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Comments (134)
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86
NazisWereSocialist 86 points ago +87 / -1

lol if this is what they're admitting the real number is at least double, calculate CPI using the old formula and you'll see it's much worse than %8 and it's not slowing down.

46
Nameless_Mofo 46 points ago +48 / -2

I believe CPI excludes food and energy. You know, the shit that everybody needs to survive and which is up at least 30% in the last year.

The real inflation figure has to be at least 25-30%.

39
Wordlife187 39 points ago +41 / -2

Gas is up 98.7% under Potatus so inflation should be around the 50% mark

5
45ForEver2024 5 points ago +6 / -1

We need to give Gas companies more tax breaks as their profits are bad.

10
dr_gonzo 10 points ago +10 / -0

Tax breaks aren't the problem. Americans pay 45% of the national income in some form of taxes or another. We are taxed to death.

The problem is SPENDING. And what do we waste all this money on? Entitlement programs. They account for over 75% of federal spending. In other words, Americans need to figure out how to provide for themselves again because the people who refuse to do so are taking the entire ship down.

As far as I'm concerned, everybody and everything should get lots and lots of tax breaks. According to the founders, we're not even supposed to have direct taxation at all anyway.

4
MLGS 4 points ago +4 / -0

There are certain demographics where you can give them unlimited amounts of money and it just evaporates instantly. If you gave East St. Louis $100 billion with no restrictions or oversight right now, you'd see two Tesla charging stations get built and absolutely no other meaningful changes to anything.

5
thisisatestof2 5 points ago +5 / -0

The big issue is the cost of diesel, which Has a much larger effect on the cost of necessities, particularly food.

-22
Geralt_of_Rivia1 -22 points ago +4 / -26

Gas is not up 98.7% from May 11th 2021

9
CRKFIEND 9 points ago +9 / -0

May 11th 2021 is not the day Potatus took over.

-6
Geralt_of_Rivia1 -6 points ago +1 / -7

Inflation is expressed annualized

3
MLGS 3 points ago +3 / -0

I don't care when we're all getting analized.

-1
Geralt_of_Rivia1 -1 points ago +1 / -2

Inflation is high but I am having my earnings increase far faster

3
-4
Geralt_of_Rivia1 -4 points ago +4 / -8

2.961 a gallon, now 4.382, 47% increase. Not 98%.

7
Keiichi81 7 points ago +7 / -0

I'll give him the benefit of doubt and assume he mistyped and meant May of 2020, where it was 1.87, but that's a 134% increase. Not entirely fair either since Trump was still in office.

Gas was 2.334 when Trump left office, which comes out to an 87% increase.

So yeah, not sure where he got 98% from, or why you got downvoted so heavily. You're correct.

5
BidenLikesMiners 5 points ago +5 / -0

hes downvoted cause he says dumb shit defending biden

-2
Geralt_of_Rivia1 -2 points ago +1 / -3

Inflation is annualized

3
ImWhiteAndThatsOK 3 points ago +3 / -0

He said since Biden took over. It was 2.379 before inauguration. It was 2.096 day after the selection. Therefore, increases of 81.9% and 106.5%.

-2
Geralt_of_Rivia1 -2 points ago +1 / -3

Inflation is annualized

2
bubadmt 2 points ago +2 / -0

Is that really your argument?

-2
Geralt_of_Rivia1 -2 points ago +1 / -3

Inflation is annualized. I am looking at one year ago

-3
deleted -3 points ago +3 / -6
2
BostonVoter [S] 2 points ago +2 / -0

Up 100% , no... up 200%

9
mark2398 9 points ago +9 / -0

Wife asked me to pick up a dozen eggs while I was out. I think I did the same thing about a year ago and eggs were $1.25 at Walgreens. Anyways, I grabbed a dozen while I was out and at the cash register it was five bucks. I don't know how they exclude food from the CPI. This is untenable.

3
Newuser99 3 points ago +3 / -0

Walgreens sucks ass for anything. Usually basic eggs are like $2 or led still

2
mugatucrazypills 2 points ago +2 / -0

How about ALDI ?

Merkel probably launders through there, so they can give eggs half price.

Make it up on volume

2
KernalMustard 2 points ago +2 / -0

Isn't Aldi a car maker?

2
BidenLikesMiners 2 points ago +2 / -0

No thats girardi

2
_Sully_ 2 points ago +2 / -0

Isn’t that a parasite?

1
mugatucrazypills 1 point ago +1 / -0

Or something

1
FarmerJohn 1 point ago +1 / -0

No they are a German owned grocery store in over 20 countries, the USA being one of them.

5
caKAG 5 points ago +5 / -0

Core CPI excludes food and energy (which was 6%). But either way, inflation feels a lot worse than what they tell us.

4
mugatucrazypills 4 points ago +4 / -0

Just buy a 60k car man.

3
BidenLikesMiners 3 points ago +3 / -0

and a 10k green charger for it, and a 20k solar setup

4
JLoonacy 4 points ago +4 / -0

It does not exclude food and energy. The core CPI excludes food and energy but CPI overall includes it. Still, the numbers are fake and inflation is much worse than what the CPI says it is.

1
BidenLikesMiners 1 point ago +1 / -0

I think that joe hired the same people who said phizer was safe to calculate our Inflation 👌

11
Cesare_Borgia 11 points ago +11 / -0

This website attempts to calculate inflation the way it used to be calculated.

http://www.shadowstats.com/

6
HIGH___ENERGY 6 points ago +6 / -0

TLDR?

Don't have time to read that

11
Geralt_of_Rivia1 11 points ago +13 / -2

16% annual inflation

5
usdodsgssog 5 points ago +5 / -0

Just go here and look at the charts LOL

http://www.shadowstats.com/alternate_data/inflation-charts

3
Geralt_of_Rivia1 3 points ago +4 / -1

16% claimed

6
Concerned__Citizen 6 points ago +6 / -0

What is the old formula? How do we calculate to show the real CPI?

4
BeijingJoeHastoGo 4 points ago +4 / -0

Add in fuel and food.

2
Liberty0rdeath 2 points ago +2 / -0

Watch real wages Biden vs Trump. It’s horrifying.

1
deleted 1 point ago +1 / -0
40
deleted 40 points ago +40 / -0
20
BostonVoter [S] 20 points ago +20 / -0

Transitory lol

3
MrsHart 3 points ago +3 / -0

It is transitory. It will get much worse. The puppet never said it would get better and if he did, he meant for himself and his cronies.

2
BidenLikesMiners 2 points ago +2 / -0

BIGOT. WE ALSO GAVE YOU .16 CENTS FOR JULY FORTH. STOP BEING SUCH A RACIST DRUMPFER

35
EDDIT_IS_CUCKED 35 points ago +36 / -1

Fake and gay. Everything is 30% more expensive now.

1
EdmondDantesDog 1 point ago +1 / -0

And includes 50% extra trans !!

1
cook_does 1 point ago +1 / -0

Only in the female bathroom at Target.

-4
Geralt_of_Rivia1 -4 points ago +4 / -8

30% relative to may 11th 2021?

8
EDDIT_IS_CUCKED 8 points ago +10 / -2

Probably more, to be honest.

-9
Geralt_of_Rivia1 -9 points ago +2 / -11

By what metrics? Lumber for instance is down 15%

6
EDDIT_IS_CUCKED 6 points ago +7 / -1

Congrats, you cherry picked one item that is down over the last year.

Oh, but you forgot to mention that it's down 15% from it's peak of being 6x higher than in 2020. Plywood used to be $12. It's fucking $60 now, dipshit.

-2
Geralt_of_Rivia1 -2 points ago +1 / -3

Inflation is annualized.

2
BidenLikesMiners 2 points ago +2 / -0

Biden add: Lumber is now at all time low of 1,000$ per thousand feet. it hit 1,733$ during bidens first year.

it was 400-600$ under drumpf

-1
Geralt_of_Rivia1 -1 points ago +1 / -2

Inflation is measured annually, not from the last administration

22
MobileDev4Trump 22 points ago +22 / -0

Fake math. I paid more for groceries yesterday than I ever had and I bought less than normal.

13
BillionsAndBillions 13 points ago +13 / -0

Have you tried lowering your expectations?

11
RabidZoo 11 points ago +11 / -0

Like eating bugs and owning nothing?

4
BidenLikesMiners 4 points ago +4 / -0

Just buy a farm, plebs.

2
BillionsAndBillions 2 points ago +2 / -0

That's the ticket! Sounds like you're ready to 6uild 6ack 6etter!

9
RabidZoo 9 points ago +9 / -0

I got stuff for lunch for the week and some odds and ends...3 plastic bags not even full...over a hundred bucks. And mostly store brand stuff too.

17
BostonVoter [S] 17 points ago +17 / -0

Futures were up over 300 points... and at this moment. That's been wiped away, and now futures have turned negative. Because the expectations were 8.1% . Previously 8.6% , landed at 8.3%. Bottom line, the market doesn't like this.

9
Cesare_Borgia 9 points ago +9 / -0

I think the markets still think the feckless fed is actually going to raise rates to a meaningful level to fight this inflation. I bet they won't and will instead start cutting again as the markets tank. We'll see!

12
BostonVoter [S] 12 points ago +12 / -0

Today the National Diesel and Gas averages have hit their all time highs , we are so fucked

3
MobileDev4Trump 3 points ago +3 / -0

Is that adjusted for inflation though? Carter years were pretty bad although Biden is Carter 2.0.

3
FauciOuchi 3 points ago +3 / -0

The fed is weak and people can’t deal with pain. Rates will drop in a few months

16
MissingTrump 16 points ago +16 / -0

Don't worry, we will soon see a CNN article claiming this is a sign of a growing economy or some bullshit.

8
BillionsAndBillions 8 points ago +8 / -0

"Inflation only hurts the wealthy!"

9
LoobintheToobin 9 points ago +9 / -0

Amazingly written three months ago.

‘Why inflation can actually be good for everyday Americans and bad for rich people’ cnn business https://patriots.win/p/141FJsdjpW/they-actually-did-it-they-actual/

4
MissingTrump 4 points ago +4 / -0

Lol I swear I didn't read this before my prediction. Wow.

2
BidenLikesMiners 2 points ago +2 / -0

FUCK these demons

13
grassshrimp 13 points ago +13 / -0

I'm all bonds now. Until recently, Fidelity has been telling me that inflation was transitory, it has been my first question during my reviews. I have lost trust in virtually all institutions, they have an agenda and it doesn't align with my well being.

8
FauciOuchi 8 points ago +8 / -0

Exactly

5
AlphaOverBetaReturns 5 points ago +5 / -0

Bonds are getting wrecked in real terms, but at this point the damage is already done. Unfortunately, money market / cash / CDs are the least ugly horse in the glue factory. You can also get up to 10k in 9.62% IBonds per SSN in your household to at least stop some of the bleeding, but they can't be purchased in retirement accounts. If the late 70s / early 80s are any guide, your bonds will eventually recover in real terms but it may take several years.

2
IRScansuckmyanus 2 points ago +2 / -0

If inflation stays high for the next decade(which many believe it will) bonds are going to be destroyed. Better to buy stocks with decent dividends and high dividend growth rates like ABBV, AVGO, HD, TXN, BMY etc. Throw in some REITs and CEFs and let the dividends compound.

12
Right0hio 12 points ago +12 / -0

8.3 is a Democrat wet dream, the real number is higher than giraffe nuts.

2
Logan051361 2 points ago +2 / -0

Hahaha higher than giraffe nuts

9
bubadmt 9 points ago +9 / -0

TRUMP CAN’T KEEP GETTING AWAY WITH THIS! 😭

9
Joaniev9 9 points ago +9 / -0

So cash will be toilet paper by fall.

4
BostonVoter [S] 4 points ago +4 / -0

🤣🤣 I'm using it for toilet paper now....

2
Wordlife187 2 points ago +2 / -0

Fall of.....2021?

8
Pelosi_Halitosis 8 points ago +9 / -1

Real wages have fallen the past 13 months. You could have bought more with $7.50/hr than $15/hr.

3
FauciOuchi 3 points ago +3 / -0

Tech bros getting their salaries doubled . Inflation is real and prices are here to stay

2
FratPatriot99 2 points ago +2 / -0

i wish mine was doubled lol

7
GEOTUSMAGA 7 points ago +7 / -0

They're copying the 20th century playbook. Expect depression and world war soon.

1
LoobintheToobin 1 point ago +1 / -0

With famine icing

4
CMDRConanAAnderson 4 points ago +4 / -0

Can someone who lived through the that 70's depression explain something? From what I research and hear, the recession at the time created inflation that supposedly corrected at some point years after, however I don't buy that, if you follow price history of goods all the way back to 1920s where pennies were loaded with buying power the record does not create that roller coaster graph they claim to have experienced. What is the truth about inflation and possibility that these inflation prices are here to stay with no opportunity for deflationary correction?

1
Voteordie 1 point ago +2 / -1

They are always here to stay, deflation is catastrophic for an economy, it essentially spells the end of hiring for a year and likely massive layoffs.

The only way inflations effect is mitigated is through labor price upticks

4
mugatucrazypills 4 points ago +4 / -0

Ive been rubbing fuel prices in my lib neighbors face when I drive by in my Tesla.

"Joe Biden says you should just buy one of these. Too bad you can't afford much right now because of how he screwed up the economy."

It's the little things.

4
ravioli_king 4 points ago +4 / -0

Only 40 year highs, because Carter was so bad they had to alter the metrics for what is inflation when Regean came in.

It's closer to a 100 year high from the Great Depression.

4
Ocineaa 4 points ago +4 / -0

Why don't they factor in gas prices in inflation?

3
cbonez416 3 points ago +3 / -0

under the old number counting for inflation.... This number is more like 12% We are fucked

3
AllTheWayTrump 3 points ago +3 / -0

8% except for anything you actually use, then it's much higher.

3
ShivanBird 3 points ago +3 / -0

The headlines say that inflation "slowed" to 8.3. Ridiculous.

3
Mrsattorney 3 points ago +3 / -0

"....and that strength that we built is Inflation..." (POTATUS, 5-10-22)

2
MAGA_____bitches 2 points ago +2 / -0

Its 8% per month

2
Brownwaterboys 2 points ago +2 / -0

real inflation is 15-20% not this 8% bullshit

2
barney85 2 points ago +2 / -0

inflation is probably closer to 30%

2
Navypilot100 2 points ago +2 / -0

It would be 0 if trump where president

1
45ForEver2024 1 point ago +1 / -0

He did allow the left to shut down the country right before the election.... So I don't think that is 100% correct.

0
sod_off_shotgun 0 points ago +1 / -1

More like 1.5% - 2%

This has been a disaster

-1
Voteordie -1 points ago +2 / -3

A portion of this is trumps fault, he pumped the economy full of fake money during the early pandemic and shut down the country, no one is free of blame here unfortunately.

3
sod_off_shotgun 3 points ago +3 / -0

I'm a Trump supporter but not a Trump cult member, so I was correcting the guy above, but I agree with half of what you said. I was probably wrong about the inflation- I was comparing it with the inflation numbers prior to the pandemic. You're right that him signing the "relief" bill contributed much more than 2%.

But I disagree with the second part- he did not shut down the country, individual states did. California and New York destroyed the lives of their residents, while Florida barely affected them.

1
TehAgent 1 point ago +1 / -0

^ This. Trump didnt shut anything down. The CDC and individual states did. Trump did what he had to do as a reaction to it, which was help people. All he did was sign the bill that Congress came up with.

2
cook_does 2 points ago +2 / -0

I feel like it will be more economical to wipe my ass with $20.00 bills soon that toilet paper.

1
CentralAmericanPede 1 point ago +1 / -0

Great Reset alert

1
Patriots123 1 point ago +1 / -0

Shocking...

1
TrumpTrain_MAGA2020 1 point ago +1 / -0

LOL - double that, and you might be getting close.

Triple it, and now we're talking real-world numbers.

1
Gunmolester 1 point ago +1 / -0

strange...everything im buying is 50 to 200% higher

1
67Vert 1 point ago +1 / -0

8% my fucking ass. It's 20-30% but the masses will believe whatever MSM tells them, even as they pay their bills.

1
MythArcana 1 point ago +1 / -0

Biden setting records left and right, none of them good.

1
SecedeNOW 1 point ago +1 / -0

End the Fed.

1
dagoat4l 1 point ago +1 / -0

8% my ass more like 25% now. We getting our assholes blown out no lube special. We make a porn star blush.

1
deleted 1 point ago +1 / -0
1
DemsH8America 1 point ago +1 / -0

Dems: 8.3…. Nothing to see here

Also Dems if they aren’t in office: evIL RePuBlicAns cAuSinG inFlaTioN!!!! 😭😭

1
CH3NO2 1 point ago +1 / -0

Of course the CNN headline was "inflation slows." Dickheads, inflation is still eating anybody alive that doesn't have Dem political connections or a 9-figure income.

1
Error404LifeNotFound 1 point ago +1 / -0

REMEMBER: Inflation rate is annualized.

That means that if we have a year of consistently high inflation, the 'official' number will drop.

1
Bandanna1 1 point ago +1 / -0

Yeah so next year they will be super happy when they claim inflation was ONLY 7.8%, down from 2022! And the fat lard Trans lgbtqai NPC will say, see it gettin' bettuhh - as they shove a tofu and cockroach numeatball in their mouth.

1
LtPatterson 1 point ago +1 / -0

lol as if 8.3% is even close to the actual number. Gas jumps $.15 a week!

1
mugatucrazypills 1 point ago +2 / -1

It's okay. Government will just send out checks to anyone not white so they can buy stuff.

1
BidenLikesMiners 1 point ago +1 / -0

lol, shitlib news i saw said it was lower than last month!

1
Pepbrandt 1 point ago +1 / -0

Oh come on! It's not that bad! Companies are sure to offset it by giving workers a 5% pay cut.

1
SteelDriver 1 point ago +1 / -0

FJB

1
LordKuroTheGreat 1 point ago +1 / -0

Buckle up kids, this is gonna be a bumpy ride.

1
barwhack 1 point ago +1 / -0

"8.3%"

1
Talon54 1 point ago +1 / -0

buh...buh...buh...it's transitory...you know...the thing....