US inflation unexpectedly increases
US inflation unexpectedly increases
US inflation increased by more than expected last month, pushing up the cost of living for Americans.
You're viewing a single thread.
Before reacting, read the article
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.
This is significant for bankers, but not for regular people. You're not going to notice that inflation is 0.1% higher than expected
0.1% for someone with a $500,000 mortgage would be $500.
0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.
Edit: however, Blackrock also *profited to the tune of 4.7 billion dollars, so the 0.1% increase is a 0.3% cut into their profit from last year. They can absolutely afford it.
Driven primarily by….
The cost of eggs. Yes regular people are going to notice this.
Food at home up 1.9%
You didn't even check what it's driven by, but you confidently state it
I’m just basing my opinion on the text of the article. The article you told people to read:
US inflation increased by more than expected last month, as higher egg and energy prices helped to push up the cost of living for Americans.
Grocery prices climbed 0.5% over the month, compared with 0.3% in December, as egg prices surged more than 15% … That marked the biggest monthly increase in nearly a decade, the Labor Department said.
Then you reply with a statistic that doesn’t appear in the article with no reference. Fucking MAGATs.
https://www.bls.gov/news.release/cpi.nr0.htm
I check the official sources
I'd be interested in seeing where the inflation was higher than expectations. He's only been in office a few weeks; most of these markets don't react that quickly.
Not when you start tariffs wars with allies that you signed trade agreement with.