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What does this mean?
by 111111IIIIIII 3y ago
What does this mean?
- hartator 3y agoInflation was expected to go down not up.
- yellowstuff 3y agoNo, the consensus estimate was a .3% rise, so a .2% rise is lower than expected by Wall Street analysts. You may be confusing rate vs level.
- esc861 3y agoThis report is actually better than expected: https://www.cnbc.com/2023/07/12/inflation-rose-just-0point2percent-in-june-less-than-expected-as-consumers-get-a-break-from-price-increases.html https://www.cnbc.com/2023/07/12/inflation-rose-just-0point2p...
- tekla 3y agoIt did go down.
- jussij 3y agoThis column found on that page indicates inflation has gone down: Un-adjusted 12-mos. ended Jun. 2023 3.0% I'm pretty sure the last reported USA annual inflation figure was 4%.
- ilikehurdles 3y agoIt did go down. You’re confusing disinflation with deflation.
- lvh 3y agoIf you are referring to "shelter up": "shelter" is one of the elements of the index. It refers mostly to the cost of housing. So, rent's up.
- bongobingo1 3y agoI don't think rent has gone down in my 35 years of breathing...
- capableweb 3y agoRight after lockdown COVID restrictions got slightly lifted from the full-scale lockdown in a European country, the prices slightly dropped for some months, only to start raising again (and this month is all-time record for raises).
- quickthrower2 3y agoIt did temporarily in Sydney in 2020/2021, but back to normal now
- tekla 3y agoI seem to recall an event in 2020 where rent in NYC of all places drastically dropped.
- 111111IIIIIII 3y agoBingo! Let's just do that again...
- rescripting 3y agoHere is what I don't understand. Interest rates keep going up so mortgages keep going up so rents keep going up (this is more pronounced in places that have shorter mortgage terms like Canada). Then we bemoan inflation in housing?
- ilikehurdles 3y agoThe general public bemoans inflation in everything all the time. I’ve been hearing about the overpriced real estate market and the upcoming bubble burst since 2013.
- adfgadfhion 3y ago
- mandelbrotwurst 3y agoI would suggest reading the summary of the news release and checking back in after that with any remaining, more specific questions.
- AndrewKemendo 3y agoThe Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment
- giantg2 3y agoHopefully the 12 month is will stay below 4% so I won't get as big of a paycut this year.
- jussij 3y agoThe page says the monthly USA CPI came in at 0.2% which is quite low as if that trend continues, it will equate to a 2.4% annual inflation number. The 'Shelter up' in the comment refers to this statement found in the report: The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase That means rents are still going up and they also account for the largest rise in monthly inflation.
- boringuser2 3y agoI have been holding that housing will never decrease in price since the big COVID spike, and it seems to be playing out.