[Jonty30]

Until it starts to happen, then it will be something to worry about.

It’s better to worry about it, in its absence, and prepare for the possibility.

[stevem]

No doubt the thing keeping the lid on is that 1/6 un-underemployment. When that changes the lid will explode.

Anyone who thinks current inflation isn't a problem hasn't been to a grocery store recently.

[Iron Munro]

No inflation?

What country are they talking about.
It can’t be the USA.

Of course the government inflation data doesn’t show it - the measurements are structured and manipulated to do just that.

They are just about as distorted and untruthful as the government employment/unemployment figures.

But one trip around the supermarket tells the true story.

[volunbeer]

My wages are the same, but the cost of most necessities like food and fuel are going up.

In that sense, if my wages were inflated I would be better off - my purchasing power has declined in this administration. It will be worse if wages stay the same and commodity prices continue to rise.

[Secret Agent Man]

not a crisis they can exploit yet.

[samadams2000]

My California inflation index-

Gas- $4.10
Mayonnaise- $5
Milk $5.99 Gallon
Bread $4 a loaf
New Lighbulbs $5 each
Toilet paper- $18
Paper towels $15 for 12
Lunch Sandwich/Drink $12
Electricity Bill- Up 33%
.22LR ammo-.20cents a round up from .05

[arthurus]

Wages are the last price to rise in an inflation. We haven't got to "last" yet. Average prices are rising at somewhere between 6% and 10%. That is somewhat masked at first by substitution of cheaper products for the customary purchases and delaying large expenditures and such. It is officially masked by periodic tinkering with the CPI, the official measure of inflation to remove the items that are rising the fastest and add in those items that might actually be stagnant (due, in part, to substitution and abjuration)or even falling in price- there are such things in an inflation as some goods go out of favor and thus fall in price because people see that they can actually do without them and concentrate their buying on other more necessary things.

[Neidermeyer]

Always do the opposite of whatever Blackrock or GS say to do.. they’re not your friends.

[Some Fat Guy in L.A.]

convincing evidence of inflation has yet to appear in the economic data

What? This person is either educated way beyond his intelligence or is frantically trying to cover the facts like a cat in the litter box. A simple trip to the grocery store provides all the evidence anyone should need to see - everything we buy has gone up dramatically in the past year and continues to rise. We are now resigned to $3.00 + gas and it continues to go up despite some short term drops to keep the frog in the pot. These two things impact us normal folks a whole lot more than whatever is in the "economic data".