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re: A normal person explanation of “inflation is down”

Posted on 8/15/24 at 12:50 pm to
Posted by Flats
Member since Jul 2019
28131 posts
Posted on 8/15/24 at 12:50 pm to
quote:

How can people be so dumb? It’s amazing how stupid the general population is.


And yet we’re supposed to believe that “more people voting” is a good thing.
Posted by GBPackTigers
Louisiana
Member since Sep 2009
1642 posts
Posted on 8/15/24 at 12:50 pm to
quote:


Corporate greed is the reason for inflation. Harris plans to take a stand against high prices in the grocery stores.


Frick me. No way we have voters this dumb. No way
Posted by Figgy
CenCal
Member since May 2020
10344 posts
Posted on 8/15/24 at 12:55 pm to
quote:

Corporate greed is the reason for inflation.


Well I don’t know about the rest of you but that is the most convincing argument I’ve ever seen. Thank you for changing my mind on things, comrade.

quote:

Harris plans to take a stand against high prices in the grocery stores.


Oh hell yes!! frick those multinationals and small businesses.


Posted by mikesliveisacheater
Member since Nov 2009
1476 posts
Posted on 8/15/24 at 12:58 pm to
But I like the 245 guys use of the real percentages and calculation break down because it shows that even though it was down .5% in 2022, it was only .1 lbs difference because of the compounding effect.

It helps give a visual illustration on how they can make something complicated to the average American in order to report something that looks better than it really is.

Posted by NashvilleTider
Your Mom
Member since Jan 2007
15721 posts
Posted on 8/15/24 at 1:00 pm to
I had to pick up something at the drug store today and the prices of everything were insane.
Posted by Willie Stroker
Member since Sep 2008
16636 posts
Posted on 8/15/24 at 1:44 pm to
quote:

How can people be so dumb? It’s amazing how stupid the general population is.

Look at what the popular vote has been voting for- whichever candidate promises less work and more of something else they don’t have to work for. And if you don’t want that for society, you’re racist.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
41538 posts
Posted on 8/15/24 at 1:56 pm to
inflation is down but even down, 4.3% is higher than almost any year since the mid 80s.

Prices never go down. Simple as that. The rate is down from the peak but still higher than almost any year over year rate in the last 35 years.

Prices remain high and they always will. Trump could give free oil to everyone and Prices wouldn't come down but the inflation rate would. Wait, no it wouldn't because people would have extra money to spend which would lead to inflation.
This post was edited on 8/15/24 at 1:58 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
182283 posts
Posted on 8/15/24 at 1:59 pm to
quote:

Harris plans to take a stand against high prices in the grocery stores.


Why doesn't she do it now? She is VP currently
Posted by bbvdd
Memphis, TN
Member since Jun 2009
28657 posts
Posted on 8/15/24 at 2:04 pm to
quote:

Corporate greed is the reason for inflation. Harris plans to take a stand against high prices in the grocery stores.


Would you like to discuss the producer price index?
Posted by GruntbyAssociation
Member since Jul 2013
9706 posts
Posted on 8/15/24 at 2:31 pm to
quote:

Corporate greed is the reason for inflation.


No, printing money is a huge part.
This post was edited on 8/15/24 at 2:34 pm
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
77625 posts
Posted on 8/15/24 at 2:34 pm to
quote:

Eh... it's no different than "budget cuts" with congress... they don't actually generally cut anything... they reduce the rate of increase and then get slammed for "cutting the budget".


Bingo.

Department of Redundancy Department 2024 budget = $10B

Requested 2025 Budget: $20B

2025 Budget for Dept. of Redundancy Department approved by Congress: $15B

Net increase year over year: 50%, yet they scream about their budget being cut by 25% when compared to how much they asked for.
Posted by Swamp Angel
West Georgia Chicken Farm Territory
Member since Jul 2004
10173 posts
Posted on 8/15/24 at 2:59 pm to
quote:

It’s amazing how stupid the general population is.


George Carlin was spot on in saying: "Take a look at the average person and you'll notice how stupid they are. Now think about it for a moment... half the people that exist are dumber than them!"
Posted by Jimmy Montrose
Lake Highlands
Member since Aug 2021
1462 posts
Posted on 8/15/24 at 3:26 pm to
Inflation is the rate at which prices for goods and services rise.

Hence, inflation is down if it was at 20% and is now at 10%



Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41082 posts
Posted on 8/15/24 at 3:43 pm to
quote:

Instead of reporting “the rate of inflation is down”, they instead report “inflation is down

They don’t report it the way you want them to because it would be nonsensical.

The inflation metric is already a rate of change metric.


Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
89020 posts
Posted on 8/15/24 at 3:49 pm to
quote:

Corporate greed is the reason for inflation. Harris plans to take a stand against high prices in the grocery stores.


If this happens, I hope you fricking starve because you can’t get food. It might teach you the error of your thinking.
This post was edited on 8/15/24 at 3:49 pm
Posted by Strannix
C.S.A.
Member since Dec 2012
53712 posts
Posted on 8/15/24 at 3:54 pm to
quote:

that would be deflation and you don’t want that.


I do
Posted by Sweep Da Leg
Member since Sep 2013
3590 posts
Posted on 8/15/24 at 3:57 pm to
Yes we do want deflation jackass or do you want to pay out the arse for groceries.
Posted by CougarBait
on catnip in a cougar's den
Member since Jun 2007
2027 posts
Posted on 8/15/24 at 6:08 pm to
( Yes we do want deflation jackass or do you want to pay out the arse for groceries.)

Not a jackass, just know how economics work. You won’t have the money or a job to pay for cheaper groceries in a deflationary cycle. I’m not trying to teach Econ 101 today, just trying to help you understand how inflation works.
This post was edited on 8/15/24 at 6:20 pm
Posted by CitizenK
BR
Member since Aug 2019
15696 posts
Posted on 8/15/24 at 6:49 pm to
In getting new prices for a project on hold. Price escalation for new industrial process equipment is 50+% over prices from 2019.
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