The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
As I’ve pointed out elsewhere, that’s not inflation. That’s a lack of purchasing power, not inflation which is a loss of purchasing power. We lost that purchasing power over 2022 and 2023, but the difference in price between November of 2023 and now is relatively small.
I literally just bought these three items earlier today. I spent 8.
High end of $20 is either exaggerating, or you’re buying some fancier foods than me.
These are dollar store brands. $4 milk, 4 bread, 4 eggs, $12+ tax. Location matters, so do food deserts. Last I checked, $12 was more than half of twenty.
That’s a little under $10 where I am in Seattle. No tax on food here. If I feel like driving a little bit to Target, it’s only $8. I definitely know of food deserts though. The town I grew up in only has Safeway and Walmart. The IGA closed down. Looking at prices, they are about the same as they are here which sucks because the incomes are nowhere near what they are here.
I’m alright with a week of groceries for the four of us choosing $125/wk but I know that is difficult for some.
Go buy eggs, bread and milk. Better part of a twenty.
As I’ve pointed out elsewhere, that’s not inflation. That’s a lack of purchasing power, not inflation which is a loss of purchasing power. We lost that purchasing power over 2022 and 2023, but the difference in price between November of 2023 and now is relatively small.
Oh neat! Inflation only exists if it happened in the last 12 months. /s
Accumulative inflation is a thing, and it is up 21.8% since 2020.
Sure, but that has almost no impact on Fed policies.
I literally just bought these three items earlier today. I spent 8. High end of $20 is either exaggerating, or you’re buying some fancier foods than me.
These are dollar store brands. $4 milk, 4 bread, 4 eggs, $12+ tax. Location matters, so do food deserts. Last I checked, $12 was more than half of twenty.
That’s a little under $10 where I am in Seattle. No tax on food here. If I feel like driving a little bit to Target, it’s only $8. I definitely know of food deserts though. The town I grew up in only has Safeway and Walmart. The IGA closed down. Looking at prices, they are about the same as they are here which sucks because the incomes are nowhere near what they are here.
I’m alright with a week of groceries for the four of us choosing $125/wk but I know that is difficult for some.
Corporate greed, not inflation.