Inflation back to 2.7% (still 10% lower than JAN2025)

[LudicrousSpeedGO!]

https://www.marketwatch.com/story/inflation-shows-biggest-increase-in-five-months-dims-chances-of-fed-interest-rate-cut-soon-ef1068a3?mod=mw_latestnews

Apparently, most of the uptick is increase in energy prices which were 0.9% greater for this month.

 

[DJ Spanky]

Actually kind of surprised inflation didn't tick higher given the unsettledness of the world right now particularly with what happened in Iran.

 

[LudicrousSpeedGO!]

Actually kind of surprised inflation didn't tick higher given the unsettledness of the world right now particularly with what happened in Iran.

True, but that kind of shut down pretty quickly. It could have been much worse in that region and thus much higher energy costs. As it is, without further flair ups, I think energy costs will be way down by winter. OPEC has increased production a couple of times now.

 

[bdroc]

https://www.marketwatch.com/story/inflation-shows-biggest-increase-in-five-months-dims-chances-of-fed-interest-rate-cut-soon-ef1068a3?mod=mw_latestnews

Apparently, most of the uptick is increase in energy prices which were 0.9% greater for this month.

I heard that the slight increase was due to owners equivalent rent.

 

[LudicrousSpeedGO!]

I heard that the slight increase was due to owners equivalent rent.

I did see something about that as well. I just saw the 0.9% energy increase month over month which was 3x the CPI increase. But I think that you are correct.

 

[interrobang]

https://twitter.com/x/status/1945163693722943525

 

[DJ Spanky]

True, but that kind of shut down pretty quickly. It could have been much worse in that region and thus much higher energy costs. As it is, without further flair ups, I think energy costs will be way down by winter. OPEC has increased production a couple of times now.

My biggest concern is that Iran decides to be a bitch and closes down the Strait of Hormuz. It'd be biting off your nose to spite your face for them, but then again sanity isn't exactly an enduring trait for them.

 

[LudicrousSpeedGO!]

My biggest concern is that Iran decides to be a bitch and closes down the Strait of Hormuz. It'd be biting off your nose to spite your face for them, but then again sanity isn't exactly an enduring trait for them.

I don't think that happens. They lose too much.

 

[AnyNameYouWish]

My biggest concern is that Iran decides to be a bitch and closes down the Strait of Hormuz. It'd be biting off your nose to spite your face for them, but then again sanity isn't exactly an enduring trait for them.

The idiom is "cutting off your nose to spite your face," not "biting off your nose to spite your face."

Good lord.

What kind of a jacked up face do you have where you can bite off your own nose?

 

[interrobang]

https://twitter.com/x/status/1945105561478984005

 

[DJ Spanky]

I don't think that happens. They lose too much.

I agree. But, again, they're religious fanatics who use religion as a way to control the populace, so you never know.