Inflation is a monetary phenomenon.
But the government says there's no food inflation.
Inflation is a monetary phenomenon.
You are correct the source does suck. How many times does it need to be said before you morons understand. Obviously until the end of time.
Here's the table the article came from:
http://www.bls.gov/news.release/cpi.t02.htm
Here's why...which has been reported correctly here before:
http://www.npr.org/blogs/thesalt/20...-you-ll-be-paying-more-for-beef-all-this-year
The reason beef is expensive is the same reason wages aren't growing...supply and demand. We have too little supply of beef to meet demand and we have too little demand for labor to meet the supply. It's not difficult to understand.
Why is overall inflation reported as too low? Also simple to understand. The entire economy is more than just ground beef or gas. But you, like most here, obviously can't comprehend more than a one or two variable possibility.
You are incorrect that I have ever said the economy is doing great. You are an idiot for making that statement. English obviously isn't your first language either. You fit right in here.
What you quote is from the propaganda machines.
Please explain bacon to us as well please. $4.99 - $7.99 a pound. Also Sausage $3.50+ lb. Oscar Mayer Bologna (chicken/pork) 16oz $2.99lb, Oscar Mayer Bologna Beef 12oz $4.99lb, Jif Peanut Butter Creamy 16oz (the pantry staple) $3.49, Campbell's Tomato Condensed Soup 10.7 oz $1.19, Wonder Bread White Classic 20oz (kitchen staple) $2.19, Giant Milk Whole Vitamin D 1gal $3.99, Giant Brown Eggs Grade A Large 1doz $2.59, Green Giant Sweet Peas (can) 15oz $1.39, Del Monte Fresh Cut Green Beans Cut (can) 14.5oz, Del Monte Fresh Cut Carrots Sliced (can) 14.5oz $1.49, Barilla Pasta Spaghetti (box) 16oz $1.49, Giant Fruit Swirls Cereal 12.2oz $2.79, Post Cocoa Pebbles Cereal 11oz $3.39, General Mills Lucky Charms Cereal 11.5oz $3.59, Kellogg's Pop-Tarts Frosted Blueberry - 8 ct 14.7oz $2.99, HammerMill® Copy Plus Copy Paper (500ct ream) $5.39.
Also, please expand on why package size of items are being reduced while prices remain the same or are increased at the same time. Such as ice cream. With ice cream, including the fake stuff and sherberts and frozen yogurts, the standard was always two quarts, then it went to a 1.75 quarts, and now it stands at a 1.5 quarts. Size went down, price went up. Orange juice bottle at 64oz now 59oz. Cereal 16oz or larger, standard now 10oz to 12.5oz. Tortilla chips 16oz to 12oz. White Cloud 2-Ply Comfort has shrunk from 4.2″ to 3.9″ wide. Yogurt 6oz to 5.3oz, Box of Kleenex - 260 tissues to 230 tissues. Paul Mitchell “Tea Tree Shaping Cream” (3.5 ounces) for $16.45. reduced to (3 ounces) for $17.00. Ivory dish detergent 30oz to 24oz. Kraft American cheese 24 slices to 22. Häagen-Dazs ice cream 16oz to 14oz. Scott toilet tissue 115.2 sq. ft. to 104.8 sq. ft.. Chicken of the Sea salmon 3oz to 2.6oz. Classico pesto 10oz to 8.1oz. Hebrew National franks 12oz to 11oz. Some stores now sell a ream of copy paper that has only 400 sheets when the standard, forever is 500. And thousands more products.
How about cars? Cars are getting smaller, manufacturers are using cheaper materials for the interiors and where they can get away with using them, yet prices are still increasing. And even thought Wal-Mart is selling bicycles built using slave labor and inferior materials from China, a "good" bike is still over $100. Money is "cheap" and people still can't but a new car or a house.
Too little beef to meet the demand huh? Then please also tell us how is it that we exported over 857,068 metric tons of beef alone in 2013 and from Jan - July this year over 492,856 metric tons.
Annual U.S. corn exports for 2013/14 increased 161% year-over-year. 2014 average corn yields are estimated at a record 171.7 bushels per acre. Projected total production for 2014 was 14.395 billion bushels, a record if realized.
For wheat, the USDA forecast domestic stockpiles at the end of the 2014-15 growing season next May 31 at 698 million bushels, up from its estimate of 663 million bushels last month.
We are producing record harvests and you believe that BS about weather?
We have too little demand for labor because corporations have outsourced our manufacturing to third world countries at slave labor wages.
When a nation allows a private bank to issue that nations currency, at interest, this kind of economy is the result, and in the end, always.... always fails, and ours is coming to an end soon as well.
It's the greatest transfer of wealth ever deviously designed. The people are left paupers while the money creators and financiers get everything.
We are in for a world of hurt in the near future, 1-3 years. You think what is happening now, to this point, is bad, you just wait. You think things are expensive now? Be unprepared. Be the grasshopper.
What do you think happens when trillions and trillions of dollars are created out of nothing in a very short time frame?
If there is an expansion of the money supply of 15% or more in a year, when that money works its way into the economy, you are going to have 15% inflation the next. And so on and so on.
Actually, many corporations price their products based on the expected expansion of the money supply before it happens... staying ahead of the curve to to speak.
A good barometer of inflation, before Obamacare, was the increases in health care premiums. If they increased say, 17% in one year, you can bet the inflation for that year was about that.
Since Obama's been on office, the debt has increased nearly $7 trillion dollars in that short 6 year span, on top of the trillions the banks have created to bail out the MBS fiasco.
Many products prices have doubled and tripled, or more since.
Believe your eyes people. Stop listening to the government and its cheerleaders like tommyjo.
Inflation is always a monetary phenomenon. Please educate yourself of the nature of coin and credit.
"Why is overall inflation reported as too low?" Because stupid people believe it.
