Yeah, mentioned services.
A bit of an impossible thread, this, with everyone making up their own facts.
Noseall consulting tea leaves and pushing them into shapes he likes
Notchy not far behind
Gasser wasting internet resources, as usual.
Carmen not posting links he said he did, unusually
(well that'll be everyone niggled....)
Usually Grok or ChatGPT will find the official numbers. It's worth asking 2 or 3 of those because they sometimes find different things.
If you dig, some annualised prices since Jan are up in the 4's and 5's %, but some - fruits, cereals, dairy, are under 1%.
"groceries " 2.4%. . Food price inflation hit 3% in June, highest since early 2024. Bird flu and weather get some blame. (Bureau of L & S)
(UK numbers, same period (Jan - June) rose 3.3% to 4.5%.)
For short periods, some things like eggs did dip, but saying 'prices have gone down' is misleading.
Hence I'm saying and they're saying, they don't have an inflation problem, yet.
One change affecting a lot of Little America is the De Minimus thing. They can no longer get low value low price things in from China free of tariffs, or split things up and lie about the values on the shipping form. Often using Temu or something like that. Temu has stopped operating, last I heard, its whole business model had been stopped.
It's looking like those disputed jobs numbers had a lag in them, by the way. All are expecting worse coming shortly. Then we'll hear the Democrats piling in. They haven't had much to talk about, yet. If T tries to sack another messenger he'll look silly. (er).
Some of those big bucks investment sweeteners, from countries like Japan, will probably never get paid, it's reckoned going by past experience.
If Trump gets his way with the FED interest rate, taking it down hard, core inflation which is pretty low, running under 3%, could double by Christmas.
