On the news last night they announced 7 % inflation over last years prices. BUT they then post a chart of comparision to certain products.
Gas up 54%
Cars up 37%
rent up 41%
Meat up 39%
Cleaning products up29%
How in the heck do they come up with only 7 % . Not anything I seen gone down to pull the inflation down to 7 %

New libtard DemonRats math

I think they base it off the consumer price index which makes the numbers look better but don’t quote me on that. Either way it’s junk math

it is all bs and the thing is that alot of folks believe it.....some people watch cnn all day long...

I think we have trouble coming....well, more than is already here...way more.

yep that 30 to 40 percent inflation seems closer to real.

7% per day.

SS went up 5.9% and then they raised the medicare premium cost wiped out the raise. Ive said it before money profit greed rule, man creates inflation man can stop it or bring under control.Those that have the deep pockets dont care about inflation. Have ya ever heard a millionaire complain about cost, gas food medical .

There are literally million of different products sold in the US. Some of those products only increased very little in price and some even decreased. The actual inflation rate may well be 7%. Since most Americans don't buy those other products and do buy the ones listed, the effective inflation rate is beyond terrible right now.

Lets Go Brandon!

Keith

Yes I have. They didn't get to be millionaires by being foolish with their money. The ones I know tend to have a pretty good handle on where every penny is going.

Must be the fur prices that are offsetting the increases of other consumer goods! Doing our part to keep inflation down, LOL.

I would think those with deep pockets care most about inflation. They have a lot more to lose than those with shallow pockets.

Inflation hurts those who save money at no or low rates of return worst. It hurts those whose income doesn't rise to keep pace with inflation the second worst.

Keith

Good point Keith. I don't think anyone will see a 7% cost of living raise

The rich have exploited the tax loopholes like forever to keep from paying a fair taxable amount on their millions or billions some even say it isnt right but they keep doin it.Those that control the markets are the ones that control cost. Everyone should be sick and tired of pandemic blame for this. Find it hard to pat a the filthy rich on the back when they made that money on the sweat and labor by what i believe to be were the middle and lower class. Wages for years have not keep up with inflation, how many times have workers got a pay raise to have it wiped out by a tax increase or insurance that went and other rising costs at the time.

Correct . That's why many people try to spend their money as fast as possible in an inflationary environment. But.........all that does is drive prices higher, faster.

And those that try to not to blow what monies they have are still at the mercy of what seems to be constant rising prices,those monies only go so far. Still when ya step back and look at D.C and the house and senate and make a list of all the millionaires that have been elected that are supposed to be working for all the people that they are not.they are the ones that write the laws our nations rule book have the biggest hand in writing what should be fair tax laws for all people. maybe they should all make public their net worth and all things and companies they have ties to and show all Americans where the money lays.

Yup! Everyone I know who has made a lot of money in life watches their spending closely. That's nothing new. Read the book, "The Millionaire Next Door" it will be a real eye-opener for you.

Spoken by a guy who can't wait to get his tax "Refund" of the money he never even paid in. Oh wait, that money is provided by those rich people you hate.

In Cincinnati, Ohio, the long term employees of Proctor & Gamble, including the factory workers, who took the stock options offered them, all became millionaires.

Rich people, for the most part work smarter, harder and longer hours than poor people. They also take much more risk.

Keith