While shopping at my local warehouse in Southern California today, I decided to order a family meal from a local restaurant for us to pick up upon leaving the store; to my surprise, the family meal had gone up from $35 not too long ago to $43; that's almost a 23% increase in price. I have seen increases at other restaurants as well and even at local wholesale warehouses, which typically try to keep prices low.
When you read the economic reports out there, they mention that inflation is under control and play a positive tune; as a consumer, I see the total opposite….what are you seeing?
P.S. Let's see if this post makes it; I had the name of the restaurant and warehouse included in my original post and it kept getting flagged and automatically removed.
Prices are still increasing
byu/Lopsided-Holiday-760 ineconomy
Posted by Lopsided-Holiday-760
7 Comments
>they mention that inflation is under control and play a positive tune
Well, they*re repubs, they’re lying…
Maybe more sensible to view it as a dramatic decline in the value of the dollar. Trumpanomics at work. When I was a child I collected stamps. You can see the slide in the value of the Deutschmark under Hitler. A letter that cost 1 DM to mail when Hitler gained power ended up costing 100,000 DM to mail after Hitler’s kleptocracy had been at the helm for some years. The cost of mailing a letter didn’t really increase. The value of the currency decreased.
California, enough said. Ran by incompetent democrats.
Yes, food away from home is increasing at higher rates because the population is becoming more affluent. As the consumption by the middle and upper middle class increases at higher rates, so does inflation for what they are consuming.
Inflation has slowed. Prices can continue to increase – just a slower rate usually defined by the Fed as the target inflation rate. At least for the items tracked which is not always realistic IMO.
Prices coming back down is not realistic either. Deflation is not healthy economically at the macro level. Sure it might be welcome for us individually. But deflation and stagflation are actually miserable too.
The partisan responses in the thread are typical. The GOP cried foul when the Dems were celebrating inflation eased just a year or so ago. Now the Dems are crying foul with the GOP celebrating inflation is cooling. It is just usual political posturing. Like majority parties wanting to end the Filibuster while minority parties celebrate it as part of democracy. Wait for the next election and the talking points reverse as though no one can read tweets, interviews or watch YouTube videos of them taking the opposite approach and vice versa. Don’t fall for it.
And price increases will continue until moral improves!
You can expect prices to keep going up, policy ensures it. We don’t even have all the tariff increases yet. With the demand destruction we will likely see price increases again as earnings fall short which will just lead to more demand destruction. We’ve got an extremely fragile economy now and too many wrong moves go uncorrected will likely cause it to circle the drain especially if there is a significant market pullback