Food Inflation Hits Highs Not Seen Since 1979

[MAGA MAN]

I quote you in full...

Another lie.

[Celticguy]

https://www.cnbc.com/2022/08/11/infl...r-savings.html

Yup, 36% of those surveyed are hitting their savings to make ends meet averaging over $600 YTD. Gen Xers most of all as they've never seen big inflation before.

Obviously the advice is to take a long hard look at what you are spending money on and what you really cant afford. This is pretty hard for a population so accustomed to being fat dumb and happy their whole lives.

This will, of course have a very negative impact on the convenience and retail economies.

So many dominoes yet to fall in this recession.

In the face of high inflation, 36% of people say they have withdrawn an average of $617 from their savings during the first six months of this year, according to New York Life’s latest Wealth Watch survey. In that same time period, the U.S. personal savings rate fell to 5.1% in June from 8.7% in December 2021, according to the most recent measurement from the Federal Reserve Bank of St. Louis.

[Hawkeye10]

I saw a pretty interesting piece the other day by someone who took at two year old grocery store recipe and checked how much the same stuff would be today. I cant remember the result but that it was well north of the official inflation numbers even before accounting for shrinkflation.

[LV426]

Again, without the product, no sale.

Right, but manufacturing the product doesn't make you any money, it only costs you money.

Selling the product is what makes you money.

Manufacturing is a cost, not a revenue stream.

[LV426]

I should really be charging tuition for all the free English lessons I'm giving you.

Doesn't really feel like mocking when you have to explain it after the fact.

[LV426]

I should really be charging tuition for all the free English lessons I'm giving you.

Once again, stealing my lines because you're not clever enough to come up with any of your own.

[LV426]

Another lie.

No, I do...you just don't like it because doing so repeats the shitty things you say here that you're trying to duck accountability for.

[LV426]

I saw a pretty interesting piece the other day by someone who took at two year old grocery store recipe and checked how much the same stuff would be today. I cant remember the result but that it was well north of the official inflation numbers even before accounting for shrinkflation.

How could you know this if you can't remember what you read?

Are you a drunk?

[MAGA MAN]

No, I do...you just don't like it because doing so repeats the shitty things you say here that you're trying to duck accountability for.

Your lie exposed:
Capture.jpg

[Hawkeye10]

How could you know this if you can't remember what you read?

Are you a drunk?

I just woke up, and am working on my first coffee (Chocolate milk is the creamer today).

I dont have the best brain, to make do I must pick what I try to remember, there is not room for everything. The exact number I did not care about here but I did decide that this is a very sound way to check for ourselves what grocery story inflation looks like, and that the government numbers coming in low balled did not surprise me at all. I also put this into context of all of the stories I have seen of people who dont believe the official numbers after the experience of their lives, how people who dont run tests like this believe that they are seeing significantly worse inflation than what the government claims.

[MAGA MAN]

Right, but manufacturing the product doesn't make you any money, it only costs you money.

Selling the product is what makes you money.

Manufacturing is a cost, not a revenue stream.

Except, of course, we are talking about growing an economy. Spending doesn't grow it- creating stuff that others want to buy does.

[floridafan]

I just woke up, and am working on my first coffee (Chocolate milk is the creamer today).

I dont have the best brain, to make do I must pick what I try to remember, there is not room for everything. The exact number I did not care about here but I did decide that this is a very sound way to check for ourselves what grocery story inflation looks like, and that the government numbers coming in low balled did not surprise me at all. I also put this into context of all of the stories I have seen of people who dont believe the official numbers after the experience of their lives, how people who dont run tests like this believe that they are seeing significantly worse inflation than what the government claims.

Would you ever be expected to either tell or admit the truth, sweetheart.

[MAGA MAN]

Doesn't really feel like mocking when you have to explain it after the fact.

"Its not my fault that you're functionally illiterate."

[MAGA MAN]

Once again, stealing my lines because you're not clever enough to come up with any of your own.

Once again, I used your own words against you, and that obviously upsets you.

[LV426]

Your lie exposed:
Capture.jpg

LMAO!

I said you ran your mouth about a stolen election and then didn't go to DC to do anything about it, and you think that's a point for you?