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cadoman

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55. more specifically, it's claiming the rate at which grocery prices are rising is down

Tue Aug 12, 2025, 10:42 AM

Aug 12

For grocery prices to go down we'd need to have significant deflation over multiple quarters, but our monetary system is actually designed to create inflation so that can be tricky.

We'd need an influx of affordable labor, zero tariffs, or a collapse of input costs to get some grocery price deflation. None of those seem to be on the table, especially with AI now guzzling up electricity and water everywhere.

We're in an awful situation now where AI, farming, and oil extraction all demand enormous quantities of freshwater.

The only thing I can see on the horizon where we might see some price relief is in housing. The prices are dramatically inflated, the inventory is centrally held by financiers, and the rates are high. Some citizen-friendly regulations could dislodge that inventory when Democrats return to power.

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Consumer prices rise 2.7% annually in July, less than expected amid tariff worries [View all] BumRushDaShow Aug 12 OP

Let the RW crowing begin. 🙄 underpants Aug 12 #1

Inflation is STILL rising and not falling BumRushDaShow Aug 12 #3

Right. Three month trend except for one outlier month. And the incrementation is growing, not receding. NT Mike 03 Aug 12 #6

The last CNBC update included the core at 3.1% vs expected 3% BumRushDaShow Aug 12 #8

I wouldn't say this is good. Mike 03 Aug 12 #5

I suspect spending has dropped due to layoffs bucolic_frolic Aug 12 #2

The importers/wholesalers and some retailers are still eating it BumRushDaShow Aug 12 #11

This is not a good report Johnny2X2X Aug 12 #4

They must not be measuring groceries. Looks like BLS has already been Trumpified. SunSeeker Aug 12 #7

Yep.................... Lovie777 Aug 12 #13

Yup. Went shopping yesterday. First time in 2 weeks. Biophilic Aug 12 #16

Exactly. Every time I buy groceries, I pay more...a lot more. SunSeeker Aug 12 #22

I guess the Fed will cut rates next month, but I do believe we'll hear some really Mike 03 Aug 12 #9

I believe there will be a new UE report (for August) BumRushDaShow Aug 12 #12

Remaining FOMC meetings in 2025: 9/17, 10/29, 12/10 progree Aug 12 #18

They will have a load to comb through before 9/17! BumRushDaShow Aug 12 #27

Unfortunately this has no credibility so I can't believe it's accurate Bluestocking Aug 12 #10

Which way is it off? gab13by13 Aug 12 #14

For one thing, it claims grocery prices are down. Total and utter bullshit. SunSeeker Aug 12 #23

more specifically, it's claiming the rate at which grocery prices are rising is down cadoman Aug 12 #55

Yes, of course. But the headline implies prices stayed steady. nt SunSeeker Aug 12 #72

Nope. "rise 2.7 pc" is not steady. If they rose 0 pcent + or - a tad, that would be steady. . . nt Bernardo de La Paz Aug 12 #75

Nope. US Federal Reserve considers that just a tick above steady cadoman Aug 12 #78

There is a difference between "steady" and the Reserves "dual mandate" Bernardo de La Paz Aug 12 #86

When the average American sees the words "less than expected," they think prices aren't rising much. SunSeeker Aug 12 #80

in all fairness I did have to look it up cadoman Aug 12 #84

Well, then, the average American should acquire the habit of reading what is actually printed Bernardo de La Paz Aug 12 #85

Sadly, we tried what you're suggesting. It didn't work. nt SunSeeker Aug 12 #87

Graphs - not a bad CPI but a hot Core CPI . Very different graphs. progree Aug 12 #15

Good morning! BumRushDaShow Aug 12 #17

The food at home (groceries) index fell 0.1 percent?! What bullshit! SunSeeker Aug 12 #21

Did you notice that food prices were flat? sinkingfeeling Aug 12 #19

Not when I bought groceries this week! Those inflation numbers are off. SunSeeker Aug 12 #25

The report is for the previous month BumRushDaShow Aug 12 #29

I wish you had gone with a different source, that CNBC headline is misleading. SunSeeker Aug 12 #42

CNBC has been pretty good with their headlines and usually doesn't spin them BumRushDaShow Aug 12 #54

Tariffs have kicked in sporadically but definitely on some food products JT45242 Aug 12 #20

I see very high OJ and beef, but oddly enough cheap tomatoes and berries? cadoman Aug 12 #77

I hate the smell of Sharpie in the morning. twodogsbarking Aug 12 #24

Unreliable stats. Plus the tariffs haven't really kicked in yet Ritabert Aug 12 #26

Better data here: CNYHarris Aug 12 #28

No. BLS still run by professionals. I won't trust BLS after tRump gets his toadie installed, but we're not there yet. nt Bernardo de La Paz Aug 12 #33

They were cooking the books long before Trump CNYHarris Aug 12 #36

No. Doubt you can present credible links as evidence. Reflexive cynicism clouds judgement. . . . nt Bernardo de La Paz Aug 12 #39

Evidence CNYHarris Aug 12 #40

That's not evidence. Economists as a profession made big changes to GDP in 80s and 90s. Bernardo de La Paz Aug 12 #44

Big changes caused this CNYHarris Aug 12 #46

More big changes are soon to arrive CNYHarris Aug 12 #47

You make some really imaginative assertions Torchlight Aug 12 #74

Not particularly credible and it doesn't support your Reagan claim Bernardo de La Paz Aug 12 #48

Post removed Post removed Aug 12 #56

If the numbers are supposedly so bad, why didn't Clinton, Obama and Biden fix the system? Bc they are not so bad. . . nt Bernardo de La Paz Aug 12 #63

If you let AI do your thinking for you, no wonder you endorse fringe theories. . . . . nt Bernardo de La Paz Aug 12 #64

This is all I need to know about how seriously to take that website Wiz Imp Aug 12 #59

OMG. That data is absolute garbage. The guy is a lunatic. Wiz Imp Aug 12 #51

It shows similar to the Trump 2010s CNYHarris Aug 12 #58

It's absolute garbage. Pure and simple. Not to be taken seriously. Wiz Imp Aug 12 #60

Trump and bush caused tens of millions to leave the labor market after abandoning looking for a job CNYHarris Aug 12 #62

The forgotten CNYHarris Aug 12 #66

The numbers are garbage pure and simple. You do yourself no good by trying to defend Wiz Imp Aug 12 #67

Let's not be so hasty. The guy has definitive proof on the location of Atlantis. mahatmakanejeeves Aug 12 #61

He's also a grifter - I remember once tracking down one of his claims, I think on the "real" unemployment rate progree Aug 12 #65

So I guess Obama "cooked the books" as well. Wiz Imp Aug 12 #53

See here CNYHarris Aug 12 #57

You have no idea what you're talking about. You're just flat out wrong. Wiz Imp Aug 12 #43

BLS is now run by intimidated professionals who know what's expected. thought crime Aug 12 #68

They have an open book on how they compute the numbers and economists routinely double-check them Bernardo de La Paz Aug 12 #70

This message was self-deleted by its author onenote Aug 12 #83

It is called fake it until you make it CNYHarris Aug 12 #30

The entire economy WAS revolving around US in trade. After tariff war, countries like Canada are looking elsewhere. . nt Bernardo de La Paz Aug 12 #32

It was revolving around China and Europe CNYHarris Aug 12 #35

No it was not. US trade dwarfs other countries. Plus trade includes services, not just manufacturing. . . . nt Bernardo de La Paz Aug 12 #37

total BS CNYHarris Aug 12 #41

Wow. That time laps graphic is brutal. nt SunSeeker Aug 12 #45

China and the EU27 beat the US in total exports CNYHarris Aug 12 #49

Land does not trade, people do. Lots of area in small countries. Look at the big economies. Russia is declining. Bernardo de La Paz Aug 12 #52

Yeah. All the small countries. That does not prove your point. . . . . nt Bernardo de La Paz Aug 12 #50

Would you watch NFL games if opponents of Philly owned the refs CNYHarris Aug 12 #34

Fed focuses on the core. It's up 3.1 pc yr on yr. That should be the headline. 3.1 percent is not "inflation is tamed".n Bernardo de La Paz Aug 12 #31

Media would be skewering Biden if this report happened under him Johnny2X2X Aug 12 #38

I Expect These Numbers Will Be Revised Upwards In Future Months DallasNE Aug 12 #69

The main CPI is only revised annually Wiz Imp Aug 12 #71

That's why BLS does massive survey & real calculations. A single item is not significant even if it rose 100 pct. . nt Bernardo de La Paz Aug 12 #76

Yesterday I paid $28 for 5 lbs of ground beef at Costco kimbutgar Aug 12 #73

I expect the August report (which comes out September 11) will be very interesting progree Aug 12 #81

When was the last time you bought ground beef? onenote Aug 12 #82

Sure. Scrivener7 Aug 12 #79