton, Obama and Biden fix the system? Bc they are not so bad. . . nt
Bernardo de La Paz
Aug 2025
#63
If you let AI do your thinking for you, no wonder you endorse fringe theories. . . . . nt
Bernardo de La Paz
Aug 2025
#64
Trump and bush caused tens of millions to leave the labor market after abandoning looking for a job
CNYHarris
Aug 2025
#62
The numbers are garbage pure and simple. You do yourself no good by trying to defend
Wiz Imp
Aug 2025
#67
Let's not be so hasty. The guy has definitive proof on the location of Atlantis.
mahatmakanejeeves
Aug 2025
#61
He's also a grifter - I remember once tracking down one of his claims, I think on the "real" unemployment rate
progree
Aug 2025
#65
They have an open book on how they compute the numbers and economists routinely double-check them
Bernardo de La Paz
Aug 2025
#70
The entire economy WAS revolving around US in trade. After tariff war, countries like Canada are looking elsewhere. . nt
Bernardo de La Paz
Aug 2025
#32
No it was not. US trade dwarfs other countries. Plus trade includes services, not just manufacturing. . . . nt
Bernardo de La Paz
Aug 2025
#37
Land does not trade, people do. Lots of area in small countries. Look at the big economies. Russia is declining.
Bernardo de La Paz
Aug 2025
#52
Yeah. All the small countries. That does not prove your point. . . . . nt
Bernardo de La Paz
Aug 2025
#50
Fed focuses on the core. It's up 3.1 pc yr on yr. That should be the headline. 3.1 percent is not "inflation is tamed".n
Bernardo de La Paz
Aug 2025
#31
That's why BLS does massive survey & real calculations. A single item is not significant even if it rose 100 pct. . nt
Bernardo de La Paz
Aug 2025
#76
I expect the August report (which comes out September 11) will be very interesting
progree
Aug 2025
#81