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CPI (includes food and energy) was 8.2% for September 2022
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2022 Oct 13, 6:33pm 1,522 views 5 comments
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2
AD
2022 Oct 13, 6:36pm
AD
2022 Oct 13, 6:36pm
AmericanKulak says
yeah, its going to take a few months until we see housing prices go down... at least rent should remain unchanged, I am thinking...
i noticed in Florida panhandle that apartment complexes are offering specials like 1 month free rent , so I wonder if that is factored into the CPI calculations for housing costs...
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Home House Prices go floosh!
yeah, its going to take a few months until we see housing prices go down... at least rent should remain unchanged, I am thinking...
i noticed in Florida panhandle that apartment complexes are offering specials like 1 month free rent , so I wonder if that is factored into the CPI calculations for housing costs...
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3
AmericanKulak
2022 Oct 13, 6:44pm
AmericanKulak
2022 Oct 13, 6:44pm
There's some juicy cuts happening.
A perfect storm of collapsing prices, finally, due to older Boomers passing/downsizing on one hand and high interest rates on the other.
A perfect storm of collapsing prices, finally, due to older Boomers passing/downsizing on one hand and high interest rates on the other.
4
richwicks
2022 Oct 13, 6:46pm
richwicks
2022 Oct 13, 6:46pm
ad says
Haha, the CPI is just pulled out of some asshole's asshole. Been this way for 30 years. Don't you know what hedonics is?
https://www.investopedia.com/terms/h/hedonicpricing.asp
Basically, steak == hamburgers. There's been no inflation in the cost of a car, because your basic cheapest possible car you can buy has a bunch of useless crap in it, and therefore you bought a much better vehicle than you did in 2000 - even though it costs 4 times as much, it has 4x the features, therefore, there's been no inflation.
i noticed in Florida panhandle that apartment complexes are offering specials like 1 month free rent , so I wonder if that is factored into the CPI calculations for housing costs...
Haha, the CPI is just pulled out of some asshole's asshole. Been this way for 30 years. Don't you know what hedonics is?
https://www.investopedia.com/terms/h/hedonicpricing.asp
Basically, steak == hamburgers. There's been no inflation in the cost of a car, because your basic cheapest possible car you can buy has a bunch of useless crap in it, and therefore you bought a much better vehicle than you did in 2000 - even though it costs 4 times as much, it has 4x the features, therefore, there's been no inflation.
5
AD
2022 Oct 13, 7:00pm
AD
2022 Oct 13, 7:00pm
richwicks says
good point... i remember when I was making $4.25 an hour at red lobster ($8840) in 1985 during high school that there were new small pickup trucks like entry level rangers selling for $4000 ... 4,000 / 8,800 is 45%
i saw today the closest to that is a ford maverick for around $24,000 ... and the same job probably pays about $15 an hour (or $31,200 a year) ... 24,000 / 31,200 is 77%
,
Basically, steak == hamburgers. There's been no inflation in the cost of a car, because your basic cheapest possible car you can buy has a bunch of useless crap in it, and therefore you bought a much better vehicle than you did in 2000 - even though it costs 4 times as much, it has 4x the features, therefore, there's been no inflation.
good point... i remember when I was making $4.25 an hour at red lobster ($8840) in 1985 during high school that there were new small pickup trucks like entry level rangers selling for $4000 ... 4,000 / 8,800 is 45%
i saw today the closest to that is a ford maverick for around $24,000 ... and the same job probably pays about $15 an hour (or $31,200 a year) ... 24,000 / 31,200 is 77%
,
I thought at least September 2022's CPI (include food and energy) would be no more than 7.9%.
I saw that Social Security is going up 8.7% in 2023.
https://www.bloomberg.com/news/articles/2022-10-13/core-us-inflation-rises-to-40-year-high-securing-big-fed-hike
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