With the 8 million freeloading invaders Pedo Joe and his Dung Beetle Party have imported to into America to vote, it won’t be long before our shelves are as empty as those in Russia and other communist countries. Be prepared to do a lot of standing in lines. I doubt those Walmart employee shoppers are going to do it for you.
EVER since ...
Oh yeah !!! The good’ol days.
I remember when a $20 bill would get a 1/2 Gallon of Bacardi Dark Rum, Real Coca Cola to mix with it, a What-a-burger with Fries and Gas to get to and from Work the next week. And still have some pocket change to use a Pay Phone if needed. (for 10 cents)
Even “non-luxury” items are luxury items.
18 months ago, ....
- store brand graham crackers $0.99 / 14 oz box. Today, $2.19 / 14 oz box.
- Store brand coffee creamer $1.89 / 16 oz. Today, $2.99 / 16 oz.
And the real inflation rate = [what]? We all know the people keeping the official inflation rate have to lie about the real rate of inflation in the marketplace because the feral givernment would go bankrupt in less than 48 hours.
I read an article yesterday that the only number one can believe from the feral givernment is how much revenue it takes in. Consider everything else they say to be false. The ferals took in 4.4 trillion for 2023. Real revenue is dropping ... we are already in a real recession [since 2020] ......hence the need for 81,000 IRS agents... need for electronic currency to replace paper currency... the need to [unconstitutionally] take unrealized wealth....
Seen the price of smokes lately? Yeow. $8.50 at Circle K. Checkout babe said RI is $13. NY - $17. A PACK! Who can afford all that?
[[The bagels I’d but at Aldies went from $1.69 for 6 to $3.19 for 5. ]]
Classic shrinkflation. Charge more (way more), and provide less product.
A modest point of clarify, if I may.
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
The CPI, as published, STILL has the impact of food, energy, etc.
What is missing in the headlines, is that the CPI is often published as a CHANGE value. Thus, the headline last month that the CPI rose 40 basis points, ie 0.4%, simply speaks to price changes month-over-month.
That headline masks your point. To wit: the price of food at home in Sept 2023 rose 10 basis points/0.1%from the previous month. Ok…but… a pound of ground chuck since Bidet started living in the WH went from $4.31 to $5.19 in September 2023.
That 20% increase is massive. And it’s embedded in the baseline. But that elevated baseline is rarely discussed.
I shop at a grocery store that’s within walking distance of a Section 8 housing project. I’m sure a lot of petty shoplifting goes on at that store. But in the past two years I’ve seen only one instance of large-scale shoplifting.
Given how insane prices have become, I’m actually surprised that I’m not seeing more large-scale shoplifting. Give it time, I guess.
I would remind all that inflation is personal to each of us. Some affected more than others.
Average inflation doesn’t mean much.
Also, how inflation affects cash flow spending and investments are different.
Each of us has a personal inflation rate. If something is too high in price we find alternatives.
Prefer micro popcorn with lotsa butter....or corn chips with bean dip.
What was the minimum wage when Doritos were 99 cents? Wasn’t it like 4.25? Now it’s over 15 in most places. So you’re talking going from 1/4 of an hour at minimum wage to 1/3. Really, always a luxury item if you’re living at the bottom.
Naval oranges at less than a buck a pound is a pretty good price. Heck that’s cheaper than Doritos in your flashback, those were like 12 oz bags. And healthy. So there you go.
I know you’re half-kidding Laz - but you’re onto inflation. The behaviors which caused scarcity and devaluation of the dollar continues. Until those behaviors - spending, socialism, scuttling energy etc. - change it’ll only keep getting worse.
This ends somewhere between 70s style inflation (with 18% interest rates) and Venezuela.
I, personally, think we’ll soon be in in a much (much) worse place than the 70s. We have much stupider woke populace and corrupt, leftard leadership today.
War, poverty and starvation are certainly on the table.
I thought all the restaurants were to be Taco Bell...
/s
No time like the present to prep and/or learn to grow your own.
I remember when 25 cents bought a hamburger cooked by the owner and a coke.
I also remember when $1.00 would buy 4 of the famous James Coney Island hotdogs and a 12-ounce bottle of Hires Rootbeer at the original James Coney Island in downtown Houston, and who remembers the days when you could get a nice looking hooker in her hotel room for $6.00?