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somsai

(157 posts)
9. Bureau of Labor Statistics report here
Fri Aug 15, 2025, 02:07 PM
Aug 15
https://www.bls.gov/cpi/
The CPI that came out yesterday is what people are on about. It's at a slightly higher rate than inflation if you pull out food and energy at 3.1%. Overall at about 2.7%, or at the rate it's always been at for a while now, same as July. Some things up, others down. Beef costs more, chicken costs less. So why are op eds in the WSJ upset.

I'll tell you what, the WSJ isn't worried about people's grocery bills, nor what workers pay for anything, they are the newspaper of corporate America, especially the notorious opinion section. What they and wealthy media are concerned with are corporate profits. When costs go up, they can charge more and people won't buy their stuff, or they can make less profit. In both instances quarterly profits go down. If profits are down that can translate into hundreds of millions of dollars. Frankly I could care less. We grow our own tomatoes.

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