Inflation rose 9.1% in June, even more than expected

Re:Inflation rose 9.1% in June, even more than expected by baobob on Wednesday July 13, 2022 @09:35AM (#32082506)

Which elements of CPI aren't indirectly tied to the cost of energy?

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Re:Inflation rose 9.1% in June, even more than expected by adam_arthur on Wednesday July 13, 2022 @09:37AM (#32082536)

Rent, which is rising close to the fastest pace on record for the CPI.

But depends how many leaps you want to take to justify its relation to energy

Nothing in the breakout of the CPI data shows slowing in pretty much any category

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Re:Inflation rose 9.1% in June, even more than expected by JumpCrisscross on Wednesday July 13, 2022 @10:07AM (#32082927)

> Rent, which is rising close to the fastest pace on record for the CPI

I’m renovating a home. Shipping is higher, due to labor conditions as well as fuel costs. If I rent it out a few times a year, as I’m considering, I will price to make that back. I’m sure those with purely rental properties are similarly inclined.

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Re:Inflation rose 9.1% in June, even more than expected by qwerpy on Wednesday July 13, 2022 @04:31PM (#32088373)

I never consider my own costs when choosing how to price a rental. I will always charge market rates. If market rates are higher than my costs, great. I won't lower my rates, I'll just pocket the extra money. Similarly if market rates are lower than my costs, I can't just stubbornly keep the rates high. No one will rent from me. If that goes on for a long time I'll decide it's a non-performing asset and sell it.

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Re:Inflation rose 9.1% in June, even more than expected by JumpCrisscross on Wednesday July 13, 2022 @06:05PM (#32089333)

I called myself out as a marginal source of supply. I love my renovations. I don’t need the cash. If a lease can’t cover my costs, altogether, I would prefer to not rent and not risk the damage.

Input costs eventually filter to the outputs.

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Re:Inflation rose 9.1% in June, even more than expected by adam_arthur on Wednesday July 13, 2022 @10:13AM (#32083026)

Yes, the economy is interconnected.

I also decided to increase rent on my rentals cause the price of bread doubled and my daily sandwich got more expensive

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Re:Inflation rose 9.1% in June, even more than expected by MrRiddle on Wednesday July 13, 2022 @06:09PM (#32089365)

Housing was/is directly affected by Covid supply shortage.

Cars, chips, energy, supply shocks etc are what’s causing all this increase in CPI. I would even say there’s not much (monetary) inflation, on the contrary, deflation of the USD might break the system.

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Re:Inflation rose 9.1% in June, even more than expected by adam_arthur on Wednesday July 13, 2022 @07:25PM (#32090007)

Just repeating disproven mantras from a year ago.

Chip supply is higher than prepandemic. Demand is even higher due to fiscal stimulus. Not even worth discussing, its obvious to anybody that has been following the data closely.

Look at retail sales figures on FRED and explain to me how this is not a primarily demand driven inflation:

https://fred.stlouisfed.org/series/RSXFS

You and many others are conflating "shortage" with "supply side issues". Shortages can be driven by excess demand just the same as constricted supply

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