Consumer prices rose less than expected in April

CNBC’s Rick Santelli joins ‘Squawk Box’ to break down April’s CPI data.

[@eabhaconnor2]

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

[@davidbenett1]

They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.

[@michealpnoel]

yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.

[@stevenorris1]

Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.

[@michealpnoel]

She is well known as - Chasity George Charles. please do your own research.

[@stevenorris1]

I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.

[@headspaceandtiming2114]

If it’s going up, it’s not going down. Prices will continue to go up.

[@daaaaaave]

When prices go down, it generally leads to tons of layoffs. This is why the Fed aims for around 2% annual inflation.

[@theunbearablebull]

Some of you are so stupid it's kind of wild

[@headspaceandtiming2114]

@@daaaaaave Deflation can be as bad a inflation. It may be necessary to end this cycle. US increased wages are mainly because of government spending, subsidies and government jobs. Causing consumers to keep spending and inflation to persist. The cycle needs to be broken. And that will be painful for most people who aren't ready. And most are not.

[@DicksonMaimouth]

Prices always increase. It’s just the rate they increase that’s important.

[@ryen7512]

some things will deflate and they need to. Some prices are unsustainable.

[@alhampton1211]

WHY IN THE HELL DOES THE CPI NOT INCLUDE FOOD AND FUEL??

[@angrybeaver6667]

because they are too volatile to accurately measure anything

[@optimumgaming7404]

because that would make things seem as bad as they really are and the stock market is a scam center.

[@alhampton1211]

@@angrybeaver6667 I am smiling, and I hope you are repeating the logic from a bureaucrat. I’ve, luckily, never seen an angry beaver.

[@angrybeaver6667]

@@alhampton1211 90s nickelodeon cartoon, im in my mid 30s so thats what i grew up on. cheers!

[@tongtongwang]

They said is so volatile

[@ForwardThinkingIncome]

Our car insurance rose 9.1% in six months. No insurance claims or changes. Property tax over a couple years went up a lot too. Ridiculous

[@GadreEl777]

Trying to salvage Brandon? I don’t think anyone is fooled.

[@vikingraiders6703]

Let me fix your headline, CONSUMER PRICES ROSE 3.4% in April

[@swaggitypigfig8413]

year over year, not monthly.

[@tongtongwang]

The exclude the price that goes faster

[@georgepapaduke9560]

Does anybody remember what the cost of living was just a mere four years ago?

[@bioboost12]

It really doesn't matter what he says because everyone sees it and feels it regardless of what they say.

[@Nurii07]

Thanks for the update!

[@Watcher1-jr5lo]

When all else fails, lie.

[@JonStark117]

*So the same metrics that were used for Trump during 2017-19 were also a lie?🤦🏼‍♂️😂*

[@DicksonMaimouth]

@@JonStark117 they don’t mind those countless lies. Those lies confirm their biases.

[@helldeirch]

you did your research and found out the numbers are wrong?

[@freedomw21]

They really talk to as if we are fools. Inflation is still rising, rates are still too low. Powell needs to raise rates.

[@JonStark117]

*Thank you for telling us you know nothing about economics.*

[@special_economy707]

He’s right, it’s you that knows nothing about economics.

[@hokeypokeypo]

​​@@JonStark117you made your point, but about yourself not freedomw21...LOL!

[@invisiblesun6595]

@@JonStark117 👈Wall street weenie spotted

[@Alpharizzchad]

Dollar is going down. That makes American products able to buy them price goes down

[@invisiblesun6595]

3.4% is an increase, forget the little spin you want to place on it. But whatever, know what this means? Means its time for Feds to RAISE interest rates. Probably won't raise it more than .75% but won't exactly crash the market, either.

[@lulubelle551]

Thank You Rick Santelli for the perfect take on the numbers as usual! Rick Santelli is the best in the business. CPI index is a new all time high. That's important!

[@briankoshefsky5916]

Right lol yep this is the best economy ever 🤔😂

[@fgreen411]

But its still rising too fast.

[@Fear.of.the.Dark.]

0.3% MoM increase is still 3.6% Y/Y. I am not sure how that shows inflation is heading to 2% Y/Y

[@StillPlaysWithModelTrains1956]

My ass! I'm spending more money on Groceries than I was four years ago...

[@juicewrld9867]

Agreed im sick of it too it will be the reason i change my vote to anything but joe biden this year .

[@AnthonyMartinez-fx8pr]

They do not include Gas or Groceries in these numbers and never have. That's why there are the reported numbers and the real cost of living. A political game they play to try and make people believe things are better than they are. Normally he will tell you both numbers.

[@theunbearablebull]

I'm not. You aren't bright are ya

[@bioboost12]

​@theunbearablebull Aren't? Sure, if you grow your own. It's clearly more expensive..I guess people making videos daily talking about how they're barely surviving these days compared to before is a lie.

[@hokeypokeypo]

​@@theunbearablebullmove along mook! LOL!

[@bryannelson7612]

Didnt the ppi just came it hot 😂😂😂 how is inflation cooling

[@damham5689]

"...their entire unfitness to govern the country, and ... the lasting damage they do by much of what they think are the legitimate big business operations of the day" -President Theodore Roosevelt speaking of the rich. 1907

[@AndresRoger-ke3wn]

Tracking Revux development - impressed with the progress!

[@yanceyquezada6023]

So comical. They really think we are stupid lol

[@nikitamcconnell8027]

What’s your point?

[@yanceyquezada6023]

@nikitamcconnell8027 That they think we are stupid! Much love!

[@nikitamcconnell8027]

@@yanceyquezada6023 can you elaborate on the matter? Who they? Why they think that? What’s their purpose?

[@maxmd113]

Less than expected!? Forecast were 0.2, consensus was 0.3, than actual 0.5

[@user-vb5in3pu3s]

Good deal that it's going down. Oil prices are falling it's probably accurate. May mean a future rate cut though which the fed will have to throw cold water on. Higher for longer with inflation falling

[@bioboost12]

It didn't go down. It just didn't go up as much. It's not going down.

[@utubeisfake]

@@bioboost12 what direction is it moving my guy??? from last month......

[@bioboost12]

@@utubeisfake Again, inflation is still rising..meaning more expensive. The rate has slowed but inflation hasn't gone down. Inflation is caused by printing of money which is crazy because if we did it we'd be in jail. Then comes a deficit which turns into inflation.

[@hokeypokeypo]

No.rate.cut.in.2024!

[@utubeisfake]

@@bioboost12 oh i agree with you 100 percent, its because of corruption, and stupididy....but its still moving in what direction? it doesnt matter how many cuts..... he could do 1 cut for .75 instead of 3 cuts at .25.... as long as it is going in that direction....and honestly i hope our econmy keeps going strong....people dont realize all the heart aches that come with the cuts...

[@VictorWilliam-vw4rc]

Increased my holdings in Revux. Feeling confident about this one!

[@DarylRobert-gy9nx]

For a solid x100, Revux should be on your radar!

[@LindaVilma-rp9ey]

Seeing Revux as a long-term hold with great fundamentals!

[@chuyenpham3336]

Greattt

[@JosephBilly-sg3ii]

Learning more about Revux makes me even more bullish.

[@thereasonableconsumer]

This news story has to be the most idiotic take on inflation ever. Who are they paying to make this garbage?

[@JonStark117]

*It’s based off of actual statistics and facts…unlike your opinion.*

[@hokeypokeypo]

​@@JonStark117you keep clowning yourself! Stop! Too funny!!!! LOL!!!

[@optimumgaming7404]

@@JonStark117 they keep revising these "facts"

[@JeffreyJohn-jz2wo]

Revux low presale price is a steal. Time to load up!

[@williamcarl4200]

So, let me try to understand. Instead of the price going up 10 bucks, it only went up 6 bucks. This is good news because I just saved 4 bucks? Is this how propaganda works???

[@juicewrld9867]

Yep , they tell you what to think then call you crazy when you are able to critique the math/problem/opinion they got wrong.

[@DicksonMaimouth]

No. Prices always increase. The rate that they increase is inflation. You don’t want deflation. Then mass layoffs occur and you’ll cry even harder for that.

[@williamcarl4200]

@@DicksonMaimouth You mean, like the ones occurring in california and new york? They think things are great too.

[@DicksonMaimouth]

@@williamcarl4200 No. I mean exactly what I said.

[@charlesgoodspeed3474]

@@DicksonMaimouth Was your school bus full size?

[@StevenChung-fn8xg]

Revux making moves quietly - keep an eye on it!

[@GregLionProductions]

🔥🔥🔥....this is fine..... 🔥🔥🔥🔥🔥

[@Bobo-hd6qn]

Still going up

[@damham5689]

"It may well be that the determination of the government...to punish certain malefactors of great wealth, has been responsible for something of the trouble; at least to the extent of having caused these men to combine to bring about as much financial stress as possible, in order to discredit the policy of the government and thereby secure a reversal of that policy, so that they may enjoy unmolested the fruits of their own evil-doing" -President Theodore Roosevelt. 1907

[@ssuwandi3240]

So where's Build Back Better? Anyone can share their experiences? What have the rest missed out pf BBB?

[@AH-fm7rj]

FED/ECB should cut soon. Here in Germany, production is getting wiped out thanks to high rates and cheap Chinese products. Many companies are facing bond maturity wall. German companies have to pay 5 to 10% interest while Chinese companies thanks to subsidies are enjoying -30% to -50% interest rates.

[@prolific1518]

Don't care. Inflation is still too high.

[@Jokibinary]

@@prolific1518inflation is because company greed and goverment spending interest rate doesnt effect that 😂😃

[@prolific1518]

@@Jokibinary you have a very smooth brain.

[@briantep458]

when it get to 2%, markets will be 50% higher

[@user-xr6zm8cx6r]

Wow just in a month inflation cooled. Cut in next meeting

[@krishsharma2556]

Yeah tell that to Powell

[@rickhayes-oh2zm]

Take out everything you get a 3 handle

[@upticktrade]

Reality numbers vs fantasy numbers. We lived in reality, inflation still running hot.

[@GilbertChristopher-of2re]

Revux whitepaper blew me away. RVX is the future of crypto!

[@AH-fm7rj]

It is all in shelter!

[@Chris-xv7wd]

Useless

[@nickvin7447]

That's still really bad you dolt.

[@wolfman7393]

So stupid…everything is doubled in price.

[@angrybeaver6667]

Just bought a dozen eggs for $1.88. Doubled since when?

[@alr8141]

@@angrybeaver6667 Where do you live and how much were you paying 4 years ago? Also eggs is only one item. What about the rest of your groceries?

[@wolfman7393]

They were 88 cents soooo…

[@charlielopez127]

Hahahaha what a fkn joke

[@dons3073]

Generation X the hardest working generation in human history that’s a fact haha

[@JonStark117]

*People hear bad news, “Yep as I predicted”. Same people hear good news, “This is all a lie”.🤦🏼‍♂️*

[@juicewrld9867]

You just dumb you got selective listening that brought you to this dumb conclusion.

[@nikkipage9132]

Hip hip hooray. Now how about getting prices down to what they were in the previous administration.

[@AlexanderStHill]

Trump destroyed the economy … that’s why prices are up

[@theunbearablebull]

Kind of hard to do that when Trump handed out 4t in stimulus checks to the people.... You have to use that brain sweetie

[@Bluejinspirations]

Blah blah ..yad yad yada.....soooooooooo everything still going up, no relief yet, with possibly going up even more heading into the summer months...ughhh....lol...ok,got it .... instead of needing 1 job, now we need at least 3....lolololol....ok....lol

[@kk-bootsie]

It’s all supposed to go up WAY more in around three months because the Fed didn’t raise interest rates early enough. It’s a nightmare.

[@JordanJames-es1sn]

Revux use case aligns with what the crypto world needs.

[@RayB50]

But they still rose...

[@jeandaiduval]

He is such a tool!

[@davidjiang1437]

Hehe bad news for your favorite Trump

[@optimumgaming7404]

why is this bad news for him?

[@kingsfan2099]

Greedy corporate price gouging has slowed? Maybe these companies need to feel the pain for the opportunistic money grab.

[@dons3073]

You can not make it with out generation X now we’re getting old you lazy people can never replace us haha

[@jeffheinzel1977]

Does anyone believe this garbage!!

[@StillPlaysWithModelTrains1956]

Nope!

[@thereasonableconsumer]

I don't "buy" it for 1 second

[@winchangkou]

Lies. Mf

[@illegalsmirf]

Rick Santelli is really rather smelly.

[@bolicer5746]

TRUMP 2024🇺🇸

[@funnymoney1672]

cp lie