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149 sats \ 12 replies \ @Undisciplined 11 Jun \ on: Another Miss By MSM As U.S. Inflation Rises 0.1% in May Far Less Than Expected econ
Casual reminder that inflation falling doesn’t mean prices are falling
They made a point to note the price of eggs did in fact fall!!!
It was noted that apparel inflation went negative so the prices fell which is surprising given the importation factor
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The price of beef definitely went up in the past couple months. Big bummer since I eat a LOT of beef.
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There’s a big disruption right now that’s shut down imports from Mexico.
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Oh, is that what's causing the rise in prices for beef?
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Not sure, but it can’t be helping.
It’s related to a parasite, so it may also be leading to more biosecurity measures in American producers.
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It is very nice when prices actually do come down.
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They don't. That's deflation
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Every so often particular prices do.
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But that's not what government inflation readings measure... they measure prices across the economy ie a wide range of consumer goods.
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Indeed, but I was replying to a comment about egg prices coming down.
That’s why I’d rather save in sats. Fiat loses purchasing power slowly or quickly — but always down only. 📉
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