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Wholesale prices drop in June, U.S. inflation very low due to the coronavirus pandemic (Original Post) mahatmakanejeeves Jul 2020 OP
as long as you exclude food prices which have never been higher, sure we got no inflation beachbumbob Jul 2020 #1
That sure is true. jimfields33 Jul 2020 #2
many adjustments been made for CPI to artificially deflate the actual inflation rate to reduce beachbumbob Jul 2020 #3
Links please. So many myths out there. progree Jul 2020 #5
They include food and energy in the PPI, and the CPI too progree Jul 2020 #4
Sigh. Here we go again. The PPI and the CPI doesn't include this or that, and if they did, progree Jul 2020 #6
How very recession-y. marble falls Jul 2020 #7
 

beachbumbob

(9,263 posts)
1. as long as you exclude food prices which have never been higher, sure we got no inflation
Fri Jul 10, 2020, 09:16 AM
Jul 2020

or gas that gone up 15% and more, sure no inflation, or discussion on raising property tax levies, sure no inflation

jimfields33

(15,450 posts)
2. That sure is true.
Fri Jul 10, 2020, 10:07 AM
Jul 2020

It kinda pisses me off they exclude food. That’s the one area they should count. I’m sure when they started the inflation statistics, most had farms and didn’t have to buy item at the store as much. Times have changed and everything is purchased and expensive like never before. Proof! If things were not expensive, the manufacturer wouldn’t try to keep prices stable by making boxes smaller or taking out multiple items like toilet paper. The biggest crock is the 83 rolls equivalent to 18 rolls. Nuts!!!!!

 

beachbumbob

(9,263 posts)
3. many adjustments been made for CPI to artificially deflate the actual inflation rate to reduce
Fri Jul 10, 2020, 11:29 AM
Jul 2020

COLA increases to SS and other COLA related items. So we have no inflation except for items that arent tracked or CPI does a "substitution"

progree

(10,864 posts)
4. They include food and energy in the PPI, and the CPI too
Fri Jul 10, 2020, 11:34 AM
Jul 2020

Last edited Fri Jul 10, 2020, 12:15 PM - Edit history (3)

And that's the headline figures used almost always.

Food and energy is excluded in the Core PPI, and Core CPI, but those are usually reported deeper down in the article, and seldom in the headlines in my experience.

As it turns out, the PPI (which includes food and energy) in June fell 0.2%, but the Core PPI (which excludes those) rose 0.3%.

Food fell 5.2% and Energy rose 7.7% in June

Over the past year, the PPI fell 0.8%, while the core PPI fell 0.1%.

Looking at the last report, May's for the CPI:
https://www.bls.gov/news.release/cpi.nr0.htm
Over past 12 months,
   CPI (which includes food and energy) was up 0.1%
   Core CPI (excludes food and energy) was up 1.2%
   Food: +4.0%
   Energy: -18.9%

So all of the above numbers are very low inflation (or deflationary) except food: +4.0% (over 12 months).

Next CPI report: next Tuesday July 14

Edited to add: The CPI/PPI surveyors do actually measure the quantity that's in the boxes and cans.

progree

(10,864 posts)
6. Sigh. Here we go again. The PPI and the CPI doesn't include this or that, and if they did,
Fri Jul 10, 2020, 11:47 AM
Jul 2020

it would show that inflation was soaring through the roof.

How do you know?

From something some message board rando posted. But I know (s)he's a wonderfully wonderful progressive so I believe it. Or, it's something that sounds like it might be true, and I don't really care whether it is or not.

Did you think to check on what is and isn't include in the CPI/PPI before posting?

No. Besides they cook the books and its all lies (that was said here during the Obama admin too), so why bother

OK.


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