Inflation >4% in Latest report!

[ShokWaveRider]

I just heard that Inflation has risen to over 4%! I am sure there will be articles posted soon. Although I have noticed Petrol is down in our area to $3.39 a gallon at Costco. (I only ever buy petrol at Costco) Exclude Fuel and Core inflation was actually a little lower.

May inflation report shows another sharp rise in prices

Inflation has surged since the start of the Iran war, and Americans have come to expect that prices will only continue to rise over the next year.

www.usatoday.com

 

[Koolau]

Sams was $3.19 yesterday. That's what I was paying this time last year.

 

[Aerides]

I think you made this thread just to say Petrol.

 

[ShokWaveRider]

I think you made this thread just to say Petrol.

Us English call it Petrol, last I looked this site was not limited to only Americans? Gas is for home heating and BBQs.

 

[disneysteve]

Your title says less than 4% (<4%) but your post says over 4% (>4%). You might want to fix that.

 

[ShokWaveRider]

Your title says less than 4% (<4%) but your post says over 4% (>4%). You might want to fix that.

Thanks Fixed.

 

[street]

Back to the good old days of 2022 and 2023 area.

 

[Chuckanut]

$5.39 in my area for a gallon of regular.

 

[copyright1997reloaded]

Look at the bright side - the social security COLA come January will be higher.

[It is now estimated at 3.9% by the senior citizens league: COLA Watch | The Senior Citizens League. but may be revised upward with todays report.

 

[copyright1997reloaded]

$5.39 in my area for a gallon of regular.

Filled up a couple days ago in Ohio @ $3.76.

Map of gas prices (Gas buddy): USA and Local National Gas Station Price Heat Map - GasBuddy.com

 

[Qs Laptop]

Back to the good old days of 2022 and 2023 area.

Yes, so much "winning!"

 

[MichaelB]

<mod note> Knock off the political snark, please.

 

[Chuckanut]

FWIW, inflation in my area was running about 2% more than the national average (4.9% vs 2.8%). I hate to think of what it will running now.

 

[G-Money]

Regular gas is still $5.95 at Costco here.

This just isn't sustainable, not with wages trailing, and on top of already-elevated prices. Seems everything is headed in the wrong direction except stocks, but the growth there is highly questionable.

 

[TickTock]

Gasoline here is up 52% from pre-war levels, down from a high of up 72% a few weeks previously.

Eggs are ~$1.65/dozen, down considerably.

 

[Onda]

Wages are growing, but the latest inflation report shows prices are growing faster — so people effectively have less money than they had 12 months ago.

Largely in line with expectations.

 

[pacergal]

yep, 4.2 inflation.
cheapest gas here is $4.69, according to gas buddy, bought few groceries yesterday, no meats, mostly fresh fruit/veggies, some staples, out the door with two bags and $90 less.

 

[audreyh1]

Interestingly, I’ve had occasion to shop for electricity plans twice recently, and from what I can see the jump to higher fuel prices has not yet filtered into electricity rates.

 

[COcheesehead]

There is a light at the end of the tunnel. Rates will be higher for savers. Stay short, ladder and then reap the rewards. Lock in higher rates. Live your life and be happy.

 

[Dtail]

Back to the good old days of 2022 and 2023 area.

Inflation artificially higher due to the war. Might as well reference the years we have had a recession since 2000 and go from there.

 

[Mr. Tightwad]

$5.49 at the station closest to me.

Why people are still choosing to btd on petrol is what I wonder.

I save about $4,000 a year not buying it.

 

[MichaelB]

There is a light at the end of the tunnel.

Can you be sure it’s not the headlight of an oncoming train at full speed?

 

[Car-Guy]

Needed lot's of fuel this week. Regular was 3.49, Premium 3.95 and Diesel 4.49.

 

[PlayinwithFIRE]

There is a light at the end of the tunnel. Rates will be higher for savers. Stay short, ladder and then reap the rewards. Lock in higher rates. Live your life and be happy.

Ladder what?

 

[Teacher Terry]

gas here is 5.49/gallon. Our cost of living has been steadily going up for a very long time and is definitely not in line with the wages. Like many places, people retiring here from more expensive places and buying homes has greatly increased the cost of real estate and everything else.

That’s one reason when I got divorced five years ago I immediately bought a condo because it’s much too expensive to rent. Plus, I didn’t want to have to move in my senior years.