Like Tree131Likes

Inflation or Deflation ahead?

Reply
Page 21 of 22 FirstFirst ... 13 18 19 20 21 22 LastLast
  1. #201

  2. #202

    Join Date
    Jun 2010
    Location
    Tri-State
    Posts
    9,502

    FFS . . . Economist should just use the shrug emoji as their default answer to every question.

    Some economists expect inflation to remain stubbornly faster than before the pandemic, while others anticipate a steep deceleration. Some anticipate something in between.
    https://www.nytimes.com/2023/01/23/b...ing-point.html

  3. #203
    Quote Originally Posted by huja:
    FFS . . . Economist should just use the shrug emoji as their default answer to every question.


    https://www.nytimes.com/2023/01/23/b...ing-point.html
    On the plus side, we can always find an economist who supports whatever views we have.
    huja and hullexile like this.

  4. #204

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    28,072
    Quote Originally Posted by huja:
    FFS . . . Economist should just use the shrug emoji as their default answer to every question.


    https://www.nytimes.com/2023/01/23/b...ing-point.html
    Unfortunately the non economists are worse sometimes.

    In the last burst of inflation here, on the flagship business programme of a news channel:

    "The government figures say that inflation has reduced from 6.5% to 6% but people have not seen these falling prices. Are the government figures wrong?"

  5. #205

    Join Date
    Oct 2010
    Posts
    23,779
    Quote Originally Posted by hullexile:
    Unfortunately the non economists are worse sometimes.

    In the last burst of inflation here, on the flagship business programme of a news channel:

    "The government figures say that inflation has reduced from 6.5% to 6% but people have not seen these falling prices. Are the government figures wrong?"
    Remember inflation figures are generally quoted YoY. Prices can be falling month on month but still rising year on year.

  6. #206

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    28,072
    Quote Originally Posted by TheBrit:
    Remember inflation figures are generally quoted YoY. Prices can be falling month on month but still rising year on year.
    Yes but that is not what they meant. Live TV is a valid excuse, we all get confused at times, especially with a stream of numbers. That presenter does regularly, definitely not Blomberg quality.

  7. #207
    Quote Originally Posted by hullexile:
    Unfortunately the non economists are worse sometimes.

    In the last burst of inflation here, on the flagship business programme of a news channel:

    "The government figures say that inflation has reduced from 6.5% to 6% but people have not seen these falling prices. Are the government figures wrong?"
    Can't get behind the paywall, but inflation falling from 6.5% to 6% just means that prices are rising YOY at a slightly slower rate. It does not mean that prices are falling. Or am I missing something?

    Also, "inflation" numbers are generally the CPI (or core CPI) which will differ from what people actually experience because their basket of expenses will differ from the basket used to calculate CPI.

  8. #208

    Join Date
    May 2009
    Posts
    1,196
    Quote Originally Posted by traineeinvestor:
    Can't get behind the paywall, but inflation falling from 6.5% to 6% just means that prices are rising YOY at a slightly slower rate. It does not mean that prices are falling. Or am I missing something?
    Hull got that, that's why he quoted some others who apparently don't get it.
    traineeinvestor likes this.

  9. #209
    Quote Originally Posted by Sith:
    Hull got that, that's why he quoted some others who apparently don't get it.
    @Hull - sorry, didn't read your posts closely enough.

    My bad.

  10. #210

    Join Date
    Jul 2010
    Posts
    431

    inflation is cooling because prices are not longer going up but it doesn't mean prices are coming down. commodity and other price remains high.


Reply
Page 21 of 22 FirstFirst ... 13 18 19 20 21 22 LastLast