Quick Mafs, if US inflation is greater than 6.9% for the month of April. It will mean since 2020 inflation will have increased more than 11.1%. March 20-22 figures sit at 11.1% total increase. If it’s higher, the last few days are just the beginning of the crash!
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What used to be $0.98 boxes of candy at Walmart are now $1.14. 16+% inflation the real number?
I prefer the Arizona ice tea index, they are currently not 99 cents
10+ %
Cue meteor crashing to earth.
Did some localish travelling last weekend. Inflation is madhouse everywhere I stopped.
That sounds horrible!
I see this some places, but others the prices are the same. McDonalds, what the fuck is up with the prices? Local Chinese place? Same as it’s been for 15 years, which is kind of silly.
QT hotdogs were 0.99 a dog and 1.89 for 2 pre Covid. Now in 2022, one hotdog is 1.99 and 2 are 2.89. It’s insane how expensive everything has gotten in 2 years.
Hotpot and Korean bbq has always been really expensive by me.
GameStop is 5% cheaper today from yesterday.
It’s like that part of The Big Short where they have to go to Las Vegas to see the housing market for themselves because all the numbers simply don’t add up.
Housing shows up as sompthing called owners equivalent rent in the CPI data.
Our neighbor is moving. Landlord increased the rent by 1k. Idk who he thinks is gonna pay that, it's already expensive. This is fucking absurd.
I guess I’m eating Costco hotdogs for the next year and a half
The same Ribeyes that used to be $35 are now $56. What I used to be able to buy for $100 steaks,ribs,pork shoulder is now $180. Just glad I can still afford it. The wife’s boyfriend really enjoyed them.
There is a 0% chance it’s < 6.9% without HEAVILY cooked books
I think it’ll be over 8% still.
Dollar Tree items are $1.25 now. So according to the DT dollar Index inflation is at a minimum 25%.
Thank you for doing the math.
Holy shit, you weren't kidding
I see CPI at 8.7-8.9% tomorrow. No way its reversing yet. Slowing down, maaaybeee
Definitely over 8%.
Remember it’s YoY by month April saw a 2 point increase vs March in 2021 from those months in 2020. So the baseline for April 2022 is already elevated and I wouldn’t be surprised if we see a slight decrease
9.2
The cooked numbers may show slowing, but it’s not slowing. Look at all the money they’re printing with RRP alone.
Is there predictions for what it is?
My guess is it’ll be above 8%.
Oh shit. Wonder if we could start doing monthly prediction tournaments like other subs do? That would be wild.
This ain’t no crash.. yet
“So far”
Question: can someone explain how CPI was previously calculated and the difference to how it’s calculated now? I’m curious to what they cut out now that was included before.
CPI is a weighted index, so they divide goods into categories (food, transportation, etc.) and assign each category a weight. These weight values determine the influence that each category has on the final CPI value.
I’m not sure exactly, but they did change how they calculate inflation back in the early 2000’s. And ever since then inflation hasn’t looked as bad as it did before. Until now…
It's gonna be 8.1% Total fucking scam number. FED going to claim interest rate slow victory. Were gonna get a pump and then shit is gonna fall off of a cliff.
Yep that’s what I’m thinking. Such bs!
Not only is inflation high, but shrinkflation is high as well. I went to burgerking for the first time in years a few days ago and ordered a whopper jr. That shit was the size of my palm. No fucking way my hand grew big enough to make that burger look tiny as shit.
Buy a whopper
You guys keep looking at autistic charts and what not.
That’s ridiculous!
Bro what walmart are you seeing eggs for $14
That could be more acutely due to breakout of avian flu and having to destroy millions of chickens at once
Where the fuck? I just bought some name brand cage free there for $3 a dozen. Used a coupon to make it $2.50.
What!!! Those used to be like under a dollar a carton
8.7
Yo I went to pay for gas today, and it was a dollar more than the last time I paid.
look at diesel setting new record all time highs... then consumers which buys things that get transported by trucks that use diesel. Everything is about to balloon in price.
Yeaaaaa it’s gonna be at 8.8%
8.8
I'd love to see some tables of two year inflation
I’m guessing 9.3%
My Guess is either 7.9 or 8.9
Remember, it's compounding as well, so at 6.9%, with last years 4.2%, you would have 1.042x1.069=1.114 = 11.4% since two years back.