[deleted] t1_jeeiw4c wrote on March 31, 2023 at 1:10 PM

#2,527,568

[removed]

[deleted] t1_jeekib6 wrote on March 31, 2023 at 1:22 PM

#2,528,133

[removed]

OneWhoSearches t1_jeenof1 wrote on March 31, 2023 at 1:46 PM

#2,529,252

Tell that to my grocery store, thanks.

[deleted] t1_jeentph wrote on March 31, 2023 at 1:47 PM

#2,529,298

[removed]

Vegan_Honk t1_jeeq37e wrote on March 31, 2023 at 2:04 PM

#2,530,031

They expected inflation to increase anyways but the market will moon because it's slightly less than expected and thus fed can now cut rates because the peasants "will be fine" while rates are starting to really dig at important people: the rich.

Stupid fucking markets.

[deleted] t1_jeeraqv wrote on March 31, 2023 at 2:12 PM

#2,530,405

Replying to Vegan_Honk (#2,530,031)

[removed]

BG40 t1_jeetr1d wrote on March 31, 2023 at 2:29 PM

#2,531,295

Replying to OneWhoSearches (#2,529,252)

That’s price gouging in effect. Eggs manufacturers reporting 700% increases in profits isn’t inflation.

denandrefyren t1_jeevekp wrote on March 31, 2023 at 2:40 PM

#2,531,886

Replying to OneWhoSearches (#2,529,252)

Well that's because food prices aren't included in core CPI, neither are energy prices. They're considered "too volatile".

Tonaia t1_jef0mi8 wrote on March 31, 2023 at 3:14 PM

#2,533,671

Replying to BG40 (#2,531,295)

That report specifically cited that the manufacturer was unaffected by the bird flu and didn't have to cull the flock.

[deleted] t1_jef1cf6 wrote on March 31, 2023 at 3:19 PM

#2,533,914

Replying to denandrefyren (#2,531,886)

[removed]

[deleted] t1_jef73u3 wrote on March 31, 2023 at 3:56 PM

#2,535,824

Replying to Tonaia (#2,533,671)

[removed]

[deleted] t1_jef7uyt wrote on March 31, 2023 at 4:01 PM

#2,536,102

Replying to BG40 (#2,531,295)

[removed]

key-wavelength t1_jef9tu6 wrote on March 31, 2023 at 4:14 PM

#2,536,715

Replying to Tonaia (#2,533,671)

The egg industry is a cartel. They have been busted for this in the past.

Snagmesomeweaves t1_jefdidx wrote on March 31, 2023 at 4:38 PM

#2,537,850

Once we get YOY data for May etc when the rates started increasing and changing consumer habits, the inflated numbers from housing market will start showing less bias on the overall inflation numbers.

SirAwesome3737 t1_jefh83m wrote on March 31, 2023 at 5:02 PM

#2,538,971

Replying to Snagmesomeweaves (#2,537,850)

The Fed is looking at core PCE ex housing. Housing isn't a part of the formula.

Tonaia t1_jefh8am wrote on March 31, 2023 at 5:02 PM

#2,538,974

Replying to key-wavelength (#2,536,715)

I don't disagree. The context of that particular story does matter though. Cal-Maine Foods could have taken a smaller profit, but they didn't. They took full advantage and exploited the supply shock, but they could only do that because they didn't lose any production themselves.

Their unwillingness to step back from profit kept the egg prices high.

Snagmesomeweaves t1_jefid6b wrote on March 31, 2023 at 5:09 PM

#2,539,331

Replying to SirAwesome3737 (#2,538,971)

Fair enough, and I stand corrected

[deleted] t1_jefjol7 wrote on March 31, 2023 at 5:18 PM

#2,539,706

Replying to Tonaia (#2,538,974)

[removed]

MentallyUnchallenged t1_jefk6jf wrote on March 31, 2023 at 5:21 PM

#2,539,873

0.3% per month is still about 3.7% a year, nearly double the target 2% rate of inflation.

Fineous4 t1_jefoo75 wrote on March 31, 2023 at 5:51 PM

#2,541,274

Replying to BG40 (#2,531,295)

If you made one cent last year in profit, but made eight cents this year it is a 700% increase in profit. Percent increases in profit don’t matter because they tell you absolutely nothing. Increases in revenue tell the story.

guitar_vigilante t1_jefsus8 wrote on March 31, 2023 at 6:18 PM

#2,542,585

Replying to denandrefyren (#2,531,886)

No that isn't why. The food index increased 0.4% for February, and also the main CPI number published by the BLS is not Core CPI, so the number in the headline is not what you implied it is nor is the .4% increase in food out of line with the aggregate index.