If only we could get -2% inflation for a few years so price come down to reasonable levels.
this post was submitted on 10 Oct 2024
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I started eating salads in August. I eat the packaged ones from King Soopers.
They’ve gone from $2.99 to $3.69 in that time. Since August.
I don’t believe anyone who says inflation is 2.4%. I just don’t believe it.
Packaged salads have an insane markup on them, if you do them yoursef you can save more than inflation ;)
Inflation tracks the value of currency. Grocery store prices track how much corporations can charge you, imagine how bad it would be if the Krogers Albertson Merger wasn't stopped by the Biden Administration.
The value of currency is always relative to goods and services.
Prices track the value of currency.
But the prices YOU PAID don't track the value of currency when the prices the STORE PAID are much much lower. The dollar still bought those goods cheaply, and it's also still buying expensive homes, boats, and planes for some lucky shareholders and board members. It's just not buying much for YOU because you have limited options to buy from.
The trick with inflation calculations is that they're tied to a specific basket of wholesale goods. So each individual ingredient in that bagged salad may not have gone up more than 2.4%. But the grocery store's corporate accountants have decided they can increase their margins with a 23% price hike.
That's not inflation, it's greedflation. And while we see wholesale prices remain low, we're watching profits soar.
This is Core Inflation in the OP. It’s actually a basket of baskets of goods.
Oh that's wonderful, because as we all know inflation is the only reason for the increasing prices...right? There couldn't be any other contributing factors?
Not in russia lol!
While this is good news, remember that this means that prices are still increasing due to inflation, just at a slower rate now. It does NOT mean that inflation has been reversed.
Not sure why there are down votes here. It's an important fact to remember that inflation "falling" doesn't mean the cost of living is going down.
Whether reversing inflation is good or not isn't their point. The point is, living is still more expensive than last year and your wage hasn't been keeping up since the 70s.
Probably because most people are too lazy to explain that deflation is a bad thing and incredibly hard to get unstuck. The "ideal" scenario is one where inflation stays low and wages outpace it. A small amount of inflation is a way to stop billionaires from sitting on piles of cash. At least with inflation they're incentivized to spend it on investments, some of which are good for the economy.
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