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Started By
Message
re: How can inflation only be 7%?
Posted on 4/3/22 at 4:49 pm to RTRinTampa
Posted on 4/3/22 at 4:49 pm to RTRinTampa
While everyone is tossing around double digit inflation numbers remember the Fed target is 2% inflation. What grade do you give Mr Powell?
1
Posted on 4/3/22 at 4:53 pm to Landmass
I picked one thing in the store to keep track of about a year ago. That one thing is Jimmy Dean sausage I frequently buy. I think its around one pound per item. The price has gone from $2.00 ea to $4.00 at Walmart. So that's an 100% increase.
Posted on 4/3/22 at 4:58 pm to Landmass
They can lie and deceive until their heads explode but consumer prices are the one area where the voting public knows when they are being lied to.
Posted on 4/3/22 at 5:03 pm to udtiger
Lies
Damned lies
Statistics
Government statistics
FIFY
Damned lies
Statistics
Government statistics
FIFY
Posted on 4/3/22 at 5:16 pm to Landmass
This inflation is 30-40% Just look at prices.
That doesn’t even touch the loss of purchasing power of peoples retirement accounts.
That doesn’t even touch the loss of purchasing power of peoples retirement accounts.
Posted on 4/3/22 at 5:25 pm to 1BIGTigerFan
quote:That may be true but with distrust about pretty much everyone, the consumer knows exactly what the real number is.
Biden controls the numbers. It's much higher!
Posted on 4/3/22 at 5:37 pm to Landmass
It is 7%….,but you’re getting 20% less as well.
The size of Girl Scout cookie boxes these days makes me sad
The size of Girl Scout cookie boxes these days makes me sad
Posted on 4/3/22 at 5:47 pm to Landmass
Who is doing the calculations? That's your answer.
Posted on 4/3/22 at 5:55 pm to hogcard1964
quote:
It's not It's realistically up near 15%.
This. It’s 7% adjusted.
Posted on 4/3/22 at 7:20 pm to WildManGoose
quote:
You know, the actual things that people spend money on every single day.
I heard it described in this way "Well certain grocery items and fuel costs are very volatile and not a stable measure of inflation". Huh, isnt that what inflation is supposed to be measured on????????
Posted on 4/3/22 at 7:27 pm to UncleFestersLegs
If we use the measures used in 1990 its about 12% if we use the measures for the CPI prior to 1980 its now over 15%.
Posted on 4/3/22 at 7:30 pm to Landmass
7 percent compounded daily can grow fast
That's what (D)ey say anyway
That's what (D)ey say anyway
This post was edited on 4/3/22 at 7:34 pm
Posted on 4/3/22 at 7:39 pm to llfshoals
quote:
It is 7%….,but you’re getting 20% less as well.
The size of Girl Scout cookie boxes these days makes me sad
I heard a newcaster chastising his counterparts when they were complaining about prices he said his cereal is the same price...but he needs bookends to keep the boxes from falling over.
Posted on 4/3/22 at 7:42 pm to WildManGoose
(no message)
This post was edited on 4/3/22 at 8:37 pm
Posted on 4/3/22 at 7:57 pm to Landmass
I’m at the final four with a couple of banking industry guys. Not high up types, but long time bankers. They said their bank leadership sent a letter out that actual inflation will be 25% this year.
Posted on 4/3/22 at 8:00 pm to Landmass
quote:
How can inflation only be 7%?
How can biden be President? The answer to both is- lies.
Posted on 4/3/22 at 9:11 pm to Chief One Word
quote:
picked one thing in the store to keep track of about a year ago. That one thing is Jimmy Dean sausage I frequently buy. I think its around one pound per item. The price has gone from $2.00 ea to $4.00 at Walmart. So that's an 100% increase.
Yep. Jimmy Dean sausage is something we used to buy every week as I eat eggs and sausage for breakfast almost daily. Not any more. I've cut that out and instead fry up a couple of slices of ham with my eggs. Cheaper. Sausage has doubled in price as have many things.
Grocery store prices are getting out of control.
Posted on 4/3/22 at 9:12 pm to Landmass
It's a composite calculation taken on the sum of all goods sold. Not everything has taken off in price.
Posted on 4/3/22 at 9:19 pm to Landmass
Speaking of services, my barber went from 25 pre Covid to 30 to last time I went 35. I like the guy but I’m going to have to shop around.
We had a couple ladies clean our apartment and it cost 250 for a 2 hour job. I’m gonna get better at dusting myself
We had a couple ladies clean our apartment and it cost 250 for a 2 hour job. I’m gonna get better at dusting myself
Posted on 4/3/22 at 10:30 pm to Landmass
Even dollar tree is up 25%.
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