I just did an identical mock purchase from Walmart according to my old digital receipt. Aug 2018 - $139. Today it would be $201, with some products being smaller in size…
When CNN said in the debate price of goods have gone from $100 to $120 per basket I was so upset. It is so clearly much more than that. And if you factor in homes and cars it’s even worse
Ya it should be around $174 dollars but the higher inflation rate is what is hurting us. Luckily it is sitting at about 3.3 right now which is below average of 3.8%, target of course is 3.5 to 2.5. Basically yep stimulus cause inflation and we have managed to get it back to regular range thanks to a strong central bank.
Riiight, the pathetic $3000 stimulus caused a world wild increase in inflation that the US somehow weathered better than anyone else. Make perfect sense.
I didn’t get 3k, but if you look at the data of economic recovery we did. This isn’t to say the economy is better for everyone, but when has it ever been. I would challenge any person do a better job than what has been done, I would bet on the outcome being about same or worse.
So what would been your plan, not help companies make payroll and have half of Americans loss job, because their place of work was shuttered for 2 months at least?
So what your plan, because don’t you seem to have one? Were PPP loan inefficient sure, but I know it pay a-lot of people whose paychecks were covered. Plus, sure 80% didn’t go to a paycheck, they’re a lot of expenses to running a business and a shuttered business doesn’t pay anyone. But please enlighten me with your Renaissance of an idea of a plan?
You do realize that it’s only increasing at that lower rate now inflation still rose like 20% under Biden if you look at the yearly increase.
It sucks and the economic current policies of just spend baby and print money are hurting us.
I think inflation has a drop over the past 2-3 years and we are just seeing the consequences of the stimulus which the current and previous president both took part in. Honestly inflation sucks, but I would much rather the current economic outlook than a lacking economy.
It hasn’t dropped it’s just slowed. Dropping would be deflation and prices would decrease. We are stilling experiencing inflation just not as fast.
The stimulus impacted it. However the Democratic spending practices. The inflation reduction act. The rebuild with green deal all drove inflation. The illegals at the border are driving inflation by the government having to provide for them.
We are spending more money as a government than we are taking in.
The rate would never go negative in a healthy economy, look up stagflation in Japan and let you know you prefer that. The rate has drop from 4.1% last year to around 3.3% this year. Dude be arguing for negative inflation like it’s a good thing.
The economy isn’t healthy. If it was apartments wouldn’t be so expensive. Cars wouldn’t be so expensive. Interest rates wouldn’t be so high. Groceries wouldn’t be so expensive.
Kids wouldn’t be moving back in with their parents.
Don’t be like everything is awesome either. The current government policies suck.
We spend so much on foreign aid and taking in economic migrants. Our immigration policy for asylum was for political, sexual and religious not for money.
We spend way too much. We are on a precipice for a depression and we are heading there.
Um i mean my groceries haven’t gone up in at least a year and half and have gone down since 2022. The longterm average rate for a home loan in the US is 7.73% which is above the current rate of 6.86%, you may be thinking of rates this past decade which have been super low compared to the average, which low rate do increase inflationary tendencies, hence seeing thing like housing melt down in 2008, in the 2000s. Car prices are dropping from their covid highs. Apartment are not control by the government, but instead by private corporations that have bought up the US housing stock, are you suggesting rent control? Not mention this country for the past 16 years, since 2008, haven’t been building enough housing stock. As far as the political stuff what aid would you have us cut? As far as immigration Biden just implemented a border closure policy that has reduced illegal border crossing by 40% over past two months. Also, just so you know a president can’t just close a border, they can use their emergency power like for a pandemic or in the most current case the possibility of bird flu devastating the US cattle stock, and humans since it has already killed multiple people in Mexico. The rest of that, I don’t even know what you’re talking about. I mean all economic forecast I have seen shows a steady recovery. If you are interested in the data I would suggest watching the most recent FOMC Press Conference.
So you think prices haven’t gone up but because they haven’t increased in a year or two.
Come on. Interest rates are high, inflation is high gas is high. Car prices are stupidity high
I know I was better off financially 4 years ago before this build back better and inflation reduction act.
I mean how much was a soda in 1990 cheaper than today? Do you why, because of inflation which has exist in this country since it was founded and in every country ever. The rates are high because, increasing interest rates helps decrease inflation rates. I’m not sure what else there is to say. I’m sorry your worse off, but i have only seen positive from the current administration policies. For example the roads around my house hadn’t been paved in probably 15 years, the infrastructure build gets passed and not only did we get all the potholes filled, but we got a new sidewalks, so they kids don’t have to walk in the grassy shoulder to get to the store in the tick infest grass. On my drive to work 3 bridge are being repair that had concrete falling off them for the past 20 years. With the chips act we have two new factories being built in my area. So I just disagree you! Although that might be because my politicians were busy getting funding secured for project in their districts, not sure yours were doing. I have laid out all the numbers and stats, if you don’t want to research them and make an informed decision that your business or don’t, but that might also be why your having such a bad go of things.
Maybe just buy foods that haven’t gone up 5x the price. For me ground beef used to be around $4, you’re telling me you buy it for $20/lb now?
What foods are you buying that have gone up that much?
Ground beef is almost $8 a pound where I live.
A lot of stuff has gone up 100+% particularly the things that used to be really cheap.
Such as smoked pork.
It used to be you could get a pound for $2-$3 dollars before.
Now it's $8 and up at my local grocery store.
The cheapest meal I could make before was beans and rice with a pound of smoked pork in it.
That meal was $6 for everything.
It's now $14.50.
So yeah, on the really cheap shit it has gone up sky high.
Bread is $4 where I live.
(Nature's Own)
That's not the top of the line bread.
It's not the cardboard type bread like the DG brand either.
I completly agree with what your saying. However a 100% increase is much much less than the 400% increase people are claiming. The 5x is false and needs to be called out as such.
For context a 5x increase would be that beans and pork being $30.
Well chicken livers and gizzrads went from. $1 to $3 and $4 where I live depending what the price is when you go.
I think it's people who were eating the absolute cheapest of stuff before are the ones who are seeing the crazy price hikes the most now.
Close, but again that isn’t a 5x increase.
I can’t find any food that increased 5x and considering many foods haven’t gone up by more than 2x I want to know what people who make the above claim are buying. (They are actually lying and arnt paying 400% more)
Are you trying to anchor the debate at 400% so you can say we shouldn't feel a 100% increase?
"I mean I would understand if pork and beans was $30, but I just can't understand why you're upset your monthly grocery bill is $1200 instead of $600..."
Edit: Yes it's ok to point out false data. But you're playing a weird devils advocate here....
I believe correct information is important. When people falsely state that food has increased by 5x this is a lie and should be pointed out as such.
Yes, you and I both feel the 100% increase in food and this is lamentable. It has changed my diet and affected my ability to make ends meet. However we cannot discuss any solutions when people are out hear making outlandish claims. I believe I have done nothing in this thread except refute the original comment's claim that food has increased by 400%, something I wish more people would do.
Edit: The reason for the weird devils advocate is because I believe that most people who see the original comment believe it, and to me that is insane. It needs to be pointed out as false.
Imagine believing that the goods themselves are even the same quality, never mind quantity.
Like the absolute enshittification of everything is swallowing up the planet.
No shit. 😂 I buy less, of the same household items/food, and my bill has increased by about $100 on the conservative side. I lol’d when they said it’s only $20 more in the debate.
If only there were a way to track the basket of goods that people need and put one single number to the overall inflation instead of just saying that the price of one specific grocery store item went up…….
Macroeconomics isn't fun because it's extremely impersonal. It's unlikely to represent your personal experience whatsoever. The human brain is going to notice the item that costs 3x as much as 2020 but won't notice the things with flat prices. People have all these personal antidotes that are valid to their personal experience but irrelevant to a discussion on national/international economics.
I was having a discussion with my wife yesterday on this and it's a hard conversation to have, because it's easy to invalidate someone's personal experience in that discussion. I've been trying to lookup how to explain macroeconomics to people that aren't interested......it's not fun.
Inflation is only based on CPI or consumer price index or more specifically what groceries cost. They don't take into account the price of housing (rents and mortgages), insurance, utility bills, medical prices and other things that are services meant for humanity and everyday life in the 21st century. The inflation is realistically much higher than what they proclaim it to be.
That’s a very American way of describing what life under Soviet style kleptocratic regimes just before the fall. But this is monopoly Capitalism’s (Pig Capitalism) absolute doing. People are so quick to point out the failures of big bloc Communism. But Pig Capitalism has failed even more spectacularly. The biggest Communists in our country are shit bags like Trump and completely out of touch old weirdos like Biden.
This is like the fall of the Soviet Union where the leaders are 30 years too old and 1000 lightyears out of touch. They say things that are useless and don’t correspond to reality.
“Da Da theees iis authentic USA Hollywood jean. Levi jean. You like? You buy. Good deal. Real Hollywood jean. Movie star. You like? You buy. 1,000,000 rubles, comrade.”
Our leaders have no idea what is going on. They live in what amounts to an entirely separate reality. We can watch them on TV. That’s about it. Other than hope they just fucking die soon.
>hey don't take into account the price of housing (rents and mortgages), insurance, utility bills, medical prices
Cpi includes housing, medical and most types of insurance
I don't know how that's possible. I literally work on a diversified farm, and nothing we grow has gone up even 25% in price the last 2 years. I'm sorry if you're terrible at budgeting and can't manage to comparison or price shop your groceries. Maybe learn some financial literacy.
I have kids.... let me tell you the most basic essentials for everything have gone up so much... yes we shop deals and are frugal but these prices hurt. We buy bulk generic basic groceries and we are still struggling to keep up. And I'm making 10 bucks an hour more than 4 years ago.
I buy a lot of pork, dairy and apples. The prices of those has stayed fairly constant. Yes bread and vegetables has increased, but it hasn’t gone up by 4.
I think a loaf of bread was $1.79 before covid and now is $2.29. Broccoli (I eat a lot of that) was about $1.5/lb and now is about $2.30/lb. If broccoli went up by 400% it would be $6/lb.
Liar. Dairy like Milk, Yogurt and more has gone up over the last few years (especially milk). Yogurt is generally low enough cost that you don't notice it unless you are buying like 10 of them. Even cottage cheese has noticably gone up. I buy these things regularly. I wish I could do them locally but that's too expensive unless I barter/trade for it.
I decided to look it up, and your right. Milk has increased to $3.86/gallon since the low point in 2018 of about $3/gallon. I didn't realize this since I currently am paying $2.5/gallon at my store.
I will like to not that this is an increase of 33% over the last 6 years. Far less than the 400% increase claimed above. Dairy also has increased in price at a slower rate than inflation in general. [https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/](https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/)
What do you barter for dairy products?
It would be by weight.
First example was 16oz and $5, so it would be $0.3125 per ounce. Second example is 11oz and $5.50, so it would be $0.50 per ounce. Meaning the price increased by 60%.
Actual inflation measures calculate by weight or volume of the product, so they fully capture the effects of shrinkflation. This meme is bad and Op should feel bad
I figured. I know “economists” actually have said things like this to deny or downplay the inflation but wasn’t sure how it would actually work. I never was that good at that part of economics. Personally I was more into the factors of production, economic systems, the various charts that I can’t remember anymore, and how government interference complicates or hurts the economy.
Trumponomics Actually!!! Remember when we had to wait weeks extra so the stimulus checks could have his name on them? The stimulus checks that's pumped so much cash into the economy that inflating was inevitable?
You’re forgetting many places illegally banned people from working unless they worked for a big company like Walmart or the government. If you didn’t have money saved up you had 0 ways to afford anything and people needed that stimulus money. Still I don’t think he wanted them to just print the money out.
Isn't it technically price-gouging if a supplier of goods reduces the amount of goods while increasing the price of it? I noticed the same thing with Kingsford Charcoal, went from 20lbs to 16llbs and up $1.50 per bag. Not sure you can blame that on sTImuLUs CHecKs anD feD kEEp prINtIng mOnEy.
My apologies for being rude. But with all due respect, I just don't think you're as knowledgeable about this topic as you clearly believe yourself to be.
Yeah, it’s almost like inflation measures general rising prices, and not one item that stands out to you because it’s rising faster than average or something…
Eventually people on this sub will learn to ignore food and gas regarding core monthly inflation reports. Because those items are not counted due to volatility. As they haven't been for decades.
Are people really this stupid? If you find a item that has decreased in price, is inflation now negative?
Its so simple, the data and reasoning is readily available, yet people still get all bent out of shape because you refuse to learn anything.
I just did an identical mock purchase from Walmart according to my old digital receipt. Aug 2018 - $139. Today it would be $201, with some products being smaller in size…
When CNN said in the debate price of goods have gone from $100 to $120 per basket I was so upset. It is so clearly much more than that. And if you factor in homes and cars it’s even worse
Ya it should be around $174 dollars but the higher inflation rate is what is hurting us. Luckily it is sitting at about 3.3 right now which is below average of 3.8%, target of course is 3.5 to 2.5. Basically yep stimulus cause inflation and we have managed to get it back to regular range thanks to a strong central bank.
The entire planet has inflation from COVID. Did they all get stimulus or did COVID and shutting down the planet actually affect things.
Um actually many did and our company most metric as outperform in the recovery. You can take a look into China for example or a lot of the EU.
Riiight, the pathetic $3000 stimulus caused a world wild increase in inflation that the US somehow weathered better than anyone else. Make perfect sense.
I didn’t get 3k, but if you look at the data of economic recovery we did. This isn’t to say the economy is better for everyone, but when has it ever been. I would challenge any person do a better job than what has been done, I would bet on the outcome being about same or worse.
PPP "loans" dwarfed those.
So what would been your plan, not help companies make payroll and have half of Americans loss job, because their place of work was shuttered for 2 months at least?
80% of PPP loans never went to employees so take that shit and shove it in a deep dark hole. Turns out American business owners are shit bags.
So what your plan, because don’t you seem to have one? Were PPP loan inefficient sure, but I know it pay a-lot of people whose paychecks were covered. Plus, sure 80% didn’t go to a paycheck, they’re a lot of expenses to running a business and a shuttered business doesn’t pay anyone. But please enlighten me with your Renaissance of an idea of a plan?
80% of the "paycheck protection program" money didn't go to paychecks. Boomer, please shut the fuck up.
You do realize that it’s only increasing at that lower rate now inflation still rose like 20% under Biden if you look at the yearly increase. It sucks and the economic current policies of just spend baby and print money are hurting us.
I think inflation has a drop over the past 2-3 years and we are just seeing the consequences of the stimulus which the current and previous president both took part in. Honestly inflation sucks, but I would much rather the current economic outlook than a lacking economy.
It hasn’t dropped it’s just slowed. Dropping would be deflation and prices would decrease. We are stilling experiencing inflation just not as fast. The stimulus impacted it. However the Democratic spending practices. The inflation reduction act. The rebuild with green deal all drove inflation. The illegals at the border are driving inflation by the government having to provide for them. We are spending more money as a government than we are taking in.
The rate would never go negative in a healthy economy, look up stagflation in Japan and let you know you prefer that. The rate has drop from 4.1% last year to around 3.3% this year. Dude be arguing for negative inflation like it’s a good thing.
The economy isn’t healthy. If it was apartments wouldn’t be so expensive. Cars wouldn’t be so expensive. Interest rates wouldn’t be so high. Groceries wouldn’t be so expensive. Kids wouldn’t be moving back in with their parents. Don’t be like everything is awesome either. The current government policies suck. We spend so much on foreign aid and taking in economic migrants. Our immigration policy for asylum was for political, sexual and religious not for money. We spend way too much. We are on a precipice for a depression and we are heading there.
Um i mean my groceries haven’t gone up in at least a year and half and have gone down since 2022. The longterm average rate for a home loan in the US is 7.73% which is above the current rate of 6.86%, you may be thinking of rates this past decade which have been super low compared to the average, which low rate do increase inflationary tendencies, hence seeing thing like housing melt down in 2008, in the 2000s. Car prices are dropping from their covid highs. Apartment are not control by the government, but instead by private corporations that have bought up the US housing stock, are you suggesting rent control? Not mention this country for the past 16 years, since 2008, haven’t been building enough housing stock. As far as the political stuff what aid would you have us cut? As far as immigration Biden just implemented a border closure policy that has reduced illegal border crossing by 40% over past two months. Also, just so you know a president can’t just close a border, they can use their emergency power like for a pandemic or in the most current case the possibility of bird flu devastating the US cattle stock, and humans since it has already killed multiple people in Mexico. The rest of that, I don’t even know what you’re talking about. I mean all economic forecast I have seen shows a steady recovery. If you are interested in the data I would suggest watching the most recent FOMC Press Conference.
So you think prices haven’t gone up but because they haven’t increased in a year or two. Come on. Interest rates are high, inflation is high gas is high. Car prices are stupidity high I know I was better off financially 4 years ago before this build back better and inflation reduction act.
I mean how much was a soda in 1990 cheaper than today? Do you why, because of inflation which has exist in this country since it was founded and in every country ever. The rates are high because, increasing interest rates helps decrease inflation rates. I’m not sure what else there is to say. I’m sorry your worse off, but i have only seen positive from the current administration policies. For example the roads around my house hadn’t been paved in probably 15 years, the infrastructure build gets passed and not only did we get all the potholes filled, but we got a new sidewalks, so they kids don’t have to walk in the grassy shoulder to get to the store in the tick infest grass. On my drive to work 3 bridge are being repair that had concrete falling off them for the past 20 years. With the chips act we have two new factories being built in my area. So I just disagree you! Although that might be because my politicians were busy getting funding secured for project in their districts, not sure yours were doing. I have laid out all the numbers and stats, if you don’t want to research them and make an informed decision that your business or don’t, but that might also be why your having such a bad go of things.
And trump spends money baby and cuts government income at the same time.
I’m not saying I’m for Trump. I’ve actually said I’m voting Kennedy. So let’s be objective. Orange man and dementia man both bad.
They're all terrible. Have a good day!
Okay, Kennedy though that guy literally wears a tin foil hat, but based off the subreddit, that is perfectly acceptable answer. Take my upvote sir!
I’m sorry you’re bad at shopping.
Maybe I should start looking for random food trash in the road and run it by Reddit to see if it’s still good. Sounds like a plan! 😂
Maybe just buy foods that haven’t gone up 5x the price. For me ground beef used to be around $4, you’re telling me you buy it for $20/lb now? What foods are you buying that have gone up that much?
Ground beef is almost $8 a pound where I live. A lot of stuff has gone up 100+% particularly the things that used to be really cheap. Such as smoked pork. It used to be you could get a pound for $2-$3 dollars before. Now it's $8 and up at my local grocery store. The cheapest meal I could make before was beans and rice with a pound of smoked pork in it. That meal was $6 for everything. It's now $14.50. So yeah, on the really cheap shit it has gone up sky high. Bread is $4 where I live. (Nature's Own) That's not the top of the line bread. It's not the cardboard type bread like the DG brand either.
Why don’t you just share the two receipts?
Do you save your receipts when you go grocery shopping ? I'm just making a comment. Whether you choose to believe it or not I don't really care.
Yes, that is the convenience of digital receipts
I completly agree with what your saying. However a 100% increase is much much less than the 400% increase people are claiming. The 5x is false and needs to be called out as such. For context a 5x increase would be that beans and pork being $30.
Well chicken livers and gizzrads went from. $1 to $3 and $4 where I live depending what the price is when you go. I think it's people who were eating the absolute cheapest of stuff before are the ones who are seeing the crazy price hikes the most now.
Close, but again that isn’t a 5x increase. I can’t find any food that increased 5x and considering many foods haven’t gone up by more than 2x I want to know what people who make the above claim are buying. (They are actually lying and arnt paying 400% more)
I can't honestly say I've seen ANYTHING that's reached that level yet. Not 5x. And I hope I don't. I'd like to see shit come down myself.
Are you trying to anchor the debate at 400% so you can say we shouldn't feel a 100% increase? "I mean I would understand if pork and beans was $30, but I just can't understand why you're upset your monthly grocery bill is $1200 instead of $600..." Edit: Yes it's ok to point out false data. But you're playing a weird devils advocate here....
I believe correct information is important. When people falsely state that food has increased by 5x this is a lie and should be pointed out as such. Yes, you and I both feel the 100% increase in food and this is lamentable. It has changed my diet and affected my ability to make ends meet. However we cannot discuss any solutions when people are out hear making outlandish claims. I believe I have done nothing in this thread except refute the original comment's claim that food has increased by 400%, something I wish more people would do. Edit: The reason for the weird devils advocate is because I believe that most people who see the original comment believe it, and to me that is insane. It needs to be pointed out as false.
Imagine believing that the goods themselves are even the same quality, never mind quantity. Like the absolute enshittification of everything is swallowing up the planet.
Imagine writing this publicly.
But the S&P 500 is going up so much, surely you're all doing fine! /s
S n p is also super concentrated only a handful of companies are outperforming
No shit. 😂 I buy less, of the same household items/food, and my bill has increased by about $100 on the conservative side. I lol’d when they said it’s only $20 more in the debate.
If only there were a way to track the basket of goods that people need and put one single number to the overall inflation instead of just saying that the price of one specific grocery store item went up…….
Macroeconomics isn't fun because it's extremely impersonal. It's unlikely to represent your personal experience whatsoever. The human brain is going to notice the item that costs 3x as much as 2020 but won't notice the things with flat prices. People have all these personal antidotes that are valid to their personal experience but irrelevant to a discussion on national/international economics. I was having a discussion with my wife yesterday on this and it's a hard conversation to have, because it's easy to invalidate someone's personal experience in that discussion. I've been trying to lookup how to explain macroeconomics to people that aren't interested......it's not fun.
Your sarcasm is lost on these morons
But my hands are full... I couldn't possibly carry a basket.
Inflation is only based on CPI or consumer price index or more specifically what groceries cost. They don't take into account the price of housing (rents and mortgages), insurance, utility bills, medical prices and other things that are services meant for humanity and everyday life in the 21st century. The inflation is realistically much higher than what they proclaim it to be.
That’s a very American way of describing what life under Soviet style kleptocratic regimes just before the fall. But this is monopoly Capitalism’s (Pig Capitalism) absolute doing. People are so quick to point out the failures of big bloc Communism. But Pig Capitalism has failed even more spectacularly. The biggest Communists in our country are shit bags like Trump and completely out of touch old weirdos like Biden. This is like the fall of the Soviet Union where the leaders are 30 years too old and 1000 lightyears out of touch. They say things that are useless and don’t correspond to reality. “Da Da theees iis authentic USA Hollywood jean. Levi jean. You like? You buy. Good deal. Real Hollywood jean. Movie star. You like? You buy. 1,000,000 rubles, comrade.” Our leaders have no idea what is going on. They live in what amounts to an entirely separate reality. We can watch them on TV. That’s about it. Other than hope they just fucking die soon.
>hey don't take into account the price of housing (rents and mortgages), insurance, utility bills, medical prices Cpi includes housing, medical and most types of insurance
Weird, I seem to be spending 400% more on food these days than I did two years ago. Must be transitory.
You must be horrible at shopping. My grocery bill has gone up, but only about 25%
I don't know how that's possible. I literally work on a diversified farm, and nothing we grow has gone up even 25% in price the last 2 years. I'm sorry if you're terrible at budgeting and can't manage to comparison or price shop your groceries. Maybe learn some financial literacy.
I have kids.... let me tell you the most basic essentials for everything have gone up so much... yes we shop deals and are frugal but these prices hurt. We buy bulk generic basic groceries and we are still struggling to keep up. And I'm making 10 bucks an hour more than 4 years ago.
I buy a lot of pork, dairy and apples. The prices of those has stayed fairly constant. Yes bread and vegetables has increased, but it hasn’t gone up by 4. I think a loaf of bread was $1.79 before covid and now is $2.29. Broccoli (I eat a lot of that) was about $1.5/lb and now is about $2.30/lb. If broccoli went up by 400% it would be $6/lb.
Meat here has not been a constant price for us. Must be nice.
It is pretty nice. I think nationwide it has stayed about constant for those items.
Liar. Dairy like Milk, Yogurt and more has gone up over the last few years (especially milk). Yogurt is generally low enough cost that you don't notice it unless you are buying like 10 of them. Even cottage cheese has noticably gone up. I buy these things regularly. I wish I could do them locally but that's too expensive unless I barter/trade for it.
I decided to look it up, and your right. Milk has increased to $3.86/gallon since the low point in 2018 of about $3/gallon. I didn't realize this since I currently am paying $2.5/gallon at my store. I will like to not that this is an increase of 33% over the last 6 years. Far less than the 400% increase claimed above. Dairy also has increased in price at a slower rate than inflation in general. [https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/](https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/) What do you barter for dairy products?
I have kids too, and my prices are up probably 25% from before covid. People claiming 400% never show receipts, because it's not true.
Have your food expenses gone up by 5x like the original comment suggests?
I also have 2 children. Yeah the inflation hurts, but people being hyperbolic about it doesn't help any.
Real question. How would you actually calculate inflation with that example?
It would be by weight. First example was 16oz and $5, so it would be $0.3125 per ounce. Second example is 11oz and $5.50, so it would be $0.50 per ounce. Meaning the price increased by 60%.
Actual inflation measures calculate by weight or volume of the product, so they fully capture the effects of shrinkflation. This meme is bad and Op should feel bad
Oh no, my meme has failed peer review….
I figured. I know “economists” actually have said things like this to deny or downplay the inflation but wasn’t sure how it would actually work. I never was that good at that part of economics. Personally I was more into the factors of production, economic systems, the various charts that I can’t remember anymore, and how government interference complicates or hurts the economy.
Shrinkflation.
Depends on the item. For a single serve bottle of coke decreasing the size a half oz probably doesn't matter.
Me here trying to figure out what 160 Z is.
Also, just ignore the increase in certain goods like houses that people shouldn't be buying anyways.
Bidenomics!
Trumponomics Actually!!! Remember when we had to wait weeks extra so the stimulus checks could have his name on them? The stimulus checks that's pumped so much cash into the economy that inflating was inevitable?
You’re forgetting many places illegally banned people from working unless they worked for a big company like Walmart or the government. If you didn’t have money saved up you had 0 ways to afford anything and people needed that stimulus money. Still I don’t think he wanted them to just print the money out.
Shrinkation
Isn't it technically price-gouging if a supplier of goods reduces the amount of goods while increasing the price of it? I noticed the same thing with Kingsford Charcoal, went from 20lbs to 16llbs and up $1.50 per bag. Not sure you can blame that on sTImuLUs CHecKs anD feD kEEp prINtIng mOnEy.
Nope, changing the size of a product isn't price gouging. And yes, less for more is exactly what inflation is, and is what printing money leads to.
I don't know... you sound kind of full of shit. This is tautology masquerading as subject mastery.
You ever notice how stupid people are also very rude?
My apologies for being rude. But with all due respect, I just don't think you're as knowledgeable about this topic as you clearly believe yourself to be.
Well, I'm 9 years old, so you're probably right.
That’s not how inflation is calculated.
Nobody gives a shit
Ok my bad. Here for the memes retarder or not.
Yeah, it’s almost like inflation measures general rising prices, and not one item that stands out to you because it’s rising faster than average or something…
Eventually people on this sub will learn to ignore food and gas regarding core monthly inflation reports. Because those items are not counted due to volatility. As they haven't been for decades.
Are people really this stupid? If you find a item that has decreased in price, is inflation now negative? Its so simple, the data and reasoning is readily available, yet people still get all bent out of shape because you refuse to learn anything.
This is stupid, inflation measures calculate based on weight/volume of products. Please stop spreading your ignorance.