Food prices up 33%, not coming down, “new normal”

[hawkeyetraveler]

Bookmarking this thread to see who complains about grocery prices under the next dem president.

Inflation only matters when your party is not in control I guess.

 

[AlexanderUrinis]

Bookmarking this thread to see who complains about grocery prices under the next dem president.

Inflation only matters when your party is not in control I guess.

My favorite part: the same people that called Biden a corpse are copying his insane "the economy is fantastic, what is everyone b'tching about?" approach. Telling people there is no pain is a surefire way to lose a popularity contest.

 

[hawkeyetraveler]

My favorite part: the same people that called Biden a corpse are copying his insane "the economy is fantastic, what is everyone b'tching about?" approach. Telling people there is no pain is a surefire way to lose a popularity contest.

Yep. I personally had my head in the sand a bit in 2024. The exit polls were incredibly telling. Voters were overwhelmingly upset about the state of prices and their personal economic future. Kamala did not (or maybe could not) distance herself from economic reality.

Trump and the GOP appear to be trying the same thing. The only way it works is if the Dems put forward candidates who are too far to the left to attract moderate voters.

 

[AlexanderUrinis]

Yep. I personally had my head in the sand a bit in 2024. The exit polls were incredibly telling. Voters were overwhelmingly upset about the state of prices and their personal economic future. Kamala did not (or maybe could not) distance herself from economic reality.

Trump and the GOP appear to be trying the same thing. The only way it works is if the Dems put forward candidates who are too far to the left to attract moderate voters.

Amen.

Had a beer last week with a twenty something, told me (unsolicited, we weren't talking politics) that his bros are "never voting R again". Apparently they actually believed grandpa on prices/inflation.

 

[TC_Nole_OX]

 

[baltimorened]

Yeah totes, man. Whatever you need to tell yourself

to be honest, I'm much more comfortable with what I tell myself than what you tell me about myself.

I would hope you'd feel that way about yourself too. A difference, is that I'd never tell you what you should need to tell yourself about yourself.

But if it makes you happy, or helps to fulfill some necessity in your personality, then I'm happy to help

 

[Knickslions69]

Market bloodbath today. Thanks Don

 

[Dungeon09]

Man the price of everything Israeli high

 

[baltimorened]

Again, Ned, the fund runs out in 6 years. Our representatives are doing what to address the situation? Rs own everything, correct? So if we do nothing and the prevailing R narrative is "no one wants socialism", how do you figure this plays out?

well, first of all there is a third party that wants socialism...seemingly yourself included.

Next, Congress has known about the social security problem for decades..remember Al Gore and his metaphor about the "lock box" to protect social security in the 2000 election. Since then we've had both republicans and Democrats have "owned everything" and yet here we are.

How I think this plays out...since Congress has no moral courage, they'll come up with some short term bandaid. We'll either increase the SS contribution %, change the cutoff from the current $187k - maybe do the donut hole thing between $187 and 400k because $400k has been the Democrat cutoff for "wealthy" - and make ss contributions continuous to infinity from the $400k, revise the retirement age, and maybe make some form of means test for receipt of the SS benefit. Or more likely, some combination of all the above.

Republicans will push for some form of "opt out" to let people save for their own retirement - that won't pass: democrats will be the ones pushing for means test - that won't pass either: so they'll agree on some different formula for taxing the SS benefit.

SS has always been the third rail of politics. By 2032, the last of the boomers will be 68, so it will be the GenX folks most affected by Congressional decision. this is the group born between 1965 and 1980. There's about 65 million of them, enough to where politicians can't ignore them as a voting block. Congress won't let social security fail...the worst that would happen IMO is that some reduction in benefits will occur in 2032 and there would be such an outcry, that our leaders would rapidly reverse course and find a way to fund the program.

So, that's a scenario. If 75% happens that way, I wouldn't be at all surprised. If 0% happens I wouldn't be surprised either. Remember there are a lot of people in your generation and younger who feel exactly the way you do...I've paid in to support those greedy boomers (who I expect will leave me a big inheritance),and I expect that the SS program will support me equally when I get to that point in my life.

 

[pjhawk]

Correct,.. The only way to recover from an inflationary episode like this is an extended period of wage growth slightly exceeding a stable low inflation rate,... Even if we're lucky, it will still take years to regain the nominal 25% loss of purchasing power that Biden delivered.

Wage growth in the main kept up with inflation during the Biden years, and continuing Biden/Harris policies into 25-26 almost certainly would have resulted in net gains for most people.

Again, we had an economy that was the envy of the world on election day, 2024, and Trump has trashed it. It's just almost unbelievable with the tariff policies Trump was explicitly running on that anyone could possibly think he was the "anti-inflation" candidate. Just absurd.

 

[baltimorened]

My favorite part: the same people that called Biden a corpse are copying his insane "the economy is fantastic, what is everyone b'tching about?" approach. Telling people there is no pain is a surefire way to lose a popularity contest.

I agree with that 100%. It's pretty dumb to tell people who are feeling the financial "squeeze" that there are no financial problems.

 

[McLovin32]

to be honest, I'm much more comfortable with what I tell myself than what you tell me about myself.

I would hope you'd feel that way about yourself too. A difference, is that I'd never tell you what you should need to tell yourself about yourself.

But if it makes you happy, or helps to fulfill some necessity in your personality, then I'm happy to help

Yeah totes, man. Whatever you need to tell yourself

 

[pjhawk]

And the idea that Trump was going to actually lower prices to 2019 levels, we just have so many really really stupid people in this country.

 

[AlexanderUrinis]

well, first of all there is a third party that wants socialism...seemingly yourself included.

Next, Congress has known about the social security problem for decades..remember Al Gore and his metaphor about the "lock box" to protect social security in the 2000 election. Since then we've had both republicans and Democrats have "owned everything" and yet here we are.

How I think this plays out...since Congress has no moral courage, they'll come up with some short term bandaid. We'll either increase the SS contribution %, change the cutoff from the current $187k - maybe do the donut hole thing between $187 and 400k because $400k has been the Democrat cutoff for "wealthy" - and make ss contributions continuous to infinity from the $400k, revise the retirement age, and maybe make some form of means test for receipt of the SS benefit. Or more likely, some combination of all the above.

Republicans will push for some form of "opt out" to let people save for their own retirement - that won't pass: democrats will be the ones pushing for means test - that won't pass either: so they'll agree on some different formula for taxing the SS benefit.

SS has always been the third rail of politics. By 2032, the last of the boomers will be 68, so it will be the GenX folks most affected by Congressional decision. this is the group born between 1965 and 1980. There's about 65 million of them, enough to where politicians can't ignore them as a voting block. Congress won't let social security fail...the worst that would happen IMO is that some reduction in benefits will occur in 2032 and there would be such an outcry, that our leaders would rapidly reverse course and find a way to fund the program.

So, that's a scenario. If 75% happens that way, I wouldn't be at all surprised. If 0% happens I wouldn't be surprised either. Remember there are a lot of people in your generation and younger who feel exactly the way you do...I've paid in to support those greedy boomers (who I expect will leave me a big inheritance),and I expect that the SS program will support me equally when I get to that point in my life.

First, I cannot believe we agree on something. High five?

Second, I can absolutely believe our fedgov will throw its hands up and tell us we are out of money and there is no SS "safety net" moving forward. Kids will have their trump accounts, the generations in-between are on their own. I have modeled my retirement without SS, I DGAF about inheritance.

I am not a guy that worries about random things. The sky isn't falling, I live in reality. Our debt has increased from $19T to $40T since 2016. We have some HARD decisions to make, like right freaking now. But instead we are throwing $200B to ICE/BP in 18 months and this lovely war to pay for.

I thought Rs were fiscally conservative. What a joke.

 

[Flie_rivals154594]

Its a good day to remember inflation hit 9% under the Biden admin.

...and then steadily fell to 2.4%. You guys always leave that part out.

It has gone up since Trump was re-elected. Wasn't he supposed to "fix the inflation" or whatever nonsense MAGAs were spouting before the election?

 

[baltimorened]

First, I cannot believe we agree on something. High five?

Second, I can absolutely believe our fedgov will throw its hands up and tell us we are out of money and there is no SS "safety net" moving forward. Kids will have their trump accounts, the generations in-between are on their own. I have modeled my retirement without SS, I DGAF about inheritance.

I am not a guy that worries about random things. The sky isn't falling, I live in reality. Our debt has increased from $19T to $40T since 2016. We have some HARD decisions to make, like right freaking now. But instead we are throwing $200B to ICE/BP in 18 months and this lovely war to pay for.

I thought Rs were fiscally conservative. What a joke.

If we're honest, neither party has managed the countries finances well over the last 25 years. Bill Clinton, believe it or not, was the last steward of the county's wealth. As an Aside in 1985 there was a major debate about the national debt it was out of control at $1.85 BILLION, Congress passed the graham-rudman-hollings act...seems so long and so many $trillions ago.

Most, maybe with a few exceptions, would take the position that we need to do something about the deficits and the debt. Unfortunately we spend too much time debating which party is the worst, when in fact they both are guilty. We need to do something, unless the plan is just to inflate our way out of this.

Again, unfortunately, we'll debate the same tired positions - "Ds" cut defense, raise taxes on the wealthy: "Rs" cut the social programs, cut taxes. How have those intransigent positions worked out for us since 2000?

 

[THE_DEVIL]

Don’t even get me started on what a full Costco run costs now.

You ain't a kiddin' brother.

 

[firegiver]

the cost of living has skyrocketed. I got a 20% raise when i was promoted. Just feels like im making the same as I was before.

I’ve got 4 teenagers. I definitely notice the grocery prices

ooooofff...
I have 3 kids .... My 4 year old eats more than my 12 year old. Its crazy.

 

[dpic73]

Market bloodbath today. Thanks Don

Pisses me off when they talk about all-time highs when they only last a few days before they reverse course. I'm down 14% since June 2nd but at least my account was high for a few days. The returns under Trump stink compared to Biden's term.

 

[baltimorened]

Pisses me off when they talk about all-time highs when they only last a few days before they reverse course. I'm down 14% since June 2nd but at least my account was high for a few days. The returns under Trump stink compared to Biden's term.

Pisses me off when they talk about all-time highs when they only last a few days before they reverse course. I'm down 14% since June 2nd but at least my account was high for a few days. The returns under Trump stink compared to Biden's term.

well to be sure, trump's on again off again war, high fuel prices and tariffs are not helping, I'm still up about 4% through the first 7 months of the year. I was up about 5.5% before this Iran debacle. I'm in a conservative 50-50 portfolio, so my returns likely are not as high as you younger guys with more aggressive portfolios.

Trump's current policies are hurting the economy, market returns and the entire world economy.

 

[fatpiggy]

...and then steadily fell to 2.4%. You guys always leave that part out.

It has gone up since Trump was re-elected. Wasn't he supposed to "fix the inflation" or whatever nonsense MAGAs were spouting before the election?

9%

 

[lucas80]

Groceries cost whatever they cost,.. We purchase what we like.

Sure.
The GOP is getting hammered on this issue, and rightfully so. The inflationary pressure is coming from the WH, and the members of Congress too petrified of a primary fight to stand up to Dementia Donald.

 

[Flie_rivals154594]

If we're honest, neither party has managed the countries finances well over the last 25 years. Bill Clinton, believe it or not, was the last steward of the county's wealth. As an Aside in 1985 there was a major debate about the national debt it was out of control at $1.85 BILLION, Congress passed the graham-rudman-hollings act...seems so long and so many $trillions ago.

Most, maybe with a few exceptions, would take the position that we need to do something about the deficits and the debt. Unfortunately we spend too much time debating which party is the worst, when in fact they both are guilty. We need to do something, unless the plan is just to inflate our way out of this.

Again, unfortunately, we'll debate the same tired positions - "Ds" cut defense, raise taxes on the wealthy: "Rs" cut the social programs, cut taxes. How have those intransigent positions worked out for us since 2000?

"According to many economic metrics (including job creation, GDP growth, stock market returns, personal income growth, and corporate profits), since World War II the United States economy has performed significantly better during the administration of Democratic presidents, compared with Republican presidents. Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate.

The U.S. unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[3][4] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents

Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The federal government ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.

Blinder and Watson estimated that the economy was in recession for 49 quarters from 1949–2013; 8 of these quarters were under Democrats, with 41 under Republicans.[3] The 2020 recession brings that to 50 quarters total in recession, 42 under Republicans (84%) and 8 under Democrats (16%)."

Both sides

 

[fatpiggy]

Democrats let inflation run to 9% under their admin!!!

9%%%

 

[yoshi121374]

Democrats let inflation run to 9% under their admin!!!

9%%%

Look at this clown spinning out....

 

[hawkeyetraveler]

Democrats let inflation run to 9% under their admin!!!

9%%%

And you very well know that Trump heavily contributed to it. Don’t get me wrong, Biden never should have issued more stimulus either. He deserves scorn for that and so does Trump. I blame them both.

But, comparing that time to this is apples and oranges. That was a period of global inflation driven by a pandemic/pandemic stimulus with some key factors outside either man’s control. This time is VERY different.

• First on the promises: Trump promised deflation: lower PRICES. And a lot of people believed him. It was snake oil. At best he should have said lower inflation rate although even that would be silly since he was handed a relatively normal inflation rate
• Second, the world was relatively stable and prosperous when Trump took office. He was handed a good economy, falling inflation rates, no immediate threats to the US, etc.
• Third he deliberately introduced inflation causing chaos. Instead of actually focusing on the things that matter to voters (inflation, prices, economic reality), his every action exacerbated inflation - from tariffs to the Iran war to scaring immigrant workers underground.

It’s not that he tried and failed to achieve his promise. It’s that he literally did the opposite of what he promised on prices.

He’s a lying piece of sh*t. History will not be kind to Trump or the MAGA movement.

 

[fatpiggy]

And you very well know that Trump heavily contributed to it. Don’t get me wrong, Biden never should have issued more stimulus either. He deserves scorn for that and so does Trump. I blame them both.

But, comparing that time to this is apples and oranges. That was a period of global inflation driven by a pandemic/pandemic stimulus with some key factors outside either man’s control. This time is VERY different.

• First on the promises: Trump promised deflation: lower PRICES. And a lot of people believed him. It was snake oil. At best he should have said lower inflation rate although even that would be silly since he was handed a relatively normal inflation rate
• Second, the world was relatively stable and prosperous when Trump took office. He was handed a good economy, falling inflation rates, no immediate threats to the US, etc.
• Third he deliberately introduced inflation causing chaos. Instead of actually focusing on the things that matter to voters (inflation, prices, economic reality), his every action exacerbated inflation - from tariffs to the Iran war to scaring immigrant workers underground.

It’s not that he tried and failed to achieve his promise. It’s that he literally did the opposite of what he promised on prices.

He’s a lying piece of sh*t. History will not be kind to Trump or the MAGA movement.

I don't buy it.

I think democrats lost the last election because they failed on inflation. The #1 biggest issue last election was the consumers wallet and they voted loud and clear that democrats failed.

So many people forget that inflation was much higher for much longer than necessary due to democrat polciies. They tried to pass a massively inflationary, BBB when inflation was already 6%. They kept pushing their inflationary green energy policies even when inflation was the highest in 50 years.

Only when it was time for the election did Dems try to get inflation lower. How did they do it? They made a massive release of the SPR to try and bring oil and gas prices down right before the election. They tried to manipulate inflation. Most of us saw right through it.

Trump at least pretends to care about inflation. Before the Iran war inflation was down near 1.5% by some measures. DOGE was highly disinflationary. I will admit, he miscalculated on Iran and now the price of oil being about $75 will almost certainly keep inflation higher than it's intended target.

Will voters punish Trump? Well he can't run for re-election. I do think he would have the hardest time with "No new forever wars" and now we have a new forever war. It was his "no new taxes' moment. Iran has turned out to be a miscalculation and i do think he would do things differently if he could go back in time, although we both know he would never admit that.

 

[o_wausauhawk]

Democrats let inflation run to 9% under their admin!!!

9%%%

420-69%%%%

 

[Rifler]

Market bloodbath today. Thanks Don

 

[fskillet]

Look at this clown spinning out....

we love a good early morning crash out, don't we folks

 

[Rifler]

Wage growth in the main kept up with inflation during the Biden years, and continuing Biden/Harris policies into 25-26 almost certainly would have resulted in net gains for most people.

Again, we had an economy that was the envy of the world on election day, 2024, and Trump has trashed it. It's just almost unbelievable with the tariff policies Trump was explicitly running on that anyone could possibly think he was the "anti-inflation" candidate. Just absurd.

The 25% loss in purchasing power delivered by Biden's inflationary spike was already baked into the economy on election day 2024,.. Trump's tariff policies didn't help.

 

[AlexanderUrinis]

And you very well know that Trump heavily contributed to it. Don’t get me wrong, Biden never should have issued more stimulus either. He deserves scorn for that and so does Trump. I blame them both.

But, comparing that time to this is apples and oranges. That was a period of global inflation driven by a pandemic/pandemic stimulus with some key factors outside either man’s control. This time is VERY different.

• First on the promises: Trump promised deflation: lower PRICES. And a lot of people believed him. It was snake oil. At best he should have said lower inflation rate although even that would be silly since he was handed a relatively normal inflation rate
• Second, the world was relatively stable and prosperous when Trump took office. He was handed a good economy, falling inflation rates, no immediate threats to the US, etc.
• Third he deliberately introduced inflation causing chaos. Instead of actually focusing on the things that matter to voters (inflation, prices, economic reality), his every action exacerbated inflation - from tariffs to the Iran war to scaring immigrant workers underground.

It’s not that he tried and failed to achieve his promise. It’s that he literally did the opposite of what he promised on prices.

He’s a lying piece of sh*t. History will not be kind to Trump or the MAGA movement.

Almost like he wants to blow up the economy for personal gain. Everything he has done has been counter to lowering prices across the board. It makes no sense except 1. He knows his cult won't care and 2. He wants this pain so he can trade the other side.

 

[Flie_rivals154594]

Democrats let inflation run to 9% under their admin!!!

9%%%

What did it fall to under the democrat president? Come on... you can do it. Is inflation higher or lower now than it was at the end of Biden's term? Are prices higher or lower now than the end of Biden's term?

Yes we know... "but in 2022....". You leave off the recovery. Just like your daddy.

 

[fatpiggy]

What did it fall to under the democrat president? Come on... you can do it. Is inflation higher or lower now than it was at the end of Biden's term? Are prices higher or lower now than the end of Biden's term?

Yes we know... "but in 2022....". You leave off the recovery. Just like your daddy.

It was a hot mess and you know it.

 

[Flie_rivals154594]

The 25% loss in purchasing power delivered by Biden's inflationary spike was already baked into the economy on election day 2024,.. Trump's tariff policies didn't help.

Trump played a major role in that inflationary spike. The seeds were already planted in 2020. Had Trump stolen the 2020 election you guys would be spinning the 9% inflation Trump would have "delivered" as being 100% Fauci's fault.

 

[Flie_rivals154594]

It was a hot mess and you know it.

Sure was. Thank goodness we recovered from it a year later. Repeating the "break the economy, recover the economy" pattern that's been happening since WWII. 2020 was an absolute disaster.

 

[Rifler]

What did it fall to under the democrat president?

Doesn't really matter what it fell to,.. With inflation it's a combination of rate and duration, and under Biden inflation exploded and remained high enough, long enough, to destroy roughly 25% of the US consumer's purchasing power,... Joe broke it.

 

[Rifler]

Trump played a major role in that inflationary spike. The seeds were already planted in 2020. Had Trump stolen the 2020 election you guys would be spinning the 9% inflation Trump would have "delivered" as being 100% Fauci's fault.

The inflationary hot coals from covid were there, but Biden chose to throw gasoline on it with his excessive spending,... Bad move on his part...

 

[Flie_rivals154594]

Doesn't really matter what it fell to,.. With inflation it's a combination of rate and duration, and under Biden inflation exploded and remained high enough, long enough, to destroy roughly 25% of the US consumer's purchasing power,... Joe broke it.

You have it partially correct. The cause is what you keep missing on. Confirmation bias is powerful, I know.

To me, the recovery matters because when somebody in power is handed a hot mess, what I want to see from them is steady recovery and that's what we saw. Well, up until 2025 that is.

 

[Titanhawk]

New York Post:

While inflation has cooled from its peak, grocery prices have not returned to where consumers remember them. Food prices have effectively reset to a permanently higher level after years of supply chain disruptions, labor shortages, transportation costs, and broad inflationary pressures.

https://nypost.com/2026/07/28/us-ne...with-highest-grocery-price-spike-in-50-years/

who is effing idiot that thinks inflation cooling down means prices go down?