Inflation

[DSM Turbos]

My wife spent $4 on a QUART of milk. At least it was “Bobby approved” *sarcasm*

If I ever meet this Bobby guy in the street…

*not sure if this belongs in the inflation or the things that suck ass thread

What kind of milk do y’all buy???

 

[jeepinmatt]

What kind of milk do y’all buy???

Bobby milk apparently. Booby milk is better. Or so I've heard.

 

[RatLabGuy]

What kind of milk do y’all buy???

 

[benXJ]

Went to food lion yesterday...I go once a week and usually buy the same things.... yesterday was the first time I noticed substantial price increases on most things I buy. I'd seen 25-50 cent increases....but into the dollars now.

 

[83oldyoda4x4]

Went to food lion yesterday...I go once a week and usually buy the same things.... yesterday was the first time I noticed substantial price increases on most things I buy. I'd seen 25-50 cent increases....but into the dollars now.

Have you not been paying attention to the totals before you swipe your card?

 

[awheelterd]

Food inflation doesn't count, duh

 

[benXJ]

Have you not been paying attention to the totals before you swipe your card?

Yep. I pay attention to all prices all the time. I've watched it creep a few cents here and there over the past 6 months....but saw some 50 cent to 1 dollar increases per item over 1 week. On lower priced items. Large percentage increase.

#transitory

 

[drkelly]

 

[RatLabGuy]

View attachment 382702

This is year-year data right? What are the orange vs red lines?
Lets not forget that it stacks up, too. So when its 5% in mid 2021 and 9% in mid 2022 that means things are 13% more in mid 2022 than they were in mid 2020.

A quick increase in inflation is painful, but having that rate stay constant is what really hurts.

 

[drkelly]

This is year-year data right? What are the orange vs red lines?
Lets not forget that it stacks up, too. So when its 5% in mid 2021 and 9% in mid 2022 that means things are 13% more in mid 2022 than they were in mid 2020.

A quick increase in inflation is painful, but having that rate stay constant is what really hurts.

Fixed the picture to include the line information.

 

[jeepinmatt]

Fixed the picture to include the line information.

Glad I read on down. I was about to tell @RatLabGuy how much of a tard he was since it was right there in the pic!

 

[RatLabGuy]

Glad I read on down. I was about to tell @RatLabGuy how much of a tard he was since it was right there in the pic!

That doesn't man you'd be wrong.

 

[jeepinmatt]

That doesn't man you'd be wrong.

Never said you weren't, just decided not to break the news

 

[DSM Turbos]

Fed hikes interest rates again. Will it slow them down now?

The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.

www.usatoday.com

get ready for almost 8% mortgage rates.

 

[jeepinmatt]

Fed hikes interest rates again. Will it slow them down now?

The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.

www.usatoday.com

get ready for almost 8% mortgage rates.

A wise man once told me: "If it's predictable, it's preventable." He did not work for the Fed.

 

[Jody Treadway]

Fed hikes interest rates again. Will it slow them down now?

The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.

www.usatoday.com

get ready for almost 8% mortgage rates.

Relax bruh, it's transitory

 

[Ron]

Fed hikes interest rates again. Will it slow them down now?

The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.

www.usatoday.com

get ready for almost 8% mortgage rates.

heck yeah.
cant wait.

 

[awheelterd]

Facebook parent Meta planning massive layoffs this week: report

Facebook parent company Meta Platforms is planning to let go of thousands of employees this week, marking the first wide-ranging layoffs in the social media platform's history, the Wall Street Journal reported Sunday. The cuts add to broader reductions across the tech industry, with Twitter...

news.google.com

I hope this shutters the rtp campus! Giggity giggity!

 

[drkelly]

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says

Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.

www.cnbc.com

 

[Jody Treadway]

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says

Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.

www.cnbc.com

Color me shocked.
Record inflation, shrinking number of people actually working due to numerous reasons, .gov handouts, continued student loan can kicking down the road, MSM telling us we're all victims of capitalistic greed, amoong other things contribute to the issue.

 

[DSM Turbos]

So I shouldn't just keep charging stuff on my credit card to maintain my appearance on social media of having it all?

 

[awheelterd]

I like how we don't include food or energy in the inflation numbers. I spend way more on food each month than any regularly purchased anything, but it's constantly rising cost somehow doesn't count.

 

[benXJ]

I like how we don't include food or energy in the inflation numbers. I spend way more on food each month than any regularly purchased anything, but it's constantly rising cost somehow doesn't count.

There are many reasons to not trust any gov't agency or employee...but this is one of the main reasons.

 

[jeepinmatt]

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says

Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.

www.cnbc.com

"Robust consumer demand" aka "rampant spending whether they can afford it or not"

 

[drkelly]