AOC says inflation is propaganda

I did show proof. Also posted some yesterday. Go look. LOL at the "cherry picking" of specific food items. Those are things most people buy at the store.

 

You did not. You said ask people. That isn't proof. And if they are the things people buy the most, they will be weighted as such in the CPI. That is how CPI works.

 

I did. I don't have time to repost data from before because you are too lazy to go back and read.

 

The data would be the selected but incomplete group of food products with their data taken directly from previous CPI reports that you posted in post 85, right? Do you realize the irony of trying to disprove the totality of updated CPI data with a subset of the less updated data from the CPI?

 

LOL. You asked for proof. I posted proof. Tough L Sporto.

 

So you actually think that data taken from some subset of food items in CPI is proof that the CPI is wrong in general? Okay then. Good luck convincing people of that. I'll just accept your tell as proof that you likely know you are wrong, but are too entrenched to admit it now. Good luck in your future endeavors on this thread.

 

Actually, I think it’s the opposite. The people most impacted by and that perhaps complain most about inflation don’t shop (as much). If they shopped fresh foods more routinely they would see the ups and downs of dairy and meats and produce. Instead, they just see the price of their Chipotle Burrito went up way more than the stated inflation rate so they assume real inflation must be much higher.

Young people and poor people tend to eat alot more fast food and buy more junk foods even when in the grocery store, so in an unfortunate way they are also getting hit more by inflation - because those are also the food products with the worst inflation.

 

Honestly if you can't feel the pinch on inflation over the last 3 years, you are out of touch. Rep. Cortez is out of touch. So are many here.
-Pre-Pandemic vs today. My mom is OCD on keeping track of prices.
-We could buy a pound of 80-20 ground chuck for $.79/lb regular price pre pandemic. Today it is $5.99.
-We could buy a dozen eggs for $1.29. Today it is $3.99.
-We could buy a gallon of gas for $2.79. Today it is approaching $4.00 and rising.
-Car insurance has doubled to insure the same two cars and the same two drivers with no claims or tickets
-Homeowners nearly doubled - no claims

But in the penthouse of the ivory tower, people argue about 3% vs 2% inflation and all this other horseshit. Congrats Red-Blue oligarchy, you are winning.

 

The issue is a lot of that data isn't true. For example, the price of ground beef prior to the pandemic was 3.865 (February 2020) and today it is 5.076. I suspect that is because of common biases in memory, i.e., you remembered some very cheap beef prior to the pandemic and some very expensive beef afterwards to make a point.

Regardless, there was substantial inflation in 2021-2022, but it has been slightly above target for the last year.

Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average

 

Thanks for exemplifying the last sentence of my post.

 

No doubt the overall cost of living has increased, especially for young people or non-homeowners (those suffering higher rents are obviously feeling more pain than those with locked in mortgages or paid off property).

That is the thing with CPI. It’s just taking about consumer prices. It’s the veritable shopping basket. It isnt looking out at other dichotomies, like homeowners vs. non- homeowners or FL’s specifically whacked out insurance markets.

 

Meanwhile the title of the thread . . .

 

All I am calling for is accuracy (i.e., beef was not less than a dollar prior to the pandemic). Arguing from the point of inaccurate numbers, as you did in that post, is not a fruitful endeavor.

 

Some might call such distortions…propaganda.

 

LOL. I posted proof, you didn't like the proof. That's a you problem. Oops.

 

LOL, Being off on one price increase is now "propaganda". Sure. Head back in the sand!

 

The only way the bartender would feel a pinch is if the congressional foot buffer suddenly went up on their prices.

 

No issues for me. Probably 50/50 wifi/data ratio.

 

It is funny to insult her both for being a dilettante and also insult her for having a job you consider beneath a certain station at the exact same time.

 

I guess I'm just alone in thinking grocery bills are higher than what some on here think. Oh wait, 84% agree with me about costs being up, while 49% say food costs are the biggest issue. I guess we are all wrong LOL.

Despite good data, American attitudes about the economy remain gloomy

Inflation getting better? Americans don't see it.

There's a national consensus that the cost of living is still rising: 84% said so. Just 4% said prices were easing, barely above the poll's margin of error. Half of those who see inflation continuing, 49%, cite the cost of food as the biggest culprit.