Posted on 02/10/2022 3:19:25 PM PST by Kartographer
They blamed COVID-related supply issues, as well as high labor costs and rising expenses for fertilizer and other farming necessities. Goldman’s forecast is the latest gut punch for U.S. consumers grappling with rising costs for practically everything, from rent to food.
It also serves as a shot across the bow of election-minded politicians who already know inflation will be perhaps the single biggest issue going into the November midterms.
For working families, another 6% increase in grocery prices would make it even harder to get ahead. Since the start of the pandemic, food costs have jumped by about 11%. Wages over the same period have declined by 1.2%.
you know who really gets screwed? retired folks on a fixed budget
Screw you. You need to quit poisening the narrative and just die already. We don’t want accomplished, loyal, patriotic fogies in our midst. /sarc
Again.
5.56mm
The Tri-Tip we buy at Costco went from $12 to $20 and 2/3rds the size, that is DOUBLE what it was!!
Perfect news for the Great Reset! The little people of flyover country will eat cockroaches imported from China:
https://www.youtube.com/watch?v=b_ZTsDfjAp0
Food and energy inflation is felt by everyone, acutely.
Except the very rich.
This will kill Democrats.
Exactly—old timers like me remember what inflation did to Jimmy Carter.
He was hated by everyone—it was beyond politics.
Every single bill went up and up and up and up—even the dullest of the dull figured out what the problem was....
The technique of blaming Company X or Company Y does not work when all prices are rising for everything...
40-year high inflation is an “attack on our democracy.”
“The 2 pound brick of cheese on sale usually goes for $5”
Do you have a time machine? How is this possible?
$5 Friday at Safeway. Tomorrow: Butter - 2 lbs. for $5.00.
Actually got butter a few weeks ago for $.97. Same with Tillamook Ice Cream. These were specials if you are signed up with Safeway 4 U.
That’s great.. and sadly seems true
Little Debbies cakes 2 for 4bucks....two weeks ago.
Today, 2 for 5bucks.
Apt. gas bill way up....
Me, too. Have an apt. Retired. We’re the poor relations on FR. Inflation destroying our financial lives is not a matter of abstract theory to us.
6 pack of coke at Austin Walgreen’s now 7bucks.
Beer is about 8bucks a six pack.
That’s funny.
Putting trillions of new dollars into circulation diluted their value so we need more of them. Politicians should not have any control over the money supply.
I’m pretty sure I can stretch my “can of soup with an Italian sausage link” from one meal to two, and I know I can drink more water from my Berkey filter while consuming far fewer recreational beverages. I may be wrong, but I think maybe I was made for difficult times. I suspect I’m about to find out.
Just came back from the grocery. OMG! They’ll need a skyscraper to have room for the inflation in prices.
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