You might be noticing that a pound of tomatoes costs 10 dollars at the grocery store or that you’re paying 8 dollars for a Bounty roll. While I know that my fellow proles tend to have a heightened sense of anxiety about economic forces which they do not understand, please keep into consideration that the inflation rate is only 7%.
That’s right, it’s mostly in your heads! Like, yes, subsidized milk and cigarette butts are the only things that are considered in the basket of goods model, but that doesn’t negate the fact that the current ‘inflation’ that we’re seeing is very healthy for the economy. What explains the marginal increase in food prices? Well, you see, there’s a big boat stuck in the Suez canal that has all of our pink hair dyes and beans, and the truckers who on break because they’re lazy are not delivering. Once this gets fixed prices will jump back down because of supply and demand.
Sidenote but ever noticed that even though we are obviously living through an economic crisis, absolutely zero media (not even leftists) call it that? We have xy shortages, inflation, rising prices but no economic crisis.
stock market is doing well ,they are tired of pretending they care for anything else ... only when the market tanks , they feel there is a crisis..
:this: "Crisis" is the word for things that inconvenience the bourgeois. That's why we have a "labor shortage" right now, but no "economic crisis".
subsidized milk and cigarette butts are the only things that are considered in the basket of goods model
Seriously?
My non-expert understanding from my undergrad econ classes is that the CPI "basket" does not include fuel nor food because the prices of those things can be volatile sometimes.
Lol it's worse. We're discussing a rearward-looking metric. There's no prediction involved. They just want it to look more stable than it ought to be.
Food prices will eventually crash for a lot of things but the consumer price will stay elevated for awhile.
Pork at market is already back to 2019 levels but you would not be able to tell walking into a grocery store.
They will crash down, there is nothing to worry your little peasant head about.
