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DrScopeify
CNBC Television
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Comments by "DrScopeify" (@drscopeify) on "Inflation gauge rose 3.2% annually in July, less than expected" video.
It was 0% in July 2022 I think people just freaked out by the FED hikes so people stopped buying stuff but next 3 months August, Sep, October 2022 last year combined were 1.1% increase in inflation so that should reduce the Yearly inflation rate by a nice number. That said anything can happen, gas prices can shoot up and rasie inflation or we hit a recession and prices fall below 0% as people freak out and stop spending. Who knows?
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@QuesoGr7 Look up on google "US Employment Cost Index YoY" The current rate is 4.5% so on average salary is up 4.5% from 1 year ago while inflation is up 3.2% form 1 year ago so yeah people spend more but also get paid even more. Of course not everyone is seeing that increase and also not everyone is seeing higher prices. Here in Seattle I think wage is pretty flat as Tech has been suffering so not much increase in income but food prices seem to have fallen nicely I shop at Fred Meyer stores and I for sure notice a fall in prices. Also Trader Joes is a cheaper it seems but it is a small store.
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Dont forget that Trump printed 2 trillion Dollars and then Biden another 2 or 3 trillion both are pretty crap leaders spent too much cash
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Well you dont want deflation that is what happened to Japan for 20+ years holy smoke that's real nasty
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Well they are just comparing to 1 year ago in July 2022 the inflation rate for that month was 0% it was an odd ball month because the FED started the 0.75% rate hikes so people freaked out but next few motnhs will be back to normal .
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Dont forget that Trump printed 2 trillion Dollars and then Biden another 2 or 3 trillion both are pretty crap leaders spent too much cash
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Dont forget that Trump printed 2 trillion Dollars and then Biden another 2 or 3 trillion both are pretty crap leaders spent too much cash
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@MuricaFyea LMAO wtf bro? So funny
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Dont forget that Trump printed 2 trillion Dollars and then Biden another 2 or 3 trillion both are pretty crap leaders spent too much cash
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What lie? Don't forget that Trump printed 2 trillion Dollars thats why we got inflation man
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LOL what is your problem with silly conspiracies? Are you even in the USA? No? Are you some Chiense bot? You write like one lol
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@r4ym1n13 They are up 4.5% Year on year according to the numbers which is above the inflation of 3.2% so that is not good the FED is going to want to see wages below inflation. I am not sure what kind of job you do that has not gone up in decades but everyone I know is making way more than 10 year ago that's for damn sure
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LMAO like Biden has anything to do with that? Maybe you can give a phone call to the ass holes at OPEC and ask them to raise production would you? They kept cutting production of oil on purpose to raise prices they act like a Mafia organization.
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what BS its just inflation numbers. Dont forget that Trump printed 2 trillion Dollars and then Biden another 2 or 3 trillion both are pretty crap leaders spent too much cash
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Well everyone is locked in with 2% and 3% rates so I aint moving I tell you that much. 30 years locked in for tight. Might not get a good deal like this every again but who knows right?
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SOnds like your store switched from normal food to natural high end foods or something like that. Like going from Safeway to Whole Foods you can see that kind of a price jump if you comapre the 2 stores but the products are totally different. Overall where I live the prices are a bit higher then 2020 but not by much
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Keep in mind that July 2022 was 0% as people freaked out by the FED rate so for sure it went up for July 2023 but the important number is the monthly data 0.2% if you take that and do x12 for a year what do you get? 2.4% However I persoanlly think that we might see deflation or below 0% as we head in to fall and winter but who knows really its been such a wild ride I guess anything can happen.
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@user-ow1bn6qv8q Yeah thats just OPEC playing their Mafioso games they dominate the world oil supply and can order supply to be cut to raise prices. However that also means the oil fields in the Dakotas make bank so its good for them many are small companies so I guess it goes both ways
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What liars it is just inflation numbers every country publishes the same thing man its all good.
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Why? Inflation only 0.2% not bad in this world I tell you that
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What liars its just inflation numbers? lol what the hell man
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Yeah its the way of the world, prices go up then wages go up and things find a new playing field. Trump spent 2 trillion and bidne another 2 or 3 trillion thats what we get for having leaders that spend way too much cash but hopefully income goes up enough to level it out over time.
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US has not had inflation since the 1980s but they will get used to it over time
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Yeah well but don't forget that Trump printed 2 trillion dollars and then Biden another 2-3 trillion like money grows on trees We will have to pay it back
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Every country has inflation now bro but I am curious what is the other country you has a dual passport to?
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What liars it is just inflation numbers every country publishes the same thing man its all good.
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