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CPI-U rises 7.2% annualized in September (3.7% YoY)

33 points JumpCrisscross 2 hours ago 12 comments

ketzu 32 minutes ago | parent

> CPI for All Urban Consumers (CPI-U)

And CPI is "Consumer Price Index", aka inflation measurement.

For anyone unfamiliar with the title. (Like me)

PorciiVorbesc 26 minutes ago | parent

>The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors' and dentists' services, drugs, and other goods and services that people buy for day-to-day living.

Convenient how it doesn't also include housing cost increases, as if that's not part of day-to-day living, like we're all snails carrying our house on our back we got for free since birth, when housing costs are possibly the highest burden on most young workers now.

Edit: I am wrong

ketzu 22 minutes ago | parent

> clothing, *shelter*, fuels,

(Emphasis mine)

> Convenient how it never tracks housing cost increases

I think that is included in shelter. I might be wrong.

PorciiVorbesc 21 minutes ago | parent

Oh, my bad, I assumed that was just utilities and bills.

dragontamer 5 minutes ago | parent

[delayed]

yeahwhatever10 15 minutes ago | parent

This site is just reddit now.

koolba 5 minutes ago | parent

> Convenient how it doesn't also include housing cost increases …

It does, but only urban renting. It doesn’t measure increases in housing costs for suburbs directly. In particular it does not track increases in home values or mortgage payments for new buyers based on current rates.

rvz 23 minutes ago | parent

Highly likely there will be no rate cuts for the rest of this year. Higher for longer and the fed is going to either hold or increase interest rates.

pm90 9 minutes ago | parent

POTUS has been reported as saying that hes waiting for midterms to end before taking action. I see at least two more years with no rate cuts; the possibility of fuel rationing also appears to be possible in light of all the refining/logistics facilities being wantonly destroyed. Its going to be a very rough time.

bob1029 8 minutes ago | parent

> The index for food was unchanged in September, as the index for food away from home increased 0.2 percent and the index for food at home fell 0.1 percent.

Restaurant prices are absolutely out of control. My local Chickfila is no longer wrapping cars around the parking lot. They might still be putting up good numbers via expansion but there is no way the per-store economics are trending well.

I remember when it was arguably cheaper (especially once you factor in your time) to go buy off the Taco Bell value menu. You could get a bag of burritos filled to the top for like $12. This will hardly purchase a single menu item today.

It feels like we are in some kind of fast food death spiral right now.

igleria 5 minutes ago | parent

If only prices didn't take the elevator while salaries took the stairs.