Inflation Sticker Shock Across the US
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- Опубликовано: 7 фев 2025
- The national rate of inflation has dropped significantly since its post-pandemic peak, but perception of inflation in different parts of the country is not created equal. Michael McKee talks to a small restaurant owner that is now passing along the higher cost of brisket to her customers and Minneapolis Fed President Neel Kashkari about how people in his district are dealing with higher prices.
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We live in an oligarchy. Politics keeps us divided and busy investigating the real problem which is the debt-based financial system.
In the debt-based financial system, inflation is inevitable and eats up a percentage of everyone's output until it becomes impossible to sustain life. It is a method of slavery where the slaves are unaware that they are slaves like frogs in a slowly heating pot and do not know that they will eventually be boiled alive.
Oh so millions of boomers who took out mortgages and are now paid off, sitting on mountains of equity is bad for them? It sucks for younger folks trying to buy in as the boomers cash out, yes, but there’s far too many beneficiaries of this system to change now. No one complains about asset inflation when they own it
@@trukxelf
Hold on, now.
When property values go up, so do taxes on it, and then insurance rates go up because the replacement cost would go up.
Don't think that people who own their own home are off the hook of inflation.
Learn to protest like the europeans. Stop getting fooled by trickle down economics and learn to use that democracy. Protest or do other acceptable actions. Anti war protests and the civil rights movement worked. So force the orange man to listen or perhaps force him to resign asap.
You dont want him in power for 4 years. Do you? He will make american companies too risky to do business with.
Just my opinion
Before that, we had feudalism. A much more free and liberating system.
@snoopythecat3741yeah and look how competitive Europe is right now! Lol
Not once in the entire segment do they comment on corporate profits - which have ALL gone up immensely over the last 8-years.
The donor class is clearly just milking us as hard as they can, until they find the breaking point.
We need to stop buying from these corporations. Support mom and pop stores, and entrepreneurs.
@@TheImmigrantWhisperer-db5pf That boat has set sail about 20 years ago. Not enough mom and pop stores. And the consolidation and vertical integration monopolies have created is a huge moat competition not equal in scale will overcome.
@WH0oo... We can bring the boats back and promote manufacturing here in the U.S. and/or implement higher taxes for companies with workers abroad. Thoughts?
@@TheImmigrantWhisperer-db5pf If a company's entire supply chain and manufacturing is overseas, it would take years to rebuild if they could even get the labor. An example. Steel manufacturing. No one would want to work there and no cities or towns would want the plant near them. Sewing Manufacturing, same thing. These companies barely pay any taxes now. I don't see enforcement being much of a threat.
@mightytinymikey the cost of groceries in the US is way higher than the EU. You grow it but somehow it’s more expensive than our imported goods in 🇬🇧.
I don’t know what this “wage growth” they are talking about is, we are 40 years behind on wages keeping up with inflation
Don't worry guys, the tariffs will pay for the corporate and high income tax breaks that will trickle down and everyone will enjoy the golden shower.
@@Grumpy_ol_Gamer keep dreaming if you think government can think something about you
😂😂😂🎉🎉🎉... One big party 🎉🎉🎉🎉
Trump’s syphilis trickle is the best trickle for the masses
@@Grumpy_ol_Gamer and we'll also get 1 Bitcoin each and free eggs for a year
@@Grumpy_ol_Gamer yup the village idiot in the White House will solve that. Soon maga morons won't be able to afford anything but his rich friends will sure can.
tariff man is gonna make it worse
Deportation man will accelerate it... wait, is that the same guy!?
Tariff man is the same as dementia man. Wake up.
@@cockyhemi oh, now it’s different? 🤔😂
@@OKFrax-ys2op uh, what? You’re delusional. Wake up, please.
You mean worse than Biden's 4 years of inflation.
Inflation down to 2 percent doesn't mean price going down. It means price going up slower. Living cost more expensive every day.
@@samuelsnowing Inflation ain't down 2 percent. Stop The 🧢!!!!!!
It is interesting to me that Trump campaigned saying "tariffs won't increase cost of living" and recently he said Americans will "endure."
The poor will endure as wealth is transferred to trum and his cronies/
and even "will feel pain"
@@Finnleigh.Jackson4141 very very big pain, bcuz this will shock prices
The problem is that it is only going up with new tariffs. People don't realize how many daily used commodities are made with various imported materials... whether we like it or not, the majority of essential needs cost will only go up as manufacturers will push the extra cost associated with tariffs to consumers...
Because in the 70s they closed all the manufacturing jobs and sent them over seas now we all have to go to college.
@@Fudge_Fantasy I like your comment. Simple, yet makes a strong statement. Many of my software developing colleagues, myself included did go to college and were laid off. Our jobs were taken by visa hires. I think times are changing again from your statement. I paid my house off and changed fields. AI will replace IT soon enough, so I changed fields.
@@Fudge_Fantasythe benefit being that, in theory, people get to go to college and then work higher paying and safer jobs while still getting the benefits of lower prices. The alternative being people working those jobs domestically, making less money and paying more for the same goods. Things have gone wrong lately, but trying to go back to the 1920s isn’t the solution.
The poor people who voted for him will be hit the hardest, Darwin awards from the scammer in charge. Love from Norway
So you admit the democrats are the party of the rich
those same people have been voting themselves out of the american dream for 50 years though. they'll never learn.
The real problem is corporate condolidation. A handful of corporations control the entire meat industry in this country.
Yep, the left have become corpo stooges
So when are everyone going to stop doing business with Amazon, Walmart/Lowes, HomeDepot/Lowes and china? LOL
It's about to get a lot worse. If trump thinks he can do the same thing Hoover did and end up with a different result, he's nuts.
He's doing good job for China to steal US wealth!
Remember Trump coin and melania coin, do you think Trump family care US people?
He's a GENIOUS one of a kind President. You're whining about the consequences of $17 billion spending Bidenomics.
You might still think money grows out of the trees?
Don't worry. This is still Bidenomics. He's only 10 days in trying to reverse $17 billion reckless Bidenomics spending.
From the "We can do it better." crowd means not a whole lot.
Marie Antoinette said, "Let them eat cake".
Trump says, "Let them eat shit".
Well done, MAGA, well done. 👏 👏 👏
You’re blaming trump? This inflation started during the previous administration. Will Trump make it better or worse remains to be seen..
You have Biden to thank for this
@@saltysyracusian Yeah, right.
@@saltysyracusian Biden didn't put a 25% tax increase on your food and Biden isn't president anymore. This is all on Trump. Be sure to thank him for increasing your food and gas prices.
@saltysyracusian after rump and baby Elon are finished. You will think bidens administration was a wet dream 😘
5:50 this guy seriously saying sticker shock is an issue of expectation management and not a chronic daily stressor for millions struggling to afford essential items and seeing their quality of life gradually go down
Neel Kashkari was the guy that said everything was ''under control'' and that the fed has ''an unlimited amount of cash''
Don’t believe guys with last name Kash
Its tRaNsiToRY
A hindoo sc ammer...
LOL, unlimited cash means unlimited inflation
All these analysts said nothing about wealth inequality…. So theyre still not getting it
😂
Wait until Trump puts a tariff on Canadian beef.
Is it not already included?
@WatermelonCatermelon who knows..I hear Tuesday now.
Maybe the companies have priced it in..who knows though
Trump’s a puppet. Just like Biden.
I never had Canadian beef, just US beef...only if I'm feeling fancy ill get Japanese beef.
@@F16888C First I heard of it too, but apparently a lotta beef flows from Canada...who knows if it is even marked...?
Somewhere, someone is creating too much money out of thin air.
We are allowing it.
Yes. Printing the USD and insane spending by your government causes this inflation.
@@MG007.a 25% tariff on 30% of imported goods is going create even more inflation out of thin air.
@ryuuguu01
The printing of your currency and the obscene spending by the US Congress was already at play for many years before Trump came with Tariffs.
Don't just blame him and his administration.
The USA just prints money and Exports inflation to their own citizens and other countries. Its nuts 😳
@@ryuuguu01 What will you cry about next when that doesn't happen?
I'm just really confused because I thought this in the Ukraine war was going to stop on day one-stop on day 1........
Zelensky doesn't want to stop war , because of war stops he can't milk money.
Let Zelensky fight till last Ukrainan.
@@randomguy7175 Does your pay at the troll factory go up with the inflation or do you have to post extra lies to get ahead?
@@randomguy7175absolute nonsense. Either an American idiot or a Russian troll. These days hard to tell the difference
@@bzdtempbut this gent is telling the fact. The unfortunate fire in LA burned down dozens of multi mills of houses belong to zelensky's inner circle and top military officers. They bought them after 2022. And zelensky has formally joined billionaire club. How would you explain that???
Are you playing dumb? You realize Biden allowed and pushed ukraine to launch long range missile towards Russia in his last month of office? Any notion of the war ending in one day pretty much ended.
The problem is inflation target is 2% compounded. The old dinosaurs have always been right about one thing, this can only ever end and it won’t be pretty
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
My CFA ’ Lisa Grace Myer’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Inflation been crazy the last 10 years. Rents haved triple home insurance auto insurance gas prices basic foods. It's crazy. Just surviving is the only dream most people have these days 😢😢😢. Sooooo sad. And now all these cheap illegal labors being removed and tariff war coming. Things are going to get much worse. You got to be super frugal to servive.
FUN FACT: prez Felon is about to make things worse for you
Lock up Trump, Biden, Obama and Clinton. And the rest of the criminals.
… 😂 at ya, not with ya
Lawfare is invalid...
@@cockyhemi Bro stop thinking about about Hilary Clinton, its 2025, what are you doing? She went into the forest 9 years ago.
9 Years ago. And Obama? You're true colors are showing cupcake. Talking about things that haven't been relevant in so many years, stop gooning on propaganda.
Went to the barber yesterday, up 5 dollars for a haircut. So, I am now paying $30 for a buzz cut which is ridiculous. I usually get a hair cut every month, but I might actually have do this every three months. While getting my hair cut, I asked the barber how was your day, response was, very slow day. I wonder why?
They want even more than that in the major cities. I havent gone forna haircut since before covid
The cheapest haircut in my city is 35$. I bought a hair clipper in amazon for 34$ and watch tutorials in youtube how to cut your own hair. It's not that difficult and people don't even notice I'm cutting my own hair. I can't imagine i used to spend upwards of $30 a month on that thing.
DIY for a buzz cut. I've been doing it for 3 years saved $650. Plus the time saved not going to barber.
Shave your head problem solved! ROFL!
@@DiGiTaLGraveDigga Thats what Jeff Bezos did 😂 😂
So USA can "grow their own avocado" or pay 25% more for those from Mexico..
To be fair the avacado trade funds the cartels
@@lingth give it a few months will see the price hikes I'm not looking forward to it
We'll all suffer, but the question is: what is Trump asking for, and is it unreasonable?
Trump just emptied the reservoirs that farmers NEED for summer!
Good bye Central Valley crops!
Yep. Grow them here and it will cost much more in labor.
Yay! Higher prices!! Thank you, President Trump.
Enjoy your golfing weekend. You worked hard for it.
Hey buddy, can you spare a dime?
Wake up. Trump’s a puppet. Just like Biden.
Wait till those increased tariffs take into effect. Good luck!
We're all going homeless and possibly starving on the streets
5:05 The Fed's response is always gaslighting us when prices are going up hahaha
We all can live in the Trump tower. He will feed us.
@@TrevorWebb-ck2yv The Fed isn't the problem. The Fed can't raise a debt ceiling. They need Congress. They start printing money when the debt ceiling is raised. Interest rates they apply when they think the market is going up or down. Most times the change the interest rates after inflation.
@@Finnleigh.Jackson4141😂😂😅😅😢
@@Joey-ct8bm The Fed is a part of the problem because they are controlling the money supply
Glad those tariffs are working out, I hope y’all are saving 25% more
They haven’t gone into effect yet.
Inflation did NOT go down for price of goods and services after 2022-you guys need to get out more!
Inflation did go down, prices did not, because for you would need negative inflation (aka a recession).
Inflation is not the same thing as high prices.
You need to read more.
Brisket about to get a lot more expensive
Brisket is made in USA lol. Trump driving gas down, it's going to be cheaper.
Can’t live without my briskets
@@Johnwicker1903 trump driving down gas prices!
@@Johnwicker1903😂bless your heart
Good !
What if everything you know about money is wrong? The book Uncommon Paths to Wealth from Cryptic Lore reveals hidden strategies that could change the way you build wealth forever
High levels of debt destroy nations
Make the wealthy seem middle class, so we seem rich
if you curious I did the math. She is buying brisket for 4-5$ a pound and selling for $34.
Let's make wealth wealthier again.
On Feb 1, Trump added a 25% tax on 15% of all food in the US; that's the portion of food imported from Mexico and Canada. Do you eat beef, pork, or wheat, MAGA? Is your next home built using lumber? Do your car factories need the $80 billion in auto parts they ordered for the coming year? Those parts just went up by $20 billion dollars.
Wages are going up for who
CEO's
Raises from your employer are typically production based unless they specifically say it's an inflation raise. If you get a performance based raise and inflation goes up, you didn't actually get a raise which means you worked your ass off for nothing.
Main challenge in rural areas is lack of education. How about the government invest in education. The change would be remarkable.
This administration’s power depends entirely on lowering education standards even further than now. It's what got them elected a 2nd time.
Surely that's a woke idea, give education to the oligarchs and only put schools where they can produce good profits.
Trump "loves the uneducated". We we can all now see why.
Everything is already ticking back up
Trumpflation is really about to show you all what inflation really is. LOL
About 3 years late on this story.
Exactly
when I saw the price of goods during inflation, I experienced sticker shock.
Currency debasement from central banks, Federal Reserve, situation is worsening exponentially.
Fell for it again 😂😂😂
Is this how Trump’s going to give us eggs, bacon, and gas for 1.87 and cut our utility bills in half?
It will be that cheap since no one will have a job
You voted for him, so you should provide unlimited support
hey, he cut the tariffs by 60% for Canadian energy. Only 10%, not 25% You should be thankful, pleb! Fill up your tank before Tuesday.
Gas is going down everyday he has been in - in my area.
So there is that
@@DaveEPie Just wait 'til Tuesday.
The Fed is driving whilst looking in the rear-view mirror. No one at the Fed level knows W T F they are doing.
Amerika's love affair with cheap crap is showing.
Is anyone else just slightly nervous about what's to come?
GOLD is going up in USD terms everyday-
If you don’t buy gold you will be left with your USD buying very little-
Just look at a gold chart for the last 10 years-
“WHY HASN’T TRUMP SOLVED INFLATION IN THE FEW DAYS HE’S BEEN IN OFFICE?”
Yup, like it’s a button or something.
The correct question is, Why is he levying a 25 percent tariff on goods coming from our 3 largest trading partners? How does imposing a 25 percent VAT which will be passed on the the American consumer, solve inflation?
It’s Bloomberg-
They haven’t been right about anything in 30 years-
Wage growth came way too late, that's the problem. USA hasn't consistently increased wages over the last few decades, especially ppl for the bottom of the economic ladder. Now rapidly raising of wages is making the spike in inflation sticky. It's greed.
This video is BS. Who has seen wage increases? Wall Street? Because last I checked, we’re averaging 2,500 layoffs a DAY since October 2023. Ppl can’t even get hired as this is the slowest hiring rate since 2013. I’m tired of the gaslighting
Hunker down folks. It's only going to get worse.
Did we not notice these prices in 2021 or 2022? 2021 alone may have been one of the largest inflationary year in US history
Home prices went up 3X since covid.
The only reason I’d come to Chicago
GM and Ford manufacture most of their cars in Mexico 😅 will they take the 25 percent hit i think not they will pass it onto the consumers
Think again.
100 billion net worth was unthinkable in 2010, now it's normal
0:57 it makes it really uncomfortable for us when you request a tip for a pickup. Do you always stare at them in the face when the tip screen appears?
The owners of those POS machines charge business owners to remove the tipping option so many don’t bother. The banks make a percentage off each transaction so they have an incentive to raise the price.
@@BCUGhh None of those are reasons to use one of those POS machines
There are tariffing the hell out of even the 💩 that is entering their country, also them crying about the higher prices on everything and Inflation. 🤡🤡🤡
LOL just wait until the tariffs take hold
Inflation is still high. People are worried about what to buy to eat while being shamed about what they eat. Cost of living did not come down January 20th! Its ridiculous.
Wage increase? Where? All I see are layoffs.
Ppl want deflation and lower prices
people want stupid ... deflation is a VERY unhealthy economic condition that NOBODY should wish for. Moderate to low inflation is the sweet spot for economic, wage growth and job security.
@KrustyKlown there is no job security. Wages always lags inflation regardless of how low it is. Unemployment was always transitory as it comes and goes. Ppl should just manage their money well to weather bad times and they will prosper but that won't happen as their mentality is always spend spend spend everything they got at an unsustainable level.
@ there are different levels of job security.. that correlate to the condition of the economy. The best job security we can hope for is provided by a strong economy.
Yes.. people in general are dumb with money.. pissing it away on depreciable assets., purchased with loans that they pay off slower than the depreciation on what they bought, lol. That is NOT a path to wealth .. the path to wealth is living below your paycheck and saving, investing and buying appreciable assets. If more Americans did this, our economy would be even stronger, those people would be less financial stressed and income disparity would be reduced. It's all a cultural and education issue, IMO.
@@KrustyKlown respectfully, I disagree with you job security as in good times and bad times, unemployment always happen. It comes and goes just like any business in history. No job is ever secure, no job environment is secure since there are always competitors waiting to pounce on opportunities.
Two to Three countries have low inflation to none. China, Japan, Switzerland. 🇨🇭🇨🇳🇯🇵
Meanwhile in 3rd world America:
América is a continent. USA is the country
@@juanvga Americans don’t know much geography
That is not correct. North America and South America are continents. The Americas references both continents. America (single) only refers to the USA. It has been that way since they became a country.
So when Trump says make America great again he means the whole continent? So why is he slapping tariffs on Mexico and Canada?
@@chrysalis4126 Trump doesn’t know. He thinks we are America.
You figured out that in 2 years, people hate higher prices!!!???? 😂😂😂😂😂 z
As my gas prices drop everyday since he got in
Drill baby drill
Gold & silver are money.
I anticipate positive growth in the markets for 2025, and I'm considering investing $220k in stocks for my retirement plan due to recent rate cuts. Could you provide guidance on executing this investment safely? Additionally, are there any crucial tips or changes I should be mindful of in the current financial landscape?
Looking at the aggregated totals by kind since 2021, when it started to take off, you can see that the embedded amount of inflation currently approaches 20%.
I agree with you, since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
Could you kindly elaborate on the advisor's background and qualifications?
My CFA is Elizabeth Cordle Gross,a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
Inflation in the US is 2.89 and everyone is acting like it's the end of the world.
6:08 $0.626 per gallon 😢
Very similar here in Australia with Rural/Non Urban regions. High property and general living expenses, slow to no wage growth, high interest rates... high everything.
Way to go maga voters.
FAFO
Inflation is caused by the government spending more money than they take in in taxes and both parties contribute to it equally. A corporate tax cut that eliminates millions of dollars from the federal budget has the same effect as spending printed money on XYZ. Every dollar the government spends CAN ONLY BE COLLECTED VIA TAXATION. When they don't actually raise taxes, and spend more or cut taxes and spend the same, THE TAXES ARE STILL PAID IN THE FORM OF INFLATION. Inflation is the tax and it affects the poorest people the most. TRUMP's corproate tax cuts added a significant amount to the national debt and therefore were inflationary. Biden's checks to every American no matter how rich via printed money caused MASSIVE inflation. They literally plan to have 2% inflation a year which after 50 years shows you why the US Dollar is so much weaker than it was in previous generations. Every Republican administration has tax cuts for the rich as their #1 goal, Reagan, Bush, Trump and since they never actually reduced spending this is no better than Democrats spending money on every little thing.
City college level Econ 101 should be required for all Americans.
Wall St. keeps talking about inflation in terms of whether people ‘don’t like’ it, revealing their total disinterest in average people not being able to afford basic necessities. Thank you for pointing out what cohort benefitted from wage growth as well as whether it actually did keep pace with inflation. Now, please tackle how high interest rates affected the election and whether there were other alternatives to bring inflation down.
Where's JD Vance?
Central directors see the issue, they need wages to grow faster than prices. But the inflation targets are not clear for lower to middle class.
Priya Misra sounds just like Dr Ruth!
10 states refused federal funding for healthcare. Tuition rates increased at twice the rate of inflation. Home building materials will increase in price as long as tariffs are in place.
I just farted
Twice
Best comment.
MAGA farts are the best farts 😂
Excellent video!! Thank you!!!🙏🏻🇨🇦
Every consumer business in the US is about to hike prices and claim “tariffs” whether it really is the case or not.
Over the past 5 years in CA:
1) Dozen eggs has risen from $3.89 to $7.99
2) Bananas has risen from $.69/lb to $.99/lb
3) Single doughnut has risen from $.79 to $1.39
4) Fruit juice has risen from $2.89 to $3.99. half gallon
5) Gasoline is now $5.89/gal
Mostly junk food. Healthy food like veggies also doubles and tripled.
Greetings from Germany where I have to pay two Dollars for ten eggs. How come the US has the most efficent farming in the world but your food prices are so high? Your food should actually be lot cheaper than here because our farming is much smaller scaled
Are you in LA? I’m in the Bay Area and I can find gas for $3.81. The eggs are high because of bird flu.
That was thanks to the WORLD WIDE inflation crisis.... now you will see USA specific inflation
@@alexanderderautor give me a break. From people living in Germany and hear all the time how expensive it is.
Far more are suffering than not. I’d probably be considered wealthy and live in a home that would sell for over a million today though not paying anywhere close to that. I worked a verified bone breaking job for over 25 years and have the body to prove it.
Bad policies by bad politicians caused this. Inviting millions of foreigners here and subsidizing all aspects of their lives instead of those that are legal citizens was and is outrageous. Now people are saying Trumps tariffs will cause more problems. It might but just think if we didn’t already have 21% inflation to begin with. Yes, inflation is up 21% over the last four years. That 2% they speak of is just this last year on TOP of the 19% over the last four years.
Anyway. That food looks delicious and who is Mariano? Saw that name on the sign in her shop. I’m a Mariano.
Hope she pulls through.
The inflation rate when tariffs were around their highest in the United States was around 1.44%, far lower than it is now.
My bank has increased my salary 2% or less over the last 5 years. I have no idea how wages are outpacing inflation.
There are ways to save but even the ways to save the price has risen.
Hey MAGA, pay my bills and groceries
Pick 10 random people, ask them if they have seen wage growth recently. Maybe 2 out of the 10 will say yes? WHAT WAGE GROWTH ARE WE TALKING ABOUT HERE??
Prices have been higher for a couple years. The media is just now noticing??
No not at all. They’ve been covering it ever since Trumps 2018 tariffs.
You’re right. They notice now because of a change in leadership. They didn’t do a story like this last year.
I wouldn't need higher wages if there wasn't inflation 🤔
Got me this morning!!
It'll be a miracle if we can stop him from crashing our economy.
Wage growth that isn’t spent has zero inflationary pressures. Zero talk about the money supply? Why?
6 months ago you said there was no inflation….
We gave up eating BBQ out. It's so expensive and I just get a pork roast for my crockpot 6 hr later I have pulled pork. I'm done paying $50 for lunch anymore.
Inflation has not came down since 2022. Prices have not came down on anything.
These people are such liars.
Interesting. In Germany the talking point is always wage moderation. If somebody proposed to outpace inflation with wage increases, people would look at him like at an undead 19th century syndicalist.
Germany has always been obsessed with inflation. Deservingly so.
Wages are going up, but not fast enough. Wages hardly budged for decades while inflation ate away consumer buying power. Consumers are just so far behind the curve that this reported 4.2 percent wage increase is meaningless.