• BarqsHasBite@lemmy.world
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      3 hours ago

      That’s because low inflation does not mean prices come back down, which is what people expect. So technically inflation is not out of control. But prices are still high. That’s what people mean.

          • rigatti@lemmy.world
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            2 hours ago

            It’s not pedantic. People just literally don’t understand what inflation means. Wage growth, apparently, has caught up to inflation, so it’s really just that people haven’t adjusted their mindset to the higher prices now. And they’re angry about it.

            • BarqsHasBite@lemmy.world
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              2 hours ago

              It’s not pedantic. People just literally don’t understand what inflation means

              In almost everything there is the scientific or technical definition of the term, and then there is common parlance. People will never know the technical terms, just accept that because all you’re accomplishing is being pedantic.

              • rigatti@lemmy.world
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                2 hours ago

                How basic of terms should we give up on? Inflation is not a difficult concept. I would barely call it a technical term.

                • BarqsHasBite@lemmy.world
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                  2 hours ago

                  Let me know if you stop people from using the word theory incorrectly. That’s only been going on for centuries, surely we’ll educate everyone any day!

                  • rigatti@lemmy.world
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                    60 minutes ago

                    You jest, but seriously, inflation is not that hard to understand. You apparently have a very low threshold for calling something pedantic.

    • SquatDingloid@lemmy.world
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      5 hours ago

      Food inflation is outpacing wage growth

      People don’t give a shit what the CPI is

      Their grocery runs cost more for less food, so there is a problem with wage growth or food prices that the Dems are not willing to acknowledge

      • rigatti@lemmy.world
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        2 hours ago

        Food prices are a component of CPI. Food inflation is also around 2%, which is like the ideal inflation rate: https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/

        Note that it was out of control a couple years ago, which is why prices went way up. I haven’t looked at the statistics, but what I have heard is that wage growth, generally, has caught up to inflation, which includes food prices. This is still a feels over reals situation. People feel that their food is too expensive, and Republicans are way better at addressing the feels. One of my favorite signs around the neighborhood said “TRUMP LOW PRICES || KAMALA HIGH PRICES”. Like, yeah, that definitely makes sense. Well explained.

      • chonglibloodsport@lemmy.world
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        1 hour ago

        But it’s not just grocery stores as everyone thinks. Prices are up all the way along the supply chain. Supplies, feed, and seed for farmers are way up too.

      • ReCursing@lemmings.world
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        5 hours ago

        What do you think the economy is? It is made up of price gouging and parapsychology <yes I know that’s ghosts>

    • TreeGhost@lemm.ee
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      5 hours ago

      Its not out of control now, but that doesn’t cancel out previous high inflation rates on things. If people wages haven’t kept up then they may not be able.to still afford the standard of living they had a few years ago.