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But _all_ cuts of beef went up by a lot as far as I can tell. So did chicken, fish, and all other sources of protein. It’s not just protein though, everything a

by ein0p 3y ago

But _all_ cuts of beef went up by a lot as far as I can tell. So did chicken, fish, and all other sources of protein. It’s not just protein though, everything across the board is on average 25-30% more expensive now than it was 3-4 years ago. A cart of foodstuffs that used to cost $100 give or take is now $130-140. This isn’t some Whole Foods kind of situation, this is a run of the mill Kroger normal people shop at

Dylan16807 3y ago
If you're comparing against 3-4 years ago, CPI says inflation was 18-21%. So if it's actually 25-30%, that's a significant level of error but not an enormous one. CPI says that, of those four years, almost all the inflation was in the middle two. So when it says 3.5% since last year, that's not a crazy number, it's more that it's hard to determine/remember which part of the inflation happened in exactly which month. Comparing today to 3-4 years ago is a better option for both accurate numbers and accurate memories.
- wakawaka28 3y ago
  >So if it's actually 25-30%, that's a significant level of error but not an enormous one. Tell that to people on Social Security... They will come up short because of these "errors".
  - Dylan16807 3y ago
    Ha ha, very funny. But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x"
    - wakawaka28 3y ago
      It's not funny dude, that is a serious problem. I have parents on Social Security and I have to pay for their budgetary shortfall. Social Security in particular is supposed to be adjusted for inflation, which is one of the reasons the numbers are deliberately wrong. >But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x" I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Depending on when you look at it, that is 2-3x what the official numbers say. Prices have not gone up uniformly across categories of course, but most things are significantly more expensive than than the official numbers would predict.
      - Dylan16807 3y ago
        > I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. But I do think I misread your comment earlier, or something. Ignore the ha ha. Is there any chance you edited it right away, or did I just utterly fail to read?
        wakawaka28 3y ago
        > Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. I was respinding to the 1.4x vs 3x error thing. I didn't edit the comment (I think). I'm not actually offended by the haha. I just think people may lose touch with the fact that these stats aren't just fun and games, and that some people get seriously screwed by inflation. If you thought houses were expensive before, that's probably just the beginning.
    - ein0p 3y ago
      Yeah, bro, very funny that the money I worked so hard to earn now buys 30% less in just 3 years. Absolutely hilarious.
      - Dylan16807 3y ago
        I think I misread something before I made that comment. Ignore the laughter. But even with that mistake, I don't know why you think I was calling inflation itself funny. - Though, you say the "money you worked so hard to earn"... I could interpret that as either wages or savings. If it means your wages buy 30% less, and inflation is 30%, then your nominal income hasn't increased. If so, something has gone very wrong, and it sounds like your employer is screwing you over. So I think you mean the savings you had a few years ago. Is that right? But if you had a meaningful amount of savings, were none of the savings in stocks? Stocks have gone up tremendously since the peak in early 2020. And if you had a mortgage, it would have effectively shrunk by whatever amount your nominal income increased.
        wakawaka28 3y ago
        >If it means your wages buy 30% less, and inflation is 30%, then your nominal income hasn't increased. If so, something has gone very wrong, and it sounds like your employer is screwing you over. Employers use the fake numbers to determine adjustments. It's not like they are necessarily screwing you over if they don't give you a 30% raise due to inflation either lol. They have to come up with extra cash because of inflation too. >But if you had a meaningful amount of savings, were none of the savings in stocks? Stocks have gone up tremendously since the peak in early 2020. That's not a profit dude. It's the simple phenomenon of everything costing more. Since most businesses are hurt by inflation, stocks do not keep up with rapid inflation. >And if you had a mortgage, it would have effectively shrunk by whatever amount your nominal income increased. It is true that inflation makes debts easier to pay, up to a point. But that means the lender gets screwed. It is a dysfunctional situation.
        Dylan16807 3y ago
        > It's not like they are necessarily screwing you over if they don't give you a 30% raise Yes, but I wasn't asking about whether the raise is 30%. If you have a 12% raise during 30% inflation then you can buy 18% less, for example. > That's not a profit dude. It's the simple phenomenon of everything costing more. Since most businesses are hurt by inflation, stocks do not keep up with rapid inflation. It wouldn't have to be a profit for my point to work. But have you looked at stocks? The S&P 500 went up not just more than 30%, it went up more than 50%. Stocks did profit. And that's versus the relative peak. Any other baseline in the range of 4 years ago and the increase is even higher, and from 5 years ago it's up 75%. > But that means the lender gets screwed. It is a dysfunctional situation. You can't make everyone happy, but I was focusing on the experience of a relatively average person.
deleted 3y ago
[deleted]

by ein0p 3y ago

Dylan16807 3y ago

If you're comparing against 3-4 years ago, CPI says inflation was 18-21%. So if it's actually 25-30%, that's a significant level of error but not an enormous one. CPI says that, of those four years, almost all the inflation was in the middle two. So when it says 3.5% since last year, that's not a crazy number, it's more that it's hard to determine/remember which part of the inflation happened in exactly which month. Comparing today to 3-4 years ago is a better option for both accurate numbers and accurate memories.

wakawaka28 3y ago
>So if it's actually 25-30%, that's a significant level of error but not an enormous one. Tell that to people on Social Security... They will come up short because of these "errors".
- Dylan16807 3y ago
  Ha ha, very funny. But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x"
  - wakawaka28 3y ago
    It's not funny dude, that is a serious problem. I have parents on Social Security and I have to pay for their budgetary shortfall. Social Security in particular is supposed to be adjusted for inflation, which is one of the reasons the numbers are deliberately wrong. >But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x" I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Depending on when you look at it, that is 2-3x what the official numbers say. Prices have not gone up uniformly across categories of course, but most things are significantly more expensive than than the official numbers would predict.
    - Dylan16807 3y ago
      > I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. But I do think I misread your comment earlier, or something. Ignore the ha ha. Is there any chance you edited it right away, or did I just utterly fail to read?
      - wakawaka28 3y ago
        > Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. I was respinding to the 1.4x vs 3x error thing. I didn't edit the comment (I think). I'm not actually offended by the haha. I just think people may lose touch with the fact that these stats aren't just fun and games, and that some people get seriously screwed by inflation. If you thought houses were expensive before, that's probably just the beginning.
  - ein0p 3y ago
    Yeah, bro, very funny that the money I worked so hard to earn now buys 30% less in just 3 years. Absolutely hilarious.
    - Dylan16807 3y ago
      I think I misread something before I made that comment. Ignore the laughter. But even with that mistake, I don't know why you think I was calling inflation itself funny. - Though, you say the "money you worked so hard to earn"... I could interpret that as either wages or savings. If it means your wages buy 30% less, and inflation is 30%, then your nominal income hasn't increased. If so, something has gone very wrong, and it sounds like your employer is screwing you over. So I think you mean the savings you had a few years ago. Is that right? But if you had a meaningful amount of savings, were none of the savings in stocks? Stocks have gone up tremendously since the peak in early 2020. And if you had a mortgage, it would have effectively shrunk by whatever amount your nominal income increased.
      - wakawaka28 3y ago
        >If it means your wages buy 30% less, and inflation is 30%, then your nominal income hasn't increased. If so, something has gone very wrong, and it sounds like your employer is screwing you over. Employers use the fake numbers to determine adjustments. It's not like they are necessarily screwing you over if they don't give you a 30% raise due to inflation either lol. They have to come up with extra cash because of inflation too. >But if you had a meaningful amount of savings, were none of the savings in stocks? Stocks have gone up tremendously since the peak in early 2020. That's not a profit dude. It's the simple phenomenon of everything costing more. Since most businesses are hurt by inflation, stocks do not keep up with rapid inflation. >And if you had a mortgage, it would have effectively shrunk by whatever amount your nominal income increased. It is true that inflation makes debts easier to pay, up to a point. But that means the lender gets screwed. It is a dysfunctional situation.
        Dylan16807 3y ago
        > It's not like they are necessarily screwing you over if they don't give you a 30% raise Yes, but I wasn't asking about whether the raise is 30%. If you have a 12% raise during 30% inflation then you can buy 18% less, for example. > That's not a profit dude. It's the simple phenomenon of everything costing more. Since most businesses are hurt by inflation, stocks do not keep up with rapid inflation. It wouldn't have to be a profit for my point to work. But have you looked at stocks? The S&P 500 went up not just more than 30%, it went up more than 50%. Stocks did profit. And that's versus the relative peak. Any other baseline in the range of 4 years ago and the increase is even higher, and from 5 years ago it's up 75%. > But that means the lender gets screwed. It is a dysfunctional situation. You can't make everyone happy, but I was focusing on the experience of a relatively average person.

deleted 3y ago

[deleted]