Consumer prices remain elevated at 2.7%, core inflation rises to 3.1%

C

Cypress

Well-known member

Inflation remains elevated as Trump's tariffs take hold, consumers will likely continue paying more​


Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.


 
I mean....does this surprise anyone? Did anyone think costs could be increased by 15-25% or more and those costs wouldn't eventually impact consumer prices?
 
Cypress said:

Inflation remains elevated as Trump's tariffs take hold, consumers will likely continue paying more​


Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.


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So much for Crazy Trump campaign promises.
 
And most of Trumps tar
Cypress said:
"so-called core inflation — which excludes volatile food and energy costs — rose above 3 percent for the first time in six months as more businesses began to pass along the cost of the administration’s tariffs to American consumers."

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Ans most of Trumps tariffs have NOT worked through the supply chain yet, wait till they do then the shit will hit the fan.
 
Cypress said:
"so-called core inflation — which excludes volatile food and energy costs — rose above 3 percent for the first time in six months as more businesses began to pass along the cost of the administration’s tariffs to American consumers."

Click to expand...
And Trump pulls a stunt like this .
  • Donald Trump is letting Nvidia and AMD sell some chips to China — but only if they pay a 15% tax.
  • That's the opposite of Trump's tariff push, which is supposed to encourage companies to make things in the US.
  • But it's consistent with Trump 2.0's approach to business: He is increasingly inserting the federal government into private companies.
  • Imagine living in a country where private companies need the government's permission to do business.
Depending on your age, you might think I'm describing Soviet-era Russia — or Russia in the Putin era. You'd certainly think about modern-day China, where the government is an official partner in many private companies, and has unofficial but meaningful influence over most of them.
 
Based Chad said:
buy american.
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The price of most EVERYTHING we buy EVEN so called ' MADE IN AMERICA " Products are going up because of Trumps tariffs.
A good percent of Made in America products have parts that are made over seas and it is going to take years and billions if not trillions of dollars to build the infrastructure we need to produce these things here, IF US companies can stay in business and not lose Billions like the US auto industry already is.
 
Tbird19482 said:
The price of most EVERYTHING we buy EVEN so called ' MADE IN AMERICA " Products are going up because of Trumps tariffs.
A good percent of Made in America products have parts that are made over seas and it is going to take years and billions if not trillions of dollars to build the infrastructure we need to produce these things here, IF US companies can stay in business and not lose Billions like the US auto industry already is.
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we will also have more jobs and money in the economy because it will not be sent overseas for costs or wages.

you don't really get thing very well.
 
Tbird19482 said:
And Trump pulls a stunt like this .
  • Donald Trump is letting Nvidia and AMD sell some chips to China — but only if they pay a 15% tax.
  • That's the opposite of Trump's tariff push, which is supposed to encourage companies to make things in the US.
  • But it's consistent with Trump 2.0's approach to business: He is increasingly inserting the federal government into private companies.
  • Imagine living in a country where private companies need the government's permission to do business.
Depending on your age, you might think I'm describing Soviet-era Russia — or Russia in the Putin era. You'd certainly think about modern-day China, where the government is an official partner in many private companies, and has unofficial but meaningful influence over most of them.
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so you should be happy about this one.
 
Based Chad said:
we will also have more jobs and money in the economy because it will not be sent overseas for costs or wages.

you don't really get thing very well.
Click to expand...
Wow are you really stupid.
IF the US companies do build the infrastructure needed to make the part here we import now most of it will be automated and AI.
The majority of jobs will be temporary in the building stages not preeminent jobs.
And those won't be in anywhere near the numbers you think they will.
 
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