Consumer prices rose 3.5% from a year
ago in March, more than expected
CNBC,
by
Jeff Cox
Original Article
Posted By: Dreadnought,
4/10/2024 9:30:08 AM
The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely dashing hopes that Federal Reserve will be able to cut interest rates anytime soon.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department's Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.
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Reply 1 - Posted by:
NorthernDog 4/10/2024 9:41:20 AM (No. 1696489)
They show a chart with monthly inflation rates. How about a chart showing cumulative inflation since Joe-Pop took office? It would be around 25%.
25 people like this.
Liars! Do you really trust Our Government to give us the 'Real' Numbers?
23 people like this.
Reply 3 - Posted by:
ussjimmycarter 4/10/2024 9:54:48 AM (No. 1696496)
These are cooked numbers! Inflation is running at 15% annually minimum! Bidenomics! Wait till the banks start to fail! We are close! The commercial real-estate crisis has been delayed because of cheap money! COVID dollars are running out! We are paying for 30 million non citizens to live here and the Government is $35 Trillion in debt! Get into some gold, get your money into a safe cash position because the stock market is going to crash! Worst in our lifetime!
14 people like this.
Reply 4 - Posted by:
vhs68 4/10/2024 10:14:55 AM (No. 1696511)
There will be no rate cut this year!!!
10 people like this.
Reply 5 - Posted by:
jasonB 4/10/2024 10:15:30 AM (No. 1696513)
EVERY President and Congress is guilty on this. Printing endless money that does NOT exist is the reason for this. Everyone here better start making noise and demanding change. It's unsustainable.
12 people like this.
Reply 6 - Posted by:
Californian 4/10/2024 10:22:48 AM (No. 1696519)
Just print more money for all the illegals Joe imports and inflation will be fixed. -Bidenomics
6 people like this.
Reply 7 - Posted by:
DVC 4/10/2024 10:48:37 AM (No. 1696535)
"More than expected"? Depends on who is doing the expecting. This is, IMO, a fraudulently LOW figure.
Visit a supermarket. Check your gas pump. Gas is up 50% under Joe's destructive efforts. Food is WAY up under the Demonrats.
3.5% is fraud - way lower than the actual effect that ordinary people see.
17 people like this.
Reply 8 - Posted by:
Mizz Fixxit 4/10/2024 10:53:25 AM (No. 1696543)
My car insurance premium increased by 11.7 percent this year. That is more than expected.
14 people like this.
Reply 9 - Posted by:
Luandir 4/10/2024 11:29:50 AM (No. 1696581)
More than expected.
5 people like this.
Reply 10 - Posted by:
Sanddollar 4/10/2024 1:29:58 PM (No. 1696659)
The company that supplies natural gas to my area has asked for a rate increase and so has the electrical company. Gas will soon be $4.00 a gallon. As far as food, some companies instead of increasing their price, reduce the number of items in the package.
6 people like this.
Reply 11 - Posted by:
jeffkinnh 4/10/2024 1:43:15 PM (No. 1696669)
Oh no, by Biden Think, inflation was MUCH higher than 3.5 % last year so 3.5% this year is LESS inflation. Inflation is going down! C'mon man! Don't you get it.
2 people like this.
Reply 12 - Posted by:
davew 4/10/2024 2:10:24 PM (No. 1696684)
The Consumer Price Index (CPI) is commonly used to measure inflation, but it is subject to some inherent uncertainty and variability. The difference of 0.1% in the CPI inflation rate reported today is not a significant difference compared to the normal variation that can occur due to factors like sampling error, statistical noise and seasonal adjustments.
The CPI is calculated based on a survey of prices for a basket of consumer goods and services. This survey data has some inherent variability, and the CPI calculation involves various statistical adjustments that can introduce additional noise into the final figure. Typically, the CPI inflation rate is reported to one decimal place, which means that a 0.1% difference is within the limit of the measurement's precision.
It is important to note that economists and policymakers generally focus on broader trends in CPI inflation instead of small, month-to-month variations of this magnitude. Therefore, a 0.1% difference in the CPI inflation number is well within the normal range of statistical noise and variability in this economic indicator. It would not be considered a statistically significant difference that would substantially change the interpretation of the underlying inflation trend.
1 person likes this.
Reply 13 - Posted by:
downnout 4/10/2024 2:14:52 PM (No. 1696691)
Well, at least this time they didn’t use the dreaded word “unexpected”….
1 person likes this.
Reply 14 - Posted by:
formerNYer 4/10/2024 3:29:40 PM (No. 1696735)
Liars!!! Price rose way more tyhe 3.5% gas alon is up 10+% in the last year and have you checked out the prices of milk, eggs, bread, cars, fertilizer, gas, electric even my garbage pick-up went up 20%
3 people like this.
Reply 15 - Posted by:
red1066 4/10/2024 4:28:29 PM (No. 1696771)
Just reinforces the question as to why the last SS increase was only 3,2 percent.
2 people like this.
Reply 16 - Posted by:
Strike3 4/11/2024 7:08:12 AM (No. 1697091)
More than expected and much more than reported by Grandma Yellen and the rest of the Biden Clown Show. Who are you going to believe, the government or the prices at restaurants, grocery stores, car dealerships, the gas pumps and your utility companies?
3 people like this.
Reply 17 - Posted by:
homefry 4/11/2024 8:10:09 AM (No. 1697127)
That 3.5% works like old timey compound interest used to. Yall remember that? The banks used to tell you all about how compounding interest would make you rich. Well, inflation is compounding now. That 3.5% is of the total of the price NOW, after rising for years.
1 person likes this.
Reply 18 - Posted by:
NamVet70 4/11/2024 8:11:49 AM (No. 1697129)
Unexpectedly!
1 person likes this.
Reply 19 - Posted by:
Zigrid 4/11/2024 10:40:04 AM (No. 1697217)
It doesn't take much to laugh at biden's figures...I know the truth each time I go to the grocery store and tank up my car....ole Joe is a snake oil salesman....my apologies to snake oil salesmen.....
2 people like this.
Reply 20 - Posted by:
Rumblehog 4/11/2024 10:53:07 AM (No. 1697233)
Where's that guy in NYC who protested with his famous sign, "Rent Too High," when we need him most? Did the Dems "off" him, or "pay him off?"
1 person likes this.
Reply 21 - Posted by:
DrOstrow 4/11/2024 11:20:07 AM (No. 1697261)
If what I have read is true ( VERY shaky possibility ! ) as some one else stated the
increases are cumulative ( like compound interest ). 3% THIS MONTH is on top of where prices were LAST month !
3% for EACH of 12 MONTHS gives you 36% annually !!! That means prices DOUBLE every
2 years ( we're well on our way !!! ) and in two MORE years they will have quadrupled !!
Enjoy the ride folks. this IS NOT going to end until the $%^&*() currency printing presses are STOPPED !
Also interesting that I have been told that 'energy' and 'food' are NOT part of the 'mix' - that
eliminates farmers !! And the reason(s) NOT including energy and food are literally a hat full
of BS and double talk, courtesy of your elected 'officials' !!!
1 person likes this.
Reply 22 - Posted by:
MickTurn 4/11/2024 11:23:12 AM (No. 1697265)
AND Joey is bragging, I DID THAT!...then his staff steps in with the Duc Tape over his mouth...
1 person likes this.
Reply 23 - Posted by:
LC Chihuahua 4/11/2024 3:22:32 PM (No. 1697435)
As wasteful government spending increases, so does inflation. Simple as that. The debt continues to increase. What does the government do? Print more money with nothing of value behind it. They either don't understand money or they are all corrupt. I am beginning to wonder if the US is in some kind of unofficial bankruptcy that they aren't talking about.
1 person likes this.
Reply 24 - Posted by:
JimBob 4/11/2024 5:28:55 PM (No. 1697484)
3.5%? They sure don't buy the kind of things that I buy!
I bought 2 tires for the front of the old minivan last May, $94 a tire.
Yesterday I bought 2 tires for the rear of the same minivan.
Did a 'reorder' on the tires.... same brand, same model, same size, same seller.
Price is now $139. More like 40%.... in less than a year!
0 people like this.
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