Posted on 07/12/2023 9:37:40 AM PDT by Red Badger
But gas here is at $5, including diesel. Such bilge.
Real inflation is between 12 and 17%. Still. Interest rates have to go up another 500 bps before you see the market finally getting the picture.
Right now, business are just raising prices because they can. Supermarket chains outright came out and said as much, as did airlines.
Unless and until the interest rate climbs above the inflation rate, the inflation rate will go up, not down. Shrinkflation is definitely not cranked into this number either.
Try getting a pound of coffee. Milk is now coming in less than a half gallon.
Oh yeah it is great to lose your job for “the greater good”. You Republican’ts crack me up.
**************
Do you want Trump back in the White House?
If you do, a recession with job losses will be part of the equation.
Without a recession many people will stick with the ‘nursing home guy’ regardless of inflation.
it’s core that counts. it is still the problem.
The Titanic sank less fast than the previous half-hour. What a break for the passengers.
Fuel at $3.35 in central Texas. That is way more than the $1.85 in November 2020.
Brace yourself for lots of it.
Yes, I was a victim of that recession so screw that. F Volker. May he rot in hell.
Hi.
In the fwiw department inflation is cumulative and perpetuating.
Bad bad juju.
And for those at DU, the solution is Fed gov has to stop spending more than it takes in.
Sheesh.
5.56mm
grocery prices increased far more than 2%.
Which means prices will stay at higher level combining all inflation rates since Biden was selected. I bought a grass edger for $78 in 2019. I need a replacement. New price at Home Depot for same edger model is now $129. Thank you Biden for nothing.
No worries. More Food stamps will be issued to accommodate.
There is never money shortage for welfare.
EXCLUDING FOOD AND ENERGY.
OH...okay
Meat prices are putting a lie to that figure.
Hamburger is up OVER 33% alone.
Yep, just like 1987 was way way higher than 1979. Prices
Never drop, just hoping to slow the increase
A loaf of Wal Mart white sandwich bread was 84 cents.
Last week==$1.38
That is 64% higher-—for the cheapest bread on the shelf.
More and more people have had the opportunity to live with electric cars, and the opinion tide is turning.
Hybrids have staying power, IMO. Electrics are a niche vehicle. Golf carts, fork lifts, short trips. Anyone that bicycle commutes could use an electric.
Prices are still going up and may be forever higher than they were during the Trump years unless we enter a deflationary period.
-PJ
I don’t know how they can call inflation 4% when prices are literally doubling.
High inflation has been with so long now that year over year measurements are no longer giving us the true picture of how much things have gone up. Basically, they’re telling us that these higher prices are the new normal.
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