News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Go buy a good used car right now.
That isn't an indicator of current inflation. Past inflation, maybe.
People confuse "everything is expensive" with "inflation is currently high". It's an understandable misunderstanding, and part of the reason why Kamala lost.
It's because of hysteretic effects from 4 years ago when they stopped production of cars and fewer cars were sold because people were staying home. Then there was a supply chain crisis because of the aforementioned shutdown. It's inflation because the dollar can buy less than it used to. Things being more expensive is inflation. You're confusing inflation rate with inflation.
Inflation rate and inflation are the same. You're confusing inflation with affordability.
easy, just compare to 5 years ago instead of year-on-year, and that will give you a 24 % inflation.
Now tell me how can you make life affordable again ? increasing wages by 25 % all at once or deflation at 15 % or so? or an all out civil war or something ?
This lie that inflation can only go up without wages keeping up is what the governing class helped by their paid for economists use to keep the working docile until shit hits the fans.
I'm not sure why you're responding to my comment. What you said seems to be completely unrelated to what I said.
That's literally the definition of inflation. "Inflation is a loss of purchasing power that reflects a rise in prices for goods and services over time."
That definition is literally describing a change, as rate of change.
Over the past year, we haven't experienced a loss of purchasing power. We have a lack of purchasing power, but we lost it over the 2-3 years prior to the last year.
This is pretty much the mathematical definition of a rate of change. Like how speed is the rate of change in position over time. After a day of traveling, your position (prices for goods) may be way different than your starting point, but if you're not currently moving, your speed (inflation) is NIL.
Did you see the used car prices a few years ago? They're trending downward.
Inflation is the derivative, it's a rate of change. It doesn't say anything about absolute purchasing power. Past inflation contributed to raising prices massively. Currently, inflation is very low, so prices have stabelized to the new, higher level. To get them back down to pre-covid levels, you would need negative inflation (deflation), which most economists agree is a really bad thing. Instead, the goal must be to increase consumer purchasing power, by raising wages.
Used cars aren't a commodity. Mileage and age of available used cars has increased. Value for your dollar is continuing to go down. It's shrink flation.
[citation needed]
That's sales, not prices. Sales are down because prices are up. For $27k I can buy a Toyota Corolla hybrid and almost a Toyota Prius. Used car prices are slightly down because people are trading in crap with 200k miles.
It is not.
https://www.cargurus.com/research/price-trends
Go buy eggs, bread and milk. Better part of a twenty.
As I've pointed out elsewhere, that's not inflation. That's a lack of purchasing power, not inflation which is a loss of purchasing power. We lost that purchasing power over 2022 and 2023, but the difference in price between November of 2023 and now is relatively small.
Oh neat! Inflation only exists if it happened in the last 12 months. /s
Accumulative inflation is a thing, and it is up 21.8% since 2020.
Sure, but that has almost no impact on Fed policies.
Corporate greed, not inflation.
I literally just bought these three items earlier today. I spent 8. High end of $20 is either exaggerating, or you're buying some fancier foods than me.
These are dollar store brands. $4 milk, 4 bread, 4 eggs, $12+ tax. Location matters, so do food deserts. Last I checked, $12 was more than half of twenty.
That's a little under $10 where I am in Seattle. No tax on food here. If I feel like driving a little bit to Target, it's only $8. I definitely know of food deserts though. The town I grew up in only has Safeway and Walmart. The IGA closed down. Looking at prices, they are about the same as they are here which sucks because the incomes are nowhere near what they are here.
I'm alright with a week of groceries for the four of us choosing $125/wk but I know that is difficult for some.