There are so many measures of inflation and the data is manipulated in so many different ways it's almost impossible to ever figure out what's really going on, other than what you see for yourself when you got to the store to buy groceries or a restaurant to buy a meal.
I know that when I last went to Fred Meyer and bought a 6 pack of 16oz Coke, the price had jumped from $6.99 to $8.99. That's a 30% increase. I read a story where Mickey Ds raised their price on a "Deal Meal" in CA to $25. $25 for a fast food meal? Come on! They attribute it to the new $20/hr Min Wage for fast food workers in CA. Right.
Seems to me Da Fed is losing control of the printing press.
https://www.cnbc.com/2024/04/10/the-supercore-inflation-measure-shows-fed-may-have-a-real-problem-on-its-hands.html
The 'supercore' inflation measure shows Fed may have a real problem on its hands
RE
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands
Started by RE Apr 11, 2024, 01:31 AM
Message path : / Society / The American economy / Currency Markets & Inflation #2
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