JamesCurran Loc: Trenton ,NJ

[quote=Wyantry]The inflation rate average [/b](what people actually have to “pay”) [b]is STILL currently 8.3 ![/quote]

Yes --- for things you buy once a year, those cost 8.3% more than the last time. For the things you buy monthly, they cost 0.3% more than last time.


And for a minute there, I thought you knew what you were talking about. You just averaged the summations of the Oct-19 to Sep-20, the Nov-19 to Oct-20, the Dec-19 to Nov-20, and the Jan-20 to Dec-20 inflation rates. Notice the problem? You counted Oct-19 once, Nov-19 twice, Dec-19 three times, Jan-20 thru Sep-20 four times each, and then Oct-20 three times, Nov-20 twice, and Dec-20 just once. That's not the way averages work.

If you want to know the inflation rate for the last three months of Trump's term, I gave you the link before:
https://data.bls.gov/timeseries/CUUR0000SA0&output_view=pct_1mth

The numbers in question are : Oct: 0.0, Nov:-0.1, Dec: 0.1
These compare to the last three months: Jul: 0.0, Aug: 0.0, Sep: 0.2

And besides, looking at the inflation rate in 2020 doesn't tell us anything --- 'cuz we were in the middle of the frickin' pandemic and a recession. (have you forgotten that already?) People weren't buying things other than necessities.

In 2021, as Biden came in, we started moving OUT of the lockdown, and people started getting back to their normal lives --- Buying things & producing things. But produced things takes weeks to get into stores, and people wanted to buy things now, so prices go up (law of supply & demand). Further, producing some things require buying other things which need to be produced first, and so on. This is known as the "Supply CHAIN" (perhaps you heard of the term).

Wyantry Loc: SW Colorado

In reply to Mr. Currans misguided quote:
”And for a minute there, I thought you knew what you were talking about.”
That certainly applies in his case.

Firstly, I take issue with some of Curran’s data. As what he has reported is the month-by-month change, NOT the total rate AT THE TIME as in the data I supplied. See below at B.

A. It may be the monthly-change bears some relevance to tracking the amount of change up or down, but it is NOT the overall inflation rate—the TOTAL AMOUNT that bears directly upon peoples spending abilities.

For example, the last three months of Trump’s tenure according to Curran were: ”Oct: 0.0, Nov:-0.1, Dec: 0.1”, when in actuality the data is:
Month………….….total inflation rate………amount Change from previous month — at end of month
September ‘20 …….. 1.4 ………………………… +0.1
October………………….. 1.2 …………………………. -0.2
November …………….. 1.2 ……………………….…. 0.0
December ……………… 1.4 ……………………….. +0.2

By comparison, Biden’s data (I am giving Biden a pass, by ignoring all data from 2021 — the “end of the lockdown.” Year) Is:

Month ‘22 ……….total inflation rate………amount Change from previous month — at end of month.
May …………………………. 8.6 …………………………. +0.3
June ………………………… 9.1 …………………………. +0.5
July …………………………. 8.5 ……………………….…. -0.6
August ……………………. 8.3 ………………………….. -0.2
September …………….. 8.2 ………………………….. -0.1

So only in the last three months (of reported data) has the rate-of-increase actually declined.


B. From Curran: ”You just averaged the summations of the Oct-19 to Sep-20, the Nov-19 to Oct-20, the Dec-19 to Nov-20, and the Jan-20 to Dec-20 inflation rates. Notice the problem? You counted Oct-19 once, Nov-19 twice, Dec-19 three times, Jan-20 thru Sep-20 four times each, and then Oct-20 three times, Nov-20 twice, and Dec-20 just once. That's not the way averages work.”

As it happens, I am quite conversant with what averages are, and how they work.

I however do not know what the heck you are talking about — and obviously you do not comprehend the data that was enumerated in the table. An excerpted portion of which is provided below.

What is it about the data you cannot understand? The data reveals the Total inflation rate at the END of each month. There is no multiple-month-averaging going on AT ALL.
It is suggested a RE-READ of a relevant portion the data, (expanded below) might be worthwhile.

…………………………Months —>
Pres……Year……..JA…...FB…...MR…...AP…..…MY…....JN…….JL……..AU…....SP…..…OT……..NV…….DC…...[Avg.]
Biden…2022-….7.5…..7.9…..8.5…...8.3…...8.6…...9.1…..8.5…...8.3…...8.2……………….………………….….[8.3]
Biden 2021-….1.4…..1.7…..2.6…...4.2…...5.0…...5.4…..5.4…….5.3…….5.4…...6.2…...6.8…...7.0…...[4.7]
Trump 2020-….2.5…..2.3…..1.5…….0.3…….0.1…...0.6…..1.0…….1.3…….1.4……1.2…….1.2…….1.4…...[1.2]

Just to make it abundantly clear:
Trump ‘20 SP=1.4, OT=1.2, NV=1.2, DC=1.4
Biden ‘21 JA=1.4, FB=1.7, MR=2.6, AP=4.2, MY=5.0, JN=5.4, JL=5.4, AU=5.3, SP=5.4, OT=6.2, NV=6.8, DC=7.0
Biden ‘22 JA=7.5, FB=7.9, MR=8.5, AP=8.3, MY=8.6, JN=9.1, JL=8.5, AU=8.3, SP=8.2,

The ONLY four month average provided was that of Trump, (SP, OT, NV, DC), I DID NOT AVERAGE ANY OTHER FOUR MONTH PERIOD. This was the ONLY four month averaging that occurred.
It is regrettable you did not understand that.

I WILL REPHRASE: When FJ-Biden was inaugurated, the previous monthly inflation rate (December 2020) was 1.4. At end of January 2021 the rate was 1.4, and in February the rate increased to 1.7, in March it had increased to 2.6, in April to 4.2, in May to 5.0, in June to 5.4, in July it was 5.4, in August 5.3, in September 5.4, in October it increased to 6.2, in November it increased to 6.8, and in December the rate increased again to 7.0.
The increases were even more pronounced [abysmal] in 2022, with the end of January rate increasing to 7.5, February to 7.9, March to 8.5, April the rate was 8.3, then increased in May to 8.6, to 9.1 in June, then decreased to 8.5 in July, 8.3 in August and 8.2 in September.

Only in the last four months (at ends of May, June, July and August) did the TOTAL inflation rates decrease, from an end of May high of 9.1 down to 8.2 at the end of September. A total decrease of 0.9.

And that 0.9 decrease in inflation is precisely what Mr. Curran has claimed to be some sort of major “decrease” in inflation! (0.9 is Major? “C’mon, man”).


C. It is apparent the “end-of-Covid” [FJ-Biden (also Untrue)] is NOT upon us and will be a persistent condition.

Supply-chain issues (unloading, transportation, fuel costs, labor shortages, wage & hourly pay and benefits disagreements) in addition to pent-up-demand have exacerbated conditions.

But in any case, FJ-Biden has had over a year in which to initiate economic plans and policies that would adequately address inflation and supply-line issues. This has not occurred.

Instead, a series of apparent bungles* and rash policy decisions has not improved conditions by any noticeable amount!

*
-Afghanistan abortive abandonment,
-mask mandates,
-pipeline shutdown,
-bailouts,
-open borders,
-trying to buy votes with student-loan-forgiveness,
-curtailment of oil & gas drilling leases (forced to resume lease auctions by court order),
-continuous attempts to subvert the constitution (Second Amendment),
-“weaponizing” the FBI to harass parents at school board meetings,
-an illegal alien invasion,
-failure to promote control of riots arson and murder at protests,
-begging hostile foreign countries to produce more oil,
-“Electrifukation” immediately, at any cost—without consideration of power generation shortfalls, or the transitory
nature of wind and solar generation,
-restrictions on exploration leasing and mining for the exact minerals required to allow for Electrifukation,
-false claims of the potential “end of democracy” if Republicans control either the Senate or House (or both).

The list goes on-and-on-and-on . . . .