Inflation at 6.5%

[longbow]

No one is talking about what the real rate is, so I pulled out some reciepts from last year and compared them to this year.

I am going to call inflation at 6.5% in a year and I still think I'm low!

 

[eldirector]

Sounds about right. All of my expenses are up by at least that amount (fuel, groceries, etc...) if not much more.

 

[ATOMonkey]

Hurray!!! Wait....what are we talking about?

Do you think my 2% raise covered that?

 

[SemperFiUSMC]

Hurray!!! Wait....what are we talking about?

Do you think my 2% raise covered that?

You got a raise? Where are they giving those out at?

 

[CarmelHP]

No one is talking about what the real rate is, so I pulled out some reciepts from last year and compared them to this year.

I am going to call inflation at 6.5% in a year and I still think I'm low!

I started this thread a while ago. It's more like 10% using historical measures.

 

[hornadylnl]

Hurray!!! Wait....what are we talking about?

Do you think my 2% raise covered that?

Hey, I'm getting a 5% raise. Oh wait, that's the 5% they took away from me 2 years ago.

Unfortunately, employers are going to get blamed for the pay cuts, pay freezes, or miniscule raises, not the people who created this mess.

 

[jeremy]

I actually think it is less inflation and more due to the devaluation of the Dollar...

 

[Fletch]

I actually think it is less inflation and more due to the devaluation of the Dollar...

Not sure what you're trying to say here.

 

[jeremy]

Not sure what you're trying to say here.

That most of the "inflation" we are currently seeing is due to the Value of the Dollar, or lack of anyway...

 

[Ramen]

That most of the "inflation" we are currently seeing is due to the Value of the Dollar, or lack of anyway...

Inflation is the increase in the supply of currency. Rising prices are a consequence of that.

 

[Paco Bedejo]

I started this thread a while ago. It's more like 10% using historical measures.

That's OK, my checking account pays me 1%, so it's all good. We should probably vote next year for someone who used to work for the Federal Reserve.

 

[ATOMonkey]

You got a raise? Where are they giving those out at?

Aren't you the boss???

 

[kludge]

Common basic food items (like sugar and wheat) are up 14% in the month of March. Items bought by the truck load load are up 11-49% this quarter.

U.S. Companies Shrink Packages as Food Prices Rise - DailyFinance

Inflation Watch: - SurvivalBlog.com

But food and energy aren't counted in the "inflation" rate. LOL.

 

[Paco Bedejo]

Common basic food items (like sugar and wheat) are up 14% in the month of March. Items bought by the truck load load are up 11-49% this quarter.

[sic]

But food and energy aren't counted in the "inflation" rate. LOL.

All of a sudden, my SKS doesn't feel like enough...

 

[RockofStrength]

Common basic food items (like sugar and wheat) are up 14% in the month of March. Items bought by the truck load load are up 11-49% this quarter.

U.S. Companies Shrink Packages as Food Prices Rise - DailyFinance

Inflation Watch: - SurvivalBlog.com

But food and energy aren't counted in the "inflation" rate. LOL.

Looks to me like prepping would be a better investment than the stock market at this point. Bullets and beans are only going up in price...

 

[longbow]

I noticed this after shopping for food for the big cookout today!

Memorial Day cookout will cost you 29% more this year thanks to inflation | Mail Online

Steaks and Propane have really gone up! I need to get some cows!

 

[John Galt]

"In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell

Our government is not only manipulating data (I consider selective reporting as manipulation), but it is outright lying to us. They're doing the same with unemployment numbers and are trying to suppress who got trillions of dollars from the Fed during the Great Bailout(s), courtesy of us and our children. Any country/system that becomes based on lies, fraud, and deceit will fail, period. It's only a matter of time.

 

[spitfire51]

Sadly, the Fed won't do a damn thing as long as "core" inflation doesn't change. Of course, core inflation conveniently excludes all the stuff that everyone has to buy. You'll excuse me if I don't get too excited about the price of flat screen tv's going down when I can barely afford to put gas in my car.

 

[TRWXXA]

"There are three kinds of lies: lies, damned lies, and statistics." -- Mark Twain & others