“If We Were Using the same CPI We Used in 1982, [Inflation] Would Be Closer to 15%… The Worst Year … in US History” – Ec

[crone]

Why is no one looking at the consolidation of the companies who sell to grocery stores?

Somewhere I read a long time ago that 8 companies control 60% of what is sold in the grocery store.

I know 4 corporations control most of the meat sold in grocery stores. They are raising prices and blaming it on the price of fuel, covid scarcities etc.

P&G made 20? % profit and is buying their stock.

Who knows the cause of the current price increase? How it's counted don't make a lot of difference when corporate consolation permits price fixing. All the incessant bitching about media consolidation. Same things are happening with meat, paper products and all the rest we buy each week. and some of those corps are foreign owned.

[scorpio516]

Originally Posted by eddie gein

Sense you seem to be reasonable I'm curious if you think that this would have been avoided with a second Trump term.

Of course not. A lot of the inflation is global due to a global pandemic. No policy anyone in the US could have enacted in February 2020 would have prevented Chinese factories from shutting down.

Originally Posted by crone

Why is no one looking at the consolidation of the companies who sell to grocery stores?

Somewhere I read a long time ago that 8 companies control 60% of what is sold in the grocery store.

As much as groceries are commodified, also look at the stores themselves. You aren't out looking for lettuce only from brand X because it's the best, you're buying lettuce...
But who can you buy it from? walmart, Kroger, Ahold, or Albertsons. Between those 4 companies, they have 11,298 grocery stores! Add Publix and it's over 12,000 grocery stores

[EDS_]

Originally Posted by Grlzrl

More dishonesty from the government.


“If We Were Using the same CPI We Used in 1982, [Inflation] Would Be Closer to 15%… The Worst Year … in US History” – Economist Peter Schiff

https://www.thegatewaypundit.com/202...-peter-schiff/

...When they compare our inflation rates to the inflation of the 1970s, we’re not using the same CPI that we used then.

If we were using the same CPI we used in 1982, the rate would be closer to 15%, which means it’s the worst year in inflation in US history....

1. Peter Schiff isn't an economist. However, he is the guy who predicted 32 of the last 3 recessions.

2. There are many legitimate inflation measures other than CPI-W and CPI-U not one indicates anything like 15%.

https://www.dallasfed.org/research/pce

No link for C2ER/COLI indicates GPI around 6.8%.