5 ms·

My experience is that prices went 100% - 150% up. Things I care about went double, no amount of statistics engineering can change this fact. Fuel prices along,

My experience is that prices went 100% - 150% up. Things I care about went double, no amount of statistics engineering can change this fact. Fuel prices along, while it came down a little, they are still way high.

upupandup 4y ago
Yet theres ppl, even on this thread that claims your views are conspiracy theory, that you are lying about what you saw.
- desireco42 4y ago
  Clearly I am and that is just how things are. In general when the facts are not recognized ie. pretended that they are not happening, long term it is bad for the country as a whole.
- fleddr 4y ago
  I generally agree that CPI "feels" to be consistently lower compared to what actual people experience. But you can't have a meaningful discussion about it if you do not list the weight of the price hike in your expense pattern. When gas for your car normally takes up 10% of your income, and this price doubles, your personal inflation is 10%, not 100% (assuming no other price hikes).
  - _-david-_ 4y ago
    Just to be clear. The person did not say it his personal inflation is 100%. He said prices increased by 100-150%. If item X usually costs $3 and now it costs $6. The price of that item increased by 100%. Perhaps he is only spending 10% of his income, but it doesn't really matter for what he is talking about.
    - anotherman554 4y ago
      He said the things he care about doubled in price. This is a remarkable claim. Even gas appears to have only gone up around 30% year over year: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=e...
      - _-david-_ 4y ago
        Gas prices doubled in my area (Southern California) for a short period of time a few months ago. Some of our gas stations were just a few cents short of $7. They have now down a bit (in the $5 - $6 range), but at one point it did get to double. I don't have any receipts to give you the exact dates and prices though. I would say that you can't just look at average prices for the US. Look at the California version of that chart [1]. July 2021 to July 2022 is an increase of about 38%. If you look at June to June it is 50%. While not double, it is quite a bit more than 30%. Depending on the area the person quite possibly did recently experience double the price like I did. [1] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPM0_PTE_SCA_DPG&f=M https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=E...
    - fleddr 4y ago
      What he implied with the term "conspiracy theory" in relation to inflation is that there's a vast mismatch between reported CPI and experienced CPI, hence the reported CPI is a conspiracy theory or corrupted. Typically statements like "this increased 100-150%" are used to support the theory. The only thing I'm saying is that individual price hikes are meaningless without any information about the total expense breakdown. That said, I do agree that CPI is typically slightly optimistic.
- sacred_numbers 4y ago
  They are not necessarily lying, but they are clearly an outlier. My spending is maybe a few percent higher and prices for some of the things I buy are even down recently. Everyone has a different experience, which is why we have aggregate statistics to quantify what the overall effect is.
anotherman554 4y ago
Things you care about went double year over year? That's remarkable if true. My biggest expense is a fixed rate mortgage, which did not go up. Followed by property taxes, which went up 2.7% between 2021 and 2022. Electricity barely went up because my electric supplier locks in rates years in advance with long term contract. (I expected it to go up eventually but not 100%) Food is harder to calculate because prices are variable since grocery stores have periodic sales. I just checked and Diet Coke at Sam's Club went up about 20% year over year- which is a lot but is certainly not double. Since I tend to order the same thing at a local Wendy's based on my credit card history prices year over year appear to have gone up 4.2%.
UncleMeat 4y ago
Can you point at specific goods? I can't think of a single thing that I buy on a regular basis that is twice as expensive as it was a few years ago.
- fuckcensorship 4y ago
  I just looked at my older Walmart receipts. The cost of milk went from $1.35/gallon in February 2020 to over $4/gallon in 2022. Milk is just a quick and easy example. I’m sure I could find countless other examples if I took the time.
  - mikeyouse 4y ago
    These odd local anecdotes are so silly - the benefit of having a Federal bureaucracy tracking prices is that they keep detailed records. Here's the nominal price of a gallon of milk over the last 25 years: https://fred.stlouisfed.org/series/APU0000709112 https://fred.stlouisfed.org/series/APU0000709112 The average in Feb 2020 was $3.19/gallon. Today it's $4.15/gallon. So roughly 30% increase since then. The average cost of a gallon of milk since the mid 1990s has never been below $2.40/gallon so maybe that $1.35 you paid was a result of a panic during the early pandemic?
  - UncleMeat 4y ago
    That's wild. For me, 1/2 gallons of milk is up like 15%.

upupandup 4y ago

Yet theres ppl, even on this thread that claims your views are conspiracy theory, that you are lying about what you saw.

desireco42 4y ago
Clearly I am and that is just how things are. In general when the facts are not recognized ie. pretended that they are not happening, long term it is bad for the country as a whole.
fleddr 4y ago
I generally agree that CPI "feels" to be consistently lower compared to what actual people experience. But you can't have a meaningful discussion about it if you do not list the weight of the price hike in your expense pattern. When gas for your car normally takes up 10% of your income, and this price doubles, your personal inflation is 10%, not 100% (assuming no other price hikes).
- _-david-_ 4y ago
  Just to be clear. The person did not say it his personal inflation is 100%. He said prices increased by 100-150%. If item X usually costs $3 and now it costs $6. The price of that item increased by 100%. Perhaps he is only spending 10% of his income, but it doesn't really matter for what he is talking about.
  - anotherman554 4y ago
    He said the things he care about doubled in price. This is a remarkable claim. Even gas appears to have only gone up around 30% year over year: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=e...
    - _-david-_ 4y ago
      Gas prices doubled in my area (Southern California) for a short period of time a few months ago. Some of our gas stations were just a few cents short of $7. They have now down a bit (in the $5 - $6 range), but at one point it did get to double. I don't have any receipts to give you the exact dates and prices though. I would say that you can't just look at average prices for the US. Look at the California version of that chart [1]. July 2021 to July 2022 is an increase of about 38%. If you look at June to June it is 50%. While not double, it is quite a bit more than 30%. Depending on the area the person quite possibly did recently experience double the price like I did. [1] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPM0_PTE_SCA_DPG&f=M https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=E...
  - fleddr 4y ago
    What he implied with the term "conspiracy theory" in relation to inflation is that there's a vast mismatch between reported CPI and experienced CPI, hence the reported CPI is a conspiracy theory or corrupted. Typically statements like "this increased 100-150%" are used to support the theory. The only thing I'm saying is that individual price hikes are meaningless without any information about the total expense breakdown. That said, I do agree that CPI is typically slightly optimistic.
sacred_numbers 4y ago
They are not necessarily lying, but they are clearly an outlier. My spending is maybe a few percent higher and prices for some of the things I buy are even down recently. Everyone has a different experience, which is why we have aggregate statistics to quantify what the overall effect is.

anotherman554 4y ago

Things you care about went double year over year? That's remarkable if true. My biggest expense is a fixed rate mortgage, which did not go up. Followed by property taxes, which went up 2.7% between 2021 and 2022. Electricity barely went up because my electric supplier locks in rates years in advance with long term contract. (I expected it to go up eventually but not 100%) Food is harder to calculate because prices are variable since grocery stores have periodic sales. I just checked and Diet Coke at Sam's Club went up about 20% year over year- which is a lot but is certainly not double. Since I tend to order the same thing at a local Wendy's based on my credit card history prices year over year appear to have gone up 4.2%.

UncleMeat 4y ago

Can you point at specific goods? I can't think of a single thing that I buy on a regular basis that is twice as expensive as it was a few years ago.

fuckcensorship 4y ago
I just looked at my older Walmart receipts. The cost of milk went from $1.35/gallon in February 2020 to over $4/gallon in 2022. Milk is just a quick and easy example. I’m sure I could find countless other examples if I took the time.
- mikeyouse 4y ago
  These odd local anecdotes are so silly - the benefit of having a Federal bureaucracy tracking prices is that they keep detailed records. Here's the nominal price of a gallon of milk over the last 25 years: https://fred.stlouisfed.org/series/APU0000709112 https://fred.stlouisfed.org/series/APU0000709112 The average in Feb 2020 was $3.19/gallon. Today it's $4.15/gallon. So roughly 30% increase since then. The average cost of a gallon of milk since the mid 1990s has never been below $2.40/gallon so maybe that $1.35 you paid was a result of a panic during the early pandemic?
- UncleMeat 4y ago
  That's wild. For me, 1/2 gallons of milk is up like 15%.