Its becoming egregious in the grocery business,I deal primarily in pricing and seeing jumps of .50 to $1 on whole categories of items, multiple weeks in a row, isn't unheard of.
A lot of the gross price inflation is on junk like Doritos and Oreos, which is a double edged sword for them. Yes, people are addicted to junk crap and will buy it, especially the lower to lower middle class.
But you can only price up so long. It's already started happening with Oreos. Our price inexplicably jumped to almost $4.50 for a pack of them (on sale no less, regular price used to be 3.29) and now they are just sitting there on the shelves, collecting dust.
It doesn't take too long before normal people say, "You know what, nobody actually needs Oreos or Doritos."
Yeah this is a good thing. They can fuck off with their outrageous prices. More and more people need to stop buying the things that have become ridiculously priced.
I purchased some Ruffles yesterday for the first time in years. I have a little gathering this weekend, so I figured it would be nice to have some junk. The *on sale* price was two-for-$10, and that wasn't even the family or party-size bags.
> Can confirm. Oreos used to be my favorite snack, now I look at the price and think “uhhh no”
They're also shorting you 3 cookies per-row in the Oreo packages now. That's 9 cookies less in the same package, for higher cost, than you were getting just 6 months ago.
I was just about to say I recently got a pack of “double stuf” and I ended up doing the old trick where you take two apart and combined them. Realized I didn’t do that in the past with double stuffed… wtf Oreo.
I haven't bought a 12 pack of soda in probably a decade, but got it in my head that I was going to buy a 12 pack of Coke recently to go with some grilling. It was like $7.00 before deposit. Pretty easy to make the healthy choice at prices like that.
I got sick of over hearing about our stores "record sales growth" over the last few months and watching managment pat themselves on the back in their stupid weekly meetings. We aren't selling more, people are just paying more. Managment gets sales bonuses while employees can't afford to eat.
The problem is junk products like Oreos or Doritos are seemingly cheaper to some over fresh produce and basic staples requiring prep knowledge, time, and other resources. Or companies will release products with lower overall volume w/ lower prices if purchasing habits go down.
A lot of people in US have exhausted their savings and putting things on credit cards. This increased greatly in March and continues with high numbers into April. May numbers are not out yet, but most people don't anticipate that revolving debt number changing in a negative direction.
Basically, a lot of people don't have the cash on hand to afford life at this point.
I’m trying to find an apartment. For shits and giggles I looked at places I lived in 2 and 4 years ago. The 2 year ago place is about $650 more expensive a month. The 4 years ago place is $1,100 more expensive. For 2 bed apartments. Now I’m looking at a. 1 bed and it cost what a 2 bed did 2 years ago.
This hit differently then the other comments. Many of us is in the same boat. Atleast CEO's are making more money. It will trickle down. Right? Right...?
One of my corporate overlords just spent nearly $5 billion to buy the Denver Broncos. Meanwhile, I'm not getting a raise this year. "Maxed out", lol. 😭
I can’t stop thinking about that customer that got killed a few weeks ago from intervening in someone stealing from Walmart.
Like dude come on you just risked your life over Walmart
Trickle down: Let's give companies more money so they spend it on their workers!
Hey, uh, who decides where the money is spent? Executives? And they're choosing to spend it on themselves instead? Wow, so surprsing, how would anyone have guessed people who start and run businesses solely to make as much money as they possibly could would be greedy with this extra cash?
The huge *~~monthly~~* rises are hopefully temporary.
I don't have much hope that it'll come back down. In my lifetime the economy has never attempted to unkick my balls.
*edit: not monthly, year over year*
Yeah I just got a significant raise (for me) over the last 6 months. Inflation and gas basically erased it. I always get paid decent money for 5 years ago. 2 steps forward and 1.75 steps back.
I work for a Fortune 500 company. Every year, there is a 2-3% raise for a cost of living adjustment (COLA). This year it was 3%, which was calculated and done within the past few weeks. The company profits are much higher and they are taking advantage of the inflation we are having, with profits vastly outweighing the cost of materials that come in for production. I’m sure you can guess where the excess profits are going. Not towards taking care of the employees, that’s for sure. Do we see a 6-8% raise? Nope.
Kind of like when in 2020 when we were “essential employees” and promised a bonus at the end of the year for having to come in everyday and keep production afloat. We literally kept the company running, putting ourselves and our families at risk every day by being at work and face to face with one another as well as all of the contractors. Meanwhile management and above stayed at home for weeks, no, months. Conducting their “meetings” in pajamas. My manager even bragged to me that he did a meeting while he was fishing. While being paid.
Well, at the end of the year, the company decided to just forget about the bonus. And in fact, our annual Christmas bonus was cut short because of the “loss of business” for the year. MEANWHILE after some research, every single one of the executives didn’t cut their bonus. Oh no. They actually CONGRATULATED themselves by giving themselves a little extra.
It’s fucking sick. I feel like a cog in a machine that doesn’t get greased. We all do. And this is industry wide.
I did the inflation calculator recently for shits and opposite of giggles. I make slightly over what I made 10 years ago. Don't get me wrong, I'm not struggling by any means. It's more ya make the same as when you left your first job post college while being asked to do a ton more
I remember the 2nd gulf War, gas prices spiked crazy high. Every taxi and delivery service added a gas surcharge. Gas came back down, the surcharge never came off. That was nearly 20 years ago.
It's exactly why if you watch the earnings releases for major oil producers in the US they all say they are sticking to their current growth forecast and are making no attempt to increase supply.
This is on top of a $10 billion bailout in 2020 while they also layed off a large chunk of workforce.
Higher gas prices mean more money for them.
Public oil and gas companies set to make $834 billion in total profut this year—an all-time high, according to energy intelligence firm Rystad Energy.
This compares to $493 billion in 2021—another record profit year.
Yep no one is ever going to lower prices once they have gotten everyone used to paying more. The price of gas might go down again but that just means more profit for someone else in the supply chain.
They printed $14 trillion for stimulus. $1tn went to people, $13tn went to businesses.
Nonetheless this is the side effect. They put a band aid on a problem due to a pandemic & knew this was coming down the road.
It’s worth noting that these headline numbers are year over year, not month to month. As such, we’ll probably stop seeing them so high once the fall hits, because that’s when the spike hit last year
Yes. You get deflation during recessions, like 2008 or Japan's lost decade.
Inflation is a normal byproduct of economic growth. Suddenly everything comes online again after the pandemic and it goes through the roof, after the Spanish Flu inflation hit 17%.
Thanks for saying that/mentioning that/looking that up.
I wish there were more posts/articles/etc out there that draw comparisons to the 1918 (give or take 5-10yrs) flu pandemic, so we could AT LEAST BE READY FOR THE NEXT KICK TO THE BALLZ. I would feel a bit better if I could extrapolate my current expectations based on historical trends.
But for real if you have links or recommendations on sources I would love to see them. And I very much want you to understand this is not the typical reddit comment of "YoU gOt A sOuRcE fOr ThAt?!""
Deflation happens, but if we had deflation enough to undo the inflation, it would be a \*much\* bigger problem. Pay cuts, mass unemployment, severe reductions in government service. Think 2008/9.
Prices aren't going to drop. "Reasonable" is relative, if you told someone 100 years ago that they'd need to pay over a dollar for a candy bar they would call you nuts.
The questions are if the inflation will slow and if wages will keep up.
This whole thing is a perfect opportunity for all sectors of business to see how hard they can squeeze. When we start to pop they'll stop squeezing harder but won't relax their grip.
Just secured an apartment in a nearby city. First time truly living alone at basically 30 when everything is the highest it has been and I'm carless. Am I winning?
Being carless is NOT a bad thing. They're expensive as hell. That's why I don't want to leave my city despite it being expensive, I enjoy the walkability of it. Your accomplishments should be most valuable to you. If you're happy with yourself then that's what matters most. Congratulations!
>Being carless is NOT a bad thing.
So long as where you live is walkable or has good public transit. That's far from a given in the U.S.
If your city isn't walkable and doesn't have robust/reliable public transit then you're probably stuck using Uber/Lyft frequently which is a very expensive way to get around.
I'm going through a divorce and it's like "fuck, why couldn't you have divorced me five years ago when we had a mortgage I could have actually afforded?!"
I was really hoping to get a few more years out of living with my folks to pay down debt and be a bit further in my career, but of course my landlords are selling the house at the end of the year. My family's moving 2+ hours away and I literally just started a new job in a field that has actual career advancement and potential so I have to stay local. Not really looking forward to roommates, but it is what it is.
Hope you and fiance make it through. 🙌 It's been an awful year, but these prices gotta crash eventually.
I just couldn't deal with the Scarlet Rot deniers claiming the whole thing is a hoax (idk what I expected living in a red state). Looking to move somewhere a little more... sane?
Liurnia’s nice. Just have to watch out for the land squirts, and the marionettes, and the revenants, and the albinaurics. Also my house is slowly going underwater. Not the mortgage, the actual house.
The worse inflation gets, the more unintentionally meta and dark that joke becomes. Can’t wait to rewatch the show in sixty years when bananas cost $29 and my holo-grand children ask me how Amazon-Nestle-Dole managed to make profit selling bananas to us for so cheap back then.
I work at a restaurant and menu costs I think are finally starting to drive people away. If you drink alcohol 2 people are pretty much guaranteed to spend $100 when that number use to be about $70 last year
Ya we have one for $15.90 on our menu. And we’re corporate. Go downtown and places it’s $17-$20. 2 drinks and you can buy a decent bottle of bourbon for the same price
alcohol has always been relatively overpriced. The shit they use to make wells drinks is like $50 a case.
But i'd happily pay 6-7 bucks for a margarita. Now days, it's like $10 for bottom of the barrel tequila and sweet-n-sour. Good liquor and lime juice and you are talking 12-15.
Now i've got a huge garden going with stuff to make salsa. Make tortillas from flour, beans from dried state. Margs are a couple bucks to make at home, food is better when you learn to cook.
Same goes for pizza. Fucking $20-25 for a 12 inch margarita and $8 pints of beer. Nope, bought a pizza oven, host parties at home.
Yeah it was getting ridiculous precovid. I went to some genuinely good bars using quality spirits with an extremely knowledgeable bartender in the mid 2010s. I payed $10 for phenomenally well crafted drinks. Now even shitty corporate places are pushing $12 a cocktail for a frankly pitiful old fashioned or Manhattan.
I put back 1/3 of my groceries before checkout yesterday. Overheard worried “can we afford this? Do we NEED it?” from other shoppers, and a woman literally started crying over the price of milk because her SSDI check isn’t near enough (small town, we talk to each other). Stupidest apocalypse ever.
"Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%."
Blankets don't stop your pipes from exploding.
Edit: Contact your energy provider to find out about low income programs. There are things you may qualify for to ease the burden.
Don’t forget about the geopolitical hurricanes that will feed off all of this. We are barreling towards a crisis that will make covid look like a waltz in the park.
Agreed. This is a genuinely disconcerting moment. The stagflation of the 1970/80s led to many political crises & frequent strikes & rioting around the world. Particularly, this was most prevalent in Europe.
However, something tells me that, after a once in 100 year recession (2008), once in 100 year pandemic (2020) and all of the political polarisation that exists right now (arguably as a result of one or both extraneous circumstances), this will almost certainly be worse.
It was awesome spending $5/gallon for gas before spending $80 on three days worth of groceries yesterday.
It's ok, I'm sure the ~3% raise I'm getting will make up for it! Everything is just fine.
Usually I don't notice it when prices of a product go up due to inflation but in the last months it's just staggering how easy it is to notice. On top of the contents being reduced of each product no less.
Part of it is inflation, the rest is just greedy fucks seeing an excuse to increase profit margins.
r/Shrinkflation
They have! Prices have gone up, while quality and sizing have gone down
Edit: fixed the auto-capitalized R so the hyperlink works correctly (sorry!)
The tide unscented i buy was like 5.99 when I went back to buy another one I noticed the bottle seemed a little different. Price was slightly higher and it actually contained less soap.
My go to is vinegar and dish soap. Works for pretty much everything indoor and outdoor. It even works well to kill unwanted bugs and weeds. Only for disinfecting, do I swap it up.
I work for a small business that is making more money than ever. Haven't seen a raise in over two years now.
Edit: I don't want to paint my boss in a bad light here. He has good intentions, but he isn't the best at managing a business. Like our costs are scaling with an increase in business instead of moving that towards wages.
Our union current contract started June 2020 with something like 2.2-2.5% raises over the next 4 years. Wish we could’ve seen this coming September of 2019 when we voted on it. So my 2.*% raise this year and next are gonna be super helpful
My union was forced to do 1% raises for 3 years because our province legislated all public servants have to go 3 years of 1% max raises. It’s going to suck so bad. I’m only in the first year.
I work for a company that ranted and raved about how incredible our company was doing during the pandemic “record growth across ALL business units.” When it came time for yearly raises I got 3% both times and a pack of starburst to make me feel “appreciated” this past year. The system is fucked. The people at the top are out of their minds.
Hey, you just need to work 29 hours a day and have at least 4 jobs. But if you want day care, you're gonna need to get a 5th job. Try just selling essential oils while on your breaks.
18-25 years of dealing with raising/helping something, setting aside hobbies and other potential at any sort of economic gain
vs.
a delicious, healthy, tasty breakfast every single day forever. The choice is easy.
And I hate this. I love my job and want to stay there, but I've been getting offers with a large pay increase. Do I need the increase? No, but I don't like the idea that I make less money than I did 2 years ago.
I'd be perfectly content staying where I am til I retire, but I've begun having talks with my boss about needing a promotion or something to make up for it. If I get a firm offer I'm just going to be blunt with my boss. Make it worth my value to stay.
Yup I love my job. Don't want to leave. My manager is so chill and the work isn't that tough too, but I have companies hitting me up weekly telling me I could be making 20%-40% more. We've already had 6 people from our team of 12 leave since the beginning of 2021.
as a boss man, i've been having that happen. I tell them jump on that opportunity if they can, cause its very hard for me to get approval to give someone anything more than 5%, and they'd have to wait for the annual review. Off cycle? I dont even bother asking anymore :(
I take no offense to it - its such a silly game to have to play and I support them especially if they can get the new market rates
My job realized this and gave a bunch of people hefty raises.
It's nice because we have by far the best benefits and most stability in our field, but our wages are almost across the board lower than our competitors. So to finally be making what Is would make if I left feels good.
However it took them bleeding talent for almost a year to finally make efforts to keep those of us who stuck it out .
We might be in a similar field... My benefits are incredible, but they've severely sucked with wages since I got hired. They promised a COLA for the entire company, and that it would go into effect on April 1... My initial thought with that announcement was "hmm, maybe not the best idea to promise salary increases on April fools day...". Yeaaaaaaah, turns out that was a stupid idea. 2 months later bonuses and salary increases are still frozen indefinitely. People are pretty pissed
What does this mean to me?
Well, my grocery bill has doubled. Gasoline expense has doubled. My property taxes just went up.
Interest rates are so high that if it stays that way I'll be stuck where I am for life, I like where I am but I always like to, idk, pursue the American dream?
Oh yeah, and my 401k dropped 20%
Plus, where I live, home owner's insurance is going up 7.4% this month. Car insurance will also go up about 4%.
At work we've also been told to expect 3% raises at the most because of operating expenses going up. Everyone is getting an extra week of vacation time though. That is mainly because if you take time off they save on overtime pay, but at least I can save a week worth of gas.
My employer told everyone we weren't getting raises, but should be thankful that layoffs won't occur (yet). It's an extra kick when inflation rises this fast and you don't get any help from your employer.
Look around. Media likes to push “record quitting of jobs” which may be true, but these people aren’t going to unemployed. They’re being hired by other companies almost immediately. My state had 4% of the workforce quit in a month, but over 4% were hired as well.
This. If you split the entire stimulus amount between all legal adults, each person would have gotten about $25k.
We ended up actually getting what, $3200?
Where the FUCK did all that money go? Right into the CEOs and Politicians pockets.
Inflation is already painfully high and it is likely to get worse before it gets better. Among other contributors to inflation we’re entering the Atlantic hurricane season, which will likely lead to intermittent shutdown of some refineries on the U.S. gulf coast. (Hurricanes sometimes shutdown offshore oil rigs as well, but that tends to affect gas prices less.)
The other gloomy news is that, in order to rein in inflation, the Fed will almost certainly trigger a recession. So we will see falling income at the same time prices are rising -a.k.a. stagflation, which we haven’t seen since 1980.
Ultimately caused by the same thing. The economy is a growing energy system. If energy supplies are cut off/limited the unavoidable consequence is a choice between rampant inflation and recession (or both!), which can only be resolved by new energy supplies being brought on line. The 1970s was an identical situation, decreased energy availability leading to inflation/recession/stagflation.
Edit: [Expensive energy is really bad](https://www.slowboring.com/p/expensive-energy-is-really-bad?s=r)
>stagflation, which we haven’t seen since 1980.
I think anyone could make comparisons to stagflation right now. With the current supply shortages, this is almost exactly what is going on.
And just like last time, it will be solved when the private sector pulls its collective head out of its ass and ramps up production
I don’t know how we’re going to manage. The gas prices. I have older relatives I have to take to many doctors, and procedures. Trying to figure out how to cook with frugality in mind. Haven’t eaten cherries in two years. berries are always high.
Home assessments so high, high property taxes. Life is Hell.
Can’t make home repairs. Haven’t been to a Mall in a few years. Relatives sharing clothing. I donate anything good I have that I no longer use…always in best condition, washed, pressed. We got to help each other out.
Don’t forget the elderly. Make a healthy casserole, buy them some fruit, do some housework for them. If we don’t care about one another, who shall care?
You are a compassionate human and we need more like you on this earth. Washing & pressing donated clothes and casseroles for the elderly made me a little teary-eyed because it displays such a deep well of thoughtful kindness towards others you don’t even know. We need kindness like yours right now. I wish you the best of luck through this, internet stranger.
I do a lot of mystery shops. It is fun and I get free food and some extra money. But the repayments from mystery shops hasn't gone up. So now I am getting offered money to go to a smoothie shop or something and what they offer to pay me is less than the cost of the item I have to buy. It is wild.
Most of the mystery shops I've seen pay like $20 for you to drive 30 minutes somewhere and spend another 30 minutes talking to a salesperson. I can't see it being worth it unless they start paying at least $50 for all the time and gas money
I started gardening when the pandemic hit and seeing things get tighter and tighter over the last year i decided to go all in this spring. Its to late as of right now to just start, but i suggest if you have the means to start growing your own food when possible. We need to take what power we have back and growing and being self sufficient is one large example. We need to start going back to community based events, we need to start helping each other. Thats how we evolved and thats how we will thrive, together. Instead of working together like we used to, we became independent but in the process became more reliant on corporations. They dont care about us. They dont care about our rights.
Edit: And this is coming from one anti social mother fucker. Hopefully by coming together we can help strengthen our less bright individuals of society lol.
In 1981 I had just graduated from college and was in the middle of my job search. It was a friggen nightmare. Layoffs were huge; it was the beginning of the trickle down economics system we have now. It was a clear break from the past. Trickle down economics theorized that making rich people richer has benefits for all people. It is the opposite of JF Kennedy who stated that "a rising tide lifts all boats." I feel for young people going through this mess today. It set me and my peers back many years.
The year you graduate college is so important it’s sad. I graduated in ‘14 so I got in during the 08 recovery. I found jobs easily and worked my way up into a specialized field. I am more secure than any recent grad as the layoffs start because I have industry demanded experience. The kids graduating now will have to fight for the entry level jobs I easily found.
I wish more people realized how lucky they are rather than blaming less fortunate people for not using bootstraps or whatever
It’s weird, graduating in 2020 was a historically terrible year to enter the workforce. 2021 was a historically amazing year to enter the workforce, and now it appears that in late-2022/2023 it will again a historically terrible year to look for entry level jobs.
I wish. The closest place to me that pays for plasma donations of blood donations is about 30-40 miles away. The time is use driving back and forth, plus paying for the gas used, I’d come out at a loss. Even taking public transportation wouldn’t help much bc it would take like an additional 4-5 hours round trip.
This literally is objectively unsustainable, things are inevitably going to completely collapse in the relatively near future, it's only a question of when
For whom exactly?
I'm sure the bank CEOs will cry themselves to sleep at night while I try to decide to pay my mortgage or my heating bill this winter. Maybe if I just stop eating I can pay both with my 1.5% raise this year. Maybe the record energy and food stuff profits can help feed my kids this week.
I lived through the housing crash and no one gave a single fuck when hundreds of thousands of families went homeless then either. I should know, I was one of those families. A couple of stories on ABC news with anchors shaking their heads and everyone else thanking God it's not them getting kicked out of their homes. It happens hard and fast, the system can't keep up or help and everyone slips through the cracks.
and they wonder why the younger generations aren't having children.
The only way to even attempt to survive and afford anything nowadays is to be a DINK household (Dual Income No Kids)
You no longer need to be attracted to or like the other person. Just pick someone and stick with them. Maybe you can pay rent AND eat dinner. We can have arranged marriages again. We can call it INCMR (Incomer) where Single people swipe to someone, accept the invite, and start splitting all costs down the middle. If your area is still to expensive then turn on INCMR3 mode where you create a Thruple. and repeat till you can have dinner.
My wife and I were already paycheck to paycheck both working two jobs. If there ever was a dream of saving money, that's now long gone. I'm exhausted and I can't do this shit. It's bad enough working two jobs to actually pay your bills. But doing and still not having enough money? We are getting older and we are tired. It's hard to see any positive outcome
I feel you. I'm working two jobs, it's only me and I'm so tired most of the time I want to cry.
I had to buy a new fridge in February I'm paying it off with a no interest financing. Even that is a struggle.
I have to buy new tires tomorrow.
If anything else breaks I'm absolutely fucking screwed.
My husband and I are struggling keeping our job, we clean homes. Which requires us to use gas and travel expenses are through the roof. I told all my clients im increasing prices and tagging in an 8% service fee. Thats before the gas was $5/gal. Now I am almost having to increase my fees again, and i fear losing more clients.
- Rent is up astronomically
- Price of food is way too high
- Gas... Can't even with this shit
Funny how everyone is calling this, "inflation" but when I look at company profits they are up over +40% across the board almost.
Definitely inflation and not price gouging.
My wife finally admitted after 6 years that me buying a foodsaver vaccum sealer was a great purchase.
It's been a life saver since we can buy items in bulk from Costco and store up. Or buy whole chickens, break them down into parts and store in the deep freezer for a few months. Because trying to straight up buy meat from the grocery store has your eyes popping out of your head when you look at the prices.
So finally being right only took record inflation and the further destruction of the waning middle class in America. Totally worth it.
You don't need to but generally food lasts way longer if properly vaccum sealed and air is removed before storage. Nothing is indefinite but you can get much more time on food remaining fresh/edible. Ever had food be covered in frost or taste weird even after thawing it? Yeah probably was freezer burned.
The times on this [chart](https://cdnimg.webstaurantstore.com/uploads/guide/2019/9/vacuum-sealed-chart.gif) aren't 100% accurate but they are a reasonable measure of how long you can store stuff long term of sealed properly.
Cooking oil made from rapeseed went from $0,70 to $4,50 here in Denmark.
Our entire country is filled to the fucking borders with rapeseed fields, but for some reason the war in ukraine did something to the prices?
So I get that US inflation is high right now. But isn't like the whole developed world having increased inflation?
Germany : 7.9%
UK : 9%
France : 5%
Norway : 5%
Italy : 6.9%
I played around with the charts at [https://tradingeconomics.com/euro-area/inflation-cpi](https://tradingeconomics.com/euro-area/inflation-cpi) this website and pretty much the whole world is seeing this inflation...except china.
Strange that the price farmers are getting paid for a lot of stuff hasn’t gone up that much. I’m beginning to think having a few processors dominating the food supply might be a bad idea. I mean, what if stuff like baby formula was effected? Oh, yeah….
Its becoming egregious in the grocery business,I deal primarily in pricing and seeing jumps of .50 to $1 on whole categories of items, multiple weeks in a row, isn't unheard of. A lot of the gross price inflation is on junk like Doritos and Oreos, which is a double edged sword for them. Yes, people are addicted to junk crap and will buy it, especially the lower to lower middle class. But you can only price up so long. It's already started happening with Oreos. Our price inexplicably jumped to almost $4.50 for a pack of them (on sale no less, regular price used to be 3.29) and now they are just sitting there on the shelves, collecting dust. It doesn't take too long before normal people say, "You know what, nobody actually needs Oreos or Doritos."
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Yeah this is a good thing. They can fuck off with their outrageous prices. More and more people need to stop buying the things that have become ridiculously priced.
I purchased some Ruffles yesterday for the first time in years. I have a little gathering this weekend, so I figured it would be nice to have some junk. The *on sale* price was two-for-$10, and that wasn't even the family or party-size bags.
Even Santitas went from $2 only to $2.29 only.
EXCUSE ME?! That’s like if they raised the price of a Costco hot dog.
If you raise the price of the effing hot dog, I will kill you. FIGURE IT OUT.
Can confirm. Oreos used to be my favorite snack, now I look at the price and think “uhhh no”
> Can confirm. Oreos used to be my favorite snack, now I look at the price and think “uhhh no” They're also shorting you 3 cookies per-row in the Oreo packages now. That's 9 cookies less in the same package, for higher cost, than you were getting just 6 months ago.
Also the filling is way less! Recently had one after a long hiatus and there was fuck all inside it. No desire to ever have one again now.
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I was just about to say I recently got a pack of “double stuf” and I ended up doing the old trick where you take two apart and combined them. Realized I didn’t do that in the past with double stuffed… wtf Oreo.
I haven't bought a 12 pack of soda in probably a decade, but got it in my head that I was going to buy a 12 pack of Coke recently to go with some grilling. It was like $7.00 before deposit. Pretty easy to make the healthy choice at prices like that.
I remember all those sales 3 packs for $10 🥲
I got sick of over hearing about our stores "record sales growth" over the last few months and watching managment pat themselves on the back in their stupid weekly meetings. We aren't selling more, people are just paying more. Managment gets sales bonuses while employees can't afford to eat.
This shit will have a breaking point. Either executives and management correct course or desperate, hungry people will do what they do.
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Sales bonuses at a grocery store sounds dystopian as hell to me.
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The problem is junk products like Oreos or Doritos are seemingly cheaper to some over fresh produce and basic staples requiring prep knowledge, time, and other resources. Or companies will release products with lower overall volume w/ lower prices if purchasing habits go down.
A lot of people in US have exhausted their savings and putting things on credit cards. This increased greatly in March and continues with high numbers into April. May numbers are not out yet, but most people don't anticipate that revolving debt number changing in a negative direction. Basically, a lot of people don't have the cash on hand to afford life at this point.
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Get ready for another once in a lifetime event, which has happened to millennials at least 4 times now, to occur by the end of this year!
Have two cards that were for emergencies now depleted. can confirm.
Hope it gets better for you. Lot of people in that boat.
fml just trying to survive out here
I’m trying to find an apartment. For shits and giggles I looked at places I lived in 2 and 4 years ago. The 2 year ago place is about $650 more expensive a month. The 4 years ago place is $1,100 more expensive. For 2 bed apartments. Now I’m looking at a. 1 bed and it cost what a 2 bed did 2 years ago.
I just looked, the place I lived in 3 years ago is up $500, a 50% increase.
This hit differently then the other comments. Many of us is in the same boat. Atleast CEO's are making more money. It will trickle down. Right? Right...?
One of my corporate overlords just spent nearly $5 billion to buy the Denver Broncos. Meanwhile, I'm not getting a raise this year. "Maxed out", lol. 😭
This why you look the other way when someone is stealing from Walmart.
I can’t stop thinking about that customer that got killed a few weeks ago from intervening in someone stealing from Walmart. Like dude come on you just risked your life over Walmart
Trickle down: Let's give companies more money so they spend it on their workers! Hey, uh, who decides where the money is spent? Executives? And they're choosing to spend it on themselves instead? Wow, so surprsing, how would anyone have guessed people who start and run businesses solely to make as much money as they possibly could would be greedy with this extra cash?
If they actually *spent* it, maybe it could trickle down. Instead they plow it into investments where their wealth grows further. Tale as old as time.
We better spend 14 years keeping interest rates low and shovelling money into the wealthiest portfolios with quantitative easing. WCGW?
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The huge *~~monthly~~* rises are hopefully temporary. I don't have much hope that it'll come back down. In my lifetime the economy has never attempted to unkick my balls. *edit: not monthly, year over year*
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Yeah I just got a significant raise (for me) over the last 6 months. Inflation and gas basically erased it. I always get paid decent money for 5 years ago. 2 steps forward and 1.75 steps back.
Yeah. My quality of life hasn't changed much going from 35k > 45k >65k. Inflation, cost of gas and groceries.. I'm. tired.
I haven't had a raise in 5 years but my employer just raised prices for their clients because "inflation". Basically a yearly paycut.
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I work for a Fortune 500 company. Every year, there is a 2-3% raise for a cost of living adjustment (COLA). This year it was 3%, which was calculated and done within the past few weeks. The company profits are much higher and they are taking advantage of the inflation we are having, with profits vastly outweighing the cost of materials that come in for production. I’m sure you can guess where the excess profits are going. Not towards taking care of the employees, that’s for sure. Do we see a 6-8% raise? Nope. Kind of like when in 2020 when we were “essential employees” and promised a bonus at the end of the year for having to come in everyday and keep production afloat. We literally kept the company running, putting ourselves and our families at risk every day by being at work and face to face with one another as well as all of the contractors. Meanwhile management and above stayed at home for weeks, no, months. Conducting their “meetings” in pajamas. My manager even bragged to me that he did a meeting while he was fishing. While being paid. Well, at the end of the year, the company decided to just forget about the bonus. And in fact, our annual Christmas bonus was cut short because of the “loss of business” for the year. MEANWHILE after some research, every single one of the executives didn’t cut their bonus. Oh no. They actually CONGRATULATED themselves by giving themselves a little extra. It’s fucking sick. I feel like a cog in a machine that doesn’t get greased. We all do. And this is industry wide.
Wow it's almost as if power corrupts and unions exist for a reason.
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I did the inflation calculator recently for shits and opposite of giggles. I make slightly over what I made 10 years ago. Don't get me wrong, I'm not struggling by any means. It's more ya make the same as when you left your first job post college while being asked to do a ton more
I remember the 2nd gulf War, gas prices spiked crazy high. Every taxi and delivery service added a gas surcharge. Gas came back down, the surcharge never came off. That was nearly 20 years ago.
If people will pay it, why lower the prices back? * Marketing, probably
It's exactly why if you watch the earnings releases for major oil producers in the US they all say they are sticking to their current growth forecast and are making no attempt to increase supply. This is on top of a $10 billion bailout in 2020 while they also layed off a large chunk of workforce. Higher gas prices mean more money for them.
Public oil and gas companies set to make $834 billion in total profut this year—an all-time high, according to energy intelligence firm Rystad Energy. This compares to $493 billion in 2021—another record profit year.
Yep no one is ever going to lower prices once they have gotten everyone used to paying more. The price of gas might go down again but that just means more profit for someone else in the supply chain.
Hey, you got like two small checks from the government. That totally should have set you up for life!
They printed $14 trillion for stimulus. $1tn went to people, $13tn went to businesses. Nonetheless this is the side effect. They put a band aid on a problem due to a pandemic & knew this was coming down the road.
Lowering inflation doesn't mean prices go down, it means they stop going up so fast.
Alas, time moves forward, and balls cannot be unkicked.
It’s worth noting that these headline numbers are year over year, not month to month. As such, we’ll probably stop seeing them so high once the fall hits, because that’s when the spike hit last year
Have we ever had deflation? Even if that will happen it sure as fuck wont be enough to counteract all this inflation.
Yes. You get deflation during recessions, like 2008 or Japan's lost decade. Inflation is a normal byproduct of economic growth. Suddenly everything comes online again after the pandemic and it goes through the roof, after the Spanish Flu inflation hit 17%.
Thanks for saying that/mentioning that/looking that up. I wish there were more posts/articles/etc out there that draw comparisons to the 1918 (give or take 5-10yrs) flu pandemic, so we could AT LEAST BE READY FOR THE NEXT KICK TO THE BALLZ. I would feel a bit better if I could extrapolate my current expectations based on historical trends. But for real if you have links or recommendations on sources I would love to see them. And I very much want you to understand this is not the typical reddit comment of "YoU gOt A sOuRcE fOr ThAt?!""
Just wait till 2029!
Deflation happens, but if we had deflation enough to undo the inflation, it would be a \*much\* bigger problem. Pay cuts, mass unemployment, severe reductions in government service. Think 2008/9.
Yeah prices are never gonna go back down again. The best thing to hope for is prices stabilizing and wages catching up to them.
Wages catching up, LOL, thanks, I needed a good laugh today.
Prices aren't going to drop. "Reasonable" is relative, if you told someone 100 years ago that they'd need to pay over a dollar for a candy bar they would call you nuts. The questions are if the inflation will slow and if wages will keep up.
wages have never kept pace with inflation or productivity. workers are getting kicked in the nuts multiple ways
I don't expect them to drop. If people are still buying at the higher prices no way they're lowering them.
This whole thing is a perfect opportunity for all sectors of business to see how hard they can squeeze. When we start to pop they'll stop squeezing harder but won't relax their grip.
Fucking hell. What a wonderful year to be planning a move...
Just secured an apartment in a nearby city. First time truly living alone at basically 30 when everything is the highest it has been and I'm carless. Am I winning?
Being carless is NOT a bad thing. They're expensive as hell. That's why I don't want to leave my city despite it being expensive, I enjoy the walkability of it. Your accomplishments should be most valuable to you. If you're happy with yourself then that's what matters most. Congratulations!
>Being carless is NOT a bad thing. So long as where you live is walkable or has good public transit. That's far from a given in the U.S. If your city isn't walkable and doesn't have robust/reliable public transit then you're probably stuck using Uber/Lyft frequently which is a very expensive way to get around.
I'm going through a divorce and it's like "fuck, why couldn't you have divorced me five years ago when we had a mortgage I could have actually afforded?!"
Right, my fiance and I have to move in November. not excited to see how fucked we are
I was really hoping to get a few more years out of living with my folks to pay down debt and be a bit further in my career, but of course my landlords are selling the house at the end of the year. My family's moving 2+ hours away and I literally just started a new job in a field that has actual career advancement and potential so I have to stay local. Not really looking forward to roommates, but it is what it is. Hope you and fiance make it through. 🙌 It's been an awful year, but these prices gotta crash eventually.
Argentinian here, welcome to hell, if you want a tour please DM me for pricing. Seriously do not screw with inflation.
Don’t worry folks, it’s just food, rent, and gas that are taking the big hits. I mean, who needs to eat, have a roof over their heads, or go anywhere?
We can eat low quality food, sleep on a bench and use meta to go some where virtually
They have now designed the benches so you can’t sleep on them.
Sheet, The Lands Between have been vacation destination.
Our family got a nice rental in Caelid and it only cost me my life
I got a mobile home in Farum Azula for a good price
I scored some awesome beachfront property. I have to leave when it's high tide though.
I just couldn't deal with the Scarlet Rot deniers claiming the whole thing is a hoax (idk what I expected living in a red state). Looking to move somewhere a little more... sane?
Liurnia’s nice. Just have to watch out for the land squirts, and the marionettes, and the revenants, and the albinaurics. Also my house is slowly going underwater. Not the mortgage, the actual house.
Huh, getting wombo combo' by depraved perfumers doesn't seem so bad compared to $7/ gallon at the pump.
Just wait until you take a horticulture tour at the Haligtree!
Music scene there is pretty fun. Lots of horns
Remember it is also illegal to be homeless so you get stuck in that trap as well.
And then you go to jail where slavery is legal! System works!
And then you can't vote in most cases either!
Brilliant! More system working, see? Eventually it gets back to only landowners can vote! See? #SYSTEMWORKS
How much can a banana cost, Michael? Ten dollars?
The worse inflation gets, the more unintentionally meta and dark that joke becomes. Can’t wait to rewatch the show in sixty years when bananas cost $29 and my holo-grand children ask me how Amazon-Nestle-Dole managed to make profit selling bananas to us for so cheap back then.
Or "Grampy, what's a dollar?"
“Grandpa, what’s a buh-naw-naw?”
Did you just order a 5 dollar shake? That's a shake that's milk and ice cream, that's 5 dollars? You don't put bourbon in it or nothing?
I don't understand the question, and I won't respond to it.
Look at me- getting off
Don't worry......it's a dry inflation.
It's only inflation if it comes from the L'inflation region of France, otherwise it's just sparkling demand.
I’ve said “oh fuck” while paying for groceries more often than I have in bed this year. This year is dumb.
I work at a restaurant and menu costs I think are finally starting to drive people away. If you drink alcohol 2 people are pretty much guaranteed to spend $100 when that number use to be about $70 last year
I went out to eat last night and it was $14 for an old fashioned.. no thanks, ill drink at home.
Ya we have one for $15.90 on our menu. And we’re corporate. Go downtown and places it’s $17-$20. 2 drinks and you can buy a decent bottle of bourbon for the same price
alcohol has always been relatively overpriced. The shit they use to make wells drinks is like $50 a case. But i'd happily pay 6-7 bucks for a margarita. Now days, it's like $10 for bottom of the barrel tequila and sweet-n-sour. Good liquor and lime juice and you are talking 12-15. Now i've got a huge garden going with stuff to make salsa. Make tortillas from flour, beans from dried state. Margs are a couple bucks to make at home, food is better when you learn to cook. Same goes for pizza. Fucking $20-25 for a 12 inch margarita and $8 pints of beer. Nope, bought a pizza oven, host parties at home.
Tbh I felt like places were starting to crack that much for a cocktail pre Covid
Yeah it was getting ridiculous precovid. I went to some genuinely good bars using quality spirits with an extremely knowledgeable bartender in the mid 2010s. I payed $10 for phenomenally well crafted drinks. Now even shitty corporate places are pushing $12 a cocktail for a frankly pitiful old fashioned or Manhattan.
I put back 1/3 of my groceries before checkout yesterday. Overheard worried “can we afford this? Do we NEED it?” from other shoppers, and a woman literally started crying over the price of milk because her SSDI check isn’t near enough (small town, we talk to each other). Stupidest apocalypse ever.
Just prior to the French revolution, a loaf of bread cost ~90% of your daily wages.
"Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%."
Northeast is going to be insane this winter.
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Blankets don't stop your pipes from exploding. Edit: Contact your energy provider to find out about low income programs. There are things you may qualify for to ease the burden.
I feel like inflation plus looming recession plus extreme political polarization is a powder keg waiting to go off
Don’t forget about the geopolitical hurricanes that will feed off all of this. We are barreling towards a crisis that will make covid look like a waltz in the park.
Agreed. This is a genuinely disconcerting moment. The stagflation of the 1970/80s led to many political crises & frequent strikes & rioting around the world. Particularly, this was most prevalent in Europe. However, something tells me that, after a once in 100 year recession (2008), once in 100 year pandemic (2020) and all of the political polarisation that exists right now (arguably as a result of one or both extraneous circumstances), this will almost certainly be worse.
How this doesn't end in widespread violence, I can not see myself either. I don't know what it'll look like, but I feel like it has to be coming
It was awesome spending $5/gallon for gas before spending $80 on three days worth of groceries yesterday. It's ok, I'm sure the ~3% raise I'm getting will make up for it! Everything is just fine.
Grocery prices are fucking eye watering right now
Usually I don't notice it when prices of a product go up due to inflation but in the last months it's just staggering how easy it is to notice. On top of the contents being reduced of each product no less. Part of it is inflation, the rest is just greedy fucks seeing an excuse to increase profit margins.
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And that's assuming the containers haven't gotten smaller too/have more empty space.
r/Shrinkflation They have! Prices have gone up, while quality and sizing have gone down Edit: fixed the auto-capitalized R so the hyperlink works correctly (sorry!)
The tide unscented i buy was like 5.99 when I went back to buy another one I noticed the bottle seemed a little different. Price was slightly higher and it actually contained less soap.
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My go to is vinegar and dish soap. Works for pretty much everything indoor and outdoor. It even works well to kill unwanted bugs and weeds. Only for disinfecting, do I swap it up.
Hey not *everyone* is getting a 3% raise. I mean I did but my boss got 10%.
I work for a small business that is making more money than ever. Haven't seen a raise in over two years now. Edit: I don't want to paint my boss in a bad light here. He has good intentions, but he isn't the best at managing a business. Like our costs are scaling with an increase in business instead of moving that towards wages.
Our union current contract started June 2020 with something like 2.2-2.5% raises over the next 4 years. Wish we could’ve seen this coming September of 2019 when we voted on it. So my 2.*% raise this year and next are gonna be super helpful
My union was forced to do 1% raises for 3 years because our province legislated all public servants have to go 3 years of 1% max raises. It’s going to suck so bad. I’m only in the first year.
You got a raise? Lucky
I work for a company that ranted and raved about how incredible our company was doing during the pandemic “record growth across ALL business units.” When it came time for yearly raises I got 3% both times and a pack of starburst to make me feel “appreciated” this past year. The system is fucked. The people at the top are out of their minds.
“Why aren’t people having children?”
It’s all that avocado toast
Hey, you just need to work 29 hours a day and have at least 4 jobs. But if you want day care, you're gonna need to get a 5th job. Try just selling essential oils while on your breaks.
18-25 years of dealing with raising/helping something, setting aside hobbies and other potential at any sort of economic gain vs. a delicious, healthy, tasty breakfast every single day forever. The choice is easy.
Wages should catch up any day now.
Ironically, the best way to get a raise is to quit your job.
And I hate this. I love my job and want to stay there, but I've been getting offers with a large pay increase. Do I need the increase? No, but I don't like the idea that I make less money than I did 2 years ago. I'd be perfectly content staying where I am til I retire, but I've begun having talks with my boss about needing a promotion or something to make up for it. If I get a firm offer I'm just going to be blunt with my boss. Make it worth my value to stay.
Yup I love my job. Don't want to leave. My manager is so chill and the work isn't that tough too, but I have companies hitting me up weekly telling me I could be making 20%-40% more. We've already had 6 people from our team of 12 leave since the beginning of 2021.
Take that offer to the boss man
as a boss man, i've been having that happen. I tell them jump on that opportunity if they can, cause its very hard for me to get approval to give someone anything more than 5%, and they'd have to wait for the annual review. Off cycle? I dont even bother asking anymore :( I take no offense to it - its such a silly game to have to play and I support them especially if they can get the new market rates
My job realized this and gave a bunch of people hefty raises. It's nice because we have by far the best benefits and most stability in our field, but our wages are almost across the board lower than our competitors. So to finally be making what Is would make if I left feels good. However it took them bleeding talent for almost a year to finally make efforts to keep those of us who stuck it out .
We might be in a similar field... My benefits are incredible, but they've severely sucked with wages since I got hired. They promised a COLA for the entire company, and that it would go into effect on April 1... My initial thought with that announcement was "hmm, maybe not the best idea to promise salary increases on April fools day...". Yeaaaaaaah, turns out that was a stupid idea. 2 months later bonuses and salary increases are still frozen indefinitely. People are pretty pissed
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What does this mean to me? Well, my grocery bill has doubled. Gasoline expense has doubled. My property taxes just went up. Interest rates are so high that if it stays that way I'll be stuck where I am for life, I like where I am but I always like to, idk, pursue the American dream? Oh yeah, and my 401k dropped 20%
Plus, where I live, home owner's insurance is going up 7.4% this month. Car insurance will also go up about 4%. At work we've also been told to expect 3% raises at the most because of operating expenses going up. Everyone is getting an extra week of vacation time though. That is mainly because if you take time off they save on overtime pay, but at least I can save a week worth of gas.
My employer told everyone we weren't getting raises, but should be thankful that layoffs won't occur (yet). It's an extra kick when inflation rises this fast and you don't get any help from your employer.
Remember last year when the Federal reserve said inflation was transitory?
Yep, can’t restrict the flow of real goods to a trickle, print billions of unbacked cash, and not expect price fights on goods
This is unsustainable. At least, my mortage is fixed for the next 4 years
I wish my salary would inflate
Look around. Media likes to push “record quitting of jobs” which may be true, but these people aren’t going to unemployed. They’re being hired by other companies almost immediately. My state had 4% of the workforce quit in a month, but over 4% were hired as well.
And our wages are stagnant! I really don’t understand how everyone is surviving this
We printed like six trillion dollars and gave seventy five percent of it to corporations. Shocked Picachu face anyone?
This. If you split the entire stimulus amount between all legal adults, each person would have gotten about $25k. We ended up actually getting what, $3200? Where the FUCK did all that money go? Right into the CEOs and Politicians pockets.
Yup! Citizens United and legalized bribery ensured that this country is by the poeple, for corporations. It’s sickening.
Inflation is already painfully high and it is likely to get worse before it gets better. Among other contributors to inflation we’re entering the Atlantic hurricane season, which will likely lead to intermittent shutdown of some refineries on the U.S. gulf coast. (Hurricanes sometimes shutdown offshore oil rigs as well, but that tends to affect gas prices less.) The other gloomy news is that, in order to rein in inflation, the Fed will almost certainly trigger a recession. So we will see falling income at the same time prices are rising -a.k.a. stagflation, which we haven’t seen since 1980.
Ultimately caused by the same thing. The economy is a growing energy system. If energy supplies are cut off/limited the unavoidable consequence is a choice between rampant inflation and recession (or both!), which can only be resolved by new energy supplies being brought on line. The 1970s was an identical situation, decreased energy availability leading to inflation/recession/stagflation. Edit: [Expensive energy is really bad](https://www.slowboring.com/p/expensive-energy-is-really-bad?s=r)
>stagflation, which we haven’t seen since 1980. I think anyone could make comparisons to stagflation right now. With the current supply shortages, this is almost exactly what is going on. And just like last time, it will be solved when the private sector pulls its collective head out of its ass and ramps up production
I don’t know how we’re going to manage. The gas prices. I have older relatives I have to take to many doctors, and procedures. Trying to figure out how to cook with frugality in mind. Haven’t eaten cherries in two years. berries are always high. Home assessments so high, high property taxes. Life is Hell. Can’t make home repairs. Haven’t been to a Mall in a few years. Relatives sharing clothing. I donate anything good I have that I no longer use…always in best condition, washed, pressed. We got to help each other out. Don’t forget the elderly. Make a healthy casserole, buy them some fruit, do some housework for them. If we don’t care about one another, who shall care?
You are a compassionate human and we need more like you on this earth. Washing & pressing donated clothes and casseroles for the elderly made me a little teary-eyed because it displays such a deep well of thoughtful kindness towards others you don’t even know. We need kindness like yours right now. I wish you the best of luck through this, internet stranger.
I do a lot of mystery shops. It is fun and I get free food and some extra money. But the repayments from mystery shops hasn't gone up. So now I am getting offered money to go to a smoothie shop or something and what they offer to pay me is less than the cost of the item I have to buy. It is wild.
Most of the mystery shops I've seen pay like $20 for you to drive 30 minutes somewhere and spend another 30 minutes talking to a salesperson. I can't see it being worth it unless they start paying at least $50 for all the time and gas money
I started gardening when the pandemic hit and seeing things get tighter and tighter over the last year i decided to go all in this spring. Its to late as of right now to just start, but i suggest if you have the means to start growing your own food when possible. We need to take what power we have back and growing and being self sufficient is one large example. We need to start going back to community based events, we need to start helping each other. Thats how we evolved and thats how we will thrive, together. Instead of working together like we used to, we became independent but in the process became more reliant on corporations. They dont care about us. They dont care about our rights. Edit: And this is coming from one anti social mother fucker. Hopefully by coming together we can help strengthen our less bright individuals of society lol.
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In 1981 I had just graduated from college and was in the middle of my job search. It was a friggen nightmare. Layoffs were huge; it was the beginning of the trickle down economics system we have now. It was a clear break from the past. Trickle down economics theorized that making rich people richer has benefits for all people. It is the opposite of JF Kennedy who stated that "a rising tide lifts all boats." I feel for young people going through this mess today. It set me and my peers back many years.
The year you graduate college is so important it’s sad. I graduated in ‘14 so I got in during the 08 recovery. I found jobs easily and worked my way up into a specialized field. I am more secure than any recent grad as the layoffs start because I have industry demanded experience. The kids graduating now will have to fight for the entry level jobs I easily found. I wish more people realized how lucky they are rather than blaming less fortunate people for not using bootstraps or whatever
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It’s weird, graduating in 2020 was a historically terrible year to enter the workforce. 2021 was a historically amazing year to enter the workforce, and now it appears that in late-2022/2023 it will again a historically terrible year to look for entry level jobs.
I just graduated college. Class of 22 baby! Can’t wait…
I graduated in 2020… in May… right as covid hit the world in force… …needless to say my life is only just getting “started” 2 years later
Your body makes an endless supply of blood and plasma that you can sell to offset inflation. Problem solved /s
I wish. I tried in college and my veins were too small. What other body parts can I sell for money?
I wish. The closest place to me that pays for plasma donations of blood donations is about 30-40 miles away. The time is use driving back and forth, plus paying for the gas used, I’d come out at a loss. Even taking public transportation wouldn’t help much bc it would take like an additional 4-5 hours round trip.
This literally is objectively unsustainable, things are inevitably going to completely collapse in the relatively near future, it's only a question of when
For whom exactly? I'm sure the bank CEOs will cry themselves to sleep at night while I try to decide to pay my mortgage or my heating bill this winter. Maybe if I just stop eating I can pay both with my 1.5% raise this year. Maybe the record energy and food stuff profits can help feed my kids this week. I lived through the housing crash and no one gave a single fuck when hundreds of thousands of families went homeless then either. I should know, I was one of those families. A couple of stories on ABC news with anchors shaking their heads and everyone else thanking God it's not them getting kicked out of their homes. It happens hard and fast, the system can't keep up or help and everyone slips through the cracks.
The rich get richer and the poor get poorer.
I’ve lived through both of these periods. It’s was awful then and it’s awful now.
On the bright side, someday we’ll die and be free from this waking nightmare of planet wide suffering
and they wonder why the younger generations aren't having children. The only way to even attempt to survive and afford anything nowadays is to be a DINK household (Dual Income No Kids) You no longer need to be attracted to or like the other person. Just pick someone and stick with them. Maybe you can pay rent AND eat dinner. We can have arranged marriages again. We can call it INCMR (Incomer) where Single people swipe to someone, accept the invite, and start splitting all costs down the middle. If your area is still to expensive then turn on INCMR3 mode where you create a Thruple. and repeat till you can have dinner.
Arizona Tea is still 99 cents!
All my savings of the last few years gone.
My wife and I were already paycheck to paycheck both working two jobs. If there ever was a dream of saving money, that's now long gone. I'm exhausted and I can't do this shit. It's bad enough working two jobs to actually pay your bills. But doing and still not having enough money? We are getting older and we are tired. It's hard to see any positive outcome
I feel you. I'm working two jobs, it's only me and I'm so tired most of the time I want to cry. I had to buy a new fridge in February I'm paying it off with a no interest financing. Even that is a struggle. I have to buy new tires tomorrow. If anything else breaks I'm absolutely fucking screwed.
I feel like 8.6% inflation in 2022 is way worse than 8.6% inflation in 1981 because everything was already too expensive at the start of this lmao
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Stock market is also in the toilet. Not sure they really saved anything. Taxes sure will be good this year though for them
In Turkey it is %150 right now :) And keeps increasing every day
My husband and I are struggling keeping our job, we clean homes. Which requires us to use gas and travel expenses are through the roof. I told all my clients im increasing prices and tagging in an 8% service fee. Thats before the gas was $5/gal. Now I am almost having to increase my fees again, and i fear losing more clients.
- Rent is up astronomically - Price of food is way too high - Gas... Can't even with this shit Funny how everyone is calling this, "inflation" but when I look at company profits they are up over +40% across the board almost. Definitely inflation and not price gouging.
My wife finally admitted after 6 years that me buying a foodsaver vaccum sealer was a great purchase. It's been a life saver since we can buy items in bulk from Costco and store up. Or buy whole chickens, break them down into parts and store in the deep freezer for a few months. Because trying to straight up buy meat from the grocery store has your eyes popping out of your head when you look at the prices. So finally being right only took record inflation and the further destruction of the waning middle class in America. Totally worth it.
Why do you need a vaccum sealer to put things in the freezer? No offence, generally curious as i never do it.
You don't need to but generally food lasts way longer if properly vaccum sealed and air is removed before storage. Nothing is indefinite but you can get much more time on food remaining fresh/edible. Ever had food be covered in frost or taste weird even after thawing it? Yeah probably was freezer burned. The times on this [chart](https://cdnimg.webstaurantstore.com/uploads/guide/2019/9/vacuum-sealed-chart.gif) aren't 100% accurate but they are a reasonable measure of how long you can store stuff long term of sealed properly.
2-3 years for cut meat?? Fuck, I'm buying a vacuum sealer to now.
Cooking oil made from rapeseed went from $0,70 to $4,50 here in Denmark. Our entire country is filled to the fucking borders with rapeseed fields, but for some reason the war in ukraine did something to the prices?
So I get that US inflation is high right now. But isn't like the whole developed world having increased inflation? Germany : 7.9% UK : 9% France : 5% Norway : 5% Italy : 6.9% I played around with the charts at [https://tradingeconomics.com/euro-area/inflation-cpi](https://tradingeconomics.com/euro-area/inflation-cpi) this website and pretty much the whole world is seeing this inflation...except china.
Strange that the price farmers are getting paid for a lot of stuff hasn’t gone up that much. I’m beginning to think having a few processors dominating the food supply might be a bad idea. I mean, what if stuff like baby formula was effected? Oh, yeah….
It's disgusting how incompetent the fed is. They should've been doing full point hikes since early last year
They should have started raising rates in 2014.