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U.S. annual inflation rate drops to 8.5%

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Re: U.S. annual inflation rate drops to 8.5%

#581

Earlier quoted context omitted.

Or pull your generator out and power your cooler and other essentials. Much easier than trying to get and find dry ice in an emergency.

Where does one normally find dry ice in the US, even when there's no emergency? Is it a commonly stocked thing?

Fairly common in grocery stores. Regular ice also works just fine, but dry ice is arguably better in freezer applications because, while it doesn't last as long, it is much colder.

Re: U.S. annual inflation rate drops to 8.5%

#582

Earlier quoted context omitted.

c. 2005, a $100 shopping cart was overflowing. 2022, a $100 shopping cart may still have space left before you have to start stacking things. More like $300-$350 if you fill it up.

Hey, even Spring 2020. I remember taking over grocery duty during the early days of the pandemic and stocking UP for the whole month. And it would be like 200-250. I'm talking cart overflowing, meat for the freezer, wine, etc.

If I look at my amazon history from around 2015, clothing was insanely cheap for a while there. Prices have gone up, quality is down.

Re: U.S. annual inflation rate drops to 8.5%

#583
post #386

Earlier quoted context omitted.

Where do you get this "fact" that Russia won't surrender? More powerful armies have been forced to retreat from unsuccessful invasions.

I dont see any way Ukraine can win. There’s a lot of real information out there (military reports). I’m not going to dive into that and debate it. There are also many channels covering this topic mostly neutral: Here’s one: https://m.youtube.com/watch?v=KILAY2miQdI Here’s another: https://m.youtube.com/c/AlexanderMercourisReal In short, for Russia to lose would be the end of Russia. They have to be seen as hitting th…

Ukraine can't win in the sense of achieving an outright battlefield victory and ejecting the Russian invaders. But NATO and the EU can keep Ukraine from losing by continuing to support them, and maintaining sanctions on Russia. This will bog down the bulk of Russia's expeditionary military capacity in a quagmire, just like with Afghanistan in the 1980's.

Unfortunately this will have some bad effects for the rest of the world in terms of food supplies, but it's a price worth paying to eliminate Russia as an effective geopolitical player for years to come. Remember that it's not just about Ukraine. If the rest of the civilized world pressures Ukraine into ceding territory to Russia as part of a peace settlement then next year Russia will try to take a little slice of Poland, a little slice of Estonia, etc.

Re: U.S. annual inflation rate drops to 8.5%

#585

Earlier quoted context omitted.

The 1980 and prior CPI calculation is still calculated here: http://www.shadowstats.com/alternate_data/inflation-charts As inflation was measured in the 1970's, we are experiencing ~15% consumer inflation.

ShadowStats claims ~8% inflation since 2000, i.e. a 5x cumulative increase in cost of living. I don't buy it.

I mean, you could buy a 3 bed / 1.5 bath house in the bay area for around $200k in 2000. 5x is roughly correct, easily.

Re: U.S. annual inflation rate drops to 8.5%

#586

Earlier quoted context omitted.

The 1980 and prior CPI calculation is still calculated here: http://www.shadowstats.com/alternate_data/inflation-charts As inflation was measured in the 1970's, we are experiencing ~15% consumer inflation.

I'm no economist, but this [1] badeconomics post and the comment section were quite convincing for me as to why shadowstats is not a good resource. [1] https://www.reddit.com/r/badeconomics/comments/3zik5t/shadow...

thanks! I didn't know shadowstats was just adding a constant to the BLS data. I thought they were actually re-calculating using the pre-1980 method as they claim.

Re: U.S. annual inflation rate drops to 8.5%

#587

Earlier quoted context omitted.

You can also, live in a tent, and avoid electricity all together! But for those who like protein packed meals in a comfortable environment an additional deep freezer is a great investment. You can deep freeze extra veggies/fruit if you have a beef with meat.

Or you can buy beans and rice. More protein. More cooking options. No need for freezing.

Beans and rice are both great staples and it makes sense to store them if you have the room. However, saying that they're more protein than beef is absurdly wrong.

A dehydrator is another good option for preserving perishables. The shelf life is a bit shorter than most people would think, but properly packed and sealed you can get at least 3 months or so.

A freeze drier will preserve perishables for significantly longer than a dehydrator, but they cost an order of magnitude more. If you have a big garden or something though the three grand outlay might be worth it.

Re: U.S. annual inflation rate drops to 8.5%

#588
post #516

Earlier quoted context omitted.

That's how it works. Inflation is not a force that acts on all prices. It is a measurement of a weighted average change in prices. One thing can be up a lot while another thing is flat, or even cheaper.

What has gotten cheaper?

Gas went down since last month.

But the point isn't specifics. The point is that the existence of some things that went up by more than 8.5% over last year is not meaningful evidence that the 8.5% number is a lie.

Re: U.S. annual inflation rate drops to 8.5%

#589
post #526

"In the fall of 1972, President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." - Civ5

Would that be third derivative or just second? My brain doesn’t want to parse that

> the rate (y) of increase of inflation (x) was decreasing (z).

I guess first, does he mean that y, the rate at which x increases is going down by z? or that y is down, but z is not its rate?

And second, if you see inflation here as a derivative or not.

Re: U.S. annual inflation rate drops to 8.5%

#590
post #416

Earlier quoted context omitted.

I'm riding my bike a lot more to get places, rather than just for recreation; and it seems this is true for many around me as well.

But when you think about it, what’s the benefit of driving? For reasonably short drives you don’t save much time with parking in cities and you don’t get any exercise.

Air conditioning
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