I will preface this by saying that nobody knows economics or inflation better than I do.
Inflation is measured in percent and changes in inflation are measured in percentage points. For example:
Inflation is 2.4% in one month, goes to 3.3% the next month. You say that inflation rose 0.9%. As CNBC says:
The consumer price index increased a seasonally adjusted 0.9% in March putting the annual inflation rate at 3.3%. However, core prices rose much less – just 0.2% for the month and 2.6% from a year ago, both 0.1 percentage point below forecast, indicating that underlying inflation was contained.
It’s pretty clear that my dog knows more about inflation and economics than you, since even with a brain the size of a walnut he knows the difference between inflation and consumer price index. His reading comprehension is better too.
Inflation is up 40% in the last year.
If the CPI increases by 0.9% in a month, how is that viewed by the general public?
Hint: it's viewed as inflation increasing 0.9% in that month.
It’s pretty clear that my dog knows more about inflation and economics than you, since even with a brain the size of a walnut he knows the difference between inflation and consumer price index. His reading comprehension is better too.
Inflation is up 40% in the last year.
If the CPI increases by 0.9% in a month, how is that viewed by the general public?
Hint: it's viewed as inflation increasing 0.9% in that month.
Not amongst the general public I interact with, but most of them were smart enough to not vote for Trump.
Americans kept spending in February — but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher.
You just said it. You blew apart your own statement inside your own statement.
I will preface this by saying that nobody knows economics or inflation better than I do.
Inflation is measured in percent and changes in inflation are measured in percentage points. For example:
Inflation is 2.4% in one month, goes to 3.3% the next month. You say that inflation rose 0.9%. As CNBC says:
The consumer price index increased a seasonally adjusted 0.9% in March putting the annual inflation rate at 3.3%. However, core prices rose much less – just 0.2% for the month and 2.6% from a year ago, both 0.1 percentage point below forecast, indicating that underlying inflation was contained.
you're just talking past each other. it's 0.9% in algebra terms (absolute difference). it's 20-odd% in calculus terms (rate of increase).
an absolute increase of nearly a point is a lot. mr. economics would have to admit that much.
last, this is a laughable discussion about pre-iran numbers. core inflation excludes oil prices, and discussing inflation before the war as having current meaning is dubious.
last last, we both know the target is 2% annualized. stable at a number well above that is not actually good inflation.
you're just talking past each other. it's 0.9% in algebra terms (absolute difference). it's 20-odd% in calculus terms (rate of increase).
an absolute increase of nearly a point is a lot. mr. economics would have to admit that much.
last, this is a laughable discussion about pre-iran numbers. core inflation excludes oil prices, and discussing inflation before the war as having current meaning is dubious.
last last, we both know the target is 2% annualized. stable at a number well above that is not actually good inflation.
"core inflation" is big ticket buys and long term contracts. rent, medical, your car purchase. it matters but not in as daily a sense as food and gas, which are excluded. you're trying to say if we exclude my daily purchases i am ok. sure, whatever.
and that exclusion becomes amusing when you get in a war with iran. i paid nearly $5/gallon the other day.
war is also generally understood as an inflationary event. your country has to buy more planes, missiles, etc. supplies of goods may get trapped or destroyed, driving prices of untrapped goods upwards. energy prices may go up. governments may play fiscal games to afford their war.
you can see this in real time. cost of oil is up 40+%, cost of gas is up 30+%.
it's like quoting last month's jobs numbers after a market crash or covid happens. i want to know next month and think you're trying to fool people when that's no longer reality. we already know in reality that 3% is gone.
you're just talking past each other. it's 0.9% in algebra terms (absolute difference). it's 20-odd% in calculus terms (rate of increase).
an absolute increase of nearly a point is a lot. mr. economics would have to admit that much.
last, this is a laughable discussion about pre-iran numbers. core inflation excludes oil prices, and discussing inflation before the war as having current meaning is dubious.
last last, we both know the target is 2% annualized. stable at a number well above that is not actually good inflation.
If only we had 9.1% inflation instead!
You get so mad when people cite Biden job growth numbers crush Trump’s, claiming that they are pretending that COvID didn’t exist, but you tend to forget about COVID when you cite this figure.
I am pleased to announce that TODAY my Administration officially filed the presentation and plans to the highly respected Commission of Fine Arts for what will be the GREATEST and MOST BEAUTIFUL Triumphal Arch, anywhere in the World. This will be a wonderful addition to the Washington D.C. area for all Americans to enjoy for many decades to come! President DONALD J. TRUMP
I am pleased to announce that TODAY my Administration officially filed the presentation and plans to the highly respected Commission of Fine Arts for what will be the GREATEST and MOST BEAUTIFUL Triumphal Arch, anywhere in the World. This will be a wonderful addition to the Washington D.C. area for all Americans to enjoy for many decades to come! President DONALD J. TRUMP
Hope he isn’t going to pay for it from the tariff shelf, because it looks like his obviously illegal tariffs are going away.
The trade court could stymie Trump's revived tariff efforts — dealing another blow the president on a matter he described as 'life or death' for the U.S. economy.
President Trump just submitted plans to paint white the Eisenhower building in Washington, D.C., a massive 19th Century structure that used to house the State Department and the Department of War.
