re: #31 silverdolphin
Grocery inflation is at 1%. Why don’t more people know it?
People are so stupid wrt math.
re: #32 JC1
Also, unless we have serious (and damaging) food cost deflation, it’ll take a while for people to get used to the current prices being normal.
re: #42 danarchy
Because of the 20% inflation in the previous couple years. Until wage growth catches up people are gonna be pissed. I mean I am pretty well off finanacially and I wince everytime I get to the checkout at the grocery store, I can’t imagine how much it must suck for someone living closer to the edge. Pointing at math and statistics isn’t going to convince anybody of anything if their personal budget is a disaster.
What danarchy said.
I may be stupid about math and I don’t know what counts as damaging deflation, but I can do arithmetic. And I can definitely tell my fixed-income grocery budget has taken a major hit. The new ‘normal’ prices have soared way past my Social Security COLA — if they’re not coming down, that’s inflation that bites me every day.
I blame the big corporations rather than Biden, but I sure sympathize with the worried consumers out there.