INFLATION--FED announces 0.50% interest rate cut

Re: food

Globally, during my lifetime. The main reason there is starvation is not global under-supply of food. There's actually been a lot of global over-supply of food, which has hurt farmers.

Rather, starvation is often because of a civil war, or some extremist leftist regime (N. Korea, Red China, Cambodia, Vietnam, multiple S. American countries including Venezuela--with the world's largest oil reserves) that chokes off the food supply to many people, or enacts grossly ignorant policies that cause starvation.

An occasional extremist rightist regime (usually in S. America) has done basically the same thing. But it's kinda tough saying who's a leftist or who's a rightist when dealing with some of these 3rd World totalitarian dictators. I'd call the Argentine tin-pot tyrant who opposed Thatcher and invaded the Falkland Islands to distract the masses a rightist. He was certainly in our camp during the Cold War. I'd call Peron of Argentina a leftist due to his promotion of socialism.
 
I hate to give this news to all the disinflation deniers:

My church holds fish fry’s every Friday during Lent (6 in total). We tabulated the costs for this year for fish, French fries, hush puppies, cole slaw, cooking oil, etc.: 7 cents per plate higher than last year.

But, but shadow stats!!!
 
mchammer said:
I hate to give this news to all the disinflation deniers:

My church holds fish fry’s every Friday during Lent (6 in total). We tabulated the costs for this year for fish, French fries, hush puppies, cole slaw, cooking oil, etc.: 7 cents per plate higher than last year.

But, but shadow stats!!!
Click to expand...

Dude I could go on and on.

Italian bread at Walmart (my wife's fave) was $1 forever. It's $1.68 now

Almond milk was $1.62. Now 2.67 . Walmart brand

Diet dr thunder was 0.72. Now $1.28

I do the Walmart and meat market runs for the family, the wife gets the bulk of the shopping. Neither you nor anyone else can tell me inflation is in check. The past year has been brutal on a budget

I haven't seen improvement
 
mchammer said:
I hate to give this news to all the disinflation deniers:

My church holds fish fry’s every Friday during Lent (6 in total). We tabulated the costs for this year for fish, French fries, hush puppies, cole slaw, cooking oil, etc.: 7 cents per plate higher than last year.

But, but shadow stats!!!
Click to expand...

Adding one. I signed on for an extension on my membership at a local golf course. Rates went up. Course manager told me "revenues went up only 14%, costs were up 23%"

Everything from haircuts to eggs to diet sodas to bread to golf course memberships have gone through the roof. Reality.
 
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mchammer said:
I hate to give this news to all the disinflation deniers:

My church holds fish fry’s every Friday during Lent (6 in total). We tabulated the costs for this year for fish, French fries, hush puppies, cole slaw, cooking oil, etc.: 7 cents per plate higher than last year.

But, but shadow stats!!!
Click to expand...

Money isn't neutral. That means that all prices don't change to the same degree or even in the same direction when money supply inflation occurs. It depends on where the new money is added into the economy and how the injection of money changes consumer demand in relation to other goods.

The other factor is quality destruction. One way producers mitigate price increases is to reduce quality in some way. Think of how things in the past were "built to last" but now break down after use.
 
Monahorns said:
The other factor is quality destruction. One way producers mitigate price increases is to reduce quality in some way.
Click to expand...
You're right. Lower the quality, and sneakily also lower the quantity/amount of product in bags for the same price as the old larger/more filled-up bags (chips, other foodstuffs). Or that pack of 10 pencils for $2.00 is now a pack of 9 pencils for $2.00 (or $2.10)--you see... no, or not much, inflation. The actual15.51 ounce soda, which is rounded up to 16 ounces.
 
And fewer employees, which means a lower level of customer service.
This includes longer lines = wasting customers' time.
 
Monahorns said:
Money isn't neutral. That means that all prices don't change to the same degree or even in the same direction when money supply inflation occurs. It depends on where the new money is added into the economy and how the injection of money changes consumer demand in relation to other goods.

The other factor is quality destruction. One way producers mitigate price increases is to reduce quality in some way. Think of how things in the past were "built to last" but now break down after use.
Click to expand...
The cost of the farm raised catfish went down, which helped with the overall cost as the other items did in fact go up, some substantially. But you don’t eat individual items, you eat a catfish dinner. I will report back if the quality on the catfish dropped.
 
As a food retail leader for the past 15 years, I can tell you inflation is in fact slowing down, but we are still seeing increases in costs (inflation) at a much lower rate than the last two years. We are NOT seeing deflation and don't really think we will see that anytime in the near future.

Biden and libtards will have you believe that paying today's prices is a good thing (because there's "no inflation") when we are currently paying at least 30-40% more for most commodity items from a couple years ago but looking for deflation.
 


It's mostly due to avian flu.

Eggs were held back to keep the flocks alive through the avian flu.
It will take another couple of months or so to finish raising the new generation of young chickens and make them adult egg-laying chickens. Then egg prices will drop (a lot). Per up-thread, this is apparently already happening on the wholesale level.

By the way, this guy Peter Zeihan is possibly the most insightful person who blogs on geo-politics, geography, and global macro-economics to the masses. Don't expect a graduate level seminar on YouTube, but this guy is good. Unlike most of these sorts of commentators, Zeihan is an optimist (at least when it comes to the USA, not so much for Europe or China). He used to be in an Austin-based think tank.
 
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Ukrainian farmers moved from wheat to corn and oil seeds (sunflower, I think). Supply of wheat--down. Price of wheat--up. This is global, so your Pillsbury flaky biscuits and rolls, and your Dave's Killer Bread loaves are higher now, even in the US. If Russia cuts off Ukrainian exports, then the world corn and seed oil supply--down, and prices--up.

Biggest effects of Ukraine wheat exports drying up ---> born by the Middle East.
 
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