June's CPI inflation rate dropped to 3.0%, undercutting the anticipated 3.1%. Core CPI inflation also saw a decline, falling to 3.3% from the expected 3.4%. This marks the 39th month straight with inflation at or above 3%, but notably, it's the third consecutive month of declining CPI inflation.
pull down to refresh
58 sats \ 1 reply \ @IamSINGLE 11 Jul
US hitting 3% sounds like a miracle! We are going so good with 6 to 8 percent here in India!!
reply
21 sats \ 0 replies \ @TomK OP 11 Jul
Europe soon will have this level, too. They can't 'print' energy like the US could until now (petrodollar)
reply
56 sats \ 0 replies \ @Coinsreporter 11 Jul
It may be due to the high demand of US bonds?
reply
45 sats \ 0 replies \ @jp305 11 Jul
reply
54 sats \ 6 replies \ @TomK OP 11 Jul
CPI breakdown
https://m.stacker.news/39201
reply
45 sats \ 5 replies \ @jp305 11 Jul
Tom, what's your long term view on oil?
It feels like when oil prices cooperate, inflation is "officially" under control.
reply
58 sats \ 0 replies \ @wingalt 12 Jul
Going to zero priced in bitcoin like everything else
reply
34 sats \ 3 replies \ @TomK OP 11 Jul
as far as the oil price is concerned, I think we have seen a lot of manipulation by the US strategic reserve. I think that will soon come to an end and then oil may rise significantly in price to 100 or more dollars a barrel by the end of the year
reply
58 sats \ 2 replies \ @jp305 11 Jul
https://menafn.com/1108431955/US-Department-of-Energy-begins-buying-oil-as-strategic-reserve-despite-high-prices
They are buying back some at higher unexpected price.
I'm expecting significant price increase too.
reply
34 sats \ 0 replies \ @TomK OP 11 Jul
after all, the USA is still energy-independent. now imagine what would happen to a currency like the euro that is not backed by energy.
reply
21 sats \ 0 replies \ @Bell_curve 12 Jul
Buy back better
reply