US inflation increased by more than expected last month, pushing up the cost of living for Americans.
  • iopq@lemmy.world
    2411·
    4 months ago

    Before reacting, read the article

    Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists.

    This is significant for bankers, but not for regular people. You’re not going to notice that inflation is 0.1% higher than expected

    • justOnePersistentKbinPlease@fedia.io
      112·
      4 months ago

      0.1% for someone with a $500,000 mortgage would be $500.

      0.1% for a large company, like say, Blackrock, that has $15 billion dollars in debt, is 15 million dollars.

      Edit: however, Blackrock also *profited to the tune of 4.7 billion dollars, so the 0.1% increase is a 0.3% cut into their profit from last year. They can absolutely afford it.

    • branno@lemm.eeEnglish
      1·
      4 months ago

      Driven primarily by….

      The cost of eggs. Yes regular people are going to notice this.

      • iopq@lemmy.world
        11·
        4 months ago

        Food at home up 1.9%

        You didn’t even check what it’s driven by, but you confidently state it

        • branno@lemm.eeEnglish
          1·
          4 months ago

          I’m just basing my opinion on the text of the article. The article you told people to read:

          US inflation increased by more than expected last month, as higher egg and energy prices helped to push up the cost of living for Americans.

          Grocery prices climbed 0.5% over the month, compared with 0.3% in December, as egg prices surged more than 15% … That marked the biggest monthly increase in nearly a decade, the Labor Department said.

          Then you reply with a statistic that doesn’t appear in the article with no reference. Fucking MAGATs.

    • Nollij@sopuli.xyzEnglish
      48·
      4 months ago

      I’d be interested in seeing where the inflation was higher than expectations. He’s only been in office a few weeks; most of these markets don’t react that quickly.

      Edit: Ahh, Lemmy. Where people get down voted for wanting more information.