Funny how they stopped using many of the sure cost risers as part of the equation when the economy originally tanked during the transition from Bush to Obama - it seems they have kept removing things so soon the indicator will be free Obama phones....
Yes, they just leave out items Americans use such as food.
It is now more expensive to make your own food that eat out. Especially if you add time for preparation and cleanup.
18.5 trillion dollar debt = inflation on the way
The person who wrote this has’t bought any groceries in a while.
Really? Does this clown buy groceries? My grocery bill has doubled.
Good old Vox ‘spraining how the obvious is false......Government inflation numbers NEVER take into account the things one actually pays for in life
No inflation? Where does this guy live? I want to move there.
“But new data released Friday by the Bureau of Labor Statistics shows that overall, prices aren’t going up. At all.”
Need a clue as to where little Timmy’s head is? Go to Sonic
and look at those little kiddy burgers, Folgers new smaller
cans of coffee or the price of beef. Deflation right, product
deflation.
“Was this article helpful?”
For what constipation?
Who is Timothy B. Lee?
| 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.