"Inflation is improving! Things are getting worse at a slower rate! That's the fact, Jack!"
Posted on 11/10/2022 5:53:28 AM PST by ChicagoConservative27
Brandon will come out and say inflation has fallen under his Presidency. Lapdog media will ignore the facts, as usual.
How often does this actually happen? Is the FED so scared to death because of the Great Depression and how they screwed that up that they do everything irrationally to avoid even the slightest deflation because they think it will be the end(gun shy) and promote a low percent of inflation?
probably.
See, that bad inflation they are having in Europe is not coming here! Our economy is too strong. /Off SARC
True that. If prices are up 50% in the past 2 years, and now are up only a hair from that, they're still way up above what they should be. People still have to live on a much tighter budget than they were living on with Trump.
I don’t see how they get this, every time I go to the store something raises more than I can afford. Items that used to be $1.25 last month are now $2.00.
That’s called sticky inflation. The St. Louis Fed publishes a monthly report on it. Here’s October’s report for September . November’s report isn’t out yet.
Me neither. Gas is up 70 cents/gal out here in the 'burbs, food prices went even HIGHER this past month too.
Walked into my local Meijer's to get some basics like milk, eggs, lunchmeat and bread.
The generic turkey lunchmeat was $12/lb!!! Turned around and walked out, came home with nothing. I'd rather starve. And I am. Fuck this, I want to die.
WOW! Biden is a miracle worker! Just ask him if you don’t believe me.
Good job Brandon. Except my food 9not included in the stat) is still going up at record paces.
Grocery store near me was advertising Best Choice bread on their sign, on sale for $1.79. Couple of years ago it was $0.99 regular price.
This year on year inflation thing is a farce anyway.
Now do three years! Ten years. Forty years. Now compare it to wages.
Deflation can be a cause for concern amongst economists because a fall in the prices of goods and services can sometimes result in a fall in home prices, stock prices, and even people's salaries as well. There have been several deflationary periods in U.S. history, including between 1815 and 1860, and again between 1865 to 1900. One of the most dramatic deflationary period in U.S. history took place between 1930 and 1933, during the Great Depression. Deflation rarely occurred in the second half of the 20th century. In fact, the dramatic and consistent price increases from 1950 to 2000 has been unparalleled since the founding of the country. The most recent example of deflation occurred in the 21st century, between 2008 and 2009, during the period in U.S. history referred to by economists as the Great Recession.I was born in 1951 and have not known it. The ‘08-‘09 recession mainly hit real estate; I don’t recall it rippling over to general prices. Government policies were the root cause of the real estate price collapse, of course.
That’s horseshit
I dunno. Market up 800 points- I’ll take it
The asses that come up with this BS need to be forced to fill up their own gas tanks and buy their own groceries.
Core inflation hasn’t lowered at all, and is the really hard part to reduce. You can’t politically manipulate core inflation like you can headline such as emptying the petroleum reserve.
Don’t forget that any inflation numbers involove the “base effect” comparing current inflation to an ever-increasing old number. Say inflation is up 10% one year and up 10% the next. The reports both say “inflation is 10%”, but you have to add the current 10 to the old. Inflation is actually up 20% above the oringal pre-inflation prices.
The longer inflation goes on, the higher the base effect. That 7.7% headline inflation means we are up 25% for the 3 year period, for example.
If it’s going down I hope and pray it will continue to go down. But I don’t believe it’s good enough to see a difference. It’s still high and our grocery bill is sky high. It needs to come way down to believe things are getting better.
Gas is still steadily going up, that’s the most prominent.
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