this post was submitted on 07 Nov 2024
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Grocery inflation is, in fact, not out of control: https://www.usinflationcalculator.com/inflation/current-inflation-rates/
I'm so tired of hearing that. But I guess that's part of her messaging problem. She couldn't get through to people looking at high prices and assuming they're still rising.
That's because low inflation does not mean prices come back down, which is what people expect. So technically inflation is not out of control. But prices are still high. That's what people mean.
That's exactly what I said.
Not really. Sorry but you're playing pedantic with the terms. People say inflation to mean high prices.
It's not pedantic. People just literally don't understand what inflation means. Wage growth, apparently, has caught up to inflation, so it's really just that people haven't adjusted their mindset to the higher prices now. And they're angry about it.
In almost everything there is the scientific or technical definition of the term, and then there is common parlance. People will never know the technical terms, just accept that because all you're accomplishing is being pedantic.
How basic of terms should we give up on? Inflation is not a difficult concept. I would barely call it a technical term.
Let me know if you stop people from using the word theory incorrectly. That's only been going on for centuries, surely we'll educate everyone any day!
You jest, but seriously, inflation is not that hard to understand. You apparently have a very low threshold for calling something pedantic.
You are going to be sorely disappointed by the world.
Food inflation is outpacing wage growth
People don't give a shit what the CPI is
Their grocery runs cost more for less food, so there is a problem with wage growth or food prices that the Dems are not willing to acknowledge
Food prices are a component of CPI. Food inflation is also around 2%, which is like the ideal inflation rate: https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/
Note that it was out of control a couple years ago, which is why prices went way up. I haven't looked at the statistics, but what I have heard is that wage growth, generally, has caught up to inflation, which includes food prices. This is still a feels over reals situation. People feel that their food is too expensive, and Republicans are way better at addressing the feels. One of my favorite signs around the neighborhood said "TRUMP LOW PRICES || KAMALA HIGH PRICES". Like, yeah, that definitely makes sense. Well explained.
Grocery inflation is also a result of price gouging, not the economy.
But it’s not just grocery stores as everyone thinks. Prices are up all the way along the supply chain. Supplies, feed, and seed for farmers are way up too.
What do you think the economy is? It is made up of price gouging and parapsychology <yes I know that's ghosts>
Its not out of control now, but that doesn't cancel out previous high inflation rates on things. If people wages haven't kept up then they may not be able.to still afford the standard of living they had a few years ago.