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by rattlesnakedave
1688 days ago
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>If we’re having inflation due to a tiny number of goods having large price spikes I take issue with this. Hotel rooms and airfare can often be forgone for the average American. New (or used) cars to a lesser extent. However we are seeing increases in prices of ag commodities increasing dramatically. On a year-on-year basis, prices were up 32.8% in September[1]. Oil prices are at a three year high[2]. Not to mention soaring housing costs. It may indeed be to early to predict disaster, but things are not as good as your comment seems to suggest. [1] https://www.reuters.com/business/world-food-prices-hit-10-ye... [2] https://www.reuters.com/business/energy/oil-prices-rise-tigh... |
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