Has inflation peaked?

[beach43ofus]

Thsi thread began 2 months ago, so we can now conclude that no, inflation had not peaked yet...food inflation rose to 13.1% in July:

https://www.foxbusiness.com/economy/...ces-accelerate

[FIRE42]

Originally Posted by beach43ofus

Thsi thread began 2 months ago, so we can now conclude that no, inflation had not peaked yet...food inflation rose to 13.1% in July:

https://www.foxbusiness.com/economy/...ces-accelerate

Page one of this linked July CPI report (https://www.bls.gov/news.release/pdf/cpi.pdf) indicates "The all items index increased 8.5 percent for the 12 months ending July, a smaller figure than the 9.1 percent increase for the period ending June." The next page has a nice visual showing inflation MtM for the past twelve months, and it's coming down from the June 9.1% increase to the July 8.5% increase.

So while inflation has increased YoY, it has now started a downturn on a MtM basis, which means it has peaked. That doesn't mean it can't go back up of course.

[mojo101]

going into fall and winter ,fuel is not coming down,and with drought in CA,fresh produce wont come down,and the USMCA dispute between Mexico with US and Canada,import produce like water melon,avocados,pineapple,mango and misc veggies could face sanction .
There is a shortage of truck drivers, $110,000 is the latest offer

[leastprime]

I think the Equity Market is showing indications that we have near the Market’s bottom (max inflation). My trading portfolios (in total) is up 10% in the last week. I’m relatively high in cash and heavy $AMC, crypto mining, and alternative energy.
YMMV

[lieqiang]

Originally Posted by beach43ofus

Thsi thread began 2 months ago, so we can now conclude that no, inflation had not peaked yet...food inflation rose to 13.1% in July:

https://www.foxbusiness.com/economy/...ces-accelerate

A single category that is only about 10% of the average household's budget is not the barometer for all inflation.

[Mod cut: personal]