Inflation at 2%? Give me a break.

Posted by $ blarman 9 years, 9 months ago to Economics
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Working in the food service industry and with a rather large family to feed, I can tell you from both professional and personal experience that the notion that food has stayed at about 2% inflation for the past six+ years is an absolute LIE. And I'm not talking about price increases in pork/bacon and beef due to short supply, but across-the-board increases.

CPI is being as badly manipulated as just about everything else under this President.


All Comments

  • Posted by edweaver 9 years, 9 months ago in reply to this comment.
    But they know so much more than most of us. That is what makes them so qualified to tell us how to live. [Sarcasm]
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  • Posted by $ Mimi 9 years, 9 months ago in reply to this comment.
    Hostess sweetest comeback, baby. Bought it last night and forgot about it. YUM.
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  • Posted by $ jbrenner 9 years, 9 months ago in reply to this comment.
    Within experimental error, we haven't had a "recovery" or a "recession" during the Obama administration, we have had a new normal ... depression.
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  • Posted by $ jbrenner 9 years, 9 months ago
    Food and energy are "no longer included" in the calculation of inflation. To come up with their cockamamie "inflation rate" in the past few years, all goods and services increased in price, but the value of your home went down. Thus, "on average", prices only went up a little. For the average homeowner, this was a double whammy and a massive decrease in net worth.
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  • Posted by $ jbrenner 9 years, 9 months ago
    If we create $1 trillion out of thin air each year and have a $15 trillion GDP, that in itself is a 7% inflation, not counting anything else. Of course, that doesn't get counted by the Bureau of Liars and (Abused) Statistics.
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  • Posted by $ Mimi 9 years, 9 months ago in reply to this comment.
    Oooooh,you reminded me that there is an unopened chocolate-top cream-filled cupcake in my hand-bag.

    +1
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  • Posted by UncommonSense 9 years, 9 months ago
    I'm so sick and tired of them believing that we are so stupid & gullible. They are the ones who are the fools.
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  • Posted by edweaver 9 years, 9 months ago in reply to this comment.
    Almost everything that you buy is either higher priced or sold in smaller packages at a slightly higher cost. I belong to a print owners group and a conversation happened this week with people complaining about the thickness of paper being reduced.
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  • Posted by freedomforall 9 years, 9 months ago in reply to this comment.
    In '39-'43 they were wise enough not to give peace awards. They should take that approach every year unless there is a worthy recipient. Obviously that hasn't been an option for 20 years. Giving awards to elistist scum like Gore, Obama, the EU, and the UN exposes the process for what it is.
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  • Posted by $ 9 years, 9 months ago in reply to this comment.
    My understanding was that the Peace Prize isn't even administered by the Nobel family. It certainly wasn't one of the original prizes, being a fairly recent invention of the laughable political elites. Good grief, they gave Barack Obama one based on the HOPE he would do something! What an absolute joke - even more than that of giving one to Al Gore.
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  • Posted by $ 9 years, 9 months ago in reply to this comment.
    Oreo cookies are a big tell. They keep reducing the filling. What they are now calling "double-stuff" used to be the normal filling of about 20 years ago. They only started making "double-stuff" after they started reducing the amount of filling. Now it's just plain ridiculous.
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  • Posted by richrobinson 9 years, 9 months ago
    Not sure if this will make sense but one of the things I have noticed in my business is this. When I go in the fall to book my spring merchandise orders each vendor has a set list price and we get discounts off of that depending on how much I buy. Over the years the list prices have stayed relatively constant but my discounts have shrunk noticeably. In years past I would get June dating on many orders but most now carry May terms. This would give the illusion that prices have remained stable but since my discounts are smaller obviously prices are going up. Not sure if this helps to manipulate the data or not.
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  • Posted by iroseland 9 years, 9 months ago
    the way inflation is calculated has been broken for pretty close to forever. The only sin committed by the current looters in power is that they have added their own spin to the mess. As for the past 6 years.. 6 years ago my monthly mortgage payment was 450$ These days I have to live elsewhere, and rent is 2K.. A 2 liter of diet coke back then was 1.25.. These days they are like 2.25.. Back, then I was paying 25 a month at work for the Bugatti of health insurance, and now I am paying 900$ a month for the rusty old Yugo version of health insurance. Ohh, and is just me or have people gotten used to paying 4$ for a gallon of gas?
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  • Posted by richrobinson 9 years, 9 months ago in reply to this comment.
    I sell dog food Kh. Over the last 5 years or so it has been hard to keep up with the increases. We only sell the high end foods but the increase has been at least 20%.
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  • Posted by khalling 9 years, 9 months ago in reply to this comment.
    I've also noticed it in dog food-maybe at least a 20% increase. I am not in the US-so can someone verify this for me?
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  • Posted by freedomforall 9 years, 9 months ago
    "No wonder the Nobel family wants to abolish the politically polluted prize for economics."

    No plans to abolish the ultra-politically perverse "Peace" prize?
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