US inflation heats up to 3% for first time since June | CNN Business
www.cnn.com
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
  • FirstCircle@lemmy.mlEnglish
    10·
    10 hours ago

    Watch for the prices on goods+services to go up 2x-3x that rate, with manufacturers citing “Covid” (of course, that’ll never get old, they’ll be blaming their gouging on that in 2100AD if anyone is still around) and “inflation” (again). Along with the price gouging, there’ll be plenty of shrinkfllation too, blamed on the same factors, and also on “for our customers’ convenience, we’re proud to announce the Super-sized Product”, in a smaller package, at twice the unit price. And that’s if unit prices continue to be displayed to the public at retail locations. Retailers will most likely remove unit prices altogether, for “our customer’s convenience”, because customers want less information about pricing, yep.

    My email service provider just jacked up the price I pay by 46%, for no substantial change in service, and justified (of course) by Covid and the usual twaddle. I’m dumping them, because I can. The only way to fight back is to stop spending money.

  • doctordevice@lemmy.ca
    10·
    11 hours ago

    Oh good, I’m sure this will be covered in my annual “merit increase” that’s not called a Cost of Living Adjustment because it doesn’t actually adjust for cost of living.