inflation is falling (Page 3): Inflation down hahahaha I just changed prices at the grocery store I work at and I changed some price up by $6.00.

IdahoLady

Coos Bay Tom wrote:

https://www.msn.com/en-us/money/markets/key-inflation-measures-are-falling-at-their-fastest-pace-in-40-years/ar-AA19qucp?ocid=msedgntp&cvid=b07d60b8083e4624bc93086a7be733d1&ei=58

Inflation down hahahaha I just changed prices at the grocery store I work at and I changed some price up by $6.00.

BIRDMAN

IdahoLady wrote:

Inflation down hahahaha I just changed prices at the grocery store I work at and I changed some price up by $6.00.

These lefties can’t even believe their own eyes

nonalien1 Loc: Mojave Desert

Smedley_buzkill wrote:

Tom, falling inflation from the worst in fifty yea... (show quote)

How can they say 6% inflation when every thing is 50% higher? I wish I only had to pay 6% more for pipe and lumber. Or gas and food.

Strycker Loc: The middle of somewhere else.

nonalien1 wrote:

How can they say 6% inflation when every thing is 50% higher? I wish I only had to pay 6% more for pipe and lumber. Or gas and food.

Creative government accounting. A 100% increase in price is called 50% inflation. A 12% increase is 6% inflation. In addition housing costs were recently taken out of the inflation equation because it makes the inflation number look higher to leave it in. Gas and food are also not included. Makes no logical sense to me. Political subterfuge.

son of witless

IdahoLady wrote:

Inflation down hahahaha I just changed prices at the grocery store I work at and I changed some price up by $6.00.

They fall over themselves to excuse Brandon's incompetence.

RandyBrian Loc: Texas

Strycker wrote:

Creative government accounting. A 100% increase in price is called 50% inflation. A 12% increase is 6% inflation. In addition housing costs were recently taken out of the inflation equation because it makes the inflation number look higher to leave it in. Gas and food are also not included. Makes no logical sense to me. Political subterfuge.

You've got to remember, folks, that when the government calculates inflation, it is figured against the last month...not last quarter or last year, much less two years ago. 6% MONTHLY over a year is equivalent to a one time price increase of 101%. Over 18 months, it is equivalent to a 285% one time inflation rate.
a good way to understand it is personal cost of living. My wife and I are diabetic, and therefore our diet is set in a very structured pattern, and has been for more than a decade. I buy our groceries weekly, and I am the one who budgets and pays the bills. Ten years ago I budgeted $120/week for groceries and gasoline. Eight years ago it was STILL $120/week for groceries and gasoline. Today it is $250/week for groceries and gasoline, and most weeks I have to go over the budget.
All thanks to President Biden and Democrat economic theories and policies.

Strycker Loc: The middle of somewhere else.

RandyBrian wrote:

You've got to remember, folks, that when the gover... (show quote)

Inflation is reported monthly however the comparison of a basket of goods is compared to the same month a year earlier. Not the previous month.

RandyBrian Loc: Texas

Strycker wrote:

Inflation is reported monthly however the comparison of a basket of goods is compared to the same month a year earlier. Not the previous month.

Yes, but the basket of goods the government uses does not include gasoline or food items. I DID make a mistake though....I said * years ago, when I should have said two. My household food and gasoline budget remained stable from late in Obama's administration until very early in Biden's. It has more than essentially doubled since then.

RandyBrian Loc: Texas

RandyBrian wrote:

Yes, but the basket of goods the government uses does not include gasoline or food items. I DID make a mistake though....I said * years ago, when I should have said two. My household food and gasoline budget remained stable from late in Obama's administration until very early in Biden's. It has more than essentially doubled since then.

Boy....I messed THAT up! I got interrupted by a granddaughter, and did not review before pressing send. Baking an Easter cake shaped like a sleeping bunny rabbit on a grassy field.
The essence is that my families budget has more than doubled for food and gasoline, after staying stable from 2015 through early 2021. And THAT is real life inflation unfiltered by government bureaucrats to look less damaging.