Posted on 06/12/2023 6:27:37 AM PDT by Kaiser8408a
Tomorrow is the Federal government’s inflation report. As it stands today, overall inflation is slowing as M2 Money growth crashed. Core inflation remains persisitently high (white line), rent is still getting worse (orange dotted line at 8.1% YoY. What about food? Online food prices are up 8.2% YoY.
Shopping online is a good place to find cheaper computers and appliances, but grocery prices are still rising at a fast clip.
Prices of consumer goods sold online fell 2.3% in May in the US, the ninth consecutive month of declines and the biggest drop since the pandemic started, according to data from Adobe Inc. That was mainly due to steep decreases in discretionary categories.
Essential items like food, pet products and personal care, however, are seeing persistent inflation. Online grocery prices increased 8.2% from last year — although the pace of inflation has been abating since peaking at 14.3% last September.
Americans have been shifting more of their discretionary purchases to services over the past year, cutting spending on items for the home.
Online prices for appliances were down 7.9% in May from last year, the largest drop in digital-prices data from Adobe going back to 2014. Online prices for computers slumped 16.5% and electronics were down 12%.
The Adobe Digital Price Index was developed with the help of Austan Goolsbee before he became president of the Federal Reserve Bank of Chicago this year. The gauge analyzes one trillion visits to retail sites and more than 100 million items to track price changes.
Yes, Biden and Congress have levied a devastating tax on Americans. Rent and food are two of the largest household expenditures and they are up 8.1-8.,2% YoY.
(Excerpt) Read more at confoundedinterest.net ...
SS....They’re telling us 2-3% COLA or maybe nothing...we got nothing when Obama was in power.
Indeed no leadership skills in action who didn’t see that coming.
I am retired, and I visit two major grocery stores each day on my evening walk.
I buy almost everything on sale or clearance.
There are now fewer sales than before Covid, and sale prices have increased almost 100%!
I have been thinking about eating dinner at my local senior center, but I am almost certain they will require proof of Covid vaccination, which I do not have, because I never got it.
DIGITAL COUPONS, SELF-CHECKOUTS only use CREDIT CARDS, YOU SHOP, CHECK, BAG, CARRY TO CAR. They don’t need a cashier or bagger. PICKUP IS A SCAM, Fixident in the store is $6.99 which is up since FJB by $2.00, Use Pickup it’s over $14.00. You have to spend $35 to get it free. Boost has a yearly fee and is Kroger’s Delivery system and is WORSE. Ditto for Walmart.
All this is setting up for AI control and the UNICOIN MARK OF THE BEAT BANKING SYSTEM. Some stores are now all AI. I think I saw a YT about Aldi’s of the future. And it is all connected to your cellphone.
Many gold/silver ads are increasing, The Fallacy there is it is not very spendable like it was before we changed to paper money, Just an investment thing.
Government maffs. My everyday expenses are up double what they were pre chomo Joe.
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