I'm surprised there's not an inflation thread yet

POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
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Harmonized Index of Consumer Prices: All Items for the United States

And while there was a wave of inflation, it seems to have broken. This is especially clear if you measure inflation the way other countries do. The Harmonized Index of Consumer Prices differs from the regular Consumer Price Index in that it doesn’t include Owners’ Equivalent Rent, an imputed cost of housing that nobody actually pays and is very much a lagging indicator; and by this measure, inflation has already been cut to roughly 2 percent, the Fed’s inflation target:


https://fred.stlouisfed.org/graph/?g=1jPXJ

https://fred.stlouisfed.org/graph/?g=1jPYk

For comparison
Consumer Price Index: Harmonised Prices: All Items: Total for the Euro Area (19 Countries)

https://fred.stlouisfed.org/graph/?g=1jPYI

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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I don't believe the Feds inflation figures. Real life tell me things have gotten a lot more expensive than when Trump was in office.

But, let's say they're correct.

Those graphs don't prices. It's price CHANGE.
And what they say is that, except for 2008 and some brief later periods where the prices dropped (line falls below zero) prices have relentlessly gone UP. Sometimes prices ripped higher at a 10% clip, and sometimes they muddled along at 2.5%, but up they went, month after month.

2.5% inflation may not seem like much, but compounded over 15 years means prices will be approximately 40% higher.

*****

In any case, if oil prices stay high or we start a trade war with China, we can expect to be paying a lot more just around election time.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.

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Quote:

---

Originally posted by SIGNYM:
I don't believe the Feds inflation figures. Real life tell me things have gotten a lot more expensive than when Trump was in office.

But, let's say they're correct.

Those graphs don't prices. It's price CHANGE.
And what they say is that, except for 2008 and some brief later periods where the prices dropped (line falls below zero) prices have relentlessly gone UP. Sometimes prices ripped higher at a 10% clip, and sometimes they muddled along at 2.5%, but up they went, month after month.

2.5% inflation may not seem like much, but compounded over 15 years means prices will be approximately 40% higher.

*****

In any case, if oil prices stay high or we start a trade war with China, we can expect to be paying a lot more just around election time.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.

---

And the much higher rate than 2% over the last 3 years compounded has raised the prices of everything substantially. Though wages have not kept up at all with the rise in price of goods in that time, they have gone up... in some places like California they've gone up quite a bit, particularly among the low wage earners.

What nobody talks about is that the Government doesn't take less taxes here. They take more. Not only do they get more taxes because of the higher wages per hour themselves, but caps on programs and tax savings haven't gone up to match the new wages.

The Federal Standard Deduction (the amount of money you don't pay taxes on if you don't itemize) only went up $750 this year from last. If somebody is only making $750 more than they made last year, they're not keeping up with any rise in prices on anything, let alone their monthly apartment rent.

This should have gone up THOUSANDS every year for the last few years.

Single people making less than $14,600 and married people making less than $29,200, assuming they've got even the most basic level of responsibility, are the people who are using what they make only to live.

At this point, I believe that no single person making less than $30,000 or a married couple making less than $60,000 should have to pay any Federal Taxes. They're already paying 7.65% on Social Security and Medicare on dollar one, and the company they work for is paying them 7.65% less than they would have otherwise because they're "paying" the other half for you.

If they own a house they're paying property taxes. If they rent, the owner is paying premium rental property taxes and you're paying for a portion of that with your rent check. If you drive a car you're paying yearly registration taxes. Anything you buy, with some rare exceptions like food in a number of states, you're paying sales taxes on it.

If the government cares at all about people, especially people in the lower quintile, They'd really ought to double that standard deduction in 2025.

Somebody who made $30,000 per year would have an additional $1,500 to help pay the higher costs of everything. Somebody making only $20,000 per year would still get another $500.

EIC limits should be reevaluated as well. If you were to double the gross dollar amount somebody needed to earn for the peak EIC credit today, it would be between $15,600 and $19,600 (Up from $7,800-$9,800). If you doubled the gross dollar amount they needed to earn to price themselves out of EIC, you'd be at $35,200 (up from $17,600). Now double the amount of EIC credit for each $50 amount of income on the tables...

Under the above circumstances Somebody who earns between $15,900 and $19,600 gross would receive a $1,200 credit. On the low end, somebody who earned only $1

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Speaking of phony inflation numbers...

Quote:

---

Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users"

... In retrospect, it appears the BLS really did have something to hide, because in a follow up from both the NYT and Bloomberg, we now learn that an economist from the Bureau of Labor Statistics was corresponding on data related the monthly CPI print with major firms like JPMorgan and BlackRock, in what Bloomberg said "raised questions about equitable access to economic information." ...

---

https://www.zerohedge.com/markets/scandal-rocks-bidens-labor-dept-lyin
g-about-sharing-non-public-inflation-data-secret-group

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.

NOTIFY: Y  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Quote:

---

Originally posted by SIGNYM:
I don't believe the Feds inflation figures. Real life tell me things have gotten a lot more expensive than when Trump was in office.

But, let's say they're correct.

Those graphs don't prices. It's price CHANGE.
And what they say is that, except for 2008 and some brief later periods where the prices dropped (line falls below zero) prices have relentlessly gone UP. Sometimes prices ripped higher at a 10% clip, and sometimes they muddled along at 2.5%, but up they went, month after month.

2.5% inflation may not seem like much, but compounded over 15 years means prices will be approximately 40% higher.

---

It is easy to plot both percent change per year and absolute price change:

(left, blue) Percent Change from a Year Ago
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average

(right, red) Index 1982-1984 = 100
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average


https://fred.stlouisfed.org/graph/?g=1jQSn <- go to this URL to see month by month change

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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"Obviously, This Is Very Bad News For Biden": Wall Street Reacts To Today's Red Hot Inflation Print

https://www.zerohedge.com/markets/obviously-very-bad-news-biden-wall-s
treet-reacts-todays-red-hot-inflation-print

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.

NOTIFY: Y  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Quote:

---

Originally posted by 6ixStringJack:

Quote:

---

Originally posted by SIGNYM:
I don't believe the Feds inflation figures. Real life tell me things have gotten a lot more expensive than when Trump was in office.

But, let's say they're correct.

Those graphs don't prices. It's price CHANGE.
And what they say is that, except for 2008 and some brief later periods where the prices dropped (line falls below zero) prices have relentlessly gone UP. Sometimes prices ripped higher at a 10% clip, and sometimes they muddled along at 2.5%, but up they went, month after month.

2.5% inflation may not seem like much, but compounded over 15 years means prices will be approximately 40% higher.

*****

In any case, if oil prices stay high or we start a trade war with China, we can expect to be paying a lot more just around election time.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.

---

And the much higher rate than 2% over the last 3 years compounded has raised the prices of everything substantially. Though wages have not kept up at all with the rise in price of goods in that time, they have gone up... in some places like California they've gone up quite a bit, particularly among the low wage earners.

What nobody talks about is that the Government doesn't take less taxes here. They take more. Not only do they get more taxes because of the higher wages per hour themselves, but caps on programs and tax savings haven't gone up to match the new wages.

The Federal Standard Deduction (the amount of money you don't pay taxes on if you don't itemize) only went up $750 this year from last. If somebody is only making $750 more than they made last year, they're not keeping up with any rise in prices on anything, let alone their monthly apartment rent.

This should have gone up THOUSANDS every year for the last few years.

Single people making less than $14,600 and married people making less than $29,200, assuming they've got even the most basic level of responsibility, are the people who are using what they make only to live.

At this point, I believe that no single person making less than $30,000 or a married couple making less than $60,000 should have to pay any Federal Taxes. They're already paying 7.65% on Social Security and Medicare on dollar one, and the company they work for is paying them 7.65% less than they would have otherwise because they're "paying" the other half for you.

If they own a house they're paying property taxes. If they rent, the owner is paying premium rental property taxes and you're paying for a portion of that with your rent check. If you drive a car you're paying yearly registration taxes. Anything you buy, with some rare exceptions like food in a number of states, you're paying sales taxes on it.

If the government cares at all about people, especially people in the lower quintile, They'd really ought to double that standard deduction in 2025.

Somebody who made $30,000 per year would have an additional $1,500 to help pay the higher costs of everything. Somebody making only $20,000 per year would still get another $500.

EIC limits should be reevaluated as well. If you were to double the gross dollar amount somebody needed to earn for the peak EIC credit today, it would be between $15,600 and $19,600 (Up from $7,800-$9,800). If you doubled the gross dollar amount they needed to earn to price themselves out of EIC, you'd be at $35,200 (up from $17,600). Now double the amount of EIC credit for each $50 amount of income on the tables...

Under the above circumstances Somebody who earns between $15,900 and $19,600 gross would receive a $1,200 credit

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