Big difference between then and now for savers is that back in the day you could buy a 10 year treasury bond yielding 15.75 percent to help offset the pain of inflation. When our country, and it’s general population, weren’t strapped with unsustainable debt, the federal reserve was actually able to take adequate measures to effectively combat inflation.

Egg prices are due mostly because laws were pasted that hens must be cage free. And bird flu that wiped out millions of hens. On top of that, feed prices went up. AMA for years, was promoting eggs as the enemy and not to eat them. All BS as eggs are high protein and no calories. So demand outweighs supply.

Haven't you heard, "this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped". So there is no inflation now, it was just transitory...

Gas is still fluctuating up and down week to week.

Food both groceries and restaurants still going up. Very understated

food can be very regionally affected. The CPI is for all USA, alaska, hawaii, and continental US. . . So it's a number which includes a very huge area with lots of variations through out the sampling.

hard products like this, the CPI is pretty good estimate. Within services, it's a dumpster fire of a sampling process. Owner's equivalent rent is the worst dumpster fire with health insurance next.

so what's your egg spending as a percentage of total spend??
versus insurance and taxes??

I know people have individual pain points and cherry pick examples to suit their own biases, but eggs? one carton lasts two weeks for us, = 24 max cartons per year, which = $100 +/- not significant. . breakfast or lunch at any non fast food joint is easily $20 per person, $25-30 if hungry with tip. . .

That's all labor inflation from increasing minimum wage to compete for labor and mandatory labor rates. .

not to be argumentative, and its not that these numbers are perfect, its that they are what the government and lots of decisions are made on. . government and private decisions using the best information possible. .

Gas buddy analyst, gas prices are the lowest in several years across the country. . .
yeah, stations play games with customers, inventory, expected increases, etc. but gas prices on an inflation adjusted basis, very, very , very cheap.

Most very poor don’t own vehicles so no need for gasoline.

Just cause crud oil goes up down like rollercoaster (do to futures stock trades) don’t mean other commodities will go down ever IMO, sure might drop few cents but NEVER drop enough to make differences.

For most people in TV, eggs are minor expense, since we're not the "typical family of 5"...

For those people, it's a significant cost...

Us...............maybe a dozen per month.
:shocked:

Transitory, what a load of BS. I hate terms that attempt to deceive people into believing a fictitious agenda. The inflation we are experiencing is permanent and significant. Real meaning, prices make a transitory shift from much lower to very expensive and permanent.

Is inflation still at the 5%/6%/7% level or has it come back down?

At what time in the past 40 years have overall prices decreased?

Inflation is going to continue, it might level off every now and then but before you know it, it creeps in again. Compare the income in the fifties when an employee was making a $100 a week and was making ends meet, today that person would be homeless. There are a number of factors that control inflation. Supply and demand, companies that become cooperations which have to satisfy their management and their investors which today is usually us, employee shortages. It's a balancing act, the population grows to fast it causes inflation, the population grow to slow it cause inflation. Though most of us want to pin this on one fall guy, it's truly a combination of factors.

For now, he will come back as his situation improves.

Looks like Congress needs to pass a sequel to the Inflation Reduction Act.

Inflation Reduction Act | U.S. Department of the Treasury

Not a sequel but an antidote.:smiley: