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US Wholesale Inflation Rises by Most in 3 Years

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191–200 of 412 posts

Re: US Wholesale Inflation Rises by Most in 3 Years

#192

Earlier quoted context omitted.

In the end, it won't matter. Only economists, policy makers, investors and people blabbing on the internet do care about stats. Ordinary people just look at price tags; that's all they need.

It's nice to have agreed-upon, citable facts though, even if only so that voters know who's full of crap during a debate. When the next R candidate says that Trump handled inflation beautifully, it's important to be able to point to an authoritative source that shows that that claim is BS.

Yes, it *would be* nice to have well-informed voters and intelligent and well-argued discussions.

But we'll never live in a place like that. We're stuck in the Facebook/Twitter/WhatsApp world.

Democracy is a circus managed by the monkey cage.

Re: US Wholesale Inflation Rises by Most in 3 Years

#194
post #145
post #67

Earlier quoted context omitted.

I can't speak to this, but I suspect something is afoot. I know my mom went to a university that she paid for with a part-time job while a student. Currently that university's tuition is 80,000 a year. When I looked at what inflation figures said for college education, it wasn't enough to account for that 10x+ increase.

That's wild, I had no idea they had gotten that high. When I was in college (2012-2016), the most expensive places were in the $50k-60k range, which already was quite absurd. The fact that they've grown so much even in the past decade is mind-boggling.

$80k is basically $60k in 2012 dollars

Re: US Wholesale Inflation Rises by Most in 3 Years

#195
post #123

Earlier quoted context omitted.

We all know Trump voters didn't give two shits about the price of eggs. That's not why they vote for him.

If eggs were about inflation, why did the price drop back down?

Egg production is seasonal, there's way more supply during summer.

Re: US Wholesale Inflation Rises by Most in 3 Years

#196
post #121

Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…

When you make insane claims like “the US has 900 military bases close to China”, you discredit yourself and your entire body of work.

Please quote me correctly. I said:

“” If you look at a map of our military bases, we have many bordering China. I think our total number is close to 900.””

I intended to say 900 in the entire world, but I corrected that in a comment to 750-900.

Re: US Wholesale Inflation Rises by Most in 3 Years

#197
post #145
post #67

Earlier quoted context omitted.

I can't speak to this, but I suspect something is afoot. I know my mom went to a university that she paid for with a part-time job while a student. Currently that university's tuition is 80,000 a year. When I looked at what inflation figures said for college education, it wasn't enough to account for that 10x+ increase.

That's wild, I had no idea they had gotten that high. When I was in college (2012-2016), the most expensive places were in the $50k-60k range, which already was quite absurd. The fact that they've grown so much even in the past decade is mind-boggling.

You entered college over a decade ago. We’ve had a lot of inflation in that time.

From an inflation adjusted perspective, I’d actually rather pay $80K now than to have had to pay $60K in 2016 when you graduated.

You also probably know that most students don’t pay full price due to sliding scales.

Re: US Wholesale Inflation Rises by Most in 3 Years

#198

Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…

Fred has the data:

https://fred.stlouisfed.org/series/CP0000EZ19M086NEST#

https://fred.stlouisfed.org/series/SUUR0000SA0

I’m driving, it’s difficult to put them on the same chart and normalize. But they are very similar. There are differences in methodology (housing, healthcare) but those generally add a small amount to US inflation chained index vs HICP.

Re: US Wholesale Inflation Rises by Most in 3 Years

#199
post #76

Earlier quoted context omitted.

Business is always "greedy", but it's true that it took some external events to make them realize they could get away with higher prices because consumers had gotten lazy about comparison shopping and alternatives. Good on you for boycotting increases by eating simply.

Because business is not a single monolith, and because it is greedy, it kills the naive idea that "businesses raise prices because they can". Any gouging price increase is a gaping hole for a competitor (businesses are greedy and therefore will take money from other businesses) to come in and steal business. This is something that is obvious to people who have been on the business side and mostly opaque to people who…

I'll hold my breath for the fast food chain that lowers its prices to better compete with the chains that raised theirs.

We have plenty of examples, with documentation and receipts, of businesses participating in price fixing, collusion, and other cooperative behaviors that result in higher prices for consumers and reduced competition between businesses.

You are naively assuming that all businesses express greed in the same way. Some of them realize they can make quite a lot of money with a lot less work by working together to raise prices. Not all markets are easy for a newcomer to break into, competition is far from guaranteed if the established players are cooperating.

Re: US Wholesale Inflation Rises by Most in 3 Years

#200
post #154

Earlier quoted context omitted.

They didn't say that. Your reading comprehension is poor.

> If you look at a map of our military bases, we have many bordering China. I think our total number is close to 900. I would grant them the benefit of the doubt if English wasn’t their native language, but they’d identified as a US citizen elsewhere in the thread and their name strongly implies native speakership. In the US, this conversational construction in this context is most reasonably interpreted as the secon…

No, I asked Gemini 2.5 Pro in ‘deep research’ mode to give me an estimate.
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