https://fred.stlouisfed.org/series/CPILFENS#

All items: +0.5% monthly; +4.2% year-over-year.

Energy: +3.9% monthly; +23.5% year-over-year.

Gasoline: +7.0% monthly; +40.5% year-over-year.

Fuel oil: +58.9% year-over-year.

Electricity: +0.6% monthly; +5.9% year-over-year.

Utility natural gas: -0.5% monthly; +3.0% year-over-year.

Food overall: +0.2% monthly; +3.1% year-over-year.

Food at home / groceries: +0.1% monthly.

Food away from home / restaurants: +0.3% monthly.

Nonalcoholic beverages: +0.6% monthly.

Cereals and bakery products: +0.4% monthly.

Fruits and vegetables: +0.2% monthly.

Dairy: -0.6% monthly.

Meats, poultry, fish, and eggs: -0.2% monthly.

Core CPI / all items less food and energy: +0.2% monthly; +2.9% year-over-year.

Shelter overall: +0.3% monthly.

Rent: +0.4% monthly.

Owners’ equivalent rent: +0.3% monthly.

Lodging away from home: +0.4% monthly.

Communication: +1.3% monthly.

Airline fares: +2.7% monthly.

Personal care: +1.0% monthly.

Recreation: +0.3% monthly.

Apparel: +0.3% monthly.

Used cars and trucks: +0.1% monthly.

Medical care: +0.3% monthly.

Hospital services: +0.7% monthly.

Motor vehicle insurance: -1.7% monthly.

Household furnishings and operations: -0.6% monthly.

New vehicles: -0.3% monthly.

Prescription drugs: -0.9% monthly.

Steadily rising prices will be the norm from now on. What will be interesting to see is how fast the corporate elite figure they can boil the frogs without them noticing too much.

$50.00 hotdog is coming.

edit: I've explained how this works in a reply below.

If you're at $5,000/month, a 4.2% raise puts you at $5,210. If you're spending $600/month on gas (not unreasonable for someone that drives an SUV and lives in the suburbs instead of in the urban core), you still come out behind.

Ah…inflation.

In high inflation countries you often get a revision every 2-3 months and you get a rise that is higher than the official inflation, as a result this solidifies the inflation and boosts the economy as everyone immediately buys whatever they can before it becomes more expensive. It's a vicious cycle.

Most of the average joe's money is spent on housing + food + energy these things are all way above the calculated """average""" inflation

On average, nationally. Look up your state or metropolitan-area CPI. Or better yet, track your actual expenses and project forward.

The median earner with a standard deduction would need a ~4.7% raise to stay even...

"Inflation" is also increasingly distributed unevenly. The top 10% continues to make up a larger and larger portion of spending. It is entirely possible for ~4.2% inflation to be substantially higher (or lower) for the median household than the overall reported number.

…how? What is this agenda? Juicing short-term energy exports? That’s not a “dominance agenda.”

The administration's planning is much more along the lines of, Will this look cool when they announce it on Fox News tomorrow? If you think there's much beyond that, you're ascribing strategic clarity where there isn't any. They're continue to flail around and TACO until they have a result they can present to MAGA loyalists as a success, regardless of actual merits.

It's not a question of ethics. It's a question of competence.

I can believe the US/UK oil companies believe that.

It may even be true, because the energy transition caps the entire future opportunity for oil/gas sales, and all the producers have been trying to capture a larger share of that pie for the last 2 years or so.

But this intervention is so heavy-handed that it is visibly destroying that future market. It looks like all oil companies will lose a lot because of it, US/UK ones included.

> The Trump administration does not care about "its" population.

Yes, he's trying to govern like an oligarch. We will see in November if this was a good choice or if the US is still too democratic for this to work. Or earlier if he tries to avoid that test.

For one even in the short term this is benefiting China as its the largest renewables producer in the world and much less exposed to ME fuels than Japan and America's allies, who are to put it in plain English, fucked. (Japan gets 80-90% of its resources from the Gulf, China ~15-20%)

Secondly the only thing that wakes the American voter out of his or her perpetual stupor is the cost at the gas station, and every single person responsible for this will be voted out of office.

Basically, looking at inflation over time, we look pretty good here.

And the trend line would bend differently if we could just learn the lesson.

Not knowing if that's good/bad, as it is without any frame of reference, so the same data for Spain looks something like this:

Prices up +3.2% in the past year, up +22.4% in the past 5 years. Compared to 1999, a 1.88× difference, and if you want to compare since when it doubled, it'd be around September 1996. This is according to a tool from INE, Spain’s national statistics: https://www.ine.es/varipc/index.do?L=1

Graph it without the logarithmic scale and draw a curve through the 1982-2018 data and the recent spike will explain why people are complaining about it.

Prices are subject to the combination of the value of the currency and the value of the good. Food may be worth more than in the past, for example, so you cannot look at the value of the currency alone.

"Well, inflation since 2015 is nonexistent if you swap out steaks for 3 day old catfish and fruits for kool aid packets"

The things you are talking about are a phenomenon largely of the COVID era and later. The biggest wage gains post-COVID have been in the lowest end of the job market, and services where almost-minimum-wage labor is a high fraction of their cost have commensurately risen in price the fastest (e.g., fast food). Similarly, a lot of the easy money flowing into unprofitable grow-then-make-money businesses (like delivery firms) have stopped flowing in, so those services have had to actually make money from customers, which causes their costs to rise.

The logical point here doesn't make much sense to me otherwise.

It feels more likely your investment account gains are driving your decisions. Stock gains are also driven by inflation though!

I can sort of understand the feeling though, I just recently got a 2.5% raise for "inflation", which hardly feels like it's making a dent.

UK has very high taxation now so working full time doesn’t bring in as much as a decent portfolio.

Regardless of your skill and reputation, time off can quickly put you below the bar for even getting a call-back, and you lose access to relevant lessons.

You'll be shocked at how irrelevant you become, and how quickly the retirement accounts will give up the gains of the last 3 years (particularly when this 2026 IPO summer terminates US equity markets).

The feeling of "What's the point" might have little to do with work, and more to do with (finally) losing faith in ambition. If so, don't worry: the best comes after we put aside dreams.

The stock market increasing is not the same thing as inflation. What you're saying makes sense only if you are referring to stock market valuation... strictly retiring because inflation is high makes no sense.

Sorry to be a downer but there is no certainty on the future especially with the level of chaos being sown in the western world as a function of a few key people.

The same way Powell ended the last one without a deep, long recession.

Yup.

If steak is tracked and it doubles in price, they can adjust the basket weights to reflect what they assume consumers will do: buy less beef and more chicken instead. So if Q1 steak=10 and Q2 steak=20 they might change the weights so that it's essential comparing Q1 steak to Q2 chicken. Which may be cheaper than Q1 steak, thus reducing inflation despite steak doubling in price.