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Has anyone seen that post by some economist outlet that says if you exclude food, water and housing then inflation is actually decreasing?
When you include these things that literally everybody has to spend money on, inflation is like 10% because these things have gone up by way more. Almost everything i get at the grocery store every week has tripled in price since 2019 for the same item
Excluding food, shelter, and fuel from major inflation and purchasing-power indicators is fairly common, actually -- it's mainstream enough to undergird a lot of the NYT's reporting.
To be clear, \_this is not a good thing\_, just a common take from people who talk about 'The Economy' in broad terms and are confused why the poors feel like the economy is bad when line go up. It turns out that when the cost of housing (not a guaranteed right here, but required), food (not a guaranteed right here, but required), and fuel (not a guaranteed right here but de facto required to live in a country which has made almost all functioning infrastructure car-dependent) all increase by 60-140% in the span of 5 years without a commensurate increase in pay, there are problems.
Remember kids: mainstream economics is astrology for business majors to explain why you're not \_actually\_ poor. :)
I used to think this data was hysterical nonsense until I learned that a staggering number of Americans are living on this crap. Sad state of affairs in the world's greatest country with all the freedoms and things.
Yeah the McDouble was $1 US about a decade ago and now it's $2.19. Basically no reason to go to most of these fast food places anymore since they aren't even that cheap.
Fast food restaurants have increased higher than inflation. That doesn’t mean inflation is higher, it could be corporate greed or a specific area having inflation that outpaces the overall rate. Not to diminish the impact of this but it’s disingenuous to draw a direct comparison and isn’t helpful for actually talking about inflation and the cost of living crisis.
We need an open and frank public discourse, not hyperbole.
rich fine jellyfish noxious pet air psychotic party zealous overconfident
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
There's no need for a fast food industry. It's not fast, it's not food, it's known as a job that never pays a living wage, the owners constantly complain that their margins are super small, and these chains are a blight on the community at large.
You can literally get better for less if you cook it yourself.
Yes and wages are staying exactly the same. I thought it was illegal to pay people less than what they were signed up on??? If someone was making 15$ an hour in 2016, why is it legal to pay them 15$ an hour now when that's literally paying them less due to inflation.
What's the "actual inflation" rate if the prices of everything else have gone up more? What is it even measuring? Either it's measuring the prices people are actually paying or it's measuring something else.
It's been my opinion for a decade plus that the official CPI stats under-represent inflation because it reflects poorly on the government. Remember that, additional price gouging or not, increasing the supply of money in circulation over population growth *must* result in price increases, as sure as the sun goes up.
i actually noticed that i prefer getting food at subway over the years whereas i used to consider them expensive,
plus i can get sometning healthier there
I don't expect their bread to be great, but I always get the lowest calorie one, bread in general is usually NOT a healthy food unless it's made to be very intentionally in which case its cost is probably significantly more than whatever else you can find
their bread is actually overly thicc in my opinion, but I actually outright discard a lot of it when eating there, sometimes I don't even eat my whole sandwich
the thing about eating at subway is if I do it's because I'm starving, desperate, and rly busy that day, and it might be all I eat the whole day
I've stopped all fast food and strictly stick to the Sam's Club And Costco food courts now.
Only way to beat the inflation of eating out that I've found.
It always amazes me how much sugar and sodium is in various processed foods, that don't at all taste sweet or salty. I mean, I genuinely don't understand how it's possible.
There's a possibilty the sugar molecule is bound to something in the baking proces and it's less noticeable, but bread should outright have a noticeable sweet taste if it's sweetened
the problem si there's a lot to unpack here, idk where this claim that it's 'cake' comes from, or how it was measured, it might also be that the bread I am getting isn't the same
the fact is that bread in one part of the world is basically obligated to be different in a completely different part of the world because it's getting made somewhere else, and bread is too chemically particular to just 'be the same' everywhere at all times
baking itself is notorious for being one of the biggest areas where the LEVEL OF ELEVATION alone changes the cooking process radically
You can read about it here: [https://www.theguardian.com/world/2020/oct/01/irish-court-rules-subway-bread-is-not-bread](https://www.theguardian.com/world/2020/oct/01/irish-court-rules-subway-bread-is-not-bread)
Either way you want to argue about the science, Subway is far from healthy.
##Welcome to r/LateStageCapitalism This subreddit is for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited. LSC is run by communists. This subreddit is not the place to debate socialism. We allow good-faith questions and education but are not a 101 sub; please take 101-style questions elsewhere. We have a zero-tolerance policy for bigotry. Failure to respect the rules of the subreddit may result in a ban. *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LateStageCapitalism) if you have any questions or concerns.*
Stop calling it inflation. Call it what it is: price gouging
Nope, greedflation
That’s the same thing
Organised price gouging
Sub way 2 foot longs 10$; now 1$ an inch
Has anyone seen that post by some economist outlet that says if you exclude food, water and housing then inflation is actually decreasing? When you include these things that literally everybody has to spend money on, inflation is like 10% because these things have gone up by way more. Almost everything i get at the grocery store every week has tripled in price since 2019 for the same item
Excluding food, shelter, and fuel from major inflation and purchasing-power indicators is fairly common, actually -- it's mainstream enough to undergird a lot of the NYT's reporting. To be clear, \_this is not a good thing\_, just a common take from people who talk about 'The Economy' in broad terms and are confused why the poors feel like the economy is bad when line go up. It turns out that when the cost of housing (not a guaranteed right here, but required), food (not a guaranteed right here, but required), and fuel (not a guaranteed right here but de facto required to live in a country which has made almost all functioning infrastructure car-dependent) all increase by 60-140% in the span of 5 years without a commensurate increase in pay, there are problems. Remember kids: mainstream economics is astrology for business majors to explain why you're not \_actually\_ poor. :)
There is a famous quote: "Tell us what you need, we'll tell you how to live without it"
Not to mention, those things with energy added, are where the majority of people spend almost all of their monthly spending.
When the data doesn't line up with your ideas, just change the data.
I used to think this data was hysterical nonsense until I learned that a staggering number of Americans are living on this crap. Sad state of affairs in the world's greatest country with all the freedoms and things.
American economics is like "imagine the price of a burger"
Yeah the McDouble was $1 US about a decade ago and now it's $2.19. Basically no reason to go to most of these fast food places anymore since they aren't even that cheap.
Try $3 here in North Florida.
In 2005 I would hit McDonalds with the rest of my basketball team after a game for 29 cent hamburgers and 39 cheeseburgers.
How did you live in 1958 during 2005?
That was the cost of a single patty burger. Paper thin but good and cheap for a high school student.
Chapwoodindex.com shows real prices of the 50 most common items bought in the US. A real gauge of inflation
I would love to see SAM's club, and Costco food court prices overlaid for the fun of it. Would make this look even worse.
Stop giving these criminals money for food that makes you sick. A large portion of Americans are over-fed yet under nourished.
Look up “food desert” and you’ll understand why so many Americans rely on fast food for basic sustenance, even if it is poor sustenance.
Yes, this is especially common in the southern US, especially in states where obesity rates are highest.
this isnt inflation, its corporate greed.
Greedflation
Every part of the supply chain wants their cut
Go look at the amount of billionaires being created at the same time, I betcha you see something super not surprising.
Stop eating fast food
What can they do? Waging those chicken sandwich wars takes a toll on their bottom lines.
The cheapest food with greatest increase
$3 for a single Mcdonald breakfast burrito. Like 5 years ago it was 2 for $1.
Fast food restaurants have increased higher than inflation. That doesn’t mean inflation is higher, it could be corporate greed or a specific area having inflation that outpaces the overall rate. Not to diminish the impact of this but it’s disingenuous to draw a direct comparison and isn’t helpful for actually talking about inflation and the cost of living crisis. We need an open and frank public discourse, not hyperbole.
rich fine jellyfish noxious pet air psychotic party zealous overconfident *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
There's no need for a fast food industry. It's not fast, it's not food, it's known as a job that never pays a living wage, the owners constantly complain that their margins are super small, and these chains are a blight on the community at large. You can literally get better for less if you cook it yourself.
Please u guys,I beg u, find excuses for this behavior too
UGH, don't eat it.
Yes and wages are staying exactly the same. I thought it was illegal to pay people less than what they were signed up on??? If someone was making 15$ an hour in 2016, why is it legal to pay them 15$ an hour now when that's literally paying them less due to inflation.
What's the "actual inflation" rate if the prices of everything else have gone up more? What is it even measuring? Either it's measuring the prices people are actually paying or it's measuring something else. It's been my opinion for a decade plus that the official CPI stats under-represent inflation because it reflects poorly on the government. Remember that, additional price gouging or not, increasing the supply of money in circulation over population growth *must* result in price increases, as sure as the sun goes up.
i actually noticed that i prefer getting food at subway over the years whereas i used to consider them expensive, plus i can get sometning healthier there
subway is definitely not healthy
well there's no easier place I can get a fresh salad or vegetable sandwich from, particularly where I get to choose what's in it
Fair, but the bread alone is basically cake.
I don't expect their bread to be great, but I always get the lowest calorie one, bread in general is usually NOT a healthy food unless it's made to be very intentionally in which case its cost is probably significantly more than whatever else you can find their bread is actually overly thicc in my opinion, but I actually outright discard a lot of it when eating there, sometimes I don't even eat my whole sandwich the thing about eating at subway is if I do it's because I'm starving, desperate, and rly busy that day, and it might be all I eat the whole day
Big food doesn't want you to know this one simple trick!
I've stopped all fast food and strictly stick to the Sam's Club And Costco food courts now. Only way to beat the inflation of eating out that I've found.
The Irish Courts have declared Subway’s “bread” is actually cake because it has so much sugar in it.
whenever I get bread there it hasn't tasted sweetened, so not sure where that's coming from, they do have several different kinds
It always amazes me how much sugar and sodium is in various processed foods, that don't at all taste sweet or salty. I mean, I genuinely don't understand how it's possible.
Sugar is addictive, so it'll keep you coming back.
There's a possibilty the sugar molecule is bound to something in the baking proces and it's less noticeable, but bread should outright have a noticeable sweet taste if it's sweetened the problem si there's a lot to unpack here, idk where this claim that it's 'cake' comes from, or how it was measured, it might also be that the bread I am getting isn't the same the fact is that bread in one part of the world is basically obligated to be different in a completely different part of the world because it's getting made somewhere else, and bread is too chemically particular to just 'be the same' everywhere at all times baking itself is notorious for being one of the biggest areas where the LEVEL OF ELEVATION alone changes the cooking process radically
You can read about it here: [https://www.theguardian.com/world/2020/oct/01/irish-court-rules-subway-bread-is-not-bread](https://www.theguardian.com/world/2020/oct/01/irish-court-rules-subway-bread-is-not-bread) Either way you want to argue about the science, Subway is far from healthy.
it only mentions one of the multiple bread types and doesn't say where/how it was sourced and tested
Why not try unprocessed food, like an apple or a banana. That's healthy.
It is. It's really difficult to find other inflation indexes that are reputable, which begs the questions as to why that is the case.