re: Somebody please explain the supposed bullshite 8.5% inflation rate

quote:

---

sooo, nailed it? got it. grats’ on that 3 bedroom 2 car garage in cookie cutter suburbia. big timing!

---

If I let you see my rates of return and net increases, you would beg me to invest your money. Hell, you might even ask to suck my cock. I would say no to that though since I am straight. But since I like you, I would have your account set at the friends and family rate of 3 and 30.

i appreciate the offer, but i’ll pass.

so, you would say that you’re sooo rich that inflation hasn’t effected you in any way huh?

quote:

---

TVs and patio

---

So you are identifying things that we buy about every 3 to 4 years?

I found some good deals on the side of the road as far as patio furniture goes. The price of TVs is up I don't know the percentage but it's definitely up.

quote:

---

Did you expect each and every item to be raised 8.5%? Some items are up 3%, other things are up 10%. Inflation effects different items differently

---

Why is this getting downvoted? You can question whether it is higher than 8.5%, but there will be variations among products.

And to the OP, the 8.5% is probably this month relative to last year. So that doesn’t take into account anything that happened before this time last year. So if you are really looking at your dog food price for say June of last year, and maybe there was a big jump between June and August, that jump wouldn’t be priced in because it would already be in the basis of the August inflation calc. That is, the year before May have been 8.5% as well, so the raw figure ignores any sort of compounding, it’s a moment in time calc that requires context.

In an inflationary environment the figure they are using will be padded by the fact there is more inflation each period. In other words, unless the figure goes negative, prices are still increasing.

quote:

---

Could be the price increase of the ingredients. Grain is high as giraffe arse

---

As is meat and meat by products. And energy/electricity. And labor. And freight. Grain + a little meat + energy + labor + freight = a bag of dog food on the shelf.

quote:

---

The OT has been telling me for over a year that the bottom is going to fall out of the new and used auto prices. I’m still waiting.

---

Same here bro.

I do think it's coming.....

quote:

---

I spend about an hour each day reading financial information and news to make money off the current inflationary and political environment instead of wasting my time on bullshite sports stories or crying about the price of dog food.

---

Can you give us some info on what you are doing right now to make money off of the current economy

double-post