They don't want COMPETENT LEADERSHIP. They want "EXCITEMENT" and a sociopath to provide it.

THAT is where we are. A nation of goddamned brain-dead morons.

The mis/disinformation campaign. That's how I see most of this poll rubbish.

If the trend continues, Biden will be in good shape. Keep in mind that even Reagan's polling was awful a year before his landslide win against Mondale, due to high prices (inflation) and interest rates.
Gasoline is already trending down, and that should help with food prices.

...

There are a few areas where price ARE dropping... energy and used cars for example.

But Pretty much everything else goes UP every month, albeit at a slower rate than before.

It's true that a reduction in inflation is not a reduction in all prices, technically it is just a decrease in the rate of price increases overall. OTOH, a lower inflation rate can coincide with a deflation of some prices, like gasoline or food stuffs, especially after a hyperinflationary period. That is the point I am making-- this is the case here about some items people care about. Prices are coming down on gasoline, and will likely come down on foods-- these deflationary trends contribute to lower inflation in the average, both the price decreases on specific items and then the lower overall rate of increase overall averaged over all items. I hope this helps you understand.

I'll repeat myself.

A reduction in the rate of inflation isn't the same as prices dropping.

The latest CPI comes out tomorrow... sounds like you're expecting negative numbers... I'm not.

We're expecting a CPI yoy of around 3% with CORE at 4%...

That includes any pricing related to the decreasing cost of energy.

Hope that helps you understand.

Last edited Wed Dec 13, 2023, 03:46 PM - Edit history (2)

It really seems like you don't understand my point. Average inflation will rise, but prices affected by hyperinflation will come down with time: gasoline (fuel) will precede food (due to reduced transportation costs, which takes time to percolate) is the typical pattern, so I don't expect CPI to recede quite yet. If fuel prices stay lower, then (in a few months) we will see more of the items affected by hyperinflation (do you know what I mean by this term? I mean prices that have risen far more than the average inflation rate and are typically unstably high) deflate. Your post about how you think I think the CPI will respond makes it clear you did not understand my post perfectly.

...and so dies Nicki Haley so the attention is off of her until the last minute...