yeah, they're hurting.
But inflation (especially in food) is real. It used to be (before the Muslim Usurper took the White House) you could buy 1/2 gallon of ice cream locally, for $2.49, sometimes $2.00.
Now it's going for $5.99, for 1.5 quarts. = 2.4*4/3 ~ approximately triple in price. In 8 years.
No inflation my ass.
I like to use what I refer to as the “Graham Cracker Index.”
Not too many year ago, graham crackers were sold in a standard-sized package, stacked flat in the box.
Then, they were packaged on edge, so that only about 75 percent of the old amount of product was sold for the same price as before: INFLATION.
Then, the boxes were made ever so smaller, so that there is now only about 60 percent of the product available for the same price: MORE INFLATION. (They usually have a lower price on the new stuff to make us think we’re getting a good deal)
Now, the OPA price police are SUPPOSED to account for portion size, but they can’t really do this without a standard of comparison. In other products it even worse, like adding more gas to the potato chip bag so it looks the same as before, but has substantially less product.
I doubt the price police have caught all these things, but the BLS says that they take it into account. I WISH I had measured all these things, but who thinks to take a sounding at any given point in time?
The bottom line is that all the Keynesian-based economic data that are gathered in this country are pretty much garbage and have been for a very long time. I don’t think the numbers have enough signal to be adjusted to the true numbers. Just too high a noise-to-signal ratio.
Finally, they explicitly increase price on the 60 percent. It’s usually when a Repubican is in office and the career bureaucrats want things to look really bad.
We export food and jobs and wonder what is the problem...