Current Events > news keeps saying groceries are more expensive cuz of inflation

(+) Yeah! (+)

they say the average cost of your thanksgiving dinner will be 20% more

but inflation is only 8%

what about that extra 12%???

The democrats???

Media doesn't wanna tell you about companies taking in massive profit and calling it inflation.

Which is totally, unequivocally, 100% the Dems fault, yes.

Totally.

Unknown5uspect posted...

Which is totally, unequivocally, 100% the Dems fault, yes.

i fucking knew it

i wish there was a party who would pass laws to stand up to corporations.

but alas

Thank God we moved Republicans back into the house to fight inflation hunter biden's laptop.

Sayoria posted...

Thank God we moved Republicans back into the house to fight inflation hunter biden's laptop.

Hunter Biden's laptop has the algorithm that caused the inflation duh

Meat is definitely more than %8

Well they're not wrong, though I suppose it depends on where you live too.

8%? Inflation has easily been in the high double digits till now. Nothing across the board feels only 8% more expensive.

Prismsblade posted...

8%? Inflation has easily been in the high double digits till now. Nothing across the board feels only 8% more expensive.

Is increased cost only due to inflation though?

Its not rocket surgery. Overall inflation is 8%, some things have gone up more, others less.

Ruvan22 posted...

Is increased cost only due to inflation though?

No, our excessive money printing aside.
Other factors are record floods and droughts ruining seasonal harvest, transporation issues, supply chain issues caused by the war in Ukraine. From oil, gas, rare earth's, wheat, fertilizers, and etc. A bird flu pandemic has also wiped out millions of livestock also. Which explains the rise in cost of things like eggs, milk and meats.

Things are only going to get alot worse in winter. The US will probabaly manage still. But the EU? From what I hear are going to be in for a rough one.

some things 20% more.
had to switch stores to save.

only can do much against the high inflation before stuff gets cut.

CE's 'inflation doesn't exist' conspiracy theory is pretty damn stupid tbh

Unknown5uspect posted...

Hunter Biden's laptop has the algorithm that caused the inflation duh

As much as I'm into certain kinds of inflation fetish art, even I'm disgusted at the idea of seeing that stuff discussed on capitol hill.

Prismsblade posted...

8%? Inflation has easily been in the high double digits till now. Nothing across the board feels only 8% more expensive.

Inflation is measured using a standardized "basket of goods". Some are high, others low. The average is 8%.

Prismsblade posted...

No, our excessive money printing aside.
Other factors are record floods and droughts ruining seasonal harvest, transporation issues, supply chain issues caused by the war in Ukraine. From oil, gas, rare earth's, wheat, fertilizers, and etc. A bird flu pandemic has also wiped out millions of livestock also. Which explains the rise in cost of things like eggs, milk and meats.

Things are only going to get alot worse in winter. The US will probabaly manage still. But the EU? From what I hear are going to be in for a rough one.

So of the 20% increase in costs of things is only 8% is accounted for by inflation, and TC is right in his observation that the news is incorrect in their attribution?

Damn_Underscore posted...

CE's 'inflation doesn't exist' conspiracy theory is pretty damn stupid tbh

I haven't seen anybody claim that in this thread?

Companies can charge more for any reason, but the biggest reason is profit cash money. Thats why we are seeing record high inflation

Ruvan22 posted...

I haven't seen anybody claim that in this thread?

You serious? Look at the second post.

People afraid to call out misinformation because they are on the same "political team" is the only way I see that

Damn_Underscore posted...

You serious? Look at the second post.

People afraid to call out misinformation because they are on the same "political team" is the only way I see that

I don't read the second post as "there is NO inflation"? But for the sake of argument, was your original post directed at *just* the second post?

Ruvan22 posted...

I don't read the second post as "there is NO inflation"? But for the sake of argument, was your original post directed at *just* the second post?

No because that person didn't create the idea of "inflation doesn't exist, it's just corporations price gouging" which is wrong

Naysaspace posted...

Inflation is measured using a standardized "basket of goods". Some are high, others low. The average is 8%.

I'm aware of this, and stand by what I said still. Despite the official statistic.

meanwhile every company has been making record profits tell me they arent all doing it on purpose

The topic was tough to read through. Saw no mentions of CPI or how what it tracked was changed in the 80s.

seems like most of the "inflation" is corporate greed
https://twitter.com/RepKatiePorter/status/1582475617723113472

Naysaspace posted...

Inflation is measured using a standardized "basket of goods". Some are high, others low. The average is 8%.

More like basket of bullshit. It's not even "standardized" either since they'll change it up, claiming it's to better fit the buying habits of people, but really just to fudge with the numbers. Food, housing, energy, and healthcare are all WAY up and the biggest budget items for people. Food at a minimum is 20% more expensive in general and the rest are up by a much higher amount. They'll include things like big screen TVs and mobile phones to lower the number, but technology is inherently deflationary since manufacturing costs are low and the initial high price is to recoup R&D. There is also a lot of room to fudge the numbers by picking different food items that may not have raised by much.

Damn_Underscore posted...

No because that person didn't create the idea of "inflation doesn't exist, it's just corporations price gouging" which is wrong

Ahh - so you've seen it before on CE? And felt that this thread highlighting corporations exaggerating the influence of inflation needed to be counterbalanced by that reminder?

Ruvan22 posted...

Ahh - so you've seen it before on CE? And felt that this thread highlighting corporations exaggerating the influence of inflation needed to be counterbalanced by that reminder?

I guess? This topic is just complaining about inflation so what?

everything expensive as fuck.

butter be like $6.

Robot2600 posted...

butter be like $6.

i saved 6$ by using 1 grocery reward.

Damn_Underscore posted...

I guess? This topic is just complaining about inflation so what?

The topic was about something a bit more specific than "inflation", as both the thread title and OP show - media mischaracterization of increased prices due ONLY to inflation.

Your post appeared to be deflecting - instead of disputing the OP created a strawman ('conspiracy of people saying there's no inflation).

They second post literally says Media doesn't wanna tell you about companies taking in massive profit and calling it inflation. That is how is how this treads into conspiracy territory and is a very popular belief on this board.

You in fact seem to be deflecting by arguing over semantics.

Damn_Underscore posted...

They second post literally says Media doesn't wanna tell you about companies taking in massive profit and calling it inflation. That is how is how this treads into conspiracy territory and is a very popular belief on this board.

You in fact seem to be deflecting by arguing over semantics.

You managed to post something that A) didn't answer why you thought this topic was "just complaining about inflation" (as you claim in post 30) nor B) refuted (or even engaged with) the OP's statement (media misrepresenting).

But to address this post - your saying I'm using semantics to deflect from the fact that CE that collectively maintains a conspiracy theory that there is NO inflation? I want to make sure I understand what you claim I'm doing.

Regardless, I will state that I *don't* believe CE has a collective conspiracy that there is NO inflation (just company greed).

Damn_Underscore posted...

CE's 'inflation doesn't exist' conspiracy theory is pretty damn stupid tbh

Damn_Underscore posted...

They second post literally says Media doesn't wanna tell you about companies taking in massive profit and calling it inflation. That is how is how this treads into conspiracy territory and is a very popular belief on this board.

You in fact seem to be deflecting by arguing over semantics.

What even is facetiousness? Jfc I didn't even imply that inflation didn't exist anyway.

And corporations are taking in record profit because they're pricing shit above the rate of inflation and that isn't a conspiracy. It isn't even a fucking secret.

I feel like food went up by at least 20%. But not everything else went up as much. Probably just averages 8%

Unknown5uspect posted...

What even is facetiousness? Jfc I didn't even imply that inflation didn't exist anyway.

And corporations are taking in record profit because they're pricing shit above the rate of inflation and that isn't a conspiracy. It isn't even a fucking secret.

Now that that's cleared, Damn_Underscore, your thoughts?

yall seen this video yet?

https://twitter.com/ntfkilla/status/1592559005549092864?s=46&t=n_vyIrXeNZl2QRzGt4Il2g

Corporate profits are sky high records during inflation.