AOC says inflation is propaganda

I'm not cherry picking data points, 3%, or 1% above the target, is the number published across the board for "all items" ... yes, the report literally says "all items" on that line ... that's the opposite of cherry picking.

 

And you still continue to ignore the prior years, as if they didn’t exist.

Kind like the budget jumps 50% due to covid but now it only went up 5% and saying, well we cut the rate of budget increases by 85%, we are doing so well…

 

Sure they existed ... we had a bad few months a year or two ago ... things are moving in the right direction, again ... what's your point? That I should hold a life long grudge for what happened in 2021?

 

When you flush the toilet things move in the right direction.

 

These posters can't figure that out. Too obtuse or ignorant. They won't even address shrinkflation either. Anyone thinking a grocery bill is only up $6 on a $200 bill is an idiot or hasn't shopped in 2 years.

 

Classic strawman ... inflation is measured as a one year period ... by adding "2 years" to your post you are trying to win an argument that no one else is making. Nice try, but swing and a mess.

 

LOL. You still think that if you went to Publix this time last year and today that the difference would only be $6 for the exact same list of goods. When someone is this far out of touch in reality the only course of action is to laugh and move on.

 

If you never shop...it never happened?

 

It is interesting as the people argue inflation isn’t bad or non existent are the same people saying crime, specifically violent crime is not actually increasing and to ignore your lying eyes.

i see and hear a lot of injury law advertisements. Morgan and Morgan etc. can’t turn on tv or radio without hearing 2 or 3. I have noticed a shift and these attorneys are now running ads “if you were a victim of a violent crime on someone else’s property to call “. So rather than slip and fall at Publix in frozen foods it’s now mugged or carjacked in Publix parking lot to call Right away. Now I wonder why they would run those ads?

 

I'm not saying that, the fed report is. If you think Publix is ripping you off with price gouging -- and they probably are, try aldi or winn Dixie.

 

LOL. You said above that if you paid $200 last year you only will pay $206 this year. You LITERALLY said it. Here is the post if you are having memory issues.

 

And, according to the report, over the last year, there has been a 3% increase in the price of a basket of food, weighted based on average consumption. That would mean a $200 basket would increase to $206, if you were buying a basket of food items that perfectly matched the average consumption of food. That is what the data is saying.

 

I switched to Cricket wireless.

Seriously.

Owned by ATT. Uses the full ATT network.
$100/month TOTAL for 4 lines. (Includeing taxes and fees!) Unlimited data. No contract, cancel whenever you want. (You do have to buy your phone or bring one.)

You can get last years phones on Amazon for a song. Or get an upgrade every 2 years through Cricket at a really good discount. I save over $100/month from what I used to pay Verizon.

I told my brother in law this once and he just laughed and said, I'm not using something called "Cricket". I said, OK... who are you with? He said ATT. I just laughed and said, you are literally paying double for the name the top of the bill. Its all still ATT! All ATT phones are already set up to work on Cricket and the network is identical. In fact an employee at the store told me there is internal talk about dropping the ATT name from their cell business altogether

Vanity is a strange drug.

Cricket is the phone equivalent of cutting the cord.

 

I think its more accurate to say that inflation is partially the effect of companies raising prices just because they could under the cover of talk about “inflation,” and then the government’s endorsement of these claims by reporting on inflation without pushback, thereby knowingly or unknowingly justifying the unjustified price increases. It becomes a self-perpetuating circle.

There’s been a ton of reporting on this where reporters have sat in on earning calls for publicly traded companies where they admit that they are using the perception of inflation to raise prices and increase profits though they don’t necessarily have to. It’s a felony to lie on an earnings call so they are often the best source of info, provided someone is these to ask the right questions.

I think what she said was poorly worded or needed more context but fundamentally she was not wrong.

 

Thanks for pointing that out, I had no idea that's what they were trying to convey...

I'm saying it's wrong. Go ask anyone who actually goes shopping. It's not a $6 from last year. Sure, you can grab a basket of some crap at the store and make it only increase $6 year over year, but getting staples like bread, butter, meat, fruits and vegetables is no where close to only $6. And no one is even addressing shrinkflation. Again, people like to act like it's not an issue. It indeed is an issue.

‘Shrinkflation’ still hitting store shelves

 

I'll look into Cricket. Thanks.

 

I will say that the downside of those deals is that they often prioritize the more expensive "flagship" customers in times of heavy network usage. But if you don't make many calls and utilize wifi for most activity, it can absolutely make sense.

 

And here is someone who compared Aldi from 2022 to 2023. Again, Let me know where the 3% inflation is...

 

If you have some actual data to prove that food overall has gone up by more than claimed, you can feel free to present it. But if you cherry pick specific food items, as you have done here, that is not evidence of what has happened to the average basket of food. Also, CPI is calculated not by package size but by some standard unit of measure (e.g., bread is per pound). So that handles shrinkflation.

 

Sounds like you had a major breakthrough here. Apology accepted. But for what it's worth, I don't think anyone cares if random anonymous internet poster Gator 95 thinks it's wrong... That's the report... Seems dumb to claim the past reports of high inflation are right, but the newer reports of lower inflation are wrong, when they use the same methodology