Deflation or Inflation? You decide.
Deflation = a decrease in the general price level of goods and services increasing the real value of money allowing one to buy more goods with the same amount of money over time. The government is telling us we have deflation.
Really? When’s the last time you saw a half gallon of ice cream? A long time because you can only get pints or odd amounts in ounces and they fool you for awhile since most people cannot calculate what 48 oz. is in terms of gallons. It’s .375 gallons AND it costs much more than a half gallon of ice cream did when you could find it. Here are some more examples of reduced sizing and increased pricing:
- I Can’t Believe it’s Not Butter used to be 16 oz. is now 15 oz.
- Cottage Cheese is the same container size but jeeze, you’re lucky to get 16 oz. on sale for under 5 bucks!
- Toilet paper rolls are smaller and more narrow. Pretty soon you’ll need rubber gloves to do your business.
- Digiorno Pizza– yes on the rare occasion, I call frozen pizza and salad dinner, but I nearly dropped dead when I got home from the store and opened the newly designed package to find a mini-surprise inside and I’m not talking about a throw in toy!
In general food prices, taxes, gas prices, health care, and college tuition prices have all gone way up. The price of corn has spiked to an all time high- the highest in 140 years! Okay so no more corn on the cob for you in the summer, right? Good luck with that. Corn in some form or another is in nearly everything you buy at the grocery store and the government still pays farmers to convert corn to ethanol even though it takes more energy to produce it. And the EPA just increased the maximum allowable ethanol content in gasoline to 15 percent from 10 percent. Makes sense to me.
How does the government get us to swallow that inflation is a measly 0.2%? By lying and fuzzy math! According to this Newsvine.com article,
“The index for all items less food and energy [my emphasis] was unchanged in October, the third month in a row with no change.”
Okay, so if you can just manage your budget without eating or driving or using electricity, you’re set. What a load of crap that is!