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Started By
Message
December core consumer prices rose at a 2.6% annual rate, less than expected
Posted on 1/13/26 at 7:50 am
Posted on 1/13/26 at 7:50 am
quote:
Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates.
Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics reported Tuesday. Both were 0.1 percentage point below expectations. Though they look at both measures, Fed officials consider core inflation a better long-run gauge of where inflation is heading.
On a headline basis, the CPI posted an increase of 0.3% for the month, putting the all-items annual rate at 2.7%. Both were exactly in line with the Dow Jones consensus estimate.
The Fed targets inflation at 2% annually, so the report provides some evidence that the pace of prices increases is moving back to target but remains elevated.
LINK
quote:
Food prices were up 0.7 percent in December alone and up 3.1 percent over the past year.
LINK
This post was edited on 1/13/26 at 7:51 am
4
Posted on 1/13/26 at 8:07 am to ragincajun03
Many on the left are whining and saying that prices need to go down. But if you ask them if they want deflation they get quiet pretty quick. It's all a show. But they're too dumb to realize that the reason the right was so up in arms during Biden's tenure with the rampant inflation is because once it happens it's difficult to go back without serious implications.
But no, they took it hook, line, and sinker when Biden said "it's a little blip and it's going to go back down"...a quote that preceded two straight years of massive inflation.
But no, they took it hook, line, and sinker when Biden said "it's a little blip and it's going to go back down"...a quote that preceded two straight years of massive inflation.
Posted on 1/13/26 at 8:10 am to ragincajun03
So no need for more rate cuts? 
Posted on 1/13/26 at 8:14 am to Chucktown_Badger
I’ll take this news over the opposite which is what we lived in for 4 years under Biden.
Making energy cheap really did a number on inflation.
Making energy cheap really did a number on inflation.
Posted on 1/13/26 at 8:14 am to Chucktown_Badger
Affordability should never be a partisan issue. Your post really belongs on the political board. The price of groceries is still high and that affects everyone regardless of left and right or red or blue.
Posted on 1/13/26 at 9:00 am to ragincajun03
I think the Fed has quietly given up the 2% target and is now just hoping to keep inflation under 3%.
Posted on 1/13/26 at 9:02 am to Bard
Food 8.4% annual rate
Good to exclude
Good to exclude
Posted on 1/13/26 at 9:02 am to Paul Allen
quote:
Affordability should never be a partisan issue.
Agreed, that's why we all tried to speak up about it under the Biden regime. It's not even being political really. That's when the most rapid and intense inflation happened..and has since leveled off under Trump. t's not partisan to point that out.
quote:
Deflation is bad because it causes a vicious cycle: falling prices make consumers delay purchases, expecting lower prices later, which reduces demand, causing businesses to cut production, wages, and jobs, further lowering spending and worsening economic conditions, while simultaneously increasing the real burden of debt, leading to defaults and stagnation. This can spiral into a deep recession or depression, as seen in historical examples, and limits central banks' ability to stimulate the economy through interest rate cuts.
This post was edited on 1/13/26 at 9:05 am
Posted on 1/13/26 at 9:10 am to Bard
2% was thrown out there by someone in the 80s from New Zealand, and the Fed loosely used that for a couple of decades until it formalized that target in 2012. A couple of years back, there were rumblings that the Fed was unofficially trying to get sub 3% as a target for the covid-related inflation issue, and then massage it down from there.
Posted on 1/13/26 at 9:18 am to Chucktown_Badger
quote:
Many on the left are whining and saying that prices need to go down. But if you ask them if they want deflation they get quiet pretty quick. It's all a show. But they're too dumb to realize that the reason the right was so up in arms during Biden's tenure with the rampant inflation is because once it happens it's difficult to go back without serious implications.
But no, they took it hook, line, and sinker when Biden said "it's a little blip and it's going to go back down"...a quote that preceded two straight years of massive inflation.
The vast majority on this board were pining for deflation for years.
Posted on 1/13/26 at 9:21 am to Yaboylsu63
quote:
Making energy cheap really did a number on inflation.
Energy was dirt cheap for most of Biden's term. Decent little spike in the first half, but it relative to everything else energy was very very cheap for a lot of Biden's term.
The headline inflation number with energy and food counted in the calculation was almost always lower than the core inflation number with energy and food stripped out in the 2nd half of his term.
Posted on 1/13/26 at 9:25 am to ragincajun03
RogerInTheCuckChair is in shambles
Posted on 1/13/26 at 9:44 am to BottomlandBrew
quote:
A couple of years back, there were rumblings that the Fed was unofficially trying to get sub 3% as a target for the covid-related inflation issue, and then massage it down from there.
I hadn't heard that, but it wouldn't surprise me. If that's the case, I think they severely underestimated how much COVID screwed the economy as well as didn't think Congress would just go forward from there was $2T deficits as their baseline instead of their high-water mark.
Posted on 1/13/26 at 10:05 am to Chucktown_Badger
quote:
But if you ask them if they want deflation they get quiet pretty quick. It's all a show
Pretty sure your avg person has zero idea what deflation is or what it does.
Posted on 1/13/26 at 10:18 am to Bard
China virus sure fricked with our economy and many others in the western world. Maybe by design?
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