I would like to thank Pres. Biden for holding steady on his economic course. Inflation and some prices are falling. We can thank ourselves as well.

[thinkingoutloud]

Be careful, though. Some grocery prices are falling but some packaging is also being reduces by the greedy food industry. However, I noticed that for months supermarket shelves have been running over in our neighborhood (DC suburb) as shoppers have been gouging priced items on the shelf and in the butcher and seafood cases. Every week at our local Giant, meat prices have to be cut on prime and choice cuts in order to sell them before the Sell by date. Keep up the good work middle-income and poor shoppers. The wealthy have no problems paying those high prices but their numbers are not what keeps the grocery stores in business. It's the average working family that buys groceries...the wealthy eat out or have it delivered. Pretty soon cereal prices may be back to where a family of five can afford it so long as they don't reduce the amount inside the box again.

 

[Mycroft]

Be careful, though. Some grocery prices are falling but some packaging is also being reduces by the greedy food industry. However, I noticed that for months supermarket shelves have been running over in our neighborhood (DC suburb) as shoppers have been gouging priced items on the shelf and in the butcher and seafood cases. Every week at our local Giant, meat prices have to be cut on prime and choice cuts in order to sell them before the Sell by date. Keep up the good work middle-income and poor shoppers. The wealthy have no problems paying those high prices but their numbers are not what keeps the grocery stores in business. It's the average working family that buys groceries...the wealthy eat out or have it delivered. Pretty soon cereal prices may be back to where a family of five can afford it so long as they don't reduce the amount inside the box again.

So. What you are saying is that people aren't paying the original high prices for meats and, as a result, the stores are reducing prices so they can sell the product. You equate this to "falling prices".

I don't think you realize that the stores are taking a loss. In profit, if not an outright loss.

If this is the result of something Biden did...unlikely, because Biden doesn't know what the **** is being done in his name...believe me, it's NOT a good thing.

btw, inflation for food and energy is NOT falling. Check the CPI for the reality.

 

[redbeer]

Be careful, though. Some grocery prices are falling but some packaging is also being reduces by the greedy food industry. However, I noticed that for months supermarket shelves have been running over in our neighborhood (DC suburb) as shoppers have been gouging priced items on the shelf and in the butcher and seafood cases. Every week at our local Giant, meat prices have to be cut on prime and choice cuts in order to sell them before the Sell by date. Keep up the good work middle-income and poor shoppers. The wealthy have no problems paying those high prices but their numbers are not what keeps the grocery stores in business. It's the average working family that buys groceries...the wealthy eat out or have it delivered. Pretty soon cereal prices may be back to where a family of five can afford it so long as they don't reduce the amount inside the box again.

Biden's policies and actions have cost the average American tens of thousands of dollars that should of went elsewhere, instead of the super high cost of food and electricity. All that free money everyone was getting through Covid sure is paying dividends, lol. Shut the country down, then pay them to stay home.....a double whammy of stupidity. Pay off student debt, even though the SC court said he cannot.....yeah that's great for the working family. Great job Joe!

 

[Individual]

I'm still waiting on the USD to stabilize relative to other currencies.

 

[Callen]

Inflation leveling, food prices coming down, job growth slowing......maybe , just maybe the fed moves soon.

 

[Slavister]

What a silly discussion.

Inflation going up was not Biden's fault. Inflation coming down is not Biden's doing either.

 

[iamwhatiseem]

Meanwhile the average cost of daily goods and services has risen $13,000 for every American family.

 

[Donatello]

Meanwhile the average cost of daily goods and services has risen $13,000 for every American family.

Wow. Where'd you get this whopper? You don't even bother cite a source. We should believe this because you say so?

 

[iamwhatiseem]

Wow. Where'd you get this whopper? You don't even bother cite a source. We should believe this because you say so?

Inflation continues to hit Americans' bank accounts hard, and Minnesotans need more than the average. The Joint Economic Committee says Minnesotans need nearly $13,000 to afford the same standard of living they had just a couple of years, with average between $11,500 - $15000 across America

Report: Inflation impacting Minnesotans more than national average

New numbers from the federal government show the average American needs nearly $11,500 in additional funds just to maintain the same standard of living they enjoyed in 2021.

www.cbsnews.com

 

[Callen]

Inflation continues to hit Americans' bank accounts hard, and Minnesotans need more than the average. The Joint Economic Committee says Minnesotans need nearly $13,000 to afford the same standard of living they had just a couple of years, with average between $11,500 - $15000 across America

I think that using the term 'daily goods and services" is a misrepresentation as is calling this all a result of inflation. For example house insurance has risen astronomically in many , many locations and it's not because of inflation, it's because of climate driven events. I also think comparing any year to 2021 is not a fair comparison. 2021 was a bizarre year economically. My next door neighbour is an executive at a large restaurant chain. I asked him what was driving the jump in restaurant prices, which in my view have skyrocketed, he said the biggest increase had been in salaries. He said after Covid both front and back wages jumped dramatically due to staff shortages and they haven’t come down. Good wait staff is still hard to find.

However, there is no doubt inflation has put a strain on many people's budgets but the truth is that they must adjust to these realities. Inflation will slow, maybe even retract a bit but prices aren't going down.

 

[iamwhatiseem]

I think that using the term 'daily goods and services" is a misrepresentation as is calling this all a result of inflation. For example house insurance has risen astronomically in many , many locations and it's not because of inflation, it's because of climate driven events. I also think comparing any year to 2021 is not a fair comparison. 2021 was a bizarre year economically. My next door neighbour is an executive at a large restaurant chain. I asked him what was driving the jump in restaurant prices, which in my view have skyrocketed, he said the biggest increase had been in salaries. He said after Covid both front and back wages jumped dramatically due to staff shortages and they haven’t come down. Good wait staff is still hard to find.

However, there is no doubt inflation has put a strain on many people's budgets but the truth is that they must adjust to these realities. Inflation will slow, maybe even retract a bit but prices aren't going down.

That is reaching really high there... but do keep it up... the 'inflation denial" tactic has been working so well for you guys!! Keep it up!!

 

[Callen]

That is reaching really high there... but do keep it up... the 'inflation denial" tactic has been working so well for you guys!! Keep it up!!

Inflation denial? If you want to address me and my post please do me the courtesy of not misrepresenting what I said.

 

[iamwhatiseem]

Inflation denial? If you want to address me and my post please do me the courtesy of not misrepresenting what I said.

Sure seems that way to me, I reread your post.
You are marginalizing it.
"People have to adjust" - well most people can't do that in the terms of mitigating the historic price hikes.
In one way, you are correct, I go to the grocery store and see people still buying 47 bottles of pop and 12 bags of various potato chips... but they have always been doing that. And even with that, they use to buy 60 bottles of pop and 20 bags of chips.
At the end of the day, inflation from 2020 on is hurting people. Some really bad, others like my wife and I - it is harming our ability to save money that we have been saving. We have put away $1000/mo for liquid retirement funds in CDs (we are 60 and 59). We can't do that anymore. We have been lucky if we can put back more than $3-$400 a month.

 

[L88]

Be careful, though. Some grocery prices are falling but some packaging is also being reduces by the greedy food industry. However, I noticed that for months supermarket shelves have been running over in our neighborhood (DC suburb) as shoppers have been gouging priced items on the shelf and in the butcher and seafood cases. Every week at our local Giant, meat prices have to be cut on prime and choice cuts in order to sell them before the Sell by date. Keep up the good work middle-income and poor shoppers. The wealthy have no problems paying those high prices but their numbers are not what keeps the grocery stores in business. It's the average working family that buys groceries...the wealthy eat out or have it delivered. Pretty soon cereal prices may be back to where a family of five can afford it so long as they don't reduce the amount inside the box again.

So it would appear Inflation didn't really hit until Biden became President.

Current US Inflation Rates: 2000-2025

The annual inflation rate for the United States was 3% for the 12 months ending January, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on February 12, 2025. The next inflation update is scheduled for release on March 12 at 8:30 a.m. ET...

www.usinflationcalculator.com

 

[Callen]

Sure seems that way to me, I reread your post.
You are marginalizing it.
"People have to adjust" - well most people can't do that in the terms of mitigating the historic price hikes.
In one way, you are correct, I go to the grocery store and see people still buying 47 bottles of pop and 12 bags of various potato chips... but they have always been doing that. And even with that, they use to buy 60 bottles of pop and 20 bags of chips.
At the end of the day, inflation from 2020 on is hurting people. Some really bad, others like my wife and I - it is harming our ability to save money that we have been saving. We have put away $1000/mo for liquid retirement funds in CDs (we are 60 and 59). We can't do that anymore. We have been lucky if we can put back more than $3-$400 a month.

Then perhaps it's a comprehension issue. Saying inflation is real and has hurt people is not denialism. Saying those prices are here to stay and we need to adjust to them isn't denialsm, it's reality.

 

[Greenbeard]

Shut the country down, then pay them to stay home.....a double whammy of stupidity.

That was Trump.

 

[Callen]

So it would appear Inflation didn't really hit until Biden became President.

Current US Inflation Rates: 2000-2025

The annual inflation rate for the United States was 3% for the 12 months ending January, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on February 12, 2025. The next inflation update is scheduled for release on March 12 at 8:30 a.m. ET...

www.usinflationcalculator.com

As it would have if Trump was President. Inflation happened and is happening everywhere.....the US isn't special that way.

 

[eohrnberger]

So. What you are saying is that people aren't paying the original high prices for meats and, as a result, the stores are reducing prices so they can sell the product. You equate this to "falling prices".

I don't think you realize that the stores are taking a loss. In profit, if not an outright loss.

If this is the result of something Biden did...unlikely, because Biden doesn't know what the **** is being done in his name...believe me, it's NOT a good thing.

btw, inflation for food and energy is NOT falling. Check the CPI for the reality.

Further:

Unexpected bad news for inflation: Wholesale prices rose in June​

https://edition.cnn.com/2024/07/12/economy/us-producer-price-index-inflation-june/index.html

The OP's just trying to put lipstick on a pig.

 

[Bok Tuklo]

Inflation continues to hit Americans' bank accounts hard, and Minnesotans need more than the average. The Joint Economic Committee says Minnesotans need nearly $13,000 to afford the same standard of living they had just a couple of years, with average between $11,500 - $15000 across America

Report: Inflation impacting Minnesotans more than national average

New numbers from the federal government show the average American needs nearly $11,500 in additional funds just to maintain the same standard of living they enjoyed in 2021.

www.cbsnews.com

Wow. Obamacare worked.

 

[L88]

As it would have if Trump was President. Inflation happened and is happening everywhere.....the US isn't special that way.

Spending and borrowing under Trump, Biden, and Fed money policy were key contributors to the big inflation hit we took.

 

[iamwhatiseem]

Then perhaps its a comprehension issue. Saying inflation is real and has hurt people and is not denialism. Saying those prices are here to stay and we need to adjust them isn't denialsm, it's reality.

Don't be an ass, "comprehension"... sometimes there is misfires in communication with doing so via keyboards. You don't have inflection, context may be confusing because the writer assumes the reader knows what they are saying etc.
It often can take a few back and forth messages before everything is understood.
To me, you sound like your are marginalizing daily purchase items. as to how much it is hurting people.
They may not be your intent, but given I am very-very use to it on a forum where 95% or higher members are liberal.

 

[Callen]

Don't be an ass, "comprehension"... sometimes there is misfires in communication with doing so via keyboards. You don't have inflection, context may be confusing because the writer assumes the reader knows what they are saying etc.
It often can take a few back and forth messages before everything is understood.
To me, you sound like your are marginalizing daily purchase items. as to how much it is hurting people.
They may not be your intent, but given I am very-very use to it on a forum where 95% or higher members are liberal.

.....be careful of name calling, it's frowned upon.

 

[iamwhatiseem]

Wow. Obamacare worked.

View attachment 67519935

Less people are going to the doctor.

Why more Americans are putting off going to the doctor

Nearly a third of Americans lack access to primary care services, including routine checkups, while 40 percent of U.S. adults say they’re delaying care or going without because of the financial costs. We hear from people around the country about the barriers they face and then John Yang speaks...

www.pbs.org

Nearly 1 in 5 Americans haven't seen a doctor in over five years | Online Doctor

According to a new survey by OnlineDoctor.com, for some, a lack of access and transparency, high costs, discrimination, and misdiagnoses have created an environment of distrust and avoidance of doctors in America.

www.onlinedoctor.com

 

[iamwhatiseem]

.....be careful of name calling, it's frowned upon.

That is not calling you a name, that is saying don't be like that.
Yes, I am well aware that name calling is frowned upon significantly... however you can call someone a racist/sexist/homophobe all day and that is perfectly ok.

 

[Greenbeard]

Further:

Unexpected bad news for inflation: Wholesale prices rose in June​

https://edition.cnn.com/2024/07/12/economy/us-producer-price-index-inflation-june/index.html

The OP's just trying to put lipstick on a pig.

Producer Price Index News Release summary - 2024 M06 Results

www.bls.gov

"Prices for final demand foods declined 0.3 percent, while the index for final demand goods less foods and energy was unchanged."