7 ms·
Core PPI up 9.6% annualized (0.8% MoM) in May
- hilariously 5mo agoThis is what you get when you elect a mad king. "I love the inflation" - Donald Trump.
- zeroonetwothree 5mo ago[flagged]
- coldpie 5mo ago> It's almost as if the choice between the two parties is no choice at all. Hi, I live in Minneapolis/Saint Paul. You may have heard about what the Republicans in the federal government did here a couple of months ago! The only appropriate response to your sentiment would, rightly, get me banned from this website. Please think before you speak.
- hilariously 5mo agoFor those who just watch fox news we're up to an estimated 700 million dollars of damage, completely aside from the human suffering for no definable reasons. The murders and the justification for murders, the protecting of murderers, and the celebration of convicted murderers in the local MN GOP. https://www.bizjournals.com/twincities/news/2026/06/11/minneapolis-oms-700-million-impact.html https://www.bizjournals.com/twincities/news/2026/06/11/minne... https://www.mprnews.org/story/2026/06/02/floyd-family-attorneys-condemn-moment-silence-held-derek-chauvin-minnesota-gop-convention https://www.mprnews.org/story/2026/06/02/floyd-family-attorn...
- qwerpy 5mo agoMinneapolis does seem to have a penchant for attracting property damage and economic fallout. Last time it was $500 million: https://en.wikipedia.org/wiki/Arson_damage_during_the_George_Floyd_protests_in_Minneapolis%E2%80%93Saint_Paul https://en.wikipedia.org/wiki/Arson_damage_during_the_George... After inflation maybe that one was more expensive!
- hilariously 5mo agoWhat relevance does that have to this discussion of the executive branch causing willful damage? It just sounds like you are trying to say that its either false, misleading, or just a place where that happens so why give a shit. None of those really seem like worthwhile to bring to this discussion.
- hilariously 5mo agoHm, which wars did the last president start? How many war crimes did he happen to do? How many times was he mentioned in the Epstein files? Yep, no difference detected here, unless you have eyes or a brain.
- phainopepla2 5mo agoHe allowed allowed the destruction of Gaza to start, and did nothing to stop it even when it was clear what was happening and it was within his power to do so. Of course, Trump would have been no better on that front. But that brings us back to... The lesser of two evils is still evil
- hilariously 5mo agoSo "there's no difference" becomes "any evil is the same" - that's not how this works.
- wat10000 5mo agoThe lesser of two evils is still lesser.
- JumpCrisscross 5mo ago> Didn't we have even higher inflation under the last president “The index for final demand goods moved up 2.8 percent in May, the largest increase since data were first calculated in December 2009.” Granted, that’s a slice of an index. But it promotes a pattern: we’re heading into a place similar to 2022. Then, because of money printing (at the time blamed on supply-chain disruptions). This time, because of money printing amidst an engineered supply-chain disruption. The takeaway is we’ve had a string of shit-for-brain Presidents since Obama.
- elcritch 5mo agoNot to mention the “largest transfer of wealth” [1] to the ultra rich during covid times. 1: https://resources.finalsite.net/images/v1746565358/d11org/oq8orpqkfwl7tarpokvd/GreatestTransferofWealthinHumanHistoryCausedbyCOVID19Policies.pdf https://resources.finalsite.net/images/v1746565358/d11org/oq...
- BowBun 5mo agoIf you look at recent data[1], this has only accelerated further. This was not attributable to one president. Attempting to point blame for complex economic systems to one person is so foolish I don't even know where to start picking it apart. Look at the actual legislation and actions by which this happens. This is done through tariff manipulation, regulatory capture, and insider trading which we literally have weekly evidence of. [1] https://www.oxfam.org.uk/get-involved/campaign-with-oxfam/fight-inequality/oxfams-global-inequality-report/ https://www.oxfam.org.uk/get-involved/campaign-with-oxfam/fi...
- suzdude 5mo agoOne president had inflation due to the prior administration building and M2 bomb and a foreign country causing an energy crisis. The current president the one causing the energy crisis, building another M2 bomb, and raising prices for consumer goods via taxes.
- timacles 5mo agoI dont anyone who doesn’t know that the Biden inflation is a result from COVID money printing.
- piva00 5mo agoYou are leaving out there was a global epidemic happening at the time, it's easier to see the logic of a global crisis which shutdown the global economy creating inflationary pressure from both supply economics, and mitigations taken by governments to keep money circulating (as much as we can disagree if it was the correct measure, it's understandable). What is understandable about the current causes of inflation?
- gortok 5mo agoWe are not at a point as a country to have a serious discussion about governance. The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now. This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will continue to have this situation where half the country blames the half not in power for decisions it is making. Congress of course is somehow worse, as instead of treating the executive like a branch of government they are meant to have oversight of, they abdicate their oversight role and roll over to the wishes of the present administration. The net effect is those of us that live paycheck to paycheck (which is 2/3rds of Americans) are caught in the middle of a situation that would be deemed fantastical and not realistic to write about if it was described in a dystopian novel. The Iran war continues with no oversight from Congress, and no authorized war while we pay the price. Vote them all out.
- catigula 5mo agoThe problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.
- triceratops 5mo ago> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D
- avaer 5mo agoSince many people reading this probably don't know: voting is not the only, or even the original form of democracy. Representatives in ancient democracies were selected by sortition, which is based on statistics, not popularity or money.
- triceratops 5mo ago
- duskdozer 5mo agoSo, how many are getting paycuts this year? Things aren't/haven't ever been suited for me to be a job hopper, and as always that seems to be the only way to have your salary meaningfully keep up with inflation.
- justonepost2 5mo agoCan't wait for AI to bring the prices of all goods to near zero :)
- steveBK123 5mo agoThis is what worries me about the AI productivity boom vs previous tech/industrial productivity booms.. We've already made most consumer goods cheap. The goods/services that are more inflation tied - food, transport, medicine, housing, and education.. are those tethered tied to physical world where costs are driven by energy, regulatory issues, and skilled domestic labor.
- schnitzelstoat 5mo agoUnless it brings the price of labour to near zero.
- 3askhg 5mo agoUntil the press and the public do not examine the real long term strategies of the US establishment, this won't change. All you hear is reporting about Trump's daily contradictory statements, "leaks" in Axios that peace in Iran is imminent, then 40 tomahawk missiles. Next are probably fake peace talks again. Until the press grasps that the US establishment wants a protracted forever war that hurts the EU, Japan, and India, no change will occur. The US wants to force investment of these countries in building valuable industrial infrastructure in the US and shake them down with high US energy imports. The US population is suffering collateral damage. The billionaires are willing to take that sacrifice.
- JumpCrisscross 5mo ago> the US establishment wants a protracted forever war that hurts the EU, Japan, and India, no change will occur This presumes way more competence at the top than we’ve got. > US wants to force investment of these countries in building valuable industrial infrastructure in the US and shake them down with high US energy imports Americans want lots of things. Current policy isn’t promoting those interests. Currently, the war in Iran is causing long-term demand destruction for the sort of energy products America exports among our allies.
- w3qkjh 5mo ago> This presumes way more competence at the top than we’ve got. That is the intended perception because the public figures are imbeciles. The people in the background are highly competent and controlling energy flows to US "allies" has been a priority issue since Reagan blew up a Soviet pipeline to Germany. Or make the starting point the Suez Crisis when the US unseated Britain in the Middle East and took over.
- JumpCrisscross 5mo ago> people in the background are highly competent and controlling energy flows to US "allies" What’s your evidence? Because nothing done recently has supported American hegemony, even among our allies. Many of whom yes, are buying a bit more from us energywise, but a lot more from others all while accelerating decarbonisarion. It’s always nice to think someone is in charge. The truth is modern societies are too complex to control in this cartoonish manner for any meaningful durations. People who convince themselves it is and wind up in power demonstrate the folly of that worldview repeatedly.
- alberth 5mo agoCPI vs PPI, in case you’re curious like me … CPI tracks retail costs and the cost of living, whereas PPI tracks wholesale costs. As such, PPI acts as an early indicator of future consumer inflation.
- JumpCrisscross 5mo agoMore precisely, CPI tracks what you buy. Even if it’s imported. PPI tracks what’s produced here, even if for export. There is a fun Canadian paper on how they started intensely decoupling after 2001, alongside the rise of global multi-step supply chains [1]. [1] https://www.econstor.eu/bitstream/10419/261258/1/swp2022-05.pdf https://www.econstor.eu/bitstream/10419/261258/1/swp2022-05....
- sph 5mo agoEven more precisely, CPI tracks what someone has decided the average person would buy, and its basket of products is often tweaked to present more palatable numbers; it makes comparison of prices and inflation across years pretty much impossible. The real inflation value a person experiences is often much greater than the cooked CPI figures.
- JumpCrisscross 5mo ago> its basket of products is often tweaked to present more palatable numbers This is a common conspiracy with scant evidence. The tweaks go in multiple directions and are better explained by the decoupling of PPI and CPI (due to longer and more-international supply chains) than conspiracy. > it makes comparison of prices and inflation across years pretty much impossible You can decompile the underlying statistics. Enterprises hire in-house economists to do this regularly. For consumers, I'd say this is pretty selly, as is relying on nonsense like ShadowStats. Comparing value across long periods of time is almost fundamentally a fool's errand. What's an iPhone worth to someone in 1950? Between zero and a commanding fraction of global GDP.
- calvinmorrison 5mo agothough I am seeing ( work with distributors ) a lot less reluctance to raise prices or adjust. It took a while but many of my customers can now more easily reprice their catalog and customers getting used to it, so maybe its less of a lag as before
- revel 5mo agoAwful news for everybody, particularly those in speculative tech jobs. We may well look back at the attack on Iran as the American tipping point that caused the same kind of financial stagnation as Brexit caused for the UK.
- schnitzelstoat 5mo agoIt's crazy that now the main goal of the war is to open a strait that was already open before the war.
- Henchman21 5mo agoThe main goal was to destroy the US. Its so painfully obvious that you really have to be deep into whatever you’re into to not see it.
- steveBK123 5mo agoPossible the everything bubble propping up unprofitable tech buying up resources across the supply chain to build infrastructure + tariff inflation + war of choice energy inflation + massive federal spending + unwillingness to hike rates to cool things off ? Good chance we run the COVID inflation all over again
- liglam 5mo ago[dead]
- khriss 5mo agoWhat makes this appalling is that the current situation is entirely the result of deliberate choice by the president. I know there will be a lot of commenters rushing in to breathlessly claim 'Inflation was worse under Biden!'. However, there is a difference between inflation being the result of a literal 'once a 100 year' global pandemic and Trump deciding to attack Iran because he needed to remove attention from his involvement in the Epstein files. As a summary * Jan 2025 - Inflation when Trump took office was 2.9% * Jan 2026 - Inflation at 2.4% * 30th Jan 2026 - DOJ releases the first major batch (3 million files) of Epstein files. Numerous mention of Donald Trump in the files are immediately highlighted. Trump rants and rails, calling it a 'witch hunt' * Feb 2026 - New York times releases a bombshell report documenting that Trump appeared in the files 5300 times. [1] * Mid Feb 2026 - Trump starts ratcheting up the rhetoric against Iran * 28th Feb 2026 - US attacks Iran * June 2026 - Avg gas prices over $4, US CPI at 4.2% and rising rapidly. The PPI numbers in the article referenced by OP show that this is only going to get worse. [1] https://www.nytimes.com/2026/02/01/us/trump-epstein-files.html https://www.nytimes.com/2026/02/01/us/trump-epstein-files.ht...
- pixelatedindex 5mo agoThe fact that he could kidnap Maduro probably gave him false confidence that waltzing into Iran might work out. Alas, for us.
- Gud 5mo agoIt was clear the “plan” was take control of Venezuelan oil, Iranian oil, and make Cuba a resort paradise for the rich American upper class, like God intended.
- danaris 5mo agoFrom what I understand, there's a very good chance that Venezuelan forces of some kind collaborated on that—possibly to the point of delivering Maduro gift-wrapped.
- j_w 5mo agoAnd this doesn't even include tariffs...
- howmayiannoyyou 5mo agoYes, purchasing power of USD declines with inflation. No, that doesn't mean over a long enough time horizon what most people think it means. USD has declined significantly since 2017 (https://fred.stlouisfed.org/series/CUUR0000SA0R https://fred.stlouisfed.org/series/CUUR0000SA0R), but what it buys has substantively changed. - You couldn't buy continous glucose monitors, OTC hearing aids, home heart monitors using your cellphone or watch or countless medications that didn't exist in 2017 (eg. Journavx, the first non-opiod pain med, smart insulin pens, etc.). - You couldn't buy noise-cancelling earbuds, generative AI, somewhat affordable electric vehicles, PT and medical advice from Youtube/AI, self driving vehicles, more reliable electricity from grid-scale store, Satellite rescue from your cellphone, etc. The retort will be daily items are about 30% more expensive since Covid. This is the result of Federal and State policies that have little to do with the White House and everything to do with Congress and State Houses. As just one example... ask yourself why so much ag is grown in Western states with water shortages and so far from the rest of the country?
- sunir 5mo agoIt says exactly what it says, which is that energy prices are higher. You can read the report.
- post-it 5mo ago> ask yourself why so much ag is grown in Western states with water shortages and so far from the rest of the country? Because water is one of the cheapest inputs into agriculture. Growing almonds in California is a ~bad idea, but it's not a stupid idea.
- SubiculumCode 5mo agoCalifornia has 4 seasons of growing weather, good soil, and conditions that help against rot. The lack of water is exactly why it's good for growing stuff, if you can get the water. Excess water ruins crops all the time.
- adjejmxbdjdn 5mo agoThis comment that seems determined to state its conclusion without providing any evidence other than “why is so much agriculture in parts of the country that are conducive to agriculture”.
- adjejmxbdjdn 5mo agoWe have voluntarily recreated the effects of the worst supply side disruption in modern history that happened after the pandemic.