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Core Inflation Falls To Lowest Rate In Four Years

eohrnberger said:
From my viewpoint, government spending levels should return to the pre-COVID levels.
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That will be challenging without significant Medicare and Social Security benefit cuts.

fredgraph.png
 
Greenbeard said:
If Biden's spending caused inflation, it's curious that Trump's higher spending is continuing the drop in inflation that's been ongoing since 2022.
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I suspect that the economic situation is different between then and now.

As for inflation in 2022:
Dec 1, 2022​
  6.45%​
Nov 1, 2022​
  7.11%​
Oct 1, 2022​
  7.75%​
Sep 1, 2022​
  8.20%​
Aug 1, 2022​
  8.26%​
Jul 1, 2022​
  8.52%​
Jun 1, 2022​
  9.06%​
May 1, 2022​
  8.58%​
Apr 1, 2022​
  8.26%​
Mar 1, 2022​
  8.54%​
Feb 1, 2022​
  7.87%​
Jan 1, 2022​
  7.48%​

US Inflation Rate by Month - Multpl

US Inflation Rate table by month, historic, and current data. Current US Inflation Rate is 2.39%.
www.multpl.com

It wasn't dropping all through 2022. As you can see, it was going up the first 1/2 of that year.
 
Greenbeard said:
Trump is spending more than Biden was.
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eohrnberger said:
This has nothing to do with what was pointed, nor the point which the post raised, so its a shameless diversion from the point.
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"Since when has greater government spending, more money chasing (demand increase) after the same amount of goods and services, ever decreased prices or inflation?" – eohrnberger​
 
Ikari said:
Yeah, Biden started that trend of lowering inflation rates after the fallout of Covid and supply chain issues. Let's hope Trump doesn't **** it up too much.
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Biden did no such thing. In fact while the Fed was raising rates to combat inflation they were also fighting the Biden administration's reckless spending where they were pumping trillions of dollars into the economy even after COVID was effectively over.
 
snakestretcher said:
Was there a point I missed? Meanwhile the cost of eggs (Trump's favourite metric), has risen 49% and, contrary to Trump's lies, gas (petrol) prices are increasing, averaging $3.30.
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Wholesale price of eggs is currently down $4.00+ per dozen from the price they were at when Trump took office and are down 56% in cost since the beginning of 2025. Link

Anyone currently selling their eggs at sky high prices is choosing to price gouge at the retail level. I've bought eggs at $3.50 per dozen at multiple stores and have been doing so since mid to late April without a problem. Shopping around is pretty damn easy when every grocery chain has apps and online shopping that you can use for price checking. If you want, I can swing by my local Aldi today and take a picture to show you that the current price for 1 dozen eggs is $3.29.

Also, gas prices carry a current national average of $3.162 per gallon, not $3.30 as you incorrectly claimed, and today's national average is down $0.40/gallon (or 11.2%) from the national average of $3.568 one year ago. Link
 
dobieg said:
Biden did no such thing. In fact while the Fed was raising rates to combat inflation they were also fighting the Biden administration's reckless spending where they were pumping trillions of dollars into the economy even after COVID was effectively over.
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No, inflation spiked during Biden's administration, and was decreasing during the end. But you go ahead and pretend that reality doesn't exist and that Trump's "Big Beautiful Bill" that will add almost 4 Trillion to the debt isn't going to do exactly what you're claiming Biden did.

lol
 
Isidore said:
"Since when has greater government spending, more money chasing (demand increase) after the same amount of goods and services, ever decreased prices or inflation?" – eohrnberger​
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I'm glad you pointed that out, as the difference between the two economic conditions was the supply chain induced constraints on available goods and services then, which aren't present now.

The characterization that Biden's spending threw most gas on the inflation fire is accurate.
 
Ikari said:
No, inflation spiked during Biden's administration, and was decreasing during the end. But you go ahead and pretend that reality doesn't exist and that Trump's "Big Beautiful Bill" that will add almost 4 Trillion to the debt isn't going to do exactly what you're claiming Biden did.

lol
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Comical. What specifically did the Biden administration do to help cut inflation?



And you'll get no argument from me on the current administration's reckless spending.
 
dobieg said:
Comical. What specifically did the Biden administration do to help cut inflation?



And you'll get no argument from me on the current administration's reckless spending.
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That was part of the effort of raising interest rates and such, to combat rising inflation.

We saw inflation rise, we saw inflation fall during Biden's administration. We'll see if Trump ****s that up.
 
anatta said:
so much for recession.time to lower rates
www.breitbart.com

Core Inflation Falls To Lowest Rate In Four Years

Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021. | Economy
www.breitbart.com www.breitbart.com
rices barely climbed in April, pulling the annual rate of inflation down toward the Federal Reserve’s two percent target, even while personal income climbed at a rapid rate.


The personal consumption price index climbed 0.1 percent in April, the second month in a row in which consumers got relief from inflation that had plagued the economy throughout the Biden administration. In March, the index showed prices were flat.


Compared with a year ago, prices are up just 2.1 percent. That just one-tenth above the two percent rate of inflation the Fed says it targets. In March, prices were up 2.3 percent from a year earlier.


Core prices, a measure that excludes food and energy, also rose 0.1 percent. Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021.
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Not to rain on what may otherwise seem like good news, but we are experiencing negative GDP - and shrinking consumerism could be signaling we are entering a recession.
 
dobieg said:
Biden did no such thing. In fact while the Fed was raising rates to combat inflation they were also fighting the Biden administration's reckless spending where they were pumping trillions of dollars into the economy even after COVID was effectively over.
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What were the extra $trillions that Biden pumped into the economy in 2021-2022? Tell me the #s & programs plz
 
Ikari said:
That was part of the effort of raising interest rates and such, to combat rising inflation.

We saw inflation rise, we saw inflation fall during Biden's administration. We'll see if Trump ****s that up.
Click to expand...


Biden had zero to do with raising rates. That was Powell and the Fed. The Fed meanwhile was fighting a two headed monster. Supply chain constraints and a government pumping trillions of stimulus into the system resulting in too many dollars chasing too few goods. Ground zero for inflation.

If Biden was just a little bit less reckless with his economic policies we'd probably be at least a year ahead of schedule in the inflation fight. Of course the flip side is we would have had weaker economic growth and a lower stock market. Pick your poison.
 
dobieg said:
Comical. What specifically did the Biden administration do to help cut inflation?
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Advancing an agenda aimed at increasing the productive capacity of the U.S. economy. A surefire inflation-killer.

www.cbo.gov

Effects of Physical Infrastructure Spending on the Economy and the Budget Under Two Illustrative Scenarios

Note Note Numbers in the text and tables may not add up to totals because of rounding.
www.cbo.gov www.cbo.gov
www.atlanticcouncil.org

The IRA and CHIPS Act are supercharging US manufacturing construction

The US' IRA and CHIPS Act are driving a new construction boom for American manufactures reshoring electronics and green transition production
www.atlanticcouncil.org www.atlanticcouncil.org
www.economicstrategygroup.org

In Brief: The Recent Rise in US Labor Productivity • The Aspen Institute Economic Strategy Group

BRIEFLY US labor productivity has enjoyed a period of renewed growth over the past year, interrupting a nearly twenty-year decline: the 2.7 percent productivity growth in 2023 outpaces the 1.5 percent annual average since 2004, and it nearly matches the 2.9 percent pace seen during the country’s...
www.economicstrategygroup.org www.economicstrategygroup.org
 
More time is needed to properly assess what’s going on in the economy.

The consumer may be tapping out.

McDonald’s and other chains have seen the biggest drop in sales since the pandemic as an example and so while you have the Russian OP propagandist claiming victory…

It’s a bit like putting out a fire in the living room and pouring yourself a glass of champagne whilst a fire is starting in the kitchen…
 
snakestretcher said:
Why aren't Americans spending then?



www.bankrate.com

Economic Concerns Have Some Americans Setting A ‘No-buy’ Rule | Bankrate

Some Americans are fighting high prices and low wages by dramatically cutting down their discretionary spending.
www.bankrate.com
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With negative GDP, falling consumerism, and slowing price growth, it could be we are entering a recession.

We will know after this quarter's GDP tally.

But that's what tariffs do. The retard trade, slowing economic activity.
 
j brown's body said:
T


Indeed, the problem with this is that if Americans aren't feeling it, they don't believe it and it becomes a self-fulfilling prophecy.
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I don't see how anyone can feel confident with the economic chaos occurring.
 
dobieg said:
Biden had zero to do with raising rates. That was Powell and the Fed. The Fed meanwhile was fighting a two headed monster. Supply chain constraints and a government pumping trillions of stimulus into the system resulting in too many dollars chasing too few goods. Ground zero for inflation.

If Biden was just a little bit less reckless with his economic policies we'd probably be at least a year ahead of schedule in the inflation fight. Of course the flip side is we would have had weaker economic growth and a lower stock market. Pick your poison.
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What were the extra $trillions that Biden added to Trump's budget?
 
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