30
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the same time. (xcancel.com)
submitted 4 weeks ago by yogthos@lemmygrad.ml to c/news@hexbear.net
20 comments fedilink hide all child comments
top 20 comments
sorted by: hot top controversial new old
[-] ClimateChangeAnxiety@hexbear.net 17 points 4 weeks ago

Wage growth has been another key leading indicator here.
Wage growth has begun to rebound in many parts of the economy.
These increased labor costs are passed on to consumers which fuels inflation

Okay but I keep being told that wage growth is the only way to deal with the inflation that’s already happened. Even other communists have been telling me “No you definitely don’t want deflation” for reasons I still don’t understand aside from “capitalists are stupid, easily panicked animals” but if wage growth just makes the problem worse what the fuck is there to do besides [REDACTED]

[-] ClimateChangeAnxiety@hexbear.net 13 points 4 weeks ago

Also I’m still convinced the “problems” with deflation are imaginary and could easily be prevented by just forcing the capitalists to not fuck everything up.

Almost none of the problems that come from deflation actually have a material connection to deflation, it’s almost entirely “But deflation removed the market” which, simply do not allow the market to be spooked.

[-] ClimateChangeAnxiety@hexbear.net 5 points 4 weeks ago* (last edited 4 weeks ago)

Wait why is spooked (past simple) cool but removed (3rd person, present simple) isn’t cool? I got reverse sremovedhorped

[-] miz@hexbear.net 5 points 4 weeks ago* (last edited 4 weeks ago)

sremovedhorpe

oh wow it does do that

[-] ClimateChangeAnxiety@hexbear.net 5 points 4 weeks ago* (last edited 4 weeks ago)

I wonder if it has a list of approved words it won’t do that to? Does sremoved work?

Edit: No it does not

[-] ClimateChangeAnxiety@hexbear.net 3 points 4 weeks ago

removed removed. Spooked. Spooking? Spooker.

[-] ClimateChangeAnxiety@hexbear.net 2 points 4 weeks ago

Also why does the slur filter remove a slur for intelligence agents

[-] Zvyozdochka@hexbear.net 1 points 4 weeks ago

It's a slur for people of color from way back in the day.

[-] ClimateChangeAnxiety@hexbear.net 1 points 4 weeks ago

Oh jeez really? I’ve never heard it that way, only as a slur for the CIA.

Why is that word a slur for so many different groups? POC, intelligence agents, and ghosts? And also it’s a verb.

[-] ClimateChangeAnxiety@hexbear.net 2 points 4 weeks ago

Fascinating

[-] Saeculum@hexbear.net 1 points 4 weeks ago

The way I've always heard it described is that if you are in a deflationary environment, there's no incentive to spend your money today when it will be worth more tomorrow, so it has a dampening effect on consumer spending and investment which is bad for the economy.

[-] ClimateChangeAnxiety@hexbear.net 1 points 4 weeks ago

Alright let’s do the deflation in one go then. Today eggs will be $6 tomorrow they will be $3, and companies can suck it the fuck up.

[-] D61@hexbear.net 6 points 4 weeks ago

Taxes probably... or a whole lotta [redacted] of business owners involved in the necessities of life having been price gouging since COVID.

[-] Tomorrow_Farewell@hexbear.net 6 points 4 weeks ago

The only actual serious way of dealing with inflation in the long term is price controls, which westerners have been conditioned to think of as awful.

[-] RNAi@hexbear.net 9 points 4 weeks ago

Hehe "peepee"

[-] D61@hexbear.net 9 points 4 weeks ago

geordi-yes PPI for when you need a break from PPB.

the-more-you-know

[-] Twitches@lemm.ee 1 points 4 weeks ago

Aside from this x post I don't see an actual source for this in regards to fact checking. I Googled it but nothing. Anyone find any source?

[-] yogthos@lemmygrad.ml 2 points 4 weeks ago

Just google the numbers for CPI, PCE, and PPI that are officially published. There's no article correlating all of them aside from the post.

[-] Twitches@lemm.ee 1 points 4 weeks ago

Ok I see thank you. That's interesting. No article, is even more interested.

[-] yogthos@lemmygrad.ml 2 points 3 weeks ago

Indeed, you would think this would be news worthy.

this post was submitted on 27 Nov 2024
30 points (100.0% liked)

news

23643 readers
506 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS
Alaskaball@hexbear.net
ZoomeristLeninist@hexbear.net
carpoftruth@hexbear.net
GinAndJuche@hexbear.net
Breath_Of_The_Snake@hexbear.net
context@hexbear.net
Infamousblt@hexbear.net
FALGSConaut@hexbear.net