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Started By
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Consumer prices rose at annual rate of 2.9% in August
Posted on 9/11/25 at 9:04 am
Posted on 9/11/25 at 9:04 am
quote:
The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation rate at 2.9%.
The Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000, the highest since October 2021.
The reports provide the final pieces of a complicated data puzzle that central bankers will review at their two-day policy meeting that concludes Sept. 17.
quote:
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week.
The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation rate at 2.9%, up 0.2 percentage point from the prior month and the highest reading since January. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%.
For the vital core reading that excludes food and energy, the August gain was 0.3%, putting the 12-month figure at 3.1%, both as forecast. Fed officials consider core to be a better gauge of long-run trends. The central bank’s inflation target is 2%.
On employment, the Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000 for the week ended Sept. 6, higher than the 235,000 estimate and up 27,000 from the prior period’s revised figure. The claims level marked the highest in nearly four years.
The reports provide the final pieces of a complicated data puzzle that central bankers will review at their two-day policy meeting that concludes Sept. 17.
Market pricing indicates a 100% certainty that the Fed will lower its benchmark interest rate, currently targeted between 4.25%-4.5%. However, there has been a slight implied chance that the Fed might choose to deviate from its usual quarter percentage point move and cut by half a point considering weakness in the labor market this year and subdued inflation readings.
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6
Posted on 9/11/25 at 9:29 am to RLDSC FAN
But I was told inflation was under control
Posted on 9/11/25 at 9:44 am to RLDSC FAN
For those of us out in the world, this isn't shocking at all.
I go to the grocery nowadays, buy very little, and what I do buy should be "cheap," and yet it just seems like at the bare minimum I'm paying is 60 bucks.
And I leave the grocery store, time and time again, thinking to myself, "I barely bought anything, how was it so expensive?"
I go to the grocery nowadays, buy very little, and what I do buy should be "cheap," and yet it just seems like at the bare minimum I'm paying is 60 bucks.
And I leave the grocery store, time and time again, thinking to myself, "I barely bought anything, how was it so expensive?"
This post was edited on 9/11/25 at 10:17 am
Posted on 9/11/25 at 9:45 am to gumbeaux
quote:
But I was told inflation was under control
It is. All of these numbers are wrong
We know this cause the BLS was just off by small margin of 2mil jobs in 2yrs
Posted on 9/11/25 at 10:09 am to RLDSC FAN
Tariffs.
Manufacturers are having to raise prices.
Manufacturers are having to raise prices.
Posted on 9/11/25 at 10:12 am to RLDSC FAN
Its a hoax, fake news. Just wait for that to be said by everyones favorite leader
Posted on 9/11/25 at 10:12 am to PorkSammich
quote:
Tariffs
quote:
PorkSammich
Yeah used cars, airline flights and OER are due to tarrifs
Posted on 9/11/25 at 10:36 am to RLDSC FAN
Seems like they've been using any excuse they can to raise prices.
When are wages going to increase to match this inflation?
Posted on 9/11/25 at 11:14 am to PorkSammich
God, the number of you talking out your arse without even looking at the reported numbers is amazing.
Housing. Housing was the main driver of this figure. Its there, in the report if you cared.
Housing. Housing was the main driver of this figure. Its there, in the report if you cared.
Posted on 9/11/25 at 11:16 am to LSUnation78
quote:
without even looking at the reported numbers is amazing. Housing. Housing was the main driver of this figure. Its there, in the report if you cared.
TDS is live and well on this board.
Posted on 9/11/25 at 11:16 am to RLDSC FAN
All we have to do is hold off til DAY ONE
This post was edited on 9/11/25 at 11:23 am
Posted on 9/11/25 at 11:20 am to LSUTANGERINE
Oil prices are keeping overall tapped down
can't last forever- we need to build more housing ....period
can't last forever- we need to build more housing ....period
Posted on 9/11/25 at 11:47 am to LSUnation78
quote:
Housing. Housing was the main driver of this figure. Its there, in the report if you cared.
Can you build, maintain, or even furnish a home with appliances without running into tariffed goods
Posted on 9/11/25 at 11:49 am to gumbeaux
quote:
But I was told inflation was under control
It's called short term pain for long term gains. Still not as painful as the last administration at least.
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