Article

2022-07-13 Economy

Inflation Soars to 9.1 Percent, Worst Since 1981

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Posted by DarthVader 2022-07-13 09:44|| || Front Page|| [11132 views ] Top

#1 I'm seeing a lot of "conservative" commentators going on about how inflation is costing people a multiple of what the stimulus checks provided. Great argument if you are speaking to economically literate people. To the economic illiterates, inflation just means they will avidly vote for an even smaller stimulus check next time on the principle that they are hurting and will take any help they think they can get.

I'm tired of Conservative Inc.™

Posted by M. Murcek 2022-07-13 10:52|| 2022-07-13 10:52|| Front Page Top

#2 What is keeping that average down? Or are we excluding not day-to-day durable goods? Or is this typical bad government news reporting real number by half?

Posted by swksvolFF 2022-07-13 12:26|| 2022-07-13 12:26|| Front Page Top

#3 Some of the true inflation may be hid by a reduction in container size. You pay the same for a large coke and get less. In some cases competition is reducing margins for producers. There would have to be more collusion than is currently happening in the apparel or bedding sectors. Sales for optional purchases like furniture probably can’t inflate without people delaying or forgoing purchases. The impact on farm goods will vary based on fertilizer and distribution costs.

Posted by Super Hose 2022-07-13 13:14|| 2022-07-13 13:14|| Front Page Top

#4 They have been jiggering the definitions used to calculate inflation for some time.

Posted by M. Murcek 2022-07-13 13:17|| 2022-07-13 13:17|| Front Page Top

#5 Yup; five bucks for a three bite fast food sandwich.

And got the Türkiye trots.

Posted by swksvolFF 2022-07-13 13:27|| 2022-07-13 13:27|| Front Page Top

#6 ^ Heh

Posted by Frank G 2022-07-13 14:16|| 2022-07-13 14:16|| Front Page Top

#7 actually, under the chained-cost method of calculating inflation, the increase would have been 8.4% y over y

that index accounts for product switching, e.g., if apples increase more in price than oranges, people buy more oranges and fewer apples

Posted by Lord Garth 2022-07-13 18:52|| 2022-07-13 18:52|| Front Page Top

#8 #3 Some of the true inflation may be hid by a reduction in container size. You pay the same for a large coke and get less. In some cases competition is reducing margins for producers. There would have to be more collusion than is currently happening in the apparel or bedding sectors. Sales for optional purchases like furniture probably can’t inflate without people delaying or forgoing purchases. The impact on farm goods will vary based on fertilizer and distribution costs.
Posted by Super Hose

So clothing will shrink to reduce the amount of fabric used? Does that signal the return of the 'miniskirts' and the 'halter tops' as everyday work wear? or would there be a drastic reduction in clothing coverage?

I'm seeing men wearing shorts and short sleeve shirts, in some cases, one or several sizes too small!

Anyone know where I can buy bulk eye bleach, preferably in 55 gallons drums.

Posted by Seeking Cure For Ignorance 2022-07-13 23:31|| 2022-07-13 23:31|| Front Page Top

#9 So clothing will shrink to reduce the amount of fabric used? Does that signal the return of the 'miniskirts' and the 'halter tops' as everyday work wear? or would there be a drastic reduction in clothing coverage?

As I recall, the correlation is good economy—> short, skimpy clothes. Bad economy —> conservative hemlines and modest clothes.

But shorts and short sleeves just mean summer. ;-) And too small just means they gained more during lockdown than they want to admit, and don’t want to go shopping when they’re just going to lose it again — really.

Posted by trailing wife 2022-07-13 23:46|| 2022-07-13 23:46|| Front Page Top

23:58 Rob Crawford
23:53 trailing wife
23:53 York Harding
23:49 trailing wife
23:46 trailing wife
23:31 Seeking Cure For Ignorance
23:15 Moonbeam Mcswine
22:58 Shatle Gurly-Brown1146
22:50 Canuckistan sniper
22:38 Canuckistan sniper
22:24 Seeking Cure For Ignorance
22:19 Canuckistan sniper
22:17 Canuckistan sniper
20:33 Lord Garth
19:58 Rex Mundi
19:37 Frank G
19:11 Lord Garth
19:07 Lord Garth
18:55 Deacon Blues
18:52 Lord Garth
18:42 swksvolFF
18:37 M. Murcek
18:29 Dron66046
18:27 M. Murcek