Biden Administration Dragging Economy Backwards.

[StuAzole]

RUnAWaY iNflaTiOn

Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases

The consumer price index was expected to increase 0.3% in June and 3.1% from a year ago.

www.cnbc.com

 

[Ifallalot]

RUnAWaY iNflaTiOn

Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases

The consumer price index was expected to increase 0.3% in June and 3.1% from a year ago.

www.cnbc.com

Not good at math, are you?

 

[Autoprax]

 

[StuAzole]

Not good at math, are you?

I’m average at math but I do know that 12 straight months of declining inflation isn’t runaway inflation!

I‘m also able to tell that the rate of inflation is now just about in line with long term averages.

 

[afoaf]

Not good at math, are you?

we can add economics to the list of things you're not good at!

30-Year Breakeven Inflation Rate

In depth view into 30-Year Breakeven Inflation Rate including historical data from 2010 to 2023, charts and stats.

ycharts.com

.

 

[hammies]

The current inflation rate has gone down dramatically but because prices on so many things, especially groceries, remain so very much higher than they were back in pre-pandemic times, people perceive inflation as still rampant. Perception is everything.

 

[Kento]

The current inflation rate has gone down dramatically but because prices on so many things, especially groceries, remain so very much higher than they were back in pre-pandemic times, people perceive inflation as still rampant. Perception is everything.

It's rough when burgers cost the same in town as at ski resorts.

 

[mundus]

Highest inflation in the country? Florida! All deSantis's fault right Gromsdad?

 

[Ifallalot]

we can add economics to the list of things you're not good at!

30-Year Breakeven Inflation Rate

In depth view into 30-Year Breakeven Inflation Rate including historical data from 2010 to 2023, charts and stats.

ycharts.com

.

View attachment 158274

Always believe

here’s something for you to play with, it’s even from an official source

Inflation Calculator | Federal Reserve Bank of Minneapolis

What’s a dollar worth? How far does a past dollar stretch to equal the modern dollar? What would past prices be today?

www.minneapolisfed.org

 

[Ifallalot]

The current inflation rate has gone down dramatically but because prices on so many things, especially groceries, remain so very much higher than they were back in pre-pandemic times, people perceive inflation as still rampant. Perception is everything.

That’s inflation

the prices have already inflated, the rate slowing is meaningless to the average consumer

 

[Kento]

That’s inflation

the prices have already inflated, the rate slowing is meaningless to the average consumer

Goddamn free market.

 

[StuAzole]

That’s inflation

the prices have already inflated, the rate slowing is meaningless to the average consumer

So dropping inflation is skyrocketing inflation because two years ago there was skyrocketing inflation? Lol.

 

[afoaf]

Always believe

here’s something for you to play with, it’s even from an official source

Inflation Calculator | Federal Reserve Bank of Minneapolis

What’s a dollar worth? How far does a past dollar stretch to equal the modern dollar? What would past prices be today?

www.minneapolisfed.org

once again, you totally miss the fkn point

why do you even bother arguing if you can't even follow a basic thread?

there has been a pretty steady annual rate of inflation over the last 50 years or so....this is a built-in feature of our monetary framework.

the current rate has settled back to that trendline after a big spike post-covid relief disbursements

 

[Ifallalot]

once again, you totally miss the fkn point

why do you even bother arguing if you can't even follow a basic thread?

there has been a pretty steady annual rate of inflation over the last 50 years or so....this is a built-in feature of our monetary framework.

the current rate has settled back to that trendline after a big spike post-covid relief disbursements

The official answer doesn’t matter to me or anyone else when their budgets are destroyed by rising prices

How much groceries and gas cost as compared to how much they did recently is what matters

 

[Kento]

The official answer doesn’t matter to me or anyone else when their budgets are destroyed by rising prices

How much groceries and gas cost as compared to how much they did recently is what matters

So what's your solution to force prices to fall?

Nobody is willingly taking a pay cut.

 

[mundus]

The official answer doesn’t matter to me or anyone else when their budgets are destroyed by rising prices

How much groceries and gas cost as compared to how much they did recently is what matters

You never blame the monopolistic corporations that are showing record profits during this period of inflation like a good little corporate serf.

 

[afoaf]

The official answer doesn’t matter to me or anyone else when their budgets are destroyed by rising prices

How much groceries and gas cost as compared to how much they did recently is what matters

well, now you're moving the goalposts....and blaming the government for what is often a move made by corporations to extract higher profits

‘Greedflation’ is the new inflation as corporate profits balloon

Some of the largest general consumer S&P 500 companies are raising prices to boost their own profits, even as the Fed raised interest rates to control inflation, according to a new watchdog rep…

thehill.com

for the record, my grocery bill is the same. (actually lower since I started using costco every couple of weeks for staples)

my eggs are the same.

I don't really get the food inflation argument...maybe if you buy a lot of CPG you're more exposed, but I strictly shop at the edges

 

[GromsDad]

The current inflation rate has gone down dramatically but because prices on so many things, especially groceries, remain so very much higher than they were back in pre-pandemic times, people perceive inflation as still rampant. Perception is everything.

The bigger issue is that wages of the average worker have not kept up with the Biden Inflation Explosion.

 

[mundus]

The bigger issue is that wages of the average worker have not kept up with the Biden Inflation Explosion.

A republican pretending to care about the non rich, such a fooking absolute fraud you are.

 

[Ifallalot]

well, now you're moving the goalposts....and blaming the government for what is often a move made by corporations to extract higher profits

‘Greedflation’ is the new inflation as corporate profits balloon

Some of the largest general consumer S&P 500 companies are raising prices to boost their own profits, even as the Fed raised interest rates to control inflation, according to a new watchdog rep…

thehill.com

for the record, my grocery bill is the same. (actually lower since I started using costco every couple of weeks for staples)

my eggs are the same.

I don't really get the food inflation argument...maybe if you buy a lot of CPG you're more exposed, but I strictly shop at the edges

You're either being dishonest or unobservant

Sticker Shock at the Grocery Store? Inflation Wasn’t the Only Reason Food Prices Increased

Last year, U.S. consumers saw the largest annual increase in food prices since the 1980s. While food prices generally increased about 2% in prior years, they increased about 11% from 2021 to 2022. Inflation contributed to the increase. But there were other factors—like global disruptions to the...

www.gao.gov

USDA ERS - Summary Findings

ERS research and reporting of the Consumer Price Index (CPI) for food contributes to an understanding of which food categories experience substantial price changes, how consumers spend their incomes on food, and how and why prices change.

www.ers.usda.gov

Food Prices: As Dining Out Costs Climb, It May Pay to Eat In - NerdWallet

Inflation has been declining overall and the food index is rising at a slower rate than it was a year ago.

www.nerdwallet.com

Of course the problem is multivariate, but the fact is that even if we take into account expected inflation rates, food is rising at about twice that

And this is shopping at the edges of the store like you're supposed to as well

Greedflation is simply a buzzword with an attempt to place the blame of a multivariate problem. Of course companies driven by profit are going to raise prices in order to keep the profits flowing in