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/biz/ - Business & Finance

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49667438 No.49667438 [Reply] [Original]

Is inflation really only 8,6%? i feel like prices raised a lot more than that.

>> No.49667480

>>49667438

You are not wrong, the inflation metric is lagging almost all actual in-store and at-market prices, along with producer price pressure.

>> No.49667501

Consumer staple stuff is up more but stuff you don't need is down which lowers the basket.

>> No.49667517

drove through texas late 2020 and saw gas at $1.69. 8.6% is disingenuous.

>> No.49667571

>>49667438
The basket of good they use to calculate inflation changes so they can massage the numbers to fit the government's agenda.

>> No.49667578

>>49667438
Inflation is only around 8-9%. Prices have gone up more on many items because of price gouging by corporations. Many corporations have come out and said they will raise prices until the consumer stops buying. Of course these price gouging corporations have excuses like shipping costs, product scarcity, worker shortages, covid,,l ect. They are lying though. The fact that these corporations are making record profits is proof.

>> No.49667635

>>49667578

This is not correct. Producer price inflation is much higher than inflation seen by consumers so if anything the corporations are taking a hit and consumers are getting off cheap. Producer price inflation is over 30% but CPI is less than 10%. The difference is absorbed by worse margins for corporations.
You are spreading objectively false information. You are either retarded or a victim of propaganda.

>> No.49667677
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49667677

>>49667438
The BLS uses flawed methodology to pretend inflation is lower than it actually is.. they use retarded shit like”substitution” ..you will eat chicken rather than stake and eudonivs ‘Excuse spelling] basically if the tv car or computer you buy has more features they reduce its cost ..also they have this bullshit rent calculation where instead of measuring real rents they ask property owners what they would rent property to themselves for ..no BS ..all this is approved and encouraged by the FED
The real inflation rate is 15%+ measured by Shadow stats who use the actual cpi calculation from 70s pic related ..THE GOVERNMENT LIES

>> No.49667755

>>49667438
theyre cooking the books dum dum
real numbers are probably closer to 20%

>> No.49667882

>>49667677
Checked. I'm a government statistician and this guy is 100% right.

>> No.49667890

>>49667635
You are a lying shill. Corporate are so fucking high due to price gouging the government is working on bills to tax them at a higher rate when their profits get excessive. The news has been full articles about theses record profits since the beginning of the pandemic. In short you are a liar trying to cover for corporate greed.

>> No.49667913

>>49667890
>Corporate are
*Corporate profits are

>> No.49668128

>>49667438
Inflation is 8.6 and anything over is due to Putin's price hike

>> No.49668201

>>49667438
They literally lie so people don’t chimp out like they did for toilet paper in 2020. Feds lie about everything anon, you think something like this is any different?

>> No.49668203

>>49667438
delusional state eunuch trannies play cymbals and dance in vile nitolic rites while they assume finger-on-the-finger-on-the-finger-on-the-scale data is GROUND TRUTH. YOU ARE GAY

>> No.49670086

>>49667438
CPI is a meme-metric since it accounts for substitutions even when they're not equivalent. So if something, let's say cornflakes, goes up 10% in value, but Kirkland Value Corn Cereal goes up only 8% then CPI takes the 8 and throws away the 10. Even if the previous basket had Cornflakes in it

>> No.49670152

>>49667438
yesterday i realized that the price of starbucks 28 oz dark roast coffee went up 33%. from $15 a bag in december 2021 to $20 a bag today, at walmart. my overall grocery bill has increased by about that much. yet the BLS/CPI maintains that food away from home inflation is "only" 10-11%. honk honk.

>> No.49670280

>>49667438
It feels like 20% to me. A 12 pack of topo chico used to be $9.99 now it's $11.99.

>> No.49670339

>>49670280
>>49670086
>>49668201
>>49667755
>>49667677
>>49667578
facts don't care about your feelings, stop larping as weimar germans

>> No.49670358

>>49667438
You probably have a bias too, it's almost impossible to remember the prices a year ago. They were higher than the year before that. And your comparison is some random price in the last 5 years probably, your gut feeling mixes these up and gives you a wrong comparison

>> No.49670368

Consumer prices are up 30% to 80%

>> No.49670464

>>49667438
Go check aggregated prices trackers and ShadowStats to get real inflation numbers.
Protip : most anons' feelings are correct, it's currently 20.3%

>> No.49670470
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49670470

>>49670358
pic related is from my walmart order history for an order placed on 12/13/2021. compare it to today's price of $19.24. https://www.walmart.com/ip/Starbucks-French-Roast-Ground-Coffee-Dark-Roast-28-oz/617205607 stop believing jewish lies.

>> No.49670490

Real number is 33% minimum

>> No.49670532
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49670532

8.6% are the cooked official numbers that discount a shit load of factors. Kind of lik they do with the w8 and unemployment. inflation is probably closer to 10,7 maybe even 11%

>> No.49670603

>>49667517
low iq

>> No.49670736

>>49668201
This "transitory" my ass

>> No.49670787

>>49670532
I don't care what inflation is at. I just want stocks to go up

>> No.49671007

>>49667438
That is a fake number, it's more like 12%, but energy is like 30%-50%.

>> No.49671140
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49671140

>>49670470
it's over

>> No.49671551

>>49670339
We don’t need to larp as Weimar Germans, because we already are.

>> No.49672924

>>49667438
The CPI is a load of garbage in and garbage out that they force feed us to try and reduce the perception of inflation. If they confessed that inflation is really around 15% to 20%, the bond market would instantly implode.

>> No.49672985
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49672985

>>49667438
I'm getting really sleepy you guys feeling this?

>> No.49673352
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49673352

>>49667438
>Is inflation really only 8,6%? i feel like prices raised a lot more than that.
Look up "hedonic regression" for a black pill

>> No.49673355
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49673355

>>49667438
Don't fall for their shit. This is the only inflation metric. There's 5% more money circulating now than a year ago, but 400% more than two years ago.

>> No.49673649
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49673649

>>49673355
>inflation = the expansion of the currency supply
FINALLY someone posts the right answer!

>> No.49674219

Cool it with the anti semitic remarks

>> No.49674280

>>49667438
I regularly see things cost 50-100% than what they cost 5 years ago