Posted on 11/14/2015 8:29:53 PM PST by 2ndDivisionVet
A lot of conservative voters — especially those old enough to have lived through the high inflation of the 1970s — are convinced that America is currently suffering from an inflation problem. Sen. Ted Cruz (R-TX) pandered to those voters in a recent Republican presidential debate, blaming the "loose money" policies of the Federal Reserve for raising the prices of various consumer products.
But new data released Friday by the Bureau of Labor Statistics shows that overall, prices aren't going up. At all.
Between September and October, prices actually fell slightly. And over the past year, the inflation rate was exactly 0.0 percent....
(Excerpt) Read more at vox.com ...
Just lovely...
Most likely the last time you even do that, that is ? If you break down again in -30 F if its your only vehical working.
Other wise leave it for springtime.
Gives me the chills just thinking about it.
I bet you have beat back a few buzzards to get at that whataburger..
Soon them old buzzards will look delicious..
Buzzard Burgers..
Actually I am starting to like deer meat more than beef.
Now every vehicle gets a thorough once-over before winter. Not a guarantee, but a good chance to catch any developing problem.
| Year | 2014 | 2015 | Change |
| 24 Pack Coke | $7.18 | $5.98 | -$1.20 |
| 5 Lb Bag Flour | $1.98 | $1.46 | -$0.52 |
| Chicken Soup | $1.35 | $1.34 | -$0.01 |
| Frozen Pizza | $2.98 | $2.50 | -$0.48 |
| Gallon Gas | $2.75 | $2.21 | -$0.54 |
| KW Hour Elec | 12.72 | 12 | -$0.72 |
| Lb Bacon | $5.48 | $5.24 | -$0.24 |
| Lb Green Grapes | $1.98 | $1.48 | -$0.50 |
| Lb Ground Beef | $5.98 | $5.26 | -$0.72 |
| Lb TasteLikeButter | $2.88 | $2.88 | $0.00 |
| Lg Cornflakes | $2.98 | $2.93 | -$0.05 |
| Loaf Bread | $1.98 | $1.98 | $0.00 |
| New House Buy | $373,500 | $364,100 | -$9,400.00 |
| Tide Soap Powder | $17.97 | $11.76 | -$6.21 |
| Toilet Paper | $3.98 | $3.98 | $0.00 |
We often like to say cheaper prices are better and turn right around and say we ought to get a raise. Fact is that when prices like these go down folks tend to buy less now figuring that they'll be lower tomorrow, or at least their wages will be.
What ever we decide about today's prices, we got to realize that the deflation of the 1930's was a lot worse than the inflation of 1980.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.