0% Inflation!

[RSF]

On 3/12/2024 at 12:47 PM, bornontheblue said:

O god dammit, can I just come out and say who he was? 

@halfmanhalfbronco

 

[toonkee]

On 8/10/2022 at 9:37 AM, IanforHeisman said:

I’m 41. At 18 I made minimum wage and paid for my own 1 bedroom apartment on campus with a full view of Bronco stadium. I could pay my bills and have a few dollars to play with. 
 

That’s what struggle used to be..  you couldn’t rent a tent in someone’s back yard on minimum wage now.

True, but maybe a better way to look at this would be what would that current job pay? My first job was a grocery bagger at minimum wage 4.25/hr. They get double that now and that's more than min wage. Not saying that's enough to live on, but I know McDonald's and Taco Bell were advertising 20/hr.

[IanforHeisman]

On 3/12/2024 at 4:33 PM, toonkee said:

True, but maybe a better way to look at this would be what would that current job pay? My first job was a grocery bagger at minimum wage 4.25/hr. They get double that now and that's more than min wage. Not saying that's enough to live on, but I know McDonald's and Taco Bell were advertising 20/hr.

Cost of living has increased at such a faster rate than wages have.. minimum wage doesn’t meet its own standards anymore.

 

 

[grandjean87]

February PPI #inflation +1.6% year/year vs. +1.2% est. & +1% prior; core PPI +2% vs. +1.9% est. & +2% in prior month.

https://x.com/lizannsonders/status/1768264415835795705?s=46&t=UoI8YN4izCZ9WWyT63rcbg

In month/month terms, PPI #inflation +0.6% vs. +0.3% est. & +0.3% prior; core +0.3% vs. +0.2% est. & +0.5% prior.

Core producer prices rose less than headline (overall).  Kind of a mixed bag w/employment and wage data news.  Inflation doesn't appear to be in the 2% annualized goal range, but the market reacted calmly.  June or July, first rate cut coming.  Just in time to juice the economy before the election?  

[toonkee]

On 3/14/2024 at 8:13 AM, grandjean87 said:

February PPI #inflation +1.6% year/year vs. +1.2% est. & +1% prior; core PPI +2% vs. +1.9% est. & +2% in prior month.

https://x.com/lizannsonders/status/1768264415835795705?s=46&t=UoI8YN4izCZ9WWyT63rcbg

In month/month terms, PPI #inflation +0.6% vs. +0.3% est. & +0.3% prior; core +0.3% vs. +0.2% est. & +0.5% prior.

Core producer prices rose less than headline (overall).  Kind of a mixed bag w/employment and wage data news.  Inflation doesn't appear to be in the 2% annualized goal range, but the market reacted calmly.  June or July, first rate cut coming.  Just in time to juice the economy before the election?  

 

[grandjean87]

On 3/15/2024 at 10:59 AM, toonkee said:

 

lol. I think there are some new high protein, gluten-free versions so there's that. 

Iirc, swapping out of more expensive consumer goods into relatively cheaper ones is reflected (somehow?) in the PCE metric of inflation so I guess the noodles help.