• PopOfAfrica@lemmy.world
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    6 months ago

    The problem is where things are getting the most expensive, that being food and housing, the markets are captured. You can’t just say no to having food and housing.

    This is where regulation is supposed to step in.

    • iopq@lemmy.world
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      6 months ago

      Food tracks the general inflation closely, it hasn’t actually gone up faster than the inflation in any meaningful way

      • sylver_dragon@lemmy.world
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        6 months ago

        Food tracks the general inflation closely

        That’s a fine bit of bit circular logic there. The price of food is used in the BLS’s basket of goods for calculating the Consumer Price Index (CPI). So yes, the goods used to track inflation do, in fact, track with inflation.

        That said, the US economy (at a macro level) is doing rather well considering that we weathered a global pandemic, we have a war on in Europe involving one of the world’s major oil and gas suppliers and inflation has been stubbornly high. Yet somehow, wages are up and unemployment is at historic lows. Seriously, if the administration could actually do something about the housing situation and prices rising, this election would look a lot more like 2008 than 2016. But unfortunately, people vote based on how they feel, not on an analysis of macro-economics. So long as people fell like the gains they have made are being squeezed back out of them via rising prices, the incumbent president is in trouble. When you get down to it, it’s still the economy, stupid.

          • HubertManne@kbin.social
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            6 months ago

            most of the increases were actually before this last year. im not sure that is the best time frame. at least for me the big effects where seen in a year or two of inflation but its tapped down now comparatively.

            • iopq@lemmy.world
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              6 months ago

              Yeah, when Russia was blocking the Black Sea and Ukrainian farmers couldn’t get the grain out. Can only blame Biden for not shipping enough weapons to Ukraine