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That's theatrics. Everyone on Wall Street and Main Street knows the true cost of living — housing, gas, and grocery prices — has increased dramatically more tha
by siftrics 2y ago
That's theatrics. Everyone on Wall Street and Main Street knows the true cost of living — housing, gas, and grocery prices — has increased dramatically more than any Fed-anointed number with the word "inflation" near it.
- bryanlarsen 2y agoCertainly not for everyone. If you have a fixed mortgage, and are careful what you buy, you can live like its 2019. I was at the grocery store a week ago and everything in my basket was reasonably priced for 2019: pork, bread, bananas, carrots and potatoes. Is it a coincidence I happened to buy only things that didn't experience inflation? Heck no. Avoid name brands.
- spywaregorilla 2y agohttps://www.officialdata.org/Pork/price-inflation/2019-to-2024?amount=0 https://www.officialdata.org/Pork/price-inflation/2019-to-20... https://www.in2013dollars.com/Fresh-vegetables/price-inflation/2019-to-2024?amount=0.76 https://www.in2013dollars.com/Fresh-vegetables/price-inflati... https://www.in2013dollars.com/Bread/price-inflation/2019-to-2024?amount=0 https://www.in2013dollars.com/Bread/price-inflation/2019-to-... Also if you "have a fixed mortgage" you probably have a fixed mortgage that was locked in at drastically lower rates than current market rates, which is the most advantageous position possible
- bryanlarsen 2y agoYes, name brand bread has gone up in price. So don't buy name brand bread.
- spywaregorilla 2y agoThat doesn't seem likely