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.
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.
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.
Not really. Sorry but you’re playing pedantic with the terms. People say inflation to mean high prices.
People are not goldfish with minds that reset every year. Per your own link, accumulative inflation is up 21.8% since 2020.
No. If you would look at the graph in the link you posted, you would see that 2020 is right before the huge spike in inflation. This sustained spike explains the current outrage over increased prices.
Maybe it’s back down to “normal” inflation rates… But Kamala should have come out swinging to raise minimum wage to $25/hr, tie it to inflation, and mandating everyone get a 40% raise to counter the 40% inflation we’ve had since the last time minimum wage was raised. Something along those lines… As one thing in a long list of things she should have done… Sure it might have cost her the (checks notes) zero votes she was able to scrape off Trump’s boots, but that’s a sacrifice I’m willing to make.
so tired of hearing that
I’m tired of centrist claiming the econony is great and anyone claiming its not are stupid. grocery prices rose 28% in 5 years: https://www.nerdwallet.com/article/finance/price-of-food
Mcdonalds prices are up 40% in the same period. https://www.cnbc.com/2024/05/29/mcdonalds-cost-increases.html And they doubled over the last decade.
Wages growth did not keep up with the last decade, or the last 4 years. People are constantly losing ground and Biden/Harris’s reply was that “they dont understand”, because the “stock market was at an all time high.”
Tone deaf and privelaged, and even after losing Biden/Harris and their allies still dont get it and wont self examine.
I’ve never claimed to be a centrist. Very far from it. Grocery prices went up, yes. Grocery prices are now going up at a normal rate. That’s all I’m saying here and people are losing their minds.
What do you think the economy is? It is made up of price gouging and parapsychology <yes I know that’s ghosts>
You do realize that inflation is cumulative right?
It’s out of control because some of the stuff we need on a daily basis still costs double what it used to without any real increase in wages for half of America.
I do realize that. Wage growth is also cumulative, and wages have caught up to balance out the current higher prices: https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/#the-job-market-has-cooled-more-than-expected-this-year
That’s only one source from a quick Google, and I assume they’re average numbers, so some people will have less purchasing power than pre-2020.
Okay either you’re not getting it or you’re ignoring it on purpose. If wages in 2023 met inflation, there’s still 2022, 2021, 2020, 2019, 2008, 2009, etc where they didn’t.
Unless wages beat inflation that’s not getting better. And wages beating inflation years later is literally too little too late. Because we finance so much stuff this means years of delayed cars, houses, remodels, tax income (for cities), etc.
That’s not fun on its own, but then to find out companies leveraged the supply crises to keep raising prices long after it was over and caused more inflation by their greed is infuriating. Especially to then hear Democrats try to take a fucking victory lap on it.
Democrats were told all of this back in early spring and ignored it. And now Democrats have lost the election in large part because they never stopped trying to take a victory lap. The country told you it’s still hurting and you’re still here trying to patch up family finances with top line statistics that don’t mean shit.
Oh, it’s not out of control? Great! I could buy a pound of ground beef in 2019 for 4.99 and the price is now 8.99. Fuck, lucky me. It’s so in control!
Right but those are grocery prices not inflation.
Reducing inflation doesn’t mean prices go down.
You can be upset about the cost of living but the current rate of inflation is trending down so you’re going to have miscommunication if you demand it’s reduction when that is already happening.
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
The vibesession says otherwise.
