Reply to U.S. Annual Inflation rose to 6.8% in November

Forum Index » Political Discussion

Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=jsteele][quote=Anonymous][quote=jsteele]Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.
[/quote]

Lol, again with the terrible takes  Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%.  (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing.  Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.[/quote]

Are you illiterate or unable to do basic math? I said, "inflation will likely be lower". Inflation in November was 0.8 and in December it was 0.5. You don't appear to understand that 0.5 is lower than 0.8. Hence, inflation was lower. I was correct.
[/quote]

This is math illiteracy.  Just because increases went down doesn't mean raw inflation went down. Lol, increases are increases - just go look up the CPI #s from Oct, Nov, and Dec....sorry, but you're wrong. The CPI is increasing, and Americans absolutely feel it.

If I have 10 widgets this quarter, and make 11 widgets in the 2nd quarter, I have a 10% increase.  In the 3rd quarter I make 12 widgets, therefore my production over Q2 is only 9.1%, which is less than the 10% increase compared to the change over Q1-Q2.  However, in raw terms I still am making more widgets in Q3 compared to Q2 and Q1, it's just that my denominator is increasing which makes it appear the rate of change is slowing.  That still doesn't change the fact that the overall quantity of the denominator is still getting bigger and I am making more widgets. Inflation is NOT lower. It IS still increasing. You're just trying to claim the rate of change numbers somehow mean inflation is decreasing. It's not. Increases are increases.  [/quote]

You are confused. Inflation is a measurement of change on the underlying price, it is not the price itself. Price may continue to increase even if inflation holds at a steady value and does not change. In this case, inflation did indeed go down in December relative to November, even if the raw underlying price went up. Jeff's comments were on inflation, not underlying price. 
[/quote]

No, you are confused.  CPI was literally 7 in Dec. It was 6.8 in Nov. It was 6.2 in Oct.  Clearly it is NOT going down.  The widget example is just trying to highlight the differences between rates of change and the underlying denominator.  CPI is a rate of change.  The change in the CPI is the rate of change of the rate of change.  Therefore the widget example still applies.  Underlying CPI has risen. Period. There's no arguing about it. Even though the rate of change of CPI has fluctuated and gone down a little bit, underlying CPI has still gone up because the rate of change is still positive. That's the point. The only way the CPI goes down is if month over month changes actually turn negative.  It doesn't matter if there's fluctuation in the month over month change in CPI if they are all positive numbers. Any positive numbers still mean CPI is rising. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics