Posted on 12/13/2022 6:49:30 AM PST by ChicagoConservative27
Calm before the storm.
This is complete BS! Just came back from the grocery store last evening. Prices were in many cases DOUBLE what they’ve been from last year. Empty shelves as well.
I paid at least double, maybe triple for scallions yesterday than not too long ago. My house is worth over double what I paid 6 years ago, yet no young people can buy it and prices aren’t really backing down at all.
The crap-weasals who cook the inflation books are clowns. They no longer use food, energy and housing in their calculations.
It’s a joke, but the math catches up sooner or later. It already is.
These folks are scum. The real headline should read “Inflation still holding firm at 7.1 percent, Fed rate cuts having little effect.
7.1 percent spells relief? They are insane!
When Whole Paycheck opened down the street one of my coworkers went to get a salad for lunch. It rang up just under $20.
The funny thing is that at the time Ruby Tuesday’s at the entrance to the same plaza had an “all you can eat salad bar for $9.99”.
Maybe we’ll see some minor changes like people having a brighter outlook on the future.
If that happens, I attribute it to the fact that the Rs took over the House. I know I breathed a little easier.
I bought a couple 50# bags of rock salt this past weekend. $10/bag now in southern NH. It was $8.99 last year. I asked the local ACE hardware store why it was up in price. He told me their costs had gone up. I called BS on him to his face. He owns the store I have been going to for 30 years.
I told him I had just sold a truckload of rock salt the previous week. That American Rock Salts wholesale price had not changed at all from last year. The freight also has not changed. He said that they were competitive with the other local retailers. He was correct, Lowes was 10.29/bag.
My point is that even on items that are not up in price at the wholesale level, the retailers are pushing up prices because they know they can. IF their competition down the street is X, they only need to be at the same.
“November slowdown in inflation could give consumers relief both from rising prices and rapidly rising interest rates.”
Did car, food and gas prices come back down.
isn’t this the definition of gas lighting?
All govt numbers are a complete crock of shit.
They had to make chicken cages bigger because of a stupid California law. That may have resulted in some increase... Not sure when it took effect. I think I’m going to start buying eggs from the neighbors stand.
“This is especially true for lower-income Americans who are disproportionately hurt by inflation,” Frick said.
The people who are hurt most by inflation are older-retired people whose retirement plans and bank accounts have lost value. Once money loses value it never regains it and they don’t have the time to go back to work and recover.
Up until this past summer it was against county ordinances to have animals in a residential area ‘that are normally found on a farm’. This was passed way back in the 80’s to stop people wit Vietnamese pot-bellied pigs from having them as pets in populated areas.
But they rescinded part of that ordinance to allow people to have chickens, hens only, no roosters, because the cost of eggs was sky high..................
I think Black Rock is buying...in hopes of paying off in mega-inflated $$$.
“Yeah right. I went Aldi Sunday and eggs were $4.95.”
The price of eggs has nothing to do with inflation. The price of any individual item is meaningless when it’s the price of EVERYTHING that influences inflation.
What’s happened lately to the price of oil, which influences the price of almost EVERYTHING we buy?
Yeah, it’s down, and down significantly.
Yea, 7% vs 8% so much relief... SPIN SPIN SPIN THE PROPAGANDA MACHINE MARCHES ON.
Eggs were still around $2 at walmart last I checked... but yes local super markets have been around 4-5 a dozen for a while now.
7% is a joke. They don’t include food and fuel in those calculations.
Fuel prices drive most prices of goods including food.
He told you their costs went up... He was probably thinking about overhead costs going up too. I agree with you that they are raising prices just because they know they can. Construction labor is doing the same thing.
This inflation and us getting used to it, is what I think the whole great reset is all about. The government is trying to inflate some breathing room in all its debts... Tax revenue increases along with everything thing else.
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