Do you feel the inflation?

The annoying thing is us inflation kind of mirrors the UKs.

Was 10, now dropping down to 3, meaning payrises will be down to 3% this year for most.

Do you think the drop in inflation will quickly be passed on to people purchasing goods? No me neither

Did you actually buy the Krispy Kremes? They will charge as much as people are willing to pay.

Why do you waste your money in that crappy ‘food’? Apart from being expensive is unhealthy and disgusting.

Why didn’t you buy a banana and a yoghurt or a carton of milk? Cheaper and healthier, you don’t need anything else...

Certainly the case with oil companies - hence the reord profits

I see inflation most obviously with prices in restaurants. Seems to me that many items are 50-100% higher.

I don't understand your comment. When inflation goes from 10% to 3% that means prices are still rising, just more slowly. So, passing along a "drop in inflation" would still mean raising prices 3%. I do think this "drop in inflation" will definitely be passed along quickly.

Yeah. Despite the missing price tags, I took the bait. I was too embarrassed to backout once the cute clerk rang up the sale. I should have known better.

First on your list to condemn should be Apple and Microsoft with their massive profits and massive margins.

Inflation (ie further price increases) is down but the previous price increases are largely still in place. And further inflation is still >3%/year

Don't you ever indulge? I'm just doing my part to stimulate the economy, AKA failed Bidenomics.

compare XOM and CVX to APPL and MSFT and then tell me who has the massive profits and massive margins.

This took the words right out of my mouth. Used to go out for lunch once every other week. Our local spot raised prices 50 percent and I haven't been there since.

And covid completely ruined going out to eat. Tiny portions, terrible service. Just wont do it other than occasional culver's or Chick-fil-A.

From 2018 thru 2022 APPL made over $350 Billion while MSFT made almost $250 Billion and XOM made under $100 Billion. Through 3Q, 2023 profits were $74 Billion for APPL, $55 Billion for MSFT and $28 Billion.

you are muddling the numbers. the first set are over 5 years. the last set are over 9 months. if you divide the first set by 5 you get averages of $70b (apple), $50b (Microsoft), and $20b (Exxon).

If you then compare the 9 month (3 quarter) figures it becomes obvious they have made more money in 9 months this past year than average years before that. this then suggests companies are, to be charitable, benefitting by 33% from inflation which is much higher than the actual inflation rise.

as with the GOP attacking obama for what private insurers want to charge, this is the GOP attacking biden for what the grocery store or gas station or computer company charges. biden is not sending you that bill. but the "awww shucks" populist GOP trying to pretend to be friends of the little guy aren't going to say that their corporate buddies are perhaps piling on or stockpiling cash out of economic concern. their answer will be biden.

neglected in this analysis is how trump's abysmal covid policies helped lead to the supply chain problems that started this. neglected is that supply chain was over years ago when the vaccines started shoving covid aside. are you folks not bright enough to ask why prices are still high? it's not because joe wants them high. there is no plot against you. ask the darned basic economic questions.

biden's problem is he wants to low-key, low-energy everything so he hasn't really messaged the counter-narrative of what has happened and what he's done about it. which has brought the inflation rate significantly down. nor has he gone after corporate america for milking this.

Things are actually looking pretty good.
Our family was worried about a recession since we own a small business but now that looks extremely unlikely. And there’s no shortage of jobs available in our area.

Yeah, some prices are high, but they seem to have stopped rising, and they say that’s due to the fall and the inflation rate.
I can live with that.

Personally, I notice it, but am lucky not to really feel the effects of the Drump tariffs (in addition to other stuff) that Piden extended , as my salary has jumped up a fair amount in response to inflation. The funny thing about the buy 'Murca crowd (which I'm slightly a part of) is that they don't realize the massive inflation spike that would result from a real deal embargo.

similarly, my understanding is part of this migrant surge is half a million cubans. half a million. that is extraordinary. does the GOP not care about root causes? is everything just political posturing? you don't deal with the root cause and we have

Uh huh. Definitely corporate gouging and not giving people trillions of dollars made out of thin air.

If only one corporation was smart enough to lower prices and undercut their stupid competors to make more money by increasing market share. I can't believe none of those guys have thought of this. Supply and Demand buddy. There is no grand corporate conspiracy to raise everything from food, energy, rent, healthcare, services, goods, cars, etc. In any market economy without a government enforced monopoly there is literally no historical examples of businesses being able to sustain price gouging for any meaningful period of time. When that happens people quickly move to a competitor or cheaper alternative. Higher prices reflect higher input costs for businesses.

Here is a chart of corporate profits. Increases in corporate profits over the past decade are almost entirely due to a decrease in the value of money. When adjusted for inflation corporate profits are pretty flat.

statista.com

Annual corporate profits after tax U.S. 2022 | Statista

In 2022, corporations made profits of almost three trillion U.S.

Open link

Imagine typing this.

The US has actually performed in line with the historical trend and has outperformed the UK and EU.

ft.com

Global inflation tracker: see how your country compares on rising prices

Valentina Romei

Inflationary pressures are beginning to wane

Open link

Not asking you to like the guy, but inflation is not a Biden issue, it's global and has been pretty well managed.