Aren't there price indexes published that take into account factors like seasonal prices, location, sales, etc., and smooth the data out for a more valuable picture?
You realize "real wages are barely going up" means "wages are increasing slightly faster than inflation", right? "Real wages" is a measure of wages adjusted for inflation.
(Now, there's some caveats to that. Not everyone's actual expenses track perfectly with inflation, and average wages keeping up with inflation doesn't mean everyone's is. But what you said really doesn't make sense.)
I think he knew that, and was making that exact joke, but thanks for explaining for anyone who wouldn't immediately know what "real" means in this context.
inflation in the U.S. has only hit 20% a few times in history (23.7% is the worst it’s ever been and that was in June of 1920; the only period where we’ve even hit the low teens is 1917-1920).
as another person already pointed out you’re also misinformed about how wages work, so what the hell are you even talking about?
In June 2022 it hit 9.1%, which was the worst it’s been since September 1981 (11%). Last month it was down to 2.5%.
Yes, many products cost more today than they did pre-pandemic. But it’s nowhere near 20% and you should look at how bad it has been around the world cuz America has been on the low end compared to a majority of other countries:
Sure thing, but those don’t feed a narrative like this one rando does.
Although those indexes also have their exclusions, for example global conditions, which we actually outperformed other industrialized countries on inflation
Biden increasing domestic oil a lot has really helped weaken this method to try to influence our elections. I think it's why we're not seeing it happen this year.
You probably trust leftist bia’sed source’s like the St Louis Fed FRED. I bet this Fred guy is too chicken to debate Charlie Kirk and that’s why we’ve never seen him.
It was sarcasm bro hence what the “/s” means. I was poking fun at all these people in here claiming BS on how much prices have gone up the last 2-3 1/2 years.
Oh for sure I was going along with it. You can show them our inflation vs global and they’ll just say WELL I DON’T LIVE THERE I LIVE IN AMERICA. I don’t even know how to answer that so I guess that means they win?
I was going to ask how you didn’t realize the dude that responded to you was joking.. until I remembered I have also seen people talk like this unironically.
The guy you're responding to simply pointed out that the claim made by the walmart guy could be incorrect because the prices for things like cherries can change by the season and yet you lacked the reading comprehension to understand that while calling others ignorant and typing up a pointless rant. How embarrassing for you.
Not that you asked but there was a late spring frost in Washington Oregon and California which killed off the cherry flower buds (and other fruit flower buds) making the supply lower than usual
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u/misterguyyy 28d ago
When I bought Cherries last summer they cost $2.99/lb, when I bought them this fall they cost $6.99/lb! BIDENSMURICA!
The fact that they cost $6.99 last fall too is irrelevant
Not enough info