1y ago

I feel the actual inflation

200 comments

It's not inflation. It's price gouging.
- Yeah it isn't natural at all and needs regulation on basic items to live
  
  I don’t know, they look natural to me
- Price gouging coincidentally at the same time across the entire economy, soon after an enormous increase in the monetary supply.
  A---Aurora Borealis? At this time of year! At this time of day! In this part of the country! Localized entirely within your kitchen?!?
  
  Record high prices coinciding with record high profits and plunging cost of good sold, followed by even higher prices. They are testing to see what the pain thresholds are. All that's gonna happen is that business will start to collapse as consumer spending plummets because people can barely afford to survive. Will the system autocorrect or collapse? Will the government ever enforce consumer protection laws ever again? ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯
  
  There is inflation I agree, but I think a significant percentage is from price gounging, around 30%. I saw a study detailing this that I could find and link if you want.
  If you're wondering how it can happen simultaneously accross whole countries and much of the world, you can look up the concept of "price leadership."
  
  Can I see it?
  
  "soon" or maybe you need to review your oversimplification of complex issues
- Rose by any other name?
  But yeah. It's all made up.
- No, it's inflation. Too much money chasing too few goods. Caused partially by years of central banks across the world injecting new money into financial markets and partially by the massive dump of new money into the consumer economy in 2020-2022.
  
  Too much money chasing too few goods?
  Wrong. Supply is fine.
  Prices are going up because people are willing to pay higher prices than they were. We still have not found a new ceiling. It's not "all the money printed by Trump" that caused a giant spike in inflation (that only played a small part). It's record profits in a variety of industries convincing anyone and everyone to charge more.
  
  100%. I don’t know why anyone expected anything different - we’ve been printing and printing and printing money for the last 10 years. Chickens are home, roosting.

tbh both inflation numbers are hot
- Yeah, I wouldn't mind being screwed by either of these inflations.
- Small tits fan checking in.
- Nah reported inflation is better. Too much inflation might drown you
  
  It's a risk I'm willing to take.
  
  If I learned anything from the film Weird Science it’s that anything bigger than a handful of inflation, you’re risking a sprained tongue.

The inflation report that came out today specifically omits fuel and grocery prices because those are "volatile" categories. My grocery bill is double what it was two years ago and has been for six months. I wouldn't call that volatile.
- Groceries are stupid, it cost me $20 to make a lasagna that last year cost $10.
  
  was it twice as good tho
  
  It's funny you say this, because my wife and I just made a lasagna and were shocked it cost nearly $30.
  
  Costs me $12 to make 2-3 sandwiches at home using deli meat and cheese, a loaf of French bread, and 2 small tomatoes. That's while taking advantage of sale prices. Would be more like $8/sandwich if I hadn't bought the meat and cheese on sale.
  
  Wtf. I mean I realized how much you us people pay for food when I was there last year, but 20$ for lasagna. What's going on? I think I can easily do it under 10€,even buying "better" meat.
- They didn't omit those prices. CPI and Core are two separate measurements. Core excludes food and energy.
  In fact, excluding food and energy actually made the numbers worse. CPI is at 3.2% YoY. Core is at 4.7%.
- Idk man ground beef is still like $3 a pound for me, milk $2.70 a gallon, pasta $1 a pound. I'm not saying some things haven't gotten more expensive because they have, but my grocery bill from 2 years ago is like 20-30% more expensive now.
  
  I'm not sure what point you're trying to make. A 20-30% jump in a grocery bill is unprecedented in my life time. I'm skeptical it's even that low for most. Pre-pandemic, I was buying eggs for 1.39, they're 2.49 now. Jarred spaghetti sauce used to be 1.99, it's 3.49 now if I catch a sale. I used to be able to regularly buy chicken breast for like 1.49-1.99, now if it's less than 3 I buy as much as I can afford and freeze it. This time of year in my area, corn would usually be on sale 4/$1. The cheapest it's gotten is $0.79.
  Just repeat ad nauseam for everything. The other day I was in the store thinking to myself, "I'm not sure I can afford convenience foods like canned beans." Canned. Fucking. Beans. The luxury.
  
  Grocery prices can vary widely depending on location. The absolute cheapest Walmart ground beef I can get is $4.50 per pound and milk is $3.62 a gallon. Pasta is a $1 pound and eggs are relatively cheap here. Produce has gone through the roof.
  
  Where I am at,ground beef is more in the $5-6/lb range, as a comparison. We have some dairy farms local so milk is a bit cheaper, but basically everything else is significantly more expensive, especially meat.
  
  Depends where you're at. Ohio? Same. Florida? 2-3x

inflation can't be that cute

In some ways, the reported inflation is real. The main increase in cost is not actually real, or caused by anything except greed.
There's also a lot of hidden costs that aren't factored into inflation as strongly as they should be, or at all. Those hidden fees have also gone up.
So the entire business segment is just hand waving the whole issue because they know it will be reported wrong; they're going to keep raising prices and point to the "official" inflation numbers and continue to feed us the bullshit that inflation isn't a problem to justify never giving their employees a raise.
IDK how stupid they think we are, but I'm sure they think we're little more than removed (I mean that in the clinical sense). They're (very publically) showing massive profit numbers, using inflation, or the lack thereof, to justify slave wages, while ripping off their users as much as they think that they can without creating riots.
More for them, less for us. As it's always been.

My country's news say we're improving with a straight face. And I'm like "improving in what? Making the country sink more efficiently?"
- The stockholders have improving profits. That’s all the media cares about. If profits go up, the media will be praising it even if inflation is killing the bottom 90%.
- "It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grammes a week. And only yesterday, he reflected, it had been announced that the ration was to be REDUCED to twenty grammes a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. Parsons swallowed it easily, with the stupidity of an animal. The eyeless creature at the other table swallowed it fanatically, passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grammes. Syme, too — in some more complex way, involving doublethink, Syme swallowed it. Was he, then, ALONE in the possession of a memory?"
  
  Literally 1984, but this time it isn't even a joke (I'm fucking scared)
- I'm honestly not sure why there isn't civil unrest worldwide. People have got to be suffering mass homelessness at this point and starving. I did hear that theft from grocery stores increased but to me it's well deserved.
  
  The Internet happened
  
  Well deserved or justified? I don't think a grocery store deserves being robbed given that they operate on slim margins, but if you steal a loaf of bread because you are otherwise going to starve, then I think you are justified.

I wish my country's government had the testacles to cap prices on food. I order food mostly online and I compared prices from 2 years ago and most things are at least 200% more expensive, cheese for example is like 600% though.
- If they cap prices on food, then you'll see food shortages instead of expensive food
  
  How so? In my country, certain basic food items are priced capped AND rationed, meaning you're only allowed to buy a certain amount of it at a time.
  but but but muh freedum market$$
  No! Worldwide, the agricultural sector is THE MOST SUBSIDISED economic field. You can't have it both ways. If taxpayers' money is used to prop up your business, you have a duty to the taxpayers and country.
  
  Most food here is locally produced, I don't see how that would create a shortage. Like people aren't going to sell their grocery stores cuz their margins are thin again and farming is so heavily subsidised that I don't see it effecting farmers.
- Dont. Here in Hungary the commie ruling party (fidesz) capped some food prices, which lead to world recorder food inflation (47% measured), and top 3 overall inflation (36% measured). A lot of food products are 100-300% more expensive, also i cant say any product (not just food) that isnt became at least 40% more expensive. When caps lifted, there was a smaller price drop.
  They also capped the fuel prices, then when they revoked the cap, the fuel became one of the most expensive from the surrounding countries.
  Communist methods cause more problems than solve
  
  Fidesz are now commies? Yeah sure.
  
  Yea we have a food inflation pretty close to those measured numbers though in reality its a lot higher and that's without any caps. Also how could a food price cap cause inflation in food prices? That's literally the thing you are capping.

Yuck
- Sir, explain
  
  I wish these had been dick pics instead

Feels like everything is too expensive these days. Rent now takes more than 1/3rd of my income and I'm trying out different foods so that I can save on groceries. Hell, I don't drive anymore if I can avoid it. Shit is getting rough out here.

Well, thing is, some product categories probably aren’t suffering the same price hikes as groceries, fuel and rent. Stuff like cable and internet, clothing and office supplies are probably bringing the average down (please tell me if they’re having inflation, I pulled these categories out of my butt).
- I hope we see deflation eventually... I know it's not good for the economy but no one wants to pay 100 dollars for a coke
  
  That's the fun part! It never deflates! I guarantee lots more prices for consumer goods could have already come down, but damn do they love the idea of keeping those price points where they are. We already need another round of inflation on wages to get to where we were.
  
  no one wants to pay 100 dollars for a coke
  Reminds me of a comic strip where a guy goes to Japan and orders a coffee. The cashier says the total is 300 yen and the guy says "damn, coffee is expensive here!"
  
  This breaks the current economic system and will only occur safely once capitalistic GDP and population growth has ceased completely
  
  Problem with deflation is: what do people do when theres deflation when it comes to optional expenses? Well, they may postepone them in hopes that prices go further down, this means that there’s less demand, prices go downer, businesses may start to fail, putting people in unemployment, reducing demand, and death spiral. Basically same thing as inflation death spiral but with deflation. Consumer confidence is a very delicate thing
  
  When inflation is up the roof I doubt it's that bad
  
  If you get normal inflation of 2%, you will never see a 100$ coke. The cumulative inflation in 100 years in "only" 700%.
- Doubt it's such a huge difference to make a significant impact

The only happy inflation for me is the one in my pants. This image does it

Now I really like the um... inflation ( ͡° ͜ʖ ͡°)

When you thought Lemmy would be less cringe than Reddit: 🤡
- I mean it is in fact a shitty post.
  
  But can the shit still be cringe when it's shitty cringe and taken as merely cringy shit? The question of our times.
  
  Is there a c/lost_lemmings? Because this guy would fit right in.

You just gave me a whole new perspective

- Sure it's a widespread increase in the prices of goods and services, but corporate profits are up too so that makes it not inflation, for some reason. /s

Stop trying to make me feel good about inflation.

For more information, look up “breast inflation” on google

Yeah, actual inflation is good and all but actual inflation is the type of woman to have a secret cocaine addiction and a drinking problem then you catch her in bed with your neighbour so you kick her out of the house but you still let her swing by every once in a while to bang when you’re drunk enough that you probably shouldn’t be sleeping with anyone and it’s a fifty percent chance your dick will actually get hard.
- You doing ok Satan?
  
  Does it sound like I'm doing okay?
- Moving onto the projections for Q4...

Amateurs
- Are you sure
  
  I have lived in a +30% inflation country throughout all my life (now +100%) and my governemnt lied so much about it that we had to pay fines to international entities.
  Im quite sure... unless you are from vzl, arg... in that case, lo siento hermano

Inflation is transitory, and it is Trump’s fault for overheating the economy anyways.
- It's the Fed's fault for overreacting to COVID and leaving rates at 0% for years. That shit has permanent consequences. A whole lot of people got insanely rich from a global tragedy.

thats why i prefer crypto (anime girls)
- Crypto has unlimited inflation.
  
  exactly

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