Reddit post about inflation numbers being fake

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They say that the government lies

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They say that the government lies and changes items out that have inflated too high

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I don’t think anyone is terribly surprised at this.

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We won

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Oh good. The rate of inflation isn’t going up as fast. Still doesn’t undo the inflation that has already occurred and still yet to come.

These people are such jackasses.

"I eat my own shite to save money, im still spending 50% more a week"

It used to be Cost of Goods (COGI) and changed to Cost of Living (COLI).

The change was supposedly because if items get too expensive then people just won’t buy them - according to Russian economist A. A. Konüs.

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Oh good. The rate of inflation isn’t going up as fast. Still doesn’t undo the inflation that has already occurred and still yet to come.

These people are such jackasses.

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Taking 10 steps backward and 2 steps forward is progress!

-Dems

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I put everything from a stick of gum to meals on a credit card. I’ve done this for well over 15 years. I usually just buy necessities. I haven’t done the exact math but 50% increase seems VERY accurate. And it hasn’t gotten better as of late.

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Exactly. They hang their hats on things like eggs or chicken breast coming back down. But I can give specific examples of things families buy often that jumped in price after covid and have not dropped a penny in price:

Great Value
Light Ranch Dressing, Dill Pickles, lunch meat, various sliced cheeses
these are all all up 30-50%. It doesn't sound like much but Great Value dressings all jumped from $.92 to $1.97 around 2021. That's over 100%!

Lunchables are up 30%
Family Size Doritos and Fritos are up 35% since 2021.

All frozen things from french fries and peas to hot pockets and pizzas are up 35% and MORE.

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The stock market can’t be stopped right now. Just goes up and up. There has to be something that would trigger a major crash but idk what right now.

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There's a marketing crash in the making right now. It's been the case for a while, but it's becoming undeniable with AI. General rule of the internet is that engagement drives revenue- companies pay for it based on views/clicks/etc. There have been content farms (imagine warehouses full of iPhones) in China and India for many years, and they're used to generate views for certain YT channels. Now with AI, anyone who knows how to run a basic script can generate views in the equivalent of a content farm in China. There are AI comments all over the internet these days. Some are pretty obvious, but it's clear it's extremely widespread

When you think about how much "marketing" and "information" (basically goes hand in hand) generates in the West, and then think about all of it is basically worthless now.... that's our crash

I think they have also revised virtually every jobs report down after the fact. It goes:

- Loudly release jobs report touting growth (with most jobs being govt jobs that add nothing to our GDP)

a few months later

- Revise down the report, quietly