I saw this when I opened Edge for work this morning. Two worlds in one picture.
That’s great the prices aren’t going up more. Now go get all of these companies that are price gouging. It’s good to protect people from it during natural disasters but unfortunate the government didn’t consider COVID a natural disaster.
Food prices are still up twenty to forty percent.
Right! and now, amazing news! Our expenses are only growing at a rate of only 2.4%!! Hooray?!?
2% is actually pretty good and about what you want. Maintaining flat spending power sounds great on paper, but also puts an economy at increased risk of recession and citizens at increased risk of ballooning debt.
That’s nice and all, but wages do not increase year over year for most people, so most people would prefer those risks and be able to continue living, instead of helping to balloon the suicide statistic.
Agreed. I’m talking about deflation though. The debts you acquire balloon in size, even without interest, during deflation.
I don’t think we do agree. As you can see in the chart, our debts have been ballooning under inflation.
We’re taking about the consumer price index here. Inflation regarding the cost of living only. This is, as i hinted previously, heavily caused not by “inflation” (as youd consider it in econ 101) but corporate price-gouging.
Corporate price-gouging is i feel i must add capital N Not inflation in the traditional sense… But in the scope of this article and our conversation, it is.
So again, fucking-A yes I want price gouging to stop, right now… So like, if you wish to continue wit me we need to agree on terms. Let me know you agree this cpi definition and inflation in this case is “price gouging” otherwise we may as well just part ways
Haters will say it’s because of the election coming up
Really glad the president of the USA finally decided to pull the lower inflation lever in the oval office.
It’s a knob, dumbass
It’s right next to the gas price slider. Duh.
I look forward to all the Biden “I did this!” stickers lauding his administration for lowering inflation.
Lower inflation doesn’t mean lower prices - which we need, and/or higher wages - it means prices are going up a little more slowly. Pointing at a $9 jar of mayonnaise with an “I did this” isn’t going to win many people over.
Can just reuse all the ones MAGAts stuck on gas pumps.
We’re already reusing those right where they are.
It’s right next to the Gas Price Dial on the Resolute desk.
Now pay me more and we’re good.
Waiting to see the creative ideas Republicans come up with to try to tank it before November
Yay people got fucked over bad, but they can take a water break before resuming the ass railing.
Too bad it’s not on food prices
Economy still sucks.
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https://www.axios.com/2024/10/10/cpi-report-september-inflation-economy