U.S. inflation reached a new four-decade high of 8.6% in May

Re:U.S. inflation reached a new four-decade high of 8.6% in May by ren_engineer on Friday June 10, 2022 @09:59AM (#31694323)

it will last much longer and will get worse, because everything is dependent on energy to be created/transported. There's also the fact that many retailers admitted to eating losses to try and keep customers happy assuming that inflation would be "transitory", pretty soon many of these retailers will be forced to raise prices to reflect reality

[ Parent | on HN ]

Re:U.S. inflation reached a new four-decade high of 8.6% in May by s1artibartfast on Friday June 10, 2022 @10:28AM (#31694709)

If Energy prices are driving it we are in for a long haul. Electricity costs in California is up 50% in the last five years. Efforts to on Shore manufacturing will drive it up higher

https://www.paloaltoonline.com/blogs/p/2022/03/06/when-will-...

[ Parent | on HN ]

Re:U.S. inflation reached a new four-decade high of 8.6% in May by hedora on Friday June 10, 2022 @10:55AM (#31695078)

Our solar array is providing electricity for $0.06-$0.13 per kWh, assuming 30 year depreciation. Over half that cost was for a beefy grid tied battery. (We average over one power outage per month in my area. PG&E sucks more than usual here.). Also, because we overprovisioned for storms, we basically get two EVs worth of overproduced electricity at that price. Miles driven from that electricity is cheaper than the gasoline equivalent too.

Solar panel prices did go up a bit in the last few months, but that's because the commerce department inadvertently created a shortage while enforcing the China tarrifs.

On the other hand, I was at the car dealer yesterday, and got to compare used EV prices from January and today. Yikes!

[ Parent | on HN ]

Re:U.S. inflation reached a new four-decade high of 8.6% in May by everybodyknows on Friday June 10, 2022 @12:39PM (#31696442)

> UC Berkeley economist Meredith Fowlie recommends that the fixed-charge be larger for higher-income households, as shown below. This idea was popular among the speakers ...

So perhaps we'll soon be sending a copy of our tax returns along with our power bill for the month of May. Such a policy might anyway help wealthier people empathize with the humiliation of the poor, who are already being coerced to explain their financial circumstances to the power company:

> lower-income households (CARE and FERA customers)

[ Parent | on HN ]

Re:U.S. inflation reached a new four-decade high of 8.6% in May by mc32 on Friday June 10, 2022 @11:18AM (#31695381)

I find it hard to believe people running large retail operations believed the fed and whitehouse when they uttered the word "transitory" when everyone else pointed to the money printer still going full throttle.

It's their fault for going along with the narrative the fed/whitehouse + media were pushing.

[ Parent | on HN ]

Re:U.S. inflation reached a new four-decade high of 8.6% in May by AnimalMuppet on Friday June 10, 2022 @12:12PM (#31696127)

I'm not sure that's right. Let's say energy (specifically oil and gas) is driving this. And so everything goes up, because everything depends on oil and gas. But there it stops, because the price of oil and gas isn't going to go up because of inflation in, say, wheat or Nikes. Oil and gas are going up primarily because of the loss of supply from Russia.

[ Parent | on HN ]