Why do they keep insisting there is no inflation?
While the cost of gas has returned to previous levels, practically everything else needed for daily existence - food, rent, etc - continues to steadily increase.
Agreed - when I saw that inflation was pretty much nil, I wondered if they had been shopping for a steak or cauliflower lately. Heck, never mind the steak, just ground beef. Heck, never mind the ground beef, six SOUP BONES with marrow were $12 the other day.
The only thing I can think is that perhaps gas and heating fuel are low enough that it’s offsetting the ridiculous price of groceries. Thankfully, wine is holding steady.
They must not have bought groceries in a while. A 1 pound package of bacon is now 12 ounces for the same price generally. Old recipes will call for a 16 ounce can of something that now only comes in 14 or 15 ounce sizes. Seems the prices stay the same while the content shrinks.
That’s right, but they’ll point to the gas prices to say there is no inflation (and therefore they don’t have to increase Social Security payments). This way they keep it solvent longer while maintaining the lie that there is a “recovery”.
We’re doing exactly what Weimar Germany did and expecting a different outcome.
That's sure how everyone feels, especially on these threads. The disconnect here is that the article is not referring to feelings but rather to recorded transacted prices of things spend money on. That grand total hasn't changed since 2014 and actually went down last month.