0.1% inflation for March

I said as much....

And yeah, I cut out a lot of ancillary crap because companies have increased prices under the guise of cost increases. Most people I know whine about the cost of leisure and non necessary food items and the continue to pay their prices.

 

I think it is more the expectation that Coca Cola should adjust their prices to your liking. Corporations are literally graded by their shareholders on how profitable they are. Good on you to cut it off if you think the prices are too high. They’re obviously not too high though if they’re making record profits. Tbh, it sounds like to me if companies like Coca Cola are still taking in record profits these days that we didn’t really need that stimulus money. Can’t blame Coca Cola for making their shareholders happy.

 

So all the losers who incessantly complained about fuel costs and “Bidendflation” while driving a truck that gets 12mpg should STFU? Cool. Glad we agree.

 

If you think it’s only people driving pick up trucks that get 12 mpg that are complaining about gas prices, that just illustrates how out of touch you are. And no, I’m sorry, but fuel is fuel and Coca Cola is essentially liquid candy. The US could easily kill fuel costs by driving production and becoming a net exporter again. One is a necessity, the other is something kids like to drink at birthday parties.

 

Biden lackeys latest scapegoat for inflation: Coca Cola.

Can’t. Make. It. Up.

 

It's not 250%.
This reminds me of a running dispute on WDAE concerning "above 500".
If a team wins their first 10 games, as the Rays did, they are said to be 10 games over .500 (50%) meaning that if they lose their next 10 games they would still be .500. Some of taken issue saying that 1/2 of 10 is 5 and they are only 5 games above that so it should be 5 games over 500.
Everyone knows what they mean and after that it doesn't matter. Just like you and your debate partner people want it stated in the manner that makes their support or dislike of Rays/Biden seem
correct.
I'm 64. I hope inflation is being tamed. I want to feel good about retiring. The way things have been looking I'm not sure I will ever have "enough".

 

Oh. I digress. 400% increase. A 400% increase in inflation from March to April. Biden’s America…

 

Yes, I get businesses and transport sector uses fuel. But the guy driving the 12mpg truck is driving that fuel inflation. You prefer to pretend they are not? I guarantee you the morons that were vandalizing gas pumps with those “I did that” stickers aren’t driving normal cars.

The funny thing is you say the U.S. should be a net exporter “again” like this is something Biden stopped. In reality, the U.S. may become a net energy exporter in ‘23, and if they do it would be the first time since WW2 that happened. That’s good news short term, probably not a sustainable arrangement. Esp at the rate America consumes.

 

If 60% of Americans think the economy is bad and 100% of right-wingers think the economy is bad you think that means 60% of Americans are right-wingers? I bet you had a lot of trouble with the questions on the SAT that deal with boolean logic.

 

Great point! And thank you for the extra color on this “non-story.”

 

That sailed right over your head, I see.

 

Try again…

The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years

 

Already using ChatGPT? You didn’t take my advice and get some rest, did you? Shout out for actually admitting the ChatGPT usage, however.

 

High egg prices send profits at largest US producer soaring more than 700% | CNN Business

Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices.

The company, which controls about 20% of the US egg market according to Reuters, said its average selling price for a dozen eggs in the quarter ending February 25 was $3.30, more than double the average of $1.61 a year earlier. Despite the higher prices, the total number of eggs it sold edged up 1%, so its overall revenue rose 109% to $997.5 million.

That doubling of revenue was nothing compared to its profits, however. Net income soared to $323.2 million from only $39.5 million a year ago.

 

I think it’s part of the discussion on inflation. I didn’t even really see inflation in food, but that’s because I buy very few “packaged” products. I kind of lol at people as they were complaining about $3 or $3.50 gas or complaining about eggs (which was actually caused by an Avian flu, not “Bidenflation”). But if a person going to be broken because a dozen eggs is $5 instead of $3 I’d suggest that is a “you problem” either way, it’s still ridiculously cheap.

I think into ‘22 the inflation started getting more visible as the “big food” manufacturers stated passing costs through in their packaged goods. I think Coke is just an example product. He could have just as easily cited Kraft or Kellogg’s. Packaged cereal seems to be a category where there was alot of inflation. Seems to me if you buy a lot of packaged products from “big food” or fast-casual dining you probably saw inflation as higher than people who tend to eat more freshly prepared foods rather than packaged. The point is a lot of it is profit/margin expansion for big food, rather than true “inflation”. Although not all are able to expand margins as easily as Coke for whatever reason.

 

So do you think energy prices were not “true inflation”, and instead just greedy corporations raising prices?

 

No, the point was that no one said that 60% of Americans are right-wingers. If 60% of the country thinks the economy is bad, and I say 100% of right-wingers think the economy is bad because the president is a Democrat, that doesn't mean that I am saying 60% of Americans are right-wingers. You are unable to understand that.