How much longer will this bear market go on for?

Swipe

Sit back and watch this guy get smoked in real time

adindas

Inflation (CPI) Figures in the US in more details, sector per Sector

 

 

Millyonare

Yes, some UK and US prices (like food) are still going up. But the overall price trend now is down, particularly for diesel and petrol. We'll likely be flapping about deflation next year.

Type_45

Official figures.

Prism

Type_45 said:

Official figures.

Can you not see that all those thing can be true and at the same time prices of some things, especially gasoline (petrol) are coming down?

Linton

Prism said:

Type_45 said:

Official figures.

Can you not see that all those thing can be true and at the same time prices of some things, especially gasoline (petrol) are coming down?

Also year to year figures ae very lisleading if you are interested in shorter term inflation changes as a step change in prices will stay in the data for up to 11 months.  The latest CPIH data shows monthly inflation at 0.7%% for May and 0.8% for June which is much lower than the annual figures indicated here, 0.8%/month being equivalent to 10%/year.  July data should be available next week.

See https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022#:~:text=in Section 5.-,On a monthly basis, CPIH rose by 0.7% in June,with 0.5% in June 2021.

It looks like the figures given here are US from the use of "Gasoline" and the importance given to Health Insurance.

Prism

Linton said:

See https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022#:~:text=in Section 5.-,On a monthly basis, CPIH rose by 0.7% in June,with 0.5% in June 2021.

It looks like the figures given here are US from the use of "Gasoline" and the importance given to Health Insurance.

Yes, we are only referring to US figures because one particular poster seems a bit obsessed with them. I would say the ONS figures for the UK are much more relevant.

adindas

Type_45 said:

Official figures.

What you are probably not aware of is that the stock market is looking forward by default. So the past inflation figures has been priced in the market. So the past figure while it is still relevant to see how far it has changed is not as important as whether the current and incoming figures keep going down or up.

If it keeps coming down, it will be reflected with positive response in the stock market.

The high Inflation figures are one of the main causes of the current bear market

masonic

Type_45 said:

Official figures.

Nobody is suggesting that prices are lower than they were this time last year, rather that some sectors have peaked earlier this year and are now starting to come down.

InvesterJones

Type_45 said:

Prism said:

Type_45 said:

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

No, it means what it says - the price of food and fuel has dropped. Not by much, but enough for it to be news worthy.

No.  That is not what it means.

Prices are soaring.  Not falling.

MoM:

Gasoline: -7.7%

Utilities (to match your quote before, actually piped gas service): -3.9%

Clothing: -1.1%

Airline fares: -9.6%