Talk of The Villages Florida - View Single Post - 3.3% Inflation, R U happy???
View Single Post
 
Old 06-19-2024, 12:10 PM
Byte1 Byte1 is offline
Sage
Join Date: Sep 2017
Location: The Villages, FL
Posts: 2,903
Thanks: 14,749
Thanked 3,854 Times in 1,590 Posts
Default

Quote:
Originally Posted by Bill14564 View Post
Gas in June 2023 was right about $3.30/gal. Today it is close to $3.00/gal. That would be about a 10% DECREASE.

According to here, the price of a dozen eggs in 2023 was $2.80 but only $2.70 in 2024. That would be about a 3.6% DECREASE. WinnDixie is advertising $2.99 and Walmart is $2.06 so $2.70 is believable.

Inflation numbers are calculated on more than just one particular item on one particular day. There is more than one inflation index and certain items are specifically excluded from certain indices. I believe the 3.3% number for the year-over-year increase for a particular index for a particular month... I just don't know which month or which index or what that index includes/excludes.
Hah, nice try! Now compare your "today" prices with those of five years ago.
Eggs in 2019 = $1.40
Gasoline in 2018=$2.74 2019=$2.64 2020=$2.17
Anyone that shops and/or pays their monthly bills, knows when someone is lying to them when they are told that they are living better now than sometime in the past. When the price of products is 30-50% more than another given time, and their fixed income only increases 1-3% and they have to start sacrificing, they know that it's not raining when someone is peeing on their shoes.
3% inflation only means that it has only INCREASED that much since last year. It does not mean that prices have gone down.
__________________
Never take life seriously. Nobody gets out alive anyway