does it include energy and food? The real calculation (not something I read on the internet or produced by the dems) is 16% since January 2021. Also, retirement COLA's are rearward facing - i.e. they never catch up with inflation.
The 2% is included in the 16%. (It cannot be July as July still has 8 days left. It is June over May.) Anyway, gas is up 12.34% over the period 01 May to 21 July (covers the 2% inflation period).
16% is the comparative number. You can make up any calculation you want, but 16% is the REAL number since January of 2021.
That may be true but inflation is reported on an annualized basis - always has. Regardless, people base their investment decisions on today’s information - not from 2021!
If anyone believes that, please contact me - I want to sell you some prime ocean-front property in Oklahoma.
https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html The Fed just hiked the interest rate another quarter point to fight inflation. The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5% While policymakers indicated at the June meeting that two rate hikes are coming this year, markets are pricing in a better-than-even chance that there won’t be any more moves this year. Chair Jerome Powell said the central bank will make data-driven decisions on a “meeting-by-meeting” basis. The Fed ain't fooling around. They're out to stop this inflation, and keep it stopped, even if a (mildish) recession results.
Fed's Favorite Inflation Indicator Tumbled In June, But Wage Growth Reaccelerated | ZeroHedge In latest report, headline inflation down to 3.0% and wages are up: June Private wages and salaries +5.9%, up from 5.8%, and the highest since Oct 2022
Hopefully, you really don't believe about any economic data is put out by the US Government (by either party). Check the grocery store and the gas station will tell you everything you need to know.
I’m getting dizzy from all the ways to measure inflation. All I know is everything costs me more and I stay pissed, not good for my heart.
Inflation and high prices are not the same. You can have high prices from past inflation and low inflation now. Again they are not the same.