#2 | Posted by ScottS
Just no.
"Housing prices actually increased by .3%"
That's Shelter all together. Not housing prices which dropped and dragged down the Owners Equivalent for Shelter. Was already posted last week.
"as did energy prices as natural gas and electricity increases offset dropping oil prices"
Yeah, fuel oil and gasoline offset natural gas and electricity...so not a promise kept?
"energy is explicitly EXCLUDED from core inflation"
You are thinking of FUEL oil. Not Oil itself. Yes buddy, but Oil/Gasoline prices affect the cost of manufacturing and transportation that uses oil/gasoline. You think Plastic grows on trees? You think trucks, ships, and airlines delivering products run on happy thoughts? Lower Oil/Gasoline costs mean lower product increases dragging down the CPI increase.
"Grocery prices as in 'in home food' fell by .4% led by eggs dropping over 12%."
Yep, IN HOME FOOD prices dropped because of eggs dropping a whopping 12.7% from last month's insane high. The index for meats, poultry, fish, and eggs fell 1.6 percent only because of the Egg drop. Food away went up .4%. But as you said, none of this is in the Core Basis. Overall food prices went down .1%...because of Eggs primarily. And is offset by the Food at home increase of a whopping .5% last month!
"Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods."
Donald Trump, 8/9/24
"HA HA Prices only went up .2% instead of the predicted .3%! Promises made / Promises kept."
-ScottS, 5/13/2025
You are literally explaining to us that prices went up. You understand that, right?
Oh and inventory on the shelf is depleting. I suppose all the businesses who stocked up before tariffs had to run out sometime. But why listen to the actual companies when you have your own opinions?
www.modernretail.co