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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   147,491 views  1,539 comments

by AmericanKulak   ➕follow (8)   💰tip   ignore  

Since we know the numbers are going to suck since Peppermint Patty is leading the Amen Corner Media to blame Putin for it:
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati

Frankly, I prefer my spaceship to have big tits and not fake inflated ones.

EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'

https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net

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1031   zzyzzx   2024 May 7, 4:58am  

https://www.reuters.com/business/retail-consumer/south-korea-slap-fines-food-suppliers-shrinkflation-2024-05-03/

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300).
1032   zzyzzx   2024 May 7, 5:10am  

https://chainstoreage.com/exclusive-consumers-are-noticing-shrinkflation-and-dont-it

EXCLUSIVE: Consumers are noticing 'shrinkflation' – and don’t like it

According to results of a new survey of more than 1,000 U.S. consumers and business owners exclusively released to Chain Store Age by Clarify Capital, more than four-in-five consumer respondents (81%) have noticed shrinkflation, with three-in-10 (29%) having seen it very often since 2020.
1034   zzyzzx   2024 May 7, 7:39am  

https://finance.yahoo.com/news/retailers-jacked-prices-squeezed-consumers-180028231.html

Retailers jacked up prices and squeezed consumers. They might have just blinked
1035   Patrick   2024 May 7, 10:58am  

https://www.coffeeandcovid.com/p/fiery-lessons-tuesday-may-7-2024


But then, blowing up its own argument in mid-sentence, in the video CNBC used a Subway turkey sub as an example. The sub cost $5 two years ago. It costs $11 now. Even Portlanders can tell that’s a lot more than +23%. ...

This almost seems like a cliche, but if a Republican were occupying the White House, inflation would be all that CNBC would be talking about, twenty-four-by-seven, and not in this good, optimistic, seeing-the-bright-side way. It would be the End of the Financial World. Trust me.
1038   AD   2024 May 7, 9:40pm  

.

The Vanguard fund that invests in the overall bond market has at best kept up with annual inflation since it started in 2007. I wonder if the bond crash of 2022 to 2023 is the reason for this dismal performance, and that this bond fund will recover as the worst is now behind it for the current economic cycle.

Inflation obviously has weighed down the performance of this bond fund.



.
1042   zzyzzx   2024 May 8, 5:58am  

This fed 5 people in 2009:


1044   zzyzzx   2024 May 9, 5:04am  

New bottle of Gorilla Glue:


1048   zzyzzx   2024 May 10, 5:13am  

Also getting jipped here:

1049   zzyzzx   2024 May 10, 5:14am  

At least they are telling you:

1051   Al_Sharpton_for_President   2024 May 10, 6:58am  

'Highway Robbery': Burger Chain Slammed for 'Out of Control' Prices Amid Inflation

A Five Guys receipt is going viral on social media.

"5 dollars for a small fry is highway robbery," one user said. "It's literally just a potato and some salt. Cost them a quarter to make."



https://www.entrepreneur.com/business-news/five-guys-slammed-for-high-prices-receipt-goes-viral/470773
1054   RC2006   2024 May 11, 7:08am  

Patrick says






This one has really pissed me off when doing certain repairs.
1055   HeadSet   2024 May 11, 2:36pm  

RC2006 says

Patrick says







This one has really pissed me off when doing certain repairs.

Same here. At one house I was restoring I had to go to a specialty lumberyard to get true dimensional wood.
1057   AD   2024 May 12, 11:47pm  

Patrick says

https://twitter.com/WallStreetSilv/status/1789718376849273268


Yes, its especially rigged with a Democrat in the White House.

That is why I would not be surprised if a recession just so happens right after the November election as all the economic stats reported by the federal guvmint will point to a recession.

.
1058   zzyzzx   2024 May 13, 5:40am  

AD says

That is why I would not be surprised if a recession just so happens right after the November election as all the economic stats reported by the federal guvmint will point to a recession.

Is there really any doubt in your mind?
1061   zzyzzx   2024 May 13, 6:05am  

Now you only get 1/2 slice of cheese (McDonalds):


1063   zzyzzx   2024 May 13, 6:54am  

https://www.cnbc.com/2024/05/10/mcdonalds-working-on-5-value-meal.html

McDonald’s is working to introduce a $5 value meal


1064   zzyzzx   2024 May 13, 7:23am  

Count reduced:


1065   zzyzzx   2024 May 14, 6:40am  

1/3 less:


1067   AD   2024 May 14, 2:06pm  



1068   mell   2024 May 14, 4:18pm  

zzyzzx says

https://www.cnbc.com/2024/05/10/mcdonalds-working-on-5-value-meal.html

McDonald’s is working to introduce a $5 value meal




Small fries a micky dees are so small now they're virtually non existent. It's exactly one handful for me. Why are there so many fat people?
1069   AD   2024 May 14, 9:49pm  

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html

"The Fed has been holding its key overnight borrowing rate in a targeted range of 5.25%-5.5%. Though the rate has been there since July, it is the highest level in some 23 years."
1070   AD   2024 May 14, 10:06pm  

McDonalds looking to increase sales and is likely to introduce a $5 meal.

A Big Mac meal (large size) costs around $11 in Panama City Beach, FL where the average starting wage for fast food workers is around $15 an hour. Servers in restaurants get around $10 an hour plus tips in Panama City Beach.

I am wondering if the Big Mac meal has always cost about 80% of the entry level hourly wage (assuming that the meal size and quality remains the same).

Or was it 50% back in the 1990s ?

*************************************

"The $5 meal deal will reportedly offer a choice of a McChicken, McDouble or four-piece chicken McNuggets with fries and a drink."

https://www.usatoday.com/story/money/food/2024/05/13/mcdonalds-5-meal-deals-affordability-pricing-earnings-calls-2024/73669665007/

,

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