CNN attempting to create a new narrative

[GMDino]

(02-18-2022, 08:31 PM)Belsnickel Wrote: I always find the discussion of inflation to be interesting when you think about the record profits some of these companies have been making. Personally, the increase in the CPI just smells like corporate greed, to me. But hey, let's all just sit back and watch socioeconomic inequality become worse.

Do they include profit in the CPI? 

All seriousness aside most companies are certainly not hurting.

[Goalpost]

(02-19-2022, 01:16 PM)GMDino Wrote: Do they include profit in the CPI? 

All seriousness aside most companies are certainly not hurting.

To be fair, there are two indexes tracked.

The PPI is the Producer Price Index which is the companies cost to make goods.

The CPI is the Consumer Price Index which is what consumers pay for the goods.

The PPI was up 9.7 percent last year.
The CPI was up 7.5 percent last year.

So in reality consumer prices were up less than the cost of producing.  Companies make money..yea.  But their 'inflation' was worse than the consumers, and the cost of it was passed on less.

[basballguy]

Fox Business now running with this story from CNN too. The new narrative has successfully been created...credit to CNN

https://www.foxbusiness.com/economy/ukraine-russia-crisis-inflation-impact

FOX also doesn't link to the story (because they probably don't have it) or even credit CNN. It does look like they got a new quote out of the RSM dude though.