Re:U.S. annual inflation rate drops to 8.5%
by jollyllama on Wednesday August 10, 2022 @12:32PM
(#32414701)
>Want to take that bet?
GP literally did when he bought the meat.
GP literally did when he bought the meat.
Want to take that bet? There's absolutely no reason to expect inflation borne of energy costs and trade disruption to continue. Remember (and so, so many people fail to understand this) that inflation is a year-over-year metric. The report today showing a drop in the "inflation rate" is actually showing an instantaneous decrease in absolute prices (fuels, primarily, like the ones needed to ship the meat you bought because you thought it was going to be expensive).
To wit: It is very likely that what you've done is stuffed your freezer full of meat you purchased at a price maximum.
Also, just because I have to ask: you're so concerned about prices that you're willing to make major changes to your lifestyle. But... you didn't even consider things like "eating less meat"?