Breaking News: New CPI inflation report lowest since 2021

[Harpy Eagle]

I use

I have used Quicken software to track our budgets, income and expenditures for the last I think 21 years. I know what our grocery bills and other expenditures looked like before Biden and what it has been for the last three years. We don't go hungry but we do without a LOT of things we used to be able to afford and enjoy.

So sorry your claims to crystal ball gazing or omniscience isn't working very well today but you don't know me or my situation at all. And a post like yours comes across as really REALLY stupid.

Are you retired and living on a fixed income?

 

[TemplarKormac]

JSTFU with the LIES.

She doesn't need to if you won't disprove them.

But I'm not saying they're lies. Just that you need to say more "you're a liar" to make your point.

 

[AntonToo]

I wouldn't put much faith in what our government says inflation is. They have a vested interest in low balling that number because SS payments are tied to inflation. Anyone who does grocery shopping will tell you that food prices have gone up considerably.

Obvious follow up question - whats the proper measure of inflation?

Whatever some casual shopper or politico guesstimates it to be?

 

[ding]

JSTFU with the LIES.

When it comes to reporting inflation every administration since 2000 has "cooked" the books. It's not a partisan thing. It's a government thing.

 

[Winco]

I know what our grocery bills

Put some numbers to it.

Grocery Bill in May 2020 was ...........
Grocery Bill in June 2020 was ...........
Grocery Bill in July 2020 was ...........

Grocery Bill in August 2024 was ...........

 

[ding]

It was kept too low after 2000 that is for sure. it should have been raised long before it was. By that same vein it does not need to be as high as it is now.

Speak for yourself. I'm enjoying the 5% returns on my money market portion of my portfolio.

 

[C_Clayton_Jones]

For you, the left is beyond reproach.

The left doesn't lie about the economy being bad, unlike Republicans.

 

[AntonToo]

When it comes to reporting inflation every administration since 2000 has "cooked" the books. It's not a partisan thing. It's a government thing.

Pure bullshit. Opposition would be all over a scandal like that.

 

[TemplarKormac]

The left doesn't lie about the economy being bad, unlike Republicans.

And there, you just lied.

You can't make this s**t up, folks.

 

[ding]

Obvious follow up question - whats the proper measure of inflation?

Whatever some casual shopper or politico guesstimates it to be?

If it were up to me it would be food, energy and housing.

 

[AntonToo]

If it were up to me it would be food, energy and housing.

Can you link to it?

And why do auto, electronics and household appliances not count?

 

[ding]

Pure bullshit. Opposition would be all over a scandal like that.

Why? Both parties have done it.

 

[TemplarKormac]

Pure bullshit. Opposition would be all over a scandal like that.

They are. But nobody wants to do anything about it, other than complain and hurl accusations.

 

[ding]

Can you link to it?

No. I'm telling you what should be used to determine inflation. Not what is being used.

 

[Harpy Eagle]

Speak for yourself. I'm enjoying the 5% returns on my money market portion of my portfolio.

I am too, but it is a tiny part of my portfolio

 

[AntonToo]

They are.

SOURCE

 

[TemplarKormac]

Wage growth has outpaced inflation for 19 months now.

But food costs as a percentage of income has increased, negating the wage growth. How many times will people experiencing this type of financial hardship have to tell you in this thread alone?

 

[AntonToo]

No

See thats the problem, you have no objective alternative to what you baselessly claim are bad numbers

 

[AntonToo]

But food costs as a percentage of income has increased, negating the wage growth.

SOURCE

 

[ding]

I am too, but it is a tiny part of my portfolio

I keep 5 years of spend in cash to ride out market collapses so I don't have to sell equities in a downturn. I'm getting ready to move another 2 years into cash before October.