CPI Inflation Report: Inflation Rises Again in The USA
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- Опубліковано 12 гру 2024
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Inflation is going to reaccelerate and the optimism survey is bullshit. Those are my thoughts, Brian.
KEEP BRIANS NAME OUT YO EFFING MOUT!
@@connora00 The Fed soon will lower the rates to 0% in order to have the Government to service the debt. Then the inflation will skyrocket to 15-20%. The debt will increase and the interest on the debt will go ballistic. This will turn to a hyperinflation and when the middle class is all wiped out and the majority is living on welfare checks they will bring the CBDC and the universal basic income. This is where we are going.
@@connora00 and then they’re going to spike interest rates and crash THE SHIT out of the economy under Trump to blame it all on him. Democrats are trying to secure 2028.
For get reaccelerate im waiting for a overnite superspike..
If that is true home prices will go up faster and so will rents, I can charge my tenants. That sounds like good news to me.
Just leaving grocery store...NOT feeling optimistic...feeling a bit stunned. And shopped at Aldi!
Quarters in high demand at Aldi
These chocolate covered pretzels I like just went up 18% overnight..
dang now you gotta buy regular pretzels and dip them in chocolateyourself. @jonathantaylor6926
The trick is don't buy everything at Aldi, their prices are higher on certain items.
I love ALDI's German cookie 🍪 assortment. 😅
Just a reminder that if inflation is down, that doesn't mean prices will go down. Just that the rate that those prices are increasing at a slower rate. Groceries are still going to be expensive unfortunately
Lots of people here still don't understand that
Prices going down is deflation and they always try to convince us that's bad.
@@Kipytx Deflation is undoubtedly not a good thing.
@@avs-forumsure, for the rich. All their poor assets go down in value during deflation
Nominal prices dont matter. Purchasing power does.
I won’t even say how much I spend on groceries. I’ve stopped buying extra items and just buy the bare minimum each week.
I won't say because oddly, it brings out people who attack you for spending "so much." I legitimately think most people online shop in 2000 or 2002, I will never be able to eat for a month on less than $800 and I am not in an expensive area and I cook cheap items at home. But there is a segment of, ironically, the left, that comes out and cherry picks prices from Walmart in Kansas and then says I must be overspending. Same thread occurs every time I mention grocery pricing.
My wife and I spend ~$1k-$1200/mo on groceries to feed the two of us. We don’t eat extravagantly, we cook almost all meals at home, and I’m not including food out in that total. We just refuse to eat fake food, and buy only whole, real ingredients. It’s expensive.
@@ea_gaming Agreed. This is why the idiots online chastising us for having hidden spending when we can't feed a family on $600 or so piss me off. Cereal is approaching $7, bread is $4, cold cuts are $14 a pound, ketchup $3.50, bag of potatoes $4. Bananas are the only cheap item left. Even eating a basic carbs meal at home, you're spending $1000 a month
Y’all are buying expensive items and crying about it online. Nobody feels bad for your decisions. I feed a family of 5 with about $600 per month in groceries living in a large metro. It’s possible make sacrifices and stop crying. You can do it.
Get the things that are on sale, coupons, etc.
In my opinion the Fed should NOT lower rates in December.
Yeah well the FED is not as smart or perhaps more importantly, as honest, as you. There's a reason you don't work at the FED!
The FED soon will drop the rates to zero in order for the Government to service the debt.
Then we will see real inflation and later hyperinflation and boom. Here is the new save heaven the CBDC.
Oh, I forgot Trump will save us. Hahah😂
Fools, Trump is a great actor and he is selected to accomplish the tokenization u like it or not.
Trump was selected not elected. Can somebody tell me where are the 15M votes. They are missing.
They’re not lowering the rates for us. They’re lowering the rates to save OUR GOVERNMeNT.
idiot take
Central Planners in London: " Everything is going as planned "
As a Small Business Owner, I can definitely say the consumer optimism survey is crap. Every single person I get through my doors is having issues. My shop is mid- to high-end, and they are not immune to the increased cost of living. Low-end customers dried up and disappeared around 3 years ago; mid-end had been strong up until around August, and now the higher-end customers seem to be slowing down, too. This could get very interesting.
American revolving debt is up. Never underestimate the power of dilusional thinking.
@@e1000sn It's interesting you say that, because as of late, I have had an increase in people using financing for their bigger purchases.
@@e1000snexactly! So why would anyone in government want to cut taxes for the most wealthy when the majority of people are struggling?
I do frequent business lunches. I am not in a large metro area. the restaurants are empty. These places are not going to make it and ALL are looking for help. there is no one out there to even man a grille
@@jimk4267hello - i live in Buffalo ny area. For dinner time the restaurants, where to spend 30 to 40 per person, are all busy and have to wait and many need reservations one to 2 weeks advance for friday or Saturday. So middle class here doing good.
Btc: 100.000$
Tesla: 420$
Houses: 60% up from 4 years ago
Gold: 2.753$.
The american dollar is just becoming paper.
The Optimism is due to the new administration coming in. They have a little bit of hope that they'll be alive in the next 4 years.
Yeah well the problem is eventually the debt markets are going to figure that out. The US Treasury just dumped 40 billion in 10 year paper today and had no issue selling it at 4.2%.. I smell a scam because who in their right mind is buying that garbage? I think the FED is sending money to foreign central banks and having them buy US treasures.. because I wouldn't loan the Government money for 10 or 30 years with my enemies money.
Well obviously we need rate cuts! LOL clown world
@@michaelminauro4180 With 60% inflation? If they're optimistic they're not very smart.
Actually hope to be alive
I don't need all these numbers. I was in a hospital in Miami for work today. I bought a ham and cheese croissant. It was $10!
Who forced you to buy in tourist trap overpriced miami?
@WELVAS. You will be broke too someday, dumbass. Stop chastising your fellow human beings and start advocating for livable conditions. Dickhead
F that I'll skip lunch!
@@JohnnyDouchbag-nr5yfdo not eat.. Simple
Go to Starbucks the same thing is only $7.50 there
Hahaha
Went down just long enough to give a crap 2.5 COLA
But it's totally organic, honest.
Agree!
Spot on!
Exactly. Same shit every year
Exactly
exactly!
Even if inflation slows, prices WILL NOT GO BACK DOWN. Once the dollar deflates, it doesn't go back down with the possible exception of an economic recession or depression.
My grocery expenses, for a family of four, have officially surpassed my mortgage payment.
Omg 😱 how old are your kids? All boys? Teen boys eat a lot. I deff. Understand.
Wow, you must have a low mortgage balance and phenomenal rate. Good for you👍
time to switch to hotdogs and bread.
@ Two boys, 14 (who is built like a high school varsity football player), and 11.
I know the feeling, I have 4 girls ages 20, 16, and twin 11 year olds and a 4 year old son. Our grocery bill is crushing us every month
Good thing the Feds cut the rates 😑
When I grab a few things at the grocery store and it fits in one bag but $90…something is definitely wrong.
Working full time and jobs won't even offer overtime to cover any bills to get food
I was just looking at hamburger meat, 12 patties $20 at my Walmart. There goes 1 hour of work, didn't even buy the cheese or tomatoes, or extras yet.
Chicken in a bag $10
Yea at this rate not too far off from $90 a bag
Easy to see why eating out is so expensive.
I remember my parents getting everything for about $120 a week for 4 of us. I can't do that now unless I go to cheap meals.
Our power bill went up, home insurance went up 65%, property tax went up, yeah, we are doing great………….
Saw this one coming in my grocery prices
Exactly. When the grocery store raises prices its not by 3% that's for damn sure.. I honestly wouldn't probably fully notice a 3% difference.. the price hikes are more like 10 or 20%.
@@jonathantaylor6926 This is month over month. Not overall inflation. Meaning prices are up 3% compared to last month. That's all it is. You can't compare what stuff cost 6 months ago to these number because that's not what these numbers are.
@@jonathantaylor6926if you compound 3% over a year or two it does equal an overall 10% of an increase. It wasn’t up 10% in one month it was 10% in a whole year of compounded inflation.
Strange because the chocolate covered pretzels I like just went up 18% overnight.
@@jonathantaylor6926 in one day it spiked? Maybe you just noticed the spike and went woo that went up a lot.
3.3% on top of the 90 % inflation we are all currently suffering now.
They're cutting interest rates out of panic and desperation
no they are not, they are cutting interest rates to normalize them back to the neutral rate (~2.75%) , that's why the stock market is at all time highs
They are cutting interest rates because that fuels inflation.
They are purposely making it as difficult as possible for President Trump to fix it.
Powell and Yellen are ruining our economy.
But the long end of the curve isn't having it. every time the FED cuts the long end goes up... the FED is going to "cut" us into 10% mortgage rates. The longterm debt markets don't give a flip about the FEDs overnight rate.
@@weho_brian The "neutral rate" is an abstract number. A guess. They are wrong.
@@weho_briansorry genius there cutting rates cause interest on 36.2 trillion is bad for business 😂😂😂😂
Amigo, the real inflation is around 8%. This is the budget deficit. Increasing the money supply every ear by 2.2 Trillion
They really should measure inflation in terms of the rate of M2 supply increase
So we're stuck with high inflation for the foreseeable future
The problem is sooner or later the bond market is going to figure that out... perhaps that has already started to some extent but financial psychopaths are still loaning Uncle Sam 30 year debt for 4.47%. In 30 years they might as well just pay you back in confetti.
The inflation rate is not that high. It’s not ideal but it’s not significant. Cumulative inflation from the last few years is a lot but that’s permanent, despite most people not understanding the difference.
Going to get worse with Chump's tariffs.
@@johnc3525yeah Kamala would have turned it completely around😂
@@mn8os She wouldn't have poured gasoline on the fire with inflationary tarrifs.
Brian just remembered how u got me through the 2020 covid government shutdown with your daily updates,I will be forever grateful and remained subscribed for ever.
Imagine if your local weatherman was as accurate as the Federal Reserve
Why did the weatherman's wife leave him? Because he only hit it right about once a month.
Walmart grocery shopper here and no I am not optimistic. That chart is inaccurate of the average American right now.
Food inflation went up 0.5% just in one month but the Fed may not care because they feel it won't go up long term. SMH
Inflation was already up, the goverment lies to you and tells you that Inflation its low.😂😂
Yes that's why our social security cost-of-living allowance is only 2.5% this year, because we are doing so good! 🙄
Don't forget Biden had a wonder economy, we should all be so lucky.
Going to Cancun for Xmas
@@blkacdevl2517yeah it had nothing to do with corporations, and their records profits. All on the government 😂
That's why this administration had to lie about the 818k jobs they supposedly added because we're doing so good.🙄🙄
Like Ron Paul said as long as we have the FED Reserve we will continue to have this issue period.
This all Hogwash.. Customers are being very mindful of spending, small businesses are feeling it BIG!! I was just at ALDIS prices are up.. Prices are up in CVS... Basic necessities are sky rocketing....
I think people are optimistic because a new president has been elected. in reality, the situation is deteriorating despite their beliefs
I spent 180.00 on groceries and still have no groceries!
I knew they NEVER should have dropped interest rates when they did. It was too early.
They should have started hiking rates in like 2014... they were nearly a decade late.
Interest rates are not the problem, government spending is the problem.
They wanted to win election........but it failed
@@thomass5169 Modern Monetary Theory suggests it is how the funds are invested, not the spending.
@@thomass5169 It's both. Interest rates are a way to force government spending cuts.
Truflation has inflation at 2.93% which is the highest read for the year and is up 0.09% just from yesterday.
I glanced at the report, and my overall trust in the numbers went down.
Healthcare is factored in, but i have yet to find a healthcare provider that can provide pricing without an insurance provider. How could the numbers be close to accurate?
Same goes with other services. Prior to the pandemic auto repairs seemed to cost much less both in hourly rate and in end cost.
Inflation up, tariffs coming, and the markets keep going up. Man, this is going to be ugly when the crash comes...
More money printing and hyperinflation before a crash is supported. Won’t happen. Can’t crash the market this time, they’ll hyper inflate as much as they need to hold off any possible depression of money. Who gets all this money that’s printed? The ultra rich. Corporate America. None of it makes it down to middle and poor class.
go as planned. you don't think so???
Yep very ugly.... seems like nobody cares until....sht blows up
Markets will only crash if there is a loss of consumer confidence. Otherwise, there will be a melt-up.
I always dislike the CPI graph because it's very misleading. That 2.7% rise is on top of the rises that have occured since it went all the way up to 9% and even before that. Prices have been going up compounded and that is what people are feeling.
Cutting rates as inflation rises , seems like this has been done before and it didn't work out that time either
Yea, that survey is BS. 3:43
I think for people who are already home owners, their financial optimism might be pretty high right now. But those who are trying to buy a home or have just given up on the housing market, not so much.
Get used to it. It's here to stay regardless of leadership.
Absolutely correct
Going to get worse with tariffs.
Yep, stealth tax oops I mean inflation.. is something both sides enjoy :)
@@johnc3525 Wrong.
@@thomass5169how are they wrong? Please explain.
My insurance went up 28%. Maybe put insurance companies in charge of inflation statistics, they seem to be dealing with reality
Gosh… Americans may be blindsided by the hopes of a new administration stepping in but the facts of the matter is that the numbers show opposite… there’s no reason for optimism at all.
😢😢😢😢The cost of food went up another 15%. The must have polled the upper, upper middle class and wealthy because we are not optimistic
All the people feeling optimistic about their financial situation bought a house 4 years ago with a 3% interest rate
I’m one of those people but any gains are locked up in equity, money is still tight (and tighter with home maintenance costs) and I’m still not feeling optimistic. That survey was BS.
Yes, these are the only ones, and the boomers
Taxes, insurance, maintenance all up regardless of when you bought.
House paid off but everything else increasing.
And Still i am Not optimistic
That’s why the box of 60 eggs went from $10.99 to $19.98 at Walmart!
I'm sorry, but why are you buying boxes of 60 eggs? Are you an omlette store?
Inflation & price gouging exists, but people are forgetting that birds have been greatly affected by the avian flu in the last 2 years. They have to cull the entire flock/farm when the virus is detected and they've had to kill millions recently. I thought this was common knowledge?
3 eggs per person per day goes fast. A family of 3 could consume 54 eggs in 6 days. Let's drop it to 2 per person and your 60 egg supply will still be gone in only 10 days.
Wait, are you one of those weirdos that HAS to shop for groceries daily?
@@LilC1deep I literally have chickens. We have eggs all the time because it's basically a byproduct of our pets (let's face it, you don't really "save" money on eggs owning chickens) And still, we're not averaging two eggs per person per day; That's a truly absurd amount of eggs. There's not enough lipitor in the state to save my heart from that level of egg consumption.
Might have to whittle it down to 1 egg/day.
@@LilC1deep
Nothing has gone down. It’s still going up.
It’s not going to go down unless there is a deep depression . It just needs to slow relative to wage increases
down would be deflation, so these reports would have to show negative numbers. less inflation only says prices are going up slower
I shop exclusively at COSTCO. I stopped eating out completely. I eat nothing but chicken, rice, protein, and vegetables, and still spend close to $300 a month on food living by myself. The cost of everything has just gone up. They already mentioning not wanting deflation, so I'd say we're pretty screwed.
I think there is a 100% chance we are all screwed. Just convinced things will continue to spiral downward.
Egg price go up again by 10-20% ....crazy !!!
Inflation & price gouging exists, but people are forgetting that birds have been greatly affected by the avian flu in the last 2 years. They have to cull the entire flock/farm when the virus is detected and they've had to kill millions recently. I thought this was common knowledge?
and suddenly there is a "shortage"
It’s already inflation skyrocketing.. no more deflation
Never had any deflation to begin with.
There will be deflation in non-essentials.
@@appakinggg I think he means micro-deflation in the food/energy sector.
No deflation in housing or autos though.
We haven't had deflation in like 20 years.
@@clintfultz1811 There will be deflation once there is a liquidity crisis but that will not happen until the markets comes to understand that "higher for longer" means higher for longer. The markets still think the FED is going to save them.
After reading book titled The Elite Society's Money Manifestation, I finally understood why so many people struggle with money. It reveals stuff that most people don’t even know about how money really works. Has anyone else read it?
Who is it geared towards? Every day person?
@@johnwilkins3995 Yes
@@johnwilkins3995 This is a bot.
I'm definitely not better off financially than I was 5 years ago.
You have Joe to thank...
The only people who aren’t better off financially than they were 5 years ago are the people who are working the same jobs they were 5 years ago. Have you tried getting a promotion or a new job?
@@CJBronco2 Thank Joe that he is not even worse off. I thought people who watch this channel understand finance? I guess not everyone.
Damn 85 percent of people are better at life than you.
TIL the president controls the economy
Real Estate and personal property taxes up 30-40%, Auto insurance up 30-40%, Home Owners insurance up 30-40%, within the last year. Groceries? LOL, ...Social Security Cola 2.5%. Other durable goods? Give me a break. Not too optimistic here. This is my own personal experience.
'The way to crush the bourgeoisie (middle class) is to grind them between the millstones of taxation and inflation.' Stalin? Lenin? Quite some debate on who it is attributed to but it doesn't matter because it's absolutely true.
If I recall correctly after the GFC and FED easing started, sometime around 2010, a certain hedge fund manager asked how we would pay for all this and the answer he received is "We'll inflate it Away."
Well, here we are folks.
That survey is the Gov pissing on us and telling us its raining.
At the request of the corporations that have acquired ownership of the government. End Citizens United.
Maybe Americans feel optimistic because Trump will be in office soon. Otherwise, there is not indicator that our pockets are being presently relieved from inflation.
I think people are more optimistic about their financial situation because their asset values have increased but its all just valuations.
I’m not feeling very optimistic, every day that goes by the money that I earned loses more buying power.
half the items i by have gone up big amounts in the last two weeks.
I have driven 80 miles to use the commissary on the military base. When all is said and done I save about $25 a month Including gas money.
I have bought chickens this last year…. I was shopping and noticed the price of eggs and was shocked… produce your own stuff… plant a garden.. fight inflation..
yeah and dont forget chicken, pig and sheep too
It’s noticeable the last few weeks that many prices are going up and none are going down.
Why not price freeze and wage freeze? That always worked in the past including severe inflation during Nixon!
spent $200 at costco and those were basic needs like fluids and toilet paper, some bread soup and socks. wth.
fluids? hope you're not buying water juice, soda, iced tea, energy drinks, all a waste of money
Buy a water filter for tap water. It saves so much money and saves so much plastic bottle waste plus the time and effort spent having to get bottled water from the store.
Cutting rates with inflation moving higher is as effective as trying to dig your way out of a hole.
My portfolio is up and feeling goood but the groceries bills and eating out is expensive
Ditto
No bank, or any survey, has ever ask me about how I feel about our finances. Like a bank would know!
I was just thinking about this the other day! Who are getting these surveys to compute this type of data? Feels made up!
The survey is telling a lie. My salary has been increased 3% every year in the past 8 years. I stick to my grocery budget, so I eat only 1 meal a day now. I used to have 3 meals a day and eat out 1 meal on weekends .
Low rates is a drug we cannot live without.
Where I live meat and eggs went up again. Meat almost doubled. The goverment is always lying about the facts.
My meat was on sale this week
Thank you Brian, when can we see you on the Joe Rogan experience?
Single digits is B.S.
I got my car insurance bill two days ago. My next premium went up 55%! Drive carefully out there.
Inflation is only at 2.7 % 😂😅😅😂
So many lies 😂😅😊😂
they cherry pick numbers to base their bad math on. whatever they need to make it look how they want
@bradhaines3142 i agree 1000%
Thank you Brian
Inflation suck, but having to pay for a car payment, gas, and car insurance is more expensive. Food, and water is more important for my body. I bike ride, and walk to get around.
Services inflation is still at 4.5%, the highest it's been since 2001 and 1991 and Rent inflation is at 4.7% the highest it's been since 1990. So a 2.7% inflation rate is a HALF TRUTH.
Prices are not going to go down. They will rise slowly.
Last but not least, thank you Brian and have you heard back for DOGE?
😂
Nicely short and just sweet enough!
Optimistic? No. Terrified? Yes.
YES,, ever since around 2020 this has been a nightmare.
thanks for the update.
They must have been only polling the 1% for all that optimism
Agreed. I'm in a liberal area so this isn't Trump hate, but 1/2 the people I know are in their own bubble and don't follow news, 30% think we're in a recession, 20% think thinks are OK but unsustainable. Worst sentiment I've ever seen, matching the bottom of the GFC where, oddly, there was a little bit of optimism because people were getting deals on things like concert tickets and restaurant meals and apartments and cars, to offset the depression triggered by the recession
If you know anything about macroeconomics. Its just the beginning by the data and numbers
Thanks Brian for showing reality and speaking the truth!
Hi Brian. I am cautiously optimistic, but I will keep watching your UA-cam channel to keep that optimism with the dose of reality. Thank you!
If inflation re accelerates hard,
No one on a budget will be able to eat !!! The only thing coming down in my area is Unleaded Gas
$3.00 a gal. / Where I live, a good SPIT from Refining plants, gas ought to be $2.00 a gallon 😮
Best way to contain inflation. Is cut unnecessary spending. Invest. Work overtime and invest more
Thank for the info Brian. Much appreciated as always.
As for American's optimism, "Americans" aren't economists. They are feeling optimistic because Trump won the election, and they think he may be able to bring back the economy we had during his first term. It's not that they have any particular insight into the economy. I'm not convinced inflation will go much higher in the intermediate term. There are a lot of deflationary headwinds, including demographic changes affecting productivity, and possible looming cuts to federal spending. Our crushing debt will likely cause steep inflation long-term, but recent interest rate cuts make it more manageable short-term.
Thanks for the video brother BK
Brian, after my 2.5% "increase", my social security check is LESS than it was before the "raise". And I am afraid.
Thank you
Love it short, sweet into the point
Eggs shot up over night from $3 to $6 this week
Brian great video. When are we going to get the next installment of 'The Great Melt Up'. I've been following the series. Thank you.
Financial Asset Inflation.
YES indeed!
The stock market now trading at 23 times forward S&P 2025 earnings. I wouldn't invest a dime of new money at this time.
@@josephkelleher8820Why is that? A potential crash/reset coming?
@@josephkelleher8820 i have heard that many times lol
@@josephkelleher8820 Been hearing that since 2018. One day will be true. 😀
My wife and I both are doing as much over-time as humanly possible right now. Rent is still going up, and we're thinking of moving because of that. I do NOT feel great about the economy. I'll need to get a second job the moment this end of year over-time ends. Things are far too expensive.
It's a mess all around. I don't know about employment/job opportunities..., but there's a lot of layoffs in the tech industry. My brother. who's in tech, got laid off. Also two of my closest friends, not in tech, are also laid off.
All you have to do is look at prices. If things are expensive inflation is up. If you have extra money to spend inflation is down.
Just Fake numbers, just playing with.
My electric power company just announced that there will be a 25% increase in the cost of a kilowatt in mid February.
The price of cheese went up in my region by 10% since August 2024. The price of food went up as well since August 2024
Ice cream at Albertsons $7.49 half gallon,8.00 after taxes 6.00 cheese on and on
Ice Cream at my local market $3.49
Just about every working middle class including myself is saying... the price of gasoline, transportation, food, utilities, healthcare, insurances is NOT keeping up with the wage growth... we're all tapping into our savings and other forms of reserves, worse to some, by using credit cards. So when will our politicians truly help?
I believe that Americans are in a better position is incorrect. For those who have invested in stocks and other appreciable assets for the last year or 2 have definely got as better position which is the rich getting richer (also applies to those who are in middle class, but the more you invest the more you get back), but for those that did not invest which i believe is majority of Americans. Those are the ones who took the biggest hit and not any better, or even in a worse position.
If you own a thing that that thing gets more expensive because the value of the currency drops, you're not 'getting richer.' It's just holding its value. It's the people who's wealth is in the devalued currency getting poorer.
2.7 % on top of the already 20% it's increased in the last couple years.
Thank you for sharing.