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Inflation and Shortage Observations

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1 hour ago, Mike030270 said:

 

It will still be Biden's fault a year from now when its back to record levels too.

  • Replies 3.1k
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On 2/12/2025 at 1:09 PM, Paul852 said:

I'm still confused why people thought Trump would have any answers. "Things were easier 6-8 years ago" is not a solution to the problem. Circumstances changed drastically due to things that had nothing to do with the president. 

Because a lot of people take the simp approach of "it happened under his watch it's his fault." Even though the united states was not the only country that had high post pandemic inflation and handled it better than other countries like Turkey and Russia. People were desperate for lower priced groceries, they believed his 💩 even though most intelligent people know that congress, especially a republican controlled congress, is not passing regulations to cap their profiles. 

DOW down 1300 in two days.  Trump is doing just great.

  • 1 month later...

So much for egg prices... Trump achieved a a new record high!

 

11 minutes ago, toolg said:

So much for egg prices... Trump achieved a a new record high!

 

wait, didn't poordon gekko say that prices were plummeting just the other day? 

5 minutes ago, Alpha_TATEr said:

wait, didn't poordon gekko say that prices were plummeting just the other day? 

Down one day, up the next! That's the new normal in Trump's America. You don't know what to expect. No consistency.

https://data.bls.gov/timeseries/APU0000708111

Consumer Price Index Average Price Data

 

Series Id: APU0000708111
Series Title: Eggs, grade A, large, per doz. in U.S. city average, average price, not seasonally adjusted
Area: U.S. city average
Item: Eggs, grade A, large, per doz.

Graph of APU0000708111

How long until Trump abolishes Bureau of Labor Statistics? Consumer Price Index?

36 minutes ago, toolg said:

https://data.bls.gov/timeseries/APU0000708111

Consumer Price Index Average Price Data

 

Series Id: APU0000708111
Series Title: Eggs, grade A, large, per doz. in U.S. city average, average price, not seasonally adjusted
Area: U.S. city average
Item: Eggs, grade A, large, per doz.

Graph of APU0000708111

Most economists would classify the prices as sky high, similar to the current levels of inflation.

2 minutes ago, we_gotta_believe said:

Most economists would classify the prices as sky high, similar to the current levels of inflation.

Hopefully the market is at least keeping up.

4 minutes ago, Paul852 said:

Hopefully the market is at least keeping up.

almost back!!! 

39,365.01−1,243.44 (3.06%)

2 minutes ago, Alpha_TATEr said:

almost back!!! 

39,365.01−1,243.44 (3.06%)

No, no. Dig "up" stupid.

  • 1 month later...

they didn't ditch anything. they lowered the percentage chance from over 50% to just under 50%.

consensus GDP growth in 2025 is 0.5%. a number any other president would be rightly crushed by considering how much of that tepid growth number is directly tied to Trump's actions.

the guy has strangled our economy and you're lauding him for letting it gasp for a little air. idiots.

14 hours ago, It Hurts said:

clickbait works

  • 3 months later...

Jim's Steaks forced to raise prices to keep up with Trumpflation.

They were forced to close after the fire. Had sticker shock when they reopened:

We raised our prices accordingly. When we closed our prices were $11.49 for a cheesesteak. Now they're $13.49 for a cheesesteak.

And now we're seeing them [prices] move back up as the summer months continue. Almost up a dollar more than it was this time last year. Our strategy is, right now, just absorbing the price and hoping that we see a reduction after the summer months are over.

If we don't see a price point drop we're going to have to increase our price to our consumer.

All of the other costs are going up. Cost of employees goes up. All the other staples that we use have increased since we've reopened.

15 minutes ago, toolg said:

Jim's Steaks forced to raise prices to keep up with Trumpflation.

They were forced to close after the fire. Had sticker shock when they reopened:

Very unfortunate. Price of beef went up from $4.68 in July 2022 to over $7 a pound in May 2024. Now it’s about a dollar more than it was last time this year. Sounds like it went up about 15% since last year, after it going up almost 50% in the two years prior. Very interesting to see how they raised their prices, but not by enough to cover the full additional price rise.

1 minute ago, RPeeteRules said:

Very unfortunate. Price of beef went up from $4.68 in July 2022 to over $7 a pound in May 2024. Now it’s about a dollar more than it was last time this year. Sounds like it went up about 15% since last year, after it going up almost 50% in the two years prior. Very interesting to see how they raised their prices, but not by enough to cover the full additional price rise.

Anecdotally I am seeing companies take a short-term hit. Whether it's because of long-term planning, or they can stockpile supplies at lower prices, idk... But if wholesale prices don't come down, they have no choice than to pass it on to consumers. Retailers like Wal-Mart with razor-thin margins are passing rising costs off sooner.

  • 5 months later...

May be an image of text that says 'Max @maxtmcc Follow I've noticed that inflation has not causeo the boomers to update their schpeal. They're still throwing 2012 prices around. "Maybe you could afford a house if you stopped buying $7 fancy sandwiches" and it's like. that's actually a pretty reasonable price for a sandwich'

2 minutes ago, toolg said:

May be an image of text that says 'Max @maxtmcc Follow I've noticed that inflation has not causeo the boomers to update their schpeal. They're still throwing 2012 prices around. "Maybe you could afford a house if you stopped buying $7 fancy sandwiches" and it's like. that's actually a pretty reasonable price for a sandwich'

Boomers don't update sheet. They still tell Bill Clinton jokes. Procus thinks Obama's still President. Basically, they're all ancient at this point and their minds are gone.

Menu: Steve’s Prince of Steaks

Steaks

Plain   $14.09
Cheese   $14.96
Pizza   $15.88

image.png

He has no clue.

30 minutes ago, toolg said:

image.png

He has no clue.

Dude, I bought gas yesterday for 2.87 a gallon. 36 years ago when I bought my first tank of gas in another state it was 99 cents a gallon. Guess we should dig up Bush and re-elect him.

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