Actually, it costs $1.25; and in some cases, you only get a smaller package, as little as half of what you previously got for $1.00.
Posted on 01/11/2024 10:39:32 AM PST by ChicagoConservative27
CNBC personality Rick Santelli said on Thursday’s “Squawk Box” that it takes a $1.19 to buy what a dollar bought before the coronavirus pandemic.
Santelli said, “Our Consumer Price Index read for the month of December by Bureau of Labor Statistics expected to be up 0.2% up 0.3%. And if you strip out food and energy, it is exactly as expected, which is up 0.3%.”
He continued, “Let’s go along here. Year over year, CPI is expected to be up 3.2. It’s up 3.4. The best it’s been was 3.0 in June of last year. That is the best since March of 2021.”
He added, “If you take core CPI the actual index, which is seasonally adjusted, the read there is 313.216. That probably doesn’t mean anything to you. Means something to me. That’s the highest it’s ever been. It’s ever been! Now remember, the Bureau of Labor Statistics brings out the number. Go to their website. When did COVID start? March of 2020? Okay. This is a December number meaning the most updated prior to about two minutes ago. Go on the website look at CPI inflation calculator and you put in Feb of 2020. What you’ll find is it takes $1.19 of November ’23 to buy what bought a dollar pre-COVID. Do it if you don’t believe me.”
(Excerpt) Read more at breitbart.com ...
Biden is a complete failure. Actually the entire KKK Kill all the Jews Democrats are a complete failure!
the biggest knee to the nuts hasn’t even happened yet, wait until RENTS start catching up with the rise in housing costs!
Rents are about to go through the roof over the next 2 years.
It takes way more than that:
Just look at .99 Cent Store.
Everything is minimum 1.25
Vegetables and fruit are double or more
Refrigerated items are 2x pre-covid
I’ve stopped buying Diet Coke.
Prices are ridiculous now.
Club Soda and Crystal Geyser are still less than $1
Water is free
That’s an outright pice of communist propaganda!
More like $1.45 in 2020 dollars!...
The money we retirees have saved is becoming worth less every day this bag of faeces and his gang are in office. In reality they are robbing those of us that have planned and saved all of our lives for retirement.
We got a letter from Social Security Agency about the COLA adjustments and some new taxes. My wife’s check will be smaller this year. Mine will be a bit larger. Between the two of us we are going to have an extra 33 cents every month to go out on the town.
Based on what I am seeing I say about 26% inflation since 2020...John Williams chart seems to agree (so $1.26 to buy $1.00 in stuff in 2020 dollars):
https://www.shadowstats.com/alternate_data/inflation-charts
Santelli is using the heavily manipulated CPI data (manipulated several times since the ‘80’s to show lower inflation & make things look “rosier” and limit the Social Security increases).
Actually, it costs $1.25; and in some cases, you only get a smaller package, as little as half of what you previously got for $1.00.
The old “Five and Dime” stores gave way to “Dollar Tree” and others. It looks like they’ll have to give way to “Abe & Alex” very soon!
Yes, there already is a chain called “Five Below”, where the goods are five dollars and under. I guess they’ll have to step it up to ten.
In what world is this happening? It takes at least two dollars to buy what cost one dollar a couple of years ago. Sometimes a lot more.
“Gas prices per gallon in our area were below $2/gal for regular gas, when Briben stole the election.
Today, it is $4.35/ gallon.”
That is the reality versus the B$ in this article.
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