That’s a tracking link
If orangeman gets elected, inflation will come back anyway
Orange man’s been gone almost four years. Why are the prices still up? I thought they were orange man’s fault?
Inflation is like acceleration, prices are like speed. If you’re in a space ship moving at a fixed speed, you are* moving* in a direction. Acceleration means your speed is increasing. You’re moving in a direction, faster than before. If you stop accelerating, you’re still moving and you keep all the speed you gained from when you were accelerating. The only way to slow down is to decelerate-- put energy into moving the opposite direction. That would be equivalent to deflation, which has historically been very bad for the economy.
Thank you for your service.
I am starting to think people posting news article want to track how many clicks they get lol
God damn clickbait title
Tldr “Last month, for the first time in four years, prices on everyday goods and services actually fell. In other words, this June was the first time since the pandemic started that we paid less for stuff compared with the previous month.”
Holidays are starting so people buy less? Businesses close temporarily?
Just hold on to your hats. September/October and prices will rise again.
I don’t know about that. I feel that we’ve far passed the limit of what consumers can afford, so companies are forced to cut back on their bottom line to get sales. We’re already seeing it with grocery stores.
The reached the line and had to back off.
Really, pre pandemic I got my first real job and actually had enough money to he comfortable and have fun. Now, it’s $9 for a box of cereal and a combined household income of $200k, I’m having to tighten the belt.
$9? Where do you live? None of the cereal is that expensive near me. They frequently have sales to get name brand for $3. Usually still more expensive than off brand though.
Eh. Cereal is $7 in my city. Depending on where you shop.
Agreed. Needing to “tighten the belt” out of a $200K salary is insane to me. Don’t live in Silicon Valley, and maybe you don’t need to pay four times as much for everything.
Yes, because moving is totally free and easy.
I mean if they work a non WFH in silicon valley they kinda need to live in silicon valley.
I wasn’t able to save or contribute to my retirement until 35 so I’ve been maxing out my 401k, IRA, HSA in order to catch up. Had to lighten up on that. Seattle is expensive yo. I shop at Costco for most of what I cnaget in bulk and Safeway for the non-bulk. Our grocery bill has tripled and same with utilities.
I make 55k, one income on a family of 5. I cannot fathom this either.
Mr money bags over here
My food costs for the same for same items have increased 30-100+% in five years. I’ve changed what I eat because of it. It’s absolutely crazy.
And just think only two years ago the American workforce had the upper hand, and then oil prices and fuel prices increased. Then it all went hog fucking wild, like it’s a
48 HoursTrading Places type Billionaire Bet.Mortimer and Randolph bet each other they could raise prices and fuck the housing market better than the other.
As is tradition, your misery is worth a $1.
Five years ago, $200 worth of groceries would last two or three weeks. Now I’d be lucky to walk out for twice that. It’s ridiculous how much more expensive literally everything is, and companies just aren’t paying people more to compensate.
