I'm in England. When I visited Arizona a couple of weeks ago I was shocked at US food prices. I am in fact a UK Costco member but didn't visit a US Costco while I was there. In regular supermarkets though the US prices are approaching 2x what I pay here for the exact same stuff. For example I shopped in a US Lidl and we also have Lidl here.
The only stuff which was significantly cheaper in the US was alcohol (wine/beer/spirits) and - for some strange reason - eggs. I was surprised that the smallest pack of eggs I could buy was 12 (we buy them in packs of 6) and the US price was about a quarter of what 12 would cost in UK. Go figure.
I certainly don't consider egg prices reasonable considering I got hooked on the more expensive eggs. I've tried to buy the cheaper eggs and can tell the difference.
Remember back when "sugar cereals" were more expensive than the more "healthier brands" then It had totally flipped there for a while where the pure sugar ones were cheap and healthy expensive but, it has evened out a bit now. Most cereals are just nasty anyway though, IMO.
Not any more. The highly processed stuff is high as gold. Potato chips and other salty junk food have doubled in price. And bags are now half the size and still shrinking so the price is actually far more than doubled. The same is true of any processed food you can mention. Look at cereal, canned soup, any frozen foods.
Egg prices are doubled too. They're lower than they were a year ago but a dozen jumbo eggs were 78 cents for years. They're now $1.63.
But you'll see the same thing with all those things you use to cook yourself and avoid processed stuff. Meat, nearly all fresh vegetables and fruit. A 5 lb bag of plain old white potatoes is $5 or more.
It's hard to realize how bad the inflation really is because it's been gradual, but it's far worse that the 3-8% Biden's government has been claiming.
omg, since I watched that clip of parasite pee.. lol, I didn't have coffee for a week, and got a headache and instantly thought of parasite pee. GTFO with that one. Shudder.
I am not even sure who it was, watched a clip of some guy going on about how we have microscopic parasites that cause much of our health problems and that, when they are starved of certain foods their pee builds up and causes headaches and gingivitis in the gums, cancers.. all parasite pee. Was a couple of weeks ago now, I watch too many random things out there, rather I take them as truth or not. heh heh.
I don't judge lol, you never know until you know.
Due to preservation methods US eggs last much longer than European eggs, almost twice as long. That's much less SHRINK, and it's a breakfast staple, so eggs tend to be supermarket loss leaders.
If you take comparisons from the "great depression" of the 1930's, We're anywhere from 4 to 8 times worse off right now. This spans the average wage then to now and applied to everything:housing, food, gas, utilities, etc. Fuckin nuts.
It's about average at 7% a quarter. Liberals can't math, so when they consistently see 7% they think it's 7% since "Biden" took office. He has been President for 11 quarters. That's roughly 77% inflation since he took office. It's why so many of them are dirt poor. They would never be able to understand compounding interest.
Edit: Yes, I know my math doesn't math either. I was doing a bad guess. It's closer to 110% and not 77%. My point is the media never reports the inflation increase from when Biden took over and people just parrot what the media tells them. Which is just the latest quarter numbers.
Be careful when you mock others, saying that someone else 'can't math', and that they 'don't understand compound interest' -- when your example displays the same error that you mock.
A 7% increase, over 11 consecutive months is not 'roughly 77%'. That would be 'adding' interests. Processing the 'compound interest' translates to 210%.
It also completely doesn't describe inflation over the past several years.
This is a confusing of an annual inflation rate and a quarterly inflation rate.
February 2021 is the first full month of the Biden Administration
The Consumer Price Index (CPI-U) was 263.014. The latest number is from August, it's 307.026
To get the percentage increase, you divide the 307 by the 263 which gives you 1.167. This is a 16.7% increase it's not 210% .
This is a 16.7% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.67% quarterly inflation rate.
If you use the CPI-W the numbers are very similar
This 17.0% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.70% quarterly inflation rate.
Feel free to check my math. But when they say inflation was up 5% last quarter......the comparison is to the same time last year (4 full quarters). It's not a 5% increase from last quarter.
You may very well be correct (assuming, of course, that the CPI numbers aren't manipulated).
I was responding solely to the mathematics offered in the preceding post - and (FWIW) I wasn't intending to 'mock' anyone, I was simply suggesting that it's not prudent to mock when your own argument is lacking (in the same topic).
To his credit, the poster graciously accepted his mistake, and then proved his proficiency with a later post.
That depends on who does the calculation. If you still believe government figures, then you are in the wrong corner of the Internet.
Anyone who is paying attention knows for certain that many items have doubled (or more than doubled) in the past two years. From the common: 'What's your local gas price?' To the not-so-common: 'Have you priced recharging an A/C unit lately?'
You've only been on this site for 16 days, which means you might be a disruptive type. I no have idea if that's the case...
But if you truly think that the inflation rate is 'business as usual', you are flat-out blind.
My point was it's not 7% like every one is saying. You have to add it up. I didn't actually do the math and knew it was much, much higher. I was being lazy. 77% or 210%. It's not 7%.
Its not about just adding it up, his point is that you should be mocked equally for not understanding compound interest. good way to get your arguments disregarded if you ever have to explain it to somebody
I understand compound interest. Like I said, I was being lazy. If you want to mock me for that be my guest. I never gave an exact number. I admitted I was wrong. But go ahead and have fun.
Edit: Just for shits and giggles.
1st Quarter: 100.00 + 7% = 107
2nd Quarter: 107.00 + 7% = 114.49
3rd Quarter: 114.49 + 7% = 122.50
4th Quarter: 122.50 + 7% = 131.07
5th Quarter: 131.07 + 7% = 140.24
6th Quarter: 140.24 + 7% = 150.06
7th Quarter: 150.06 + 7% = 160.56
8th Quarter: 160.56 + 7% = 171.80
9th Quarter: 171.80 + 7% = 183.83
10th Quarter: 183.83 + 7% = 196.70
11th Quarter: 196.70 + 7% = 210.46
100% of Biden's economy plus 110% increase. My guess was 177% of the original economy versus the actual number of 210%. Assuming it was a 7% increase each quarter which I'm sure it wasn't. I'm also too lazy to look up the actual numbers. Go ahead and mock away. I'll take my medicine.
Edit #2: If I made any mistakes it's because I'm still half asleep. But there you go.
A good journalist friend of mine just released a book this week called Fiat Food. He did a tremendous job, through research and successful FOIA requests, to demonstrate how since the time of Nixon the corrupt FDA guidelines and BS Food Pyramid, alongside the waves of demonizing red meat and other real foods which have real costs associated with them, have served a purpose to conceal to a lot of the U.S. population the real sting of inflation over the last 50 years or so.
Every product and service is 2 to 3 times the cost it was in January 2021. In my industry a home that 5 years ago sold new for 300k now starts at mid 600s. In my area many builders that built those 300k homes and have huge subs with tons of empty lots arent building anything. Guy that were doing the 150 to 200k home that are now 300k arent even waiting for buyers they are building specs and selling them when they are finished.
Can y'all just see the history books in the future?
"Americans, their intelligence blunted by MSM and idiocy, actually believed the media when they told them that in 2023 inflation was only 7% when, in reality, it was 75%. Of course, many also believed that the 2020 election was not stolen. Hard to imagine citizens were that stupid."
I got two bags of groceries today, apples, pizza sauce, bread, cheese, milk, nothing special, not even any meat except a bag of pepperoni... It was $85 CAD. I was absolutely SHOOK.
I then went and picked up two coffees and breakfast as a treat for my wife and I today, and it was $58 CAD... without tip.
What the fuck is going on. My wage is exactly the same as it was a year ago.
About six months ago several times after we ate at a small local burger place my husband swore they were charging for things we didn't order. After three visits and he asking for itemized receipt he figured out it was just price increase. I've laughed at that so much because he knew he was right and the look on the kids face having to give itemized receipt at a diner. Fast forward six months and we mostly eat at home. We have an old gas grill that's in great shape, pit boss & blackstone (found on clearance). Bought 1/4 of cow and I never want to eat beef in a restaurant again. It's well worth it.
The sizes are probably smaller also. I just opened a new jar of mayo and it's 30 oz. I'm 56 and regular size mayo has always been 32 oz unless you are getting tiny or bulk sizes. I bought this mayo over six months ago will probably be 28 oz by 2024. We know once they raise prices and reduce size it doesn't change. Time to make mayo from scratch. (and other things)
Should be against the law to raise the gas prices like they do, up and down from day to day. The price should stay the same until the gas station gets there tanks refilled.
I'm in England. When I visited Arizona a couple of weeks ago I was shocked at US food prices. I am in fact a UK Costco member but didn't visit a US Costco while I was there. In regular supermarkets though the US prices are approaching 2x what I pay here for the exact same stuff. For example I shopped in a US Lidl and we also have Lidl here.
The only stuff which was significantly cheaper in the US was alcohol (wine/beer/spirits) and - for some strange reason - eggs. I was surprised that the smallest pack of eggs I could buy was 12 (we buy them in packs of 6) and the US price was about a quarter of what 12 would cost in UK. Go figure.
Paranoid me has me thinking the eggs are cheap cause they’ve added something to them somehow….😬😁
Or egg prices were being carefully watched by normies so they are artificially keeping them reasonable. /tinfoil
I don't consider $6 a dozen reasonable for something that was 99 cents in 2020.
I certainly don't consider egg prices reasonable considering I got hooked on the more expensive eggs. I've tried to buy the cheaper eggs and can tell the difference.
Remember back when "sugar cereals" were more expensive than the more "healthier brands" then It had totally flipped there for a while where the pure sugar ones were cheap and healthy expensive but, it has evened out a bit now. Most cereals are just nasty anyway though, IMO.
Not any more. The highly processed stuff is high as gold. Potato chips and other salty junk food have doubled in price. And bags are now half the size and still shrinking so the price is actually far more than doubled. The same is true of any processed food you can mention. Look at cereal, canned soup, any frozen foods.
Egg prices are doubled too. They're lower than they were a year ago but a dozen jumbo eggs were 78 cents for years. They're now $1.63.
But you'll see the same thing with all those things you use to cook yourself and avoid processed stuff. Meat, nearly all fresh vegetables and fruit. A 5 lb bag of plain old white potatoes is $5 or more.
It's hard to realize how bad the inflation really is because it's been gradual, but it's far worse that the 3-8% Biden's government has been claiming.
Funny how alcohol has not inflated tremendously. Keeps you asleep.
Their plan is to make us all alcoholics and juiced up all the time, non- productive and incapacitated.
Or, to feed the parasites.....
omg, since I watched that clip of parasite pee.. lol, I didn't have coffee for a week, and got a headache and instantly thought of parasite pee. GTFO with that one. Shudder.
Okay, I don’t know what this is but I’m already on board and freaking out a little.....
I am not even sure who it was, watched a clip of some guy going on about how we have microscopic parasites that cause much of our health problems and that, when they are starved of certain foods their pee builds up and causes headaches and gingivitis in the gums, cancers.. all parasite pee. Was a couple of weeks ago now, I watch too many random things out there, rather I take them as truth or not. heh heh. I don't judge lol, you never know until you know.
Due to preservation methods US eggs last much longer than European eggs, almost twice as long. That's much less SHRINK, and it's a breakfast staple, so eggs tend to be supermarket loss leaders.
How are eggs preserved other than by refrigeration? (talking store bought eggs which have been washed).
Euros don't refrigerate or wash their eggs.
Interesting. I wonder what their incidence of salmonella is compared to the US.
Doesn't it seem funny, I can't hear your accent from you writing this😂
Well we kind of invented English so not too surprising that I kun spik it gud 😁
Friendly reminder:
Document everything, so the MSM can't memory hole anything!
We're in a soft depression.
If you take comparisons from the "great depression" of the 1930's, We're anywhere from 4 to 8 times worse off right now. This spans the average wage then to now and applied to everything:housing, food, gas, utilities, etc. Fuckin nuts.
It's about average at 7% a quarter. Liberals can't math, so when they consistently see 7% they think it's 7% since "Biden" took office. He has been President for 11 quarters. That's roughly 77% inflation since he took office. It's why so many of them are dirt poor. They would never be able to understand compounding interest.
Edit: Yes, I know my math doesn't math either. I was doing a bad guess. It's closer to 110% and not 77%. My point is the media never reports the inflation increase from when Biden took over and people just parrot what the media tells them. Which is just the latest quarter numbers.
Be careful when you mock others, saying that someone else 'can't math', and that they 'don't understand compound interest' -- when your example displays the same error that you mock.
A 7% increase, over 11 consecutive months is not 'roughly 77%'. That would be 'adding' interests. Processing the 'compound interest' translates to 210%.
It also completely doesn't describe inflation over the past several years.
This is a confusing of an annual inflation rate and a quarterly inflation rate.
February 2021 is the first full month of the Biden Administration
The Consumer Price Index (CPI-U) was 263.014. The latest number is from August, it's 307.026 To get the percentage increase, you divide the 307 by the 263 which gives you 1.167. This is a 16.7% increase it's not 210% .
This is a 16.7% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.67% quarterly inflation rate.
If you use the CPI-W the numbers are very similar This 17.0% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.70% quarterly inflation rate.
Feel free to check my math. But when they say inflation was up 5% last quarter......the comparison is to the same time last year (4 full quarters). It's not a 5% increase from last quarter.
You may very well be correct (assuming, of course, that the CPI numbers aren't manipulated).
I was responding solely to the mathematics offered in the preceding post - and (FWIW) I wasn't intending to 'mock' anyone, I was simply suggesting that it's not prudent to mock when your own argument is lacking (in the same topic).
To his credit, the poster graciously accepted his mistake, and then proved his proficiency with a later post.
But the mathematics were also wrong, because what he was describing was an annual inflation rate of 28%.
A rate the US has never reached.
Once the math reached 200%.......we should be able to check that vs reality.
That depends on who does the calculation. If you still believe government figures, then you are in the wrong corner of the Internet.
Anyone who is paying attention knows for certain that many items have doubled (or more than doubled) in the past two years. From the common: 'What's your local gas price?' To the not-so-common: 'Have you priced recharging an A/C unit lately?'
You've only been on this site for 16 days, which means you might be a disruptive type. I no have idea if that's the case...
But if you truly think that the inflation rate is 'business as usual', you are flat-out blind.
My point was it's not 7% like every one is saying. You have to add it up. I didn't actually do the math and knew it was much, much higher. I was being lazy. 77% or 210%. It's not 7%.
Its not about just adding it up, his point is that you should be mocked equally for not understanding compound interest. good way to get your arguments disregarded if you ever have to explain it to somebody
I understand compound interest. Like I said, I was being lazy. If you want to mock me for that be my guest. I never gave an exact number. I admitted I was wrong. But go ahead and have fun.
Edit: Just for shits and giggles.
1st Quarter: 100.00 + 7% = 107
2nd Quarter: 107.00 + 7% = 114.49
3rd Quarter: 114.49 + 7% = 122.50
4th Quarter: 122.50 + 7% = 131.07
5th Quarter: 131.07 + 7% = 140.24
6th Quarter: 140.24 + 7% = 150.06
7th Quarter: 150.06 + 7% = 160.56
8th Quarter: 160.56 + 7% = 171.80
9th Quarter: 171.80 + 7% = 183.83
10th Quarter: 183.83 + 7% = 196.70
11th Quarter: 196.70 + 7% = 210.46
100% of Biden's economy plus 110% increase. My guess was 177% of the original economy versus the actual number of 210%. Assuming it was a 7% increase each quarter which I'm sure it wasn't. I'm also too lazy to look up the actual numbers. Go ahead and mock away. I'll take my medicine.
Edit #2: If I made any mistakes it's because I'm still half asleep. But there you go.
This is not what has happened in the US.
You're confusing annual rates and quarterly rates.
If you think they aren't lying about the rates I don't know what to say. The annual rate isn't 7%. Despite what the Fake News tries to tell us.
Please see this explanation......this thread is off by significant amounts. It's throwing the whole discussion out of whack.
https://greatawakening.win/p/17rSV7fcv3/x/c/4TxkKD1yWLB
A good journalist friend of mine just released a book this week called Fiat Food. He did a tremendous job, through research and successful FOIA requests, to demonstrate how since the time of Nixon the corrupt FDA guidelines and BS Food Pyramid, alongside the waves of demonizing red meat and other real foods which have real costs associated with them, have served a purpose to conceal to a lot of the U.S. population the real sting of inflation over the last 50 years or so.
Worth a read for sure. https://www.amazon.com/Fiat-Food-Inflation-Destroyed-Bitcoin/dp/B0CK3MXXLT
75% is about right.
2014 an ounce of gold was around $1075.
2023 it's around $1835 right now.
Despite market manipulation, it's a good yardstick of inflation and diminished buying power of our dollar.
In California, the official inflation number from June 2022 to June 2023 is 3.1 (scroll down to the indexing section): https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/october-2023/index.html
BIDENOMICS, that is the reason and it should be shouted for all to hear and as of now, most probably know!!
Every product and service is 2 to 3 times the cost it was in January 2021. In my industry a home that 5 years ago sold new for 300k now starts at mid 600s. In my area many builders that built those 300k homes and have huge subs with tons of empty lots arent building anything. Guy that were doing the 150 to 200k home that are now 300k arent even waiting for buyers they are building specs and selling them when they are finished.
Can y'all just see the history books in the future?
"Americans, their intelligence blunted by MSM and idiocy, actually believed the media when they told them that in 2023 inflation was only 7% when, in reality, it was 75%. Of course, many also believed that the 2020 election was not stolen. Hard to imagine citizens were that stupid."
I got two bags of groceries today, apples, pizza sauce, bread, cheese, milk, nothing special, not even any meat except a bag of pepperoni... It was $85 CAD. I was absolutely SHOOK.
I then went and picked up two coffees and breakfast as a treat for my wife and I today, and it was $58 CAD... without tip.
What the fuck is going on. My wage is exactly the same as it was a year ago.
I decided to eat penn station last night and i got a normal sized philly (middle sized) med fry and a large lemonade and it was
$21.50!!!! I was like wait did i order 2. Or 3!!??
DAMN
About six months ago several times after we ate at a small local burger place my husband swore they were charging for things we didn't order. After three visits and he asking for itemized receipt he figured out it was just price increase. I've laughed at that so much because he knew he was right and the look on the kids face having to give itemized receipt at a diner. Fast forward six months and we mostly eat at home. We have an old gas grill that's in great shape, pit boss & blackstone (found on clearance). Bought 1/4 of cow and I never want to eat beef in a restaurant again. It's well worth it.
The sizes are probably smaller also. I just opened a new jar of mayo and it's 30 oz. I'm 56 and regular size mayo has always been 32 oz unless you are getting tiny or bulk sizes. I bought this mayo over six months ago will probably be 28 oz by 2024. We know once they raise prices and reduce size it doesn't change. Time to make mayo from scratch. (and other things)
Good catch
Gasoline: 100% inflation.
If energy goes up 100% everything else does.
Let's not be fooled by this regime.
They will end
Should be against the law to raise the gas prices like they do, up and down from day to day. The price should stay the same until the gas station gets there tanks refilled.
Prices have been skyrocketing. The local Walmart raises prices nearly every other week.
We don't have 75% inflation. This is silly.
You might have individual items that demand or supply gets out of whack.
But the inflation rate is intended to measure a very broad swath of items.
But I don't understand why people seem to be rooting for the economy to be bad. Lots of folks on here are cheering the destruction of the dollar.
this is useful. https://tradingeconomics.com/country-list/inflation-rate
https://greatawakening.win/p/17r9pJXS5B/independent-reporter-shows-infla/c/
Well hell. I guess more eyes on until a mod catches it 😅