Inflation is now a manageable 3.0% according to the talking heads. Second thing, it is cold on the porch. So much so I have had to move the pondering to the back porch of my mind. Really does not mater, I can still clear my mind from here. For your consideration I share an article Daren Bakst, published in June of 2022 in the Washington Examiner. The three per cent figure I quoted is from a more recent article I read elsewhere. I don’t believe the three percent figure is correct. Here is a Quote from Daren’s piece.
“Food prices in May 2022 were a whopping 10.1% higher than prices in May 2021. The size of these food price increases have not been seen in over 40 years and are occurring across food categories , from fresh fruits (8.5%) to fish and seafood (12.2%). Over the past nine months, each month’s year-over-year food price increase has been above 4%, with each successive month higher than the previous — starting at 4.6% in September and reaching 10.1% in May.”
I am pondering what part of our society is most adversely affected my this figure and the others I am about to share with you. The war on energy is taking its toll on food prices. Now add the cost of fuel … gasoline and things only get worse. But we are not through yet. Data tells us that gasoline prices have gone up 109% since Joe and company took over. Mortgage payments and rent are up at least 50%. I am not claiming to be all knowing in this subject but I know a price increase when I pay it. Take for instance…A box of saltine crackers… a $1.09 price , not a name brand, that same box is now $1.99. Who do these increases affect the most? The lower income Americans, those who can least afford the increase in costs of items that are an ordinary every day expenses. I did not document these last figures but I will throw them in anyway.
Increase in cost per cent wise as of this date:
Food- up 20%
Gas up 25%
Mortgage Payments & Rent up 50%
It may well be that over-all the 3% holds up but from a closer look at those areas that affect the lower income Americans that 3% figure is insane. The truth is that us ordinary folks are being hit hard where it hurts the most. THE ORDINARY THINGS THAT MEET EVERY DAY NEEDS OF ORDINARY PEOPLE.
jk



