How in the hell can they claim “inflation” has nothing to do with actual grocery prices? The system is so far out of touch with reality it is amazing anyone gives them a shred of credibility.
Because if they had to truly report on inflation, and include everything properly, it’s never been what they’ve said, it’s probably been 5x at least, or more.
Because inflation is the devaluing of money due to the amount of money in circulation, not just “prices go up”. When prices increase due to a lack of competition, that’s something different.
That’s incorrect on every level. There is a set “basket of goods” upon which CPI inflation is set. Grocery prices went up, other items went down. The net was zero, but grocery chains are fucking us over for profit because we need to eat to live.
How in the hell can they claim “inflation” has nothing to do with actual grocery prices? The system is so far out of touch with reality it is amazing anyone gives them a shred of credibility.
Because if they had to truly report on inflation, and include everything properly, it’s never been what they’ve said, it’s probably been 5x at least, or more.
Because inflation is the devaluing of money due to the amount of money in circulation, not just “prices go up”. When prices increase due to a lack of competition, that’s something different.
That’s incorrect on every level. There is a set “basket of goods” upon which CPI inflation is set. Grocery prices went up, other items went down. The net was zero, but grocery chains are fucking us over for profit because we need to eat to live.