r/WallstreetWhales • u/Spade_of_Trades • 13h ago
NEWS September CPI inflation rises to 3.7%, above expectations of 3.6% Core CPI inflation rises to 2.6%, also above expectations of 2.5%. This officially marks the third highest US inflation reading since September 2023. Rate hike expectations are rising on the news.
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u/dmstattoosnbongs 12h ago
And this is WITHOUT GAS GROCERIES OR ELECTRIC.
And the reality is 10x worse then they say.
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u/StatusStudies 5h ago
You could just go on bls and look at the data? Report says energy overall was 20%
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u/fatherlyadvicepdx 13h ago
Someone at the Department of Labor is getting fired today
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u/StatusStudies 5h ago
Labor doesn't report inflation fking morons
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u/fatherlyadvicepdx 5h ago
The US Bureau of Labor and Statistics reports the CPI. That Bureau is part of the Department of Labor.
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u/StrawberryOk8459 13h ago
How is it really inflation when it's based on outrageous fuel prices because of Trump??
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u/estoypooping2 13h ago
Google what CPI is
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u/StrawberryOk8459 13h ago
I know what it is just saying it's bullshit when it has happened because of a war no one wanted.
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u/Future-Bandicoot-823 12h ago
What? That can't be true...
Brian kilmead told me yesterday he's fighting tooth and nail to stop these Democrat started wars!
/s, but he does say that
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u/115zombies935 12h ago
It doesn't matter what's causing it. The fact of the matter is this is happening and there ain't much that you can do about it. unless Americans finally wake the fuck up and do something about their shitty government, because realistically civil war should have broken out years ago. I have been predicting a US Civil War every year, basically since 2018. Because as an outsider looking at your government, I legitimately do not see a different option available to you other than basically replace everybody on both sides of the political spectrum, dissolve both current political parties. and build an entirely new government from scratch, somehow without needing a second civil war, which isn't happening, which means you're going to need a second civil war.
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u/StatusStudies 5h ago
Voting and billionaires rigging the votes prevents that... Oh btw in order to have something that you would need competent leaders an unifying message Supporter turnout But none of that ain't happening
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u/J-BangBang 12h ago
Just tell the gas station and grocery store workers that you didn’t want this war and they’ll apply your “I’m against a pedophile president starting unjust wars and handing out tariffs like candy” discount. It’s not that hard.
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u/henryeaterofpies 11h ago
They made the classic blunder....don't have both miss the target by the same amount, it makes it obvious its fake. /s
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u/Own_Exchanger 10h ago
It's important to understand that the 3.7% number assumes we only had 0.1% increases for last October and November when the Republicans shut down the government. Those two months were likely much higher. We are likely at a minimum of 4.1% if we assume inflation those two months was at least 0.3% each.
https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth
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u/Rabid_Bee 13h ago
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u/Work-Sport-Fun 10h ago
where was this when biden had some crazy cpi numbers?
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u/Rabid_Bee 10h ago
you actually believe he wasn't being grilled for inflation? why do you think Harris lost? lol
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u/Work-Sport-Fun 10h ago
I'm not talking about the general public, I'm asking about you.
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u/StatusStudies 5h ago
Lol loser
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u/Work-Sport-Fun 5h ago
classic. "big orange bad... idc if other presidents did the same thing, i liked them, not orange man"
Reddit is wild. Sad, actually.
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u/easttxcouple 13h ago
.1 higher. That’s hilarious. Not news
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u/LaiqTheMaia 13h ago
If it was already expected to be bad, and its even worse than that, thats news.
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u/CannabisnCokee 12h ago
Historical average since 1914 is 3.3%.
We’re acting like 3.7% is the end of the world lol
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u/Own_Exchanger 10h ago
It was coming down at the end of Biden's term, then tariffs and the war increased the cost of everything. 2% is healthy, 4% is not. And keep in mind that the real number is likely higher than 4% because the BLS didn't report numbers for last October and November, so they've been assuming 0.1% for each of those months, which is unrealistic. And to make things worse, wages aren't rising like they did under Biden and interest rates are going higher.
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u/easttxcouple 8h ago
It was expected. That’s because inflation is always expected. It was essentially what was expected. This is not hard
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u/StatusStudies 5h ago
Do you know that's monthly and not annualize number damn ignorant
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u/easttxcouple 5h ago
No retard, that is NOT what it means. It means in the last 12 months. It’s a trailing indicator. Maybe take an economics class before you start calling people names
Headline CPI measures the average change in consumer prices over the previous 12 months, including food, gasoline, housing, medical care, and other consumer purchases.
If CPI is 3.7%, that means the basket of goods and services measured by the government costs approximately 3.7% more than it did a year earlier.
It does not mean prices increased 3.7% in September alone.
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u/Witty_University_162 13h ago
https://giphy.com/gifs/I3WAJgc0J61Xxkff5o