INFLATION RATE

Well said. The Biden administration is quick to point out - hey, prices remained stable for the last two weeks. Inflation is under control 🙄

Remember, most people do not even know the DEFINITION of "Inflation." And people were REALLY ignorant of that definition not that long ago (Example: The Ford Administration had buttons made that said WIN.Whip Inflation Now. There were commercials that blamed CONSUMERS for inflation, calling them piggy. That's how ignorant the country was back then, and it remained ignorant through four years of the Carter disaster.)

Inflation is TOO MANY DOLLARS CHASING TOO FEW GOODS. Inflation can ONLY be created by GOVERNMENT, by flooding the M1 market with too many printed dollars. Unelect Joe did that at record levels with those stimulus checks. And the effect was instant. Yes, it didn't help that he raped the domestic energy industry and caused the price of fuel to skyrocket. But remember, inflation is a monetary problem.

Wanna know what caused the FIRST gasoline shocks at the pump, back around the early Seventies? (Probably there's no one here old enough to remember having to wait in long gas lines,while a LYING government tried to tell us there was a fuel shortage.)

Richard Nixon had taken the world off the Bretton Woods gold standard. The OPEC nations warned him not to do this, because ALL oil is traded ONLY with US dollars. The US dollar is the reserve currency of the world. (And the reason why Americans aren't paying $10 a gallon for gasoline like most European countries.)

Nixon was the first, and what he did was a disaster. In fact, his was the most LIBERAL presidency in history. Adolf Obama would KILL to have as LIBERAL a record as Nixon.

Good comment. But just to toss it out there the CPI has seen a dramatic drop over the past two years. Have to go back to the 50's to see this kind of drop. And yeah. Many are struggling but, on paper at least, wages are rising faster than prices. What you did accurately point out is the minutiae of pricing. There's SO much that goes in to it. People don't think of the plastic it takes to shrink wrap something. Or how global events and drought impact wheat prices. And on and on. I think the supply chain breakdown around Covid might have opened some eyes. It's incredibly complex. But as consumers we usually don't think about those things when we're at the grocery store.

But what isn't complex is C-suite salaries increasing more than three times that of the median worker over the past year. And overall wealth disparity isn't a complex process either.

What I will never, ever understand is that the ONE issue where most every American could come together with a shared "enemy" it would be wealth disparity. The very richest are controlling the lives of hundreds of millions of people yet some have been systematically trained to not only forgive it - but support it. All it take is cries of Socialism, Marxism, Communism or any of the 'ism's" and people will continue to kiss the hand that beats them.

In the UK retail pricing, especially that for food, has several contributory factors.

1. The rising price of fuel.
2. The fact two successive harvests have been affected by poor weather.
3. War in Ukraine. Where many grain exports come to Europe from.
4. Restrictions and tarrif changes from the EU into the UK and the added associated costs.
5. Profiteering from many businesses eager to make up for losses either from covid when stores were closed. Or taking advantage of increases in gas; electricity and local council taxation to ensure they have a profit margin that ensures the business survives.

You asked the Government...for an honest answer? 😉

How have you been?

3.4% is the rate of inflation over LAST year's rate. BizsuitStacy found an awesome graph somewhere which actually shows the inflation rate of goods since 2020.

People on social security received an 8.5% cost of living increase, but the cost of food has gone up almost 25% in some cases.

Stop making sense.
It’s all greedy businesses right? And those business all of a sudden got greedy in the last 3 years. Weird I know. That’s the message we’re sticking to it.

As i have now entered the realm of the retired i certainly hope that inflation slows. Unless my feet and knee pain decreases i don't think ill be doing much work anymore.

Food and energy prices are included in the inflationary rate.