CNN: Prices of food & gas fall
-
wrote on 10 Aug 2022, 18:43 last edited by
-
wrote on 10 Aug 2022, 18:46 last edited by
We were only kicked in the balls 8.5 times instead of 9.1 times.
Or as CNN calls it “taking a breather.”
-
wrote on 10 Aug 2022, 18:51 last edited by
Price of fuel affects the price of groceries. Trucks burn ultra-low sulfur diesel, which had really gotten expensive.
As for this fall, I dunno. Wheat's up. Current price of beans is over $17/bushel. Might be interesting.
-
wrote on 10 Aug 2022, 19:19 last edited by
Gas is falling a bit but still too high. Not seeing food drop at all.
-
wrote on 10 Aug 2022, 20:15 last edited by
-
wrote on 10 Aug 2022, 21:35 last edited by
@George-K said in CNN: Prices of food & gas fall:
Who you gonna believe, the President or your own lying wallet?
I’ll believe the BLS.
But people really don’t have a sense of “0% inflation this month = prices aren’t up from last month”. People have anchored in their mind what prices “should” be, and they are still higher than that, ergo “we still have inflation”.
I think what most people would subjectively interpret as “inflation went down to 0” would be a return to summer 2021 price levels. But in reality that would be significant deflation.
-
wrote on 10 Aug 2022, 22:09 last edited by
Perception is reality.
-
wrote on 10 Aug 2022, 22:12 last edited by
I perceive prices have gone down in the last month. Gas prices are the most salient in the economy for me and they’ve been dropping.
Also, I understand inflation in concept and in detail.
-
wrote on 10 Aug 2022, 22:26 last edited by
Still, going the right direction.
-
Price of fuel affects the price of groceries. Trucks burn ultra-low sulfur diesel, which had really gotten expensive.
As for this fall, I dunno. Wheat's up. Current price of beans is over $17/bushel. Might be interesting.
wrote on 11 Aug 2022, 14:23 last edited by Renauda 8 Nov 2022, 19:21As for this fall, I dunno. Wheat's up.
Actually wheat is down 40% since spring.
Source: https://saskwheat.ca/wheat-market-outlook-and-prices
Corn and canola are down 20%
-
wrote on 11 Aug 2022, 14:26 last edited by
Gasoline price is now below $4.00 (US national average) as of today (Aug. 11, 2022):
-
As for this fall, I dunno. Wheat's up.
Actually wheat is down 40% since spring.
Source: https://saskwheat.ca/wheat-market-outlook-and-prices
Corn and canola are down 20%
wrote on 11 Aug 2022, 20:58 last edited by Jolly 8 Nov 2022, 23:45@Renauda said in CNN: Prices of food & gas fall:
As for this fall, I dunno. Wheat's up.
Actually wheat is down 40% since spring.
Source: https://saskwheat.ca/wheat-market-outlook-and-prices
Corn and canola are down 20%
I was looking at the Chicago Mercantile. Are the prices the same in Canada?