Posted on 06/30/2022 12:41:54 PM PDT by knighthawk
A lot of packaged food products are up 20%+. $2 has become $2.50, $4 has become $5, etc. And the containers are laughably smaller.
Obviously the Government cooks the numbers to minimize the rate. In the real world people cut back on spending in bad times. The one thing they can't cut back on very far is food . This why it is not counted by the fakers: it comes too close to the actual value.
I absolutely agree with Shadowstats.
I work in purchasing for a small-medium manufacturing and distribution company. I have access to 20+ years of our records for costs of everything - raw materials, logistics, warehousing, professional services, utilities, packaging materials, taxes, insurance, employee medical, etc. etc.
All items obviously didn’t move together, but in the last decade, when everyone said inflation was only 1-2%, our costs were rising, on average 6% - exactly in line with Shadowstats
All they have to do is use experts and consensus because the majority of people dislike thinking for themselves and being a minority.
I was amazed at the number of needle kneelers on FR.
The Federal Reserve is a soviet-style planning agency over the money supply. They are the cause of everything you mentioned. And they enable massive government and its woke, divisize and destructive social policy.
It must be eliminated.
The key price everyone should care about is the price of diesel fuel. Tellin’ ya.
As was I.
The situation is the same here in the U.K.
but whether the Daily Mail will report that, is another matter.
If we measured the general price rise with the same yardstick that was used in 1980-1 it would be, I have read, north of 17%. The max rate hit then was 17 point something per cent. We are at the edge of and will pass the level of being the worst rate of general price increase since the Revolutionary War.
Most of the foods I buy are up at least 20%. Milk, Eggs, canned goods, bread, meats, deli meats, cat food(when you can find it).
Looked at chicken in Walmart. Chicken breasts that were $1.99 all day a few months ago are $2.79. Dozen x large eggs were around $1.60 are now $2.39.
One thing , Gas station at Costco was always a long line unless you went before 8 am.
Now no line, not even all islands with cars.
Folks not driving much.
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