What was the CPI in July of 2024?
2023?
2022?
I’m seeing on the internet that farmers, ranchers, construction com’s, are singing the blues because they’ve lost their workers. I’ve always said it’s about manual labor, not all AG can be picked by machines.
I think other countries are boycotting the U.S when it comes to buying our products too, like soy wheat and corn.
I spoke with a guy who runs a dairy three weeks ago and he said his worker headcount was down 25-30%.
Workers will come, I did it as a teenager.
Interesting article in last week’s Barron’s. The author was discussing whether or not TIPS actually reflect the overall CPI. It reminded me that the CPI was revised in 1983-1984 to eliminate housing prices and replace them with something called “owners’ equivalent rent.” If one applied the prior core CPI formula to prices in 2022, the core CPI would have measured +19.5% rather than the reported 9.1%. There have been other changes to various CPI calcs over the years, usually whenever a specific item has increased dramatically which will cause a governmental benefit to increase accordingly.
That all suggests that the CPI may not be reflective of any person’s actual cost of living and have become just a number the government needs. It also points out the difficulty attempting to compare today’s CPIs to historical numbers since they are likely based on different factors.
Fair enough, but they haven’t changed in the last 3 years.
I did too, but teens nowadays are a different breed. It actually takes skill to be a fruit picker believe it or not. No farmer would want a worker stomping all over his plants because they don’t want to be there.
They lost their cheap labor that they can exploit because they are illegal.
A skill that a teen could be taught in a few hours.
Because they are allowed to be.
I worked farms as a kid because we were poor and I didn’t want to wear the clothes that my parents could afford to buy me.
My kids worked summer camps for very little money to build a work ethic since they didn’t grow up poor.
Yep, now they will have to do something to attract legal workers.
What impact does the CPI have on an instant 25% increased in prices because our president it pissed off at another country”? So inflation was 2.7% . I guess a tariff is like ripping the bandaid off a cut…you get 9 months worth of “inflation” at once, except we don’t call it inflation, followed by 2.7% for every following month. It’s great that inflation is so low. But that doesn’t to anything to change the fact that prices just went up 25%. It only makes groceries cost more…unless you do your grocery shopping thru Amazon.
The interesting thing is that stores that sell groceries (a word nobody uses anymore, according to our dear leader) don’t care where they get products for their customers…so a lot of produce may need to be importedl….and subject to a tariff. But….and this is important…..inflation is only 2.7%
So tariffs are enabling Americans to get used to paying higher prices so that when they stop importing the produce that has a tariff, we can pay the same amount for groceries that we paid real Amurrican teens a higher wage to pick. On the bright side…now that these workers will be full Amurricans, we won’t have any problem giving them Medicaid and housing assistance because they aren’t illegals. And considering that the vast majority of illegals did NOT get Medicaid in the first place - we will end up costing the governmetn even more.
The CPI has zero “impact”, it is a measurement.
It hasn’t, we’ve been through this.
Does that number include tjhe tariffs? Was inflation negative to include a 25% tariff but still have inflatin that low? Because we aren’t feeling the full effects of the tariffs yet due to the TACO salad changing his mind so often A lot of place bought the shit out of products pre-tariff to keep the prices lower. Some of the current tarifffs are being “eaten” by companies, but when shareholders notice that profits aren’t meeting expectiations, they will need to do something…will they cut staff…or will they stop eating any of the tariffs.
It includes everything.
That question doesn’t make sense.
The data is the data, regardless of the reason.
What impact would a 25% tariff have on inflation if a tariff isn’t inflation? We just started seeng the price of non-Amazon coffee go up 25%. If 80% of our grocery prices go up 25%, what does this do to the CPI?