2021 - Is inflation finally back in the conversation?

[B00M 6734]

From the CPI report, can anyone make sense of this? Is that a 34% YoY drop in the cost of health insurance? Where can I sign up??
 

 

and does the relative importance suggest that health insurance only consumes half a percent of my income? sorry if these are dumb questions 

Edited November 15, 2023 by B00M

[StassneyHorn 6775]

Help! 52-80 just murdered me by asking what the C in CPI refers to and which one PPI does? No gray space involved

[StassneyHorn 6775]

14 minutes ago, B00M said:

From the CPI report, can anyone make sense of this? Is that a 34% YoY drop in the cost of health insurance? Where can I sign up??
 

 

and does the relative importance suggest that health insurance only consumes half a percent of my income? sorry if these are dumb questions 

Here’s a less kooky version of bernorange’s link, that is displayed in google results above his, when asking the question.

https://www.marketplace.org/2023/11/13/how-are-health-insurance-costs-reflected-in-inflation-calculations/

[jimmyjazz 47205]

LMAO at the gloom over good news that is entirely predictable around here.  Never change, surly.

[B00M 6734]

24 minutes ago, jimmyjazz said:

LMAO at the gloom over good news that is entirely predictable around here.  Never change, surly.

Sorry for asking a CPI related question in the *checks notes* inflation thread. That number sticks out in the report and I’ve yet to find an explanation for it that makes sense to my smooth brain. Maybe you can help? 

[jimmyjazz 47205]

4 minutes ago, B00M said:

Sorry for asking a CPI related question in the *checks notes* inflation thread. That number sticks out in the report and I’ve yet to find an explanation for it that makes sense to my smooth brain. Maybe you can help? 

I wasn't referring to your post, and didn't quote you.

[Trey3216 15452]

1 hour ago, B00M said:

From the CPI report, can anyone make sense of this? Is that a 34% YoY drop in the cost of health insurance? Where can I sign up??
 

 

and does the relative importance suggest that health insurance only consumes half a percent of my income? sorry if these are dumb questions 

Now that they "figured out how to adjust to COVID", it will have a much larger upward impact on the numbers in the coming months.  Just want you to be prepared for the comrades when they use that as an example of "artificial inflation" and how it's distorting the "real numbers".     

[StassneyHorn 6775]

Yes, cutie did have to happen because comrade is happening. This thread is 99% partisan and their reactions to the data say everything about them. 

[Trey3216 15452]

20 minutes ago, StassneyHorn said:

Yes, cutie did have to happen because comrade is happening. This thread is 99% partisan and their reactions to the data say everything about them. 

It's really not.  It's funny when you come on here and jerk off over numbers that show -34% health insurance costs because of absolute horseshit "muhh muhh cain't figger out hodda cackalate coz COVID" excuses and the continually awesome exclusion of food/fuel/services...which make up 1/4-1/3 of household budget in lower incomes and 73% of the American economy (services).  Awesome fucking data.  

Edited November 15, 2023 by Trey3216

[52-80 19377]

28 minutes ago, BeardIP said:

Why does it have to be this way? Why can't we objectively discuss the data, analysis, and predictive outcomes (of where there can be many) without taking a side and being all petty about it (really, "Cutie"?).

if you accelerate for a long time, above historical rate, and then paused the acceleration, your underlying speed is still high.

that’s quite objective.

makes sense that people who call dudes cuties would find that confusing.

[Captainant 28539]

4 hours ago, 52-80 said:

Because how much Conagra pays Deere for a tractor reflects the price of rent for the studio apartment you share with comradeant 

well it's definitely less than the rent you should be charging me to live in your head lol

 

And yeah, it's a solid tell for when yall are just reverting to your old partisan arguments when you just preemptively start calling anyone who you disagree with a "comrade" or "antifa" lol. Really cutting, witty remarks from the surly IDW as we have come to appreciate

Edited November 15, 2023 by Captainant

[Royalfan5 2384]

4 hours ago, 52-80 said:

Because how much Conagra pays Deere for a tractor reflects the price of rent for the studio apartment you share with comradeant 

Do you think that Conagra is engaged in any production agriculture? 

[52-80 19377]

Inflation is partisan because when grocery shoppers go to the check-out the clerk asks whom they voted and charge the price based on the answer. 

[StassneyHorn 6775]

12 minutes ago, Trey3216 said:

It's really not.  It's funny when you come on here and jerk off over numbers that show -34% health insurance costs because of absolute horseshit "muhh muhh cain't figger out hodda cackalate coz COVID" excuses and the continually awesome exclusion of food/fuel/services...which make up 1/4-1/3 of household budget in lower incomes and 73% of the American economy (services).  Awesome fucking data.  

Did I jerk off over -34% health insurance cost? Or did someone ask and I post a helpful link to someone explaining the number?

[StassneyHorn 6775]

52-80 still running around thinking we are smooth brains that don’t understand disinflation vs deflation is fun. Have at it, princess

[52-80 19377]

3 minutes ago, StassneyHorn said:

52-80 still running around thinking we are smooth brains that don’t understand disinflation vs deflation is fun. Have at it, princess

Inflation is when you thought you had a counterpoint sharing PPI chart. 

Disinflation is when you suspected you might have shared the wrong thing. 

Deflation is when you realized nobody gives a shit about PPI. 

 

[bernorange 8385]

@B00M see my previous post

[StassneyHorn 6775]

55 minutes ago, 52-80 said:

Inflation is when you thought you had a counterpoint sharing PPI chart. 

Disinflation is when you suspected you might have shared the wrong thing. 

Deflation is when you realized nobody gives a shit about PPI. 

 

If you think a producer’s costs going up/down doesn’t affect consumer prices, come out and say it already.

Edited November 15, 2023 by StassneyHorn

[Incredulity 11876]

1 hour ago, StassneyHorn said:

If you think a producer’s costs going up/down doesn’t affect consumer prices, come out and say it already.

Of course they don’t because EvIL CoRpORTIOnS PrICE GoUgE!!!1!1!/captainantifa

[B00M 6734]

3 hours ago, StassneyHorn said:

Yes, cutie did have to happen because comrade is happening. This thread is 99% partisan and their reactions to the data say everything about them. 

I’m pretty sure everyone here other than the cryptoiest of crypto bros wants a stable dollar

[B00M 6734]

4 hours ago, Trey3216 said:

It's really not.  It's funny when you come on here and jerk off over numbers that show -34% health insurance costs because of absolute horseshit "muhh muhh cain't figger out hodda cackalate coz COVID" excuses and the continually awesome exclusion of food/fuel/services...which make up 1/4-1/3 of household budget in lower incomes and 73% of the American economy (services).  Awesome fucking data.  

At this point I’m thankful the fed exists because neither party has any motivation to reduce deficits. These interest rates are a cross check to the face of budget makers. Boy it sure is weird how they won’t even attempt to draft a budget… 

 

4 hours ago, StassneyHorn said:

Did I jerk off over -34% health insurance cost? Or did someone ask and I post a helpful link to someone explaining the number?

I mean, I guess it explains the number but it doesn’t explain the impact it has on the bottom line overall inflation rate. Based on the surly brain trust explanations thus far, I’m to believe this reduced the peak inflation rates of the last couple years but will increase them moving forward. By how much per month?

[Fudge Nuggets 19455]

4 hours ago, 52-80 said:

Inflation is when you thought you had a counterpoint sharing PPI chart. 

Disinflation is when you suspected you might have shared the wrong thing. 

Deflation is when you realized nobody gives a shit about PPI. 

 

You sure do get butthurt a lot anytime there's any semblance of decent news.  Sorry the world hasn't burned down enough for your liking.

Dipshit.

[troph 25227]

[Brisketexan 106899]

So, for those of you who love to shout about BIDENFLATION….how does the US inflation rate compare to other developed economies NOT led by Biden? Like, the UK? The eurozone? Huh. Seems that our inflation rate is lower than both. If you blame Biden for our higher-than-target inflation, don’t you also have to give him credit for our inflation rate that’s better than our chief comparators?

I mean, I know your stupid answer. I just want to hear you say it out loud.

[Bozo_Casanova 26851]

1 minute ago, Brisketexan said:

So, for those of you who love to shout about BIDENFLATION

But those people are morons. Why are you arguing with morons? Because it seems like good bull? If so carry on.

[Brisketexan 106899]

But those people are morons. Why are you arguing with morons? Because it seems like good bull? If so carry on.

Because I like to hear stupid things out loud. For crying out loud, I’ve listened to aggy radio broadcasts.

[StassneyHorn 6775]

Where I come from PPI is a leading indicator of CPI, and along with falling gas prices, I think I’ll be here next month delivering some upsetting news again.

[Bozo_Casanova 26851]

1 hour ago, Brisketexan said:

Because I like to hear stupid things out loud. For crying out loud, I’ve listened to aggy radio broadcasts.

This is kinda like a Dave South deal? Well ok then.

[Bozo_Casanova 26851]

7 hours ago, Trey3216 said:

It's really not.  It's funny when you come on here and jerk off over numbers that show -34% health insurance costs because of absolute horseshit "muhh muhh cain't figger out hodda cackalate coz COVID" excuses and the continually awesome exclusion of food/fuel/services...which make up 1/4-1/3 of household budget in lower incomes and 73% of the American economy (services).  Awesome fucking data.  

Hey I’m more concerned about the weather. What’s the concrete around Camp Mabry up to?

[Upgrayedd 5893]

14 minutes ago, Bozo_Casanova said:

Hey I’m more concerned about the weather. What’s the concrete around Camp Mabry up to?

Anecdotally, general contractors are getting lower pricing in subsequent pricing rounds on same scope.  

[tbone_ 14447]

Seeing this as well. ^

[52-80 19377]

5 hours ago, Brisketexan said:

So, for those of you who love to shout about BIDENFLATION….how does the US inflation rate compare to other developed economies NOT led by Biden? Like, the UK? The eurozone? Huh. Seems that our inflation rate is lower than both. If you blame Biden for our higher-than-target inflation, don’t you also have to give him credit for our inflation rate that’s better than our chief comparators?

I mean, I know your stupid answer. I just want to hear you say it out loud.

 

Economics is broad and multi-causal.  Every participant is a factor.  Implicating a single entity and a single cause is as dumb as biden repeating his slogan of ... "putins price hike"

Outside of the cuckoo clock chirping strictly about corporations' magical unilateral pricing power, the bulk of the thread has been people discussing monetary policy, consumer incentives, and cost contribution from all points along the supply chain. 

Greet the moose out front when ya pass him

[Fudge Nuggets 19455]

I expected a better response after how bad you got dunked on over the last 12 hours or so. 

[52-80 19377]

1 hour ago, Fudge Nuggets said:

I expected a better response after how bad you got dunked on over the last 12 hours or so. 

i'm so sorry you've been feeling left out.

[Captainant 28539]

4 hours ago, 52-80 said:

Outside of the cuckoo clock chirping strictly about corporations' magical unilateral pricing power, the bulk of the thread has been people discussing monetary policy, consumer incentives, and cost contribution from all points along the supply chain. 

There's a difference between prices going up with static margins (inflation) and prices going up with record high profit margins that are measurably around half of the overall inflation we experienced in 2021 (according to those socialists at the Fed). Criticizing bad actors that are abusing a system doesn't mean I want to burn it all down, no matter how much y'all repeat lies and misrepresentations of what I've posted. 

 

There is a measurable and knowable amount of inflation that is driven by profit margin growth - and brother that has had more to do with inflation than cost of materials growth. Turns out cost of materials goes up when suppliers start arbitrarily charging higher margins because they can get away with it for a quarter or two. 

[Bozo_Casanova 26851]

Inflation rising like whoa

 

[Wally Fairway 5675]

7 hours ago, 52-80 said:

Outside of the cuckoo clock chirping strictly about corporations' magical unilateral pricing power, the bulk of the thread has been people discussing monetary policy, consumer incentives, and cost contribution from all points along the supply chain. 

 

You missed name calling, over-dramatization, and butt hurtedness as part of the bulk of this thread
(well in the defense of posters in this thread, it is actually that way in a lot of threads around here (if you include CR in "here" ))

[52-80 19377]

3 hours ago, Captainant said:

There's a difference between prices going up with static margins (inflation) and prices going up with record high profit margins that are measurably around half of the overall inflation we experienced in 2021 (according to those socialists at the Fed). Criticizing bad actors that are abusing a system doesn't mean I want to burn it all down, no matter how much y'all repeat lies and misrepresentations of what I've posted. 

 

There is a measurable and knowable amount of inflation that is driven by profit margin growth - and brother that has had more to do with inflation than cost of materials growth. Turns out cost of materials goes up when suppliers start arbitrarily charging higher margins because they can get away with it for a quarter or two. 

You have zero capacity to burn anything down, let's clear that up first.

The utter banality of your one-track album -- seller greed -- is that profit maximization has been a constant since the first Sumerian demanded the most bushels of wheat from his 1 leg of lamb.  One party in a transaction can't be the first order driver of price change, because one party can't settle the price, and their self-interest does not change over time. 

What does change over time are binary events, like a central bank establishing benchmark rates; a gigantic fucking party (=the gov) using their discretion to distribute massive quantities of money; exogenous shocks like droughts or floods; all of which send large impulses through the system that disturb pricing along its wake.

These things are all far more significant, and more obviously plausible.... than someone arbitrarily charged more today, because they had forgotten to do it yesterday.

 

Or you know, stick with your framework that the Egg guys stopped being able to "get away with it", whereas the Butter guys are still flying under the radar.

 

1 hour ago, Bozo_Casanova said:

Inflation rising like whoa

 

 

[Captainant 28539]

12 minutes ago, 52-80 said:

What does change over time are binary events, like a central bank establishing benchmark rates; a gigantic fucking party (=the gov) using their discretion to distribute massive quantities of money; exogenous shocks like droughts or floods; all of which send large impulses through the system that disturb pricing along its wake.

MFW we agree that trickle down economics and tax cuts to the rich are fueling asset valuation bubbles that underpin our inflation

[52-80 19377]

15 minutes ago, Captainant said:

MFW we agree that trickle down economics and tax cuts to the rich are fueling asset valuation bubbles that underpin our inflation

Stick to the IT forums on reddit. 

[jimmyjazz 47205]

Pardon me for interrupting the cat fight, but the Home Depot earnings call provided some good news:

Home Depot earnings

 

Quote

"[The] most important observation we've made is that the worst of the inflationary environment is behind us," Chief Financial Officer Richard McPhail said on the earnings call. "And as a result, as Billy said, retail prices are settling in the market." [Billy is Billy Bastek, HD's executive vice president of merchandising.]

"Some prices are settling at levels higher than 2022; others are settling lower. But we're seeing some stabilization there," McPhail added. 

 

[Bozo_Casanova 26851]

2 minutes ago, Incredulity said:

and they would have gotten away with it too, without those darn pesky Maoists like Capatinantifa.

The Egg Council got to you too, huh?

Edited November 16, 2023 by Bozo_Casanova

[Incredulity 11876]

Just now, Bozo_Casanova said:

The egg council got to you too, huh?

Big Egg is EVERYWHERE man.... they're calling from inside the house!!!

[Hefeweizen 5444]

[mchookem 16768]

speaking of Big Egg...around here, there is literally a $4.40 difference between pasture-raised certified-humane brown eggs at Safeway (8.99) and Trader Joe's (4.59). i mean wtf is that shit 😡

[Captainant 28539]

12 minutes ago, mchookem said:

speaking of Big Egg...around here, there is literally a $4.40 difference between pasture-raised certified-humane brown eggs at Safeway (8.99) and Trader Joe's (4.59). i mean wtf is that shit 😡

Must be a difference in cost for the product between the two stores, and no markup nonsense whatsoever

[MonkeyDoughnut 10803]

7 hours ago, Bozo_Casanova said:

Inflation rising like whoa

 

Health Insurance -34%?? In what world is that possible since not in the one I'm living in.

Edited November 16, 2023 by MonkeyDoughnut

[Bozo_Casanova 26851]

8 minutes ago, MonkeyDoughnut said:

Health Insurance -34%?? In what world is that possible since not in the one I'm living in.

Maybe your benefits team isn’t great. Is your HR team great at everything else?

[StassneyHorn 6775]

I pay zero for my HDHP and in fact I receive 65 dollars in employer contributions per month into my HSA. My work pays me to have a health insurance plan that will eventually become an investment account

[bernorange 8385]

8 hours ago, Bozo_Casanova said:

Inflation rising like whoa ...

classic Frank Luntz jerking people around.

From the link I posted previously:

Quote

... food prices rose moderately, as some food prices dropped and meat prices jumped, ...

Did Frank represent food prices honestly?  Fuck you, Frank.