Inflation and price of goods - will prices go back down?

[Anonymous]

Anonymous wrote:It’s not even just goods, but services as well. I recently filed my taxes with Turbo Tax and was shocked that it was $178 for basic federal and state filing (Virginia). I went back and looked at years prior, it was $128 last year and $110 the year before that. Also my DD is starting soon at the preschool that my older DS attends and I noticed the application fee went from $100 to $125 in 2 years. The monthly tuition also went up slightly and they cut their operating hours down by a whole hour per day. Our lawn guy just quoted us nearly $600 for a spring cleanup of a very basic small yard that was $350 as of 2021.

I realize it’s just $25 here, a couple hundred bucks there, but you add it all up and I feel like we’re getting squeezed even with a decent HHI. Then add in things like $10 deodorant. I was going to buy a 4 pack of premade fruit and veggie smoothies my kids like, but noticed they were over $10 when they used to be about $7. I have no idea how people making less than us are managing.

Agreed, my kids piano classes, tennis classes, bi-weekly cleaner service everything went up. So thankful that our HHI went up last year due to a job change, otherwise we would really have to cut down our savings (or lower lifestyle). Our average raise this year would be less than 4%, so effectively we will be making less money compared to last year.

[Anonymous]

I just paid $16 for a tiny tube of vaginal cream at CVS. It was almost $17. Was $8 in 2020. It's doubled.

[Anonymous]

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

You obviously known no math. It was trillions printed by the Trump administration AND combined with tax cuts. That is orders of magnitude more consequential than hiring agents to collect taxes from the wealthy.

[Anonymous]

Here is just one source. Wharton school has similar study.


IRA does not help with Inflation Reduction! And don’t try to sell a possible .1 percent reduction in a decade as anything as such when inflation is 6-8 percent NOW and every year the prices will go up 6-8 percent..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

You obviously known no math. It was trillions printed by the Trump administration AND combined with tax cuts. That is orders of magnitude more consequential than hiring agents to collect taxes from the wealthy.

Oh, hi there. Let’s actually talk about what Biden is doing as president? This was his bill, his money. Trump is not the president anymore. Inflation is a world wide problem, no need to make it worse with current legislation. So focus on how it’s going to be fixed rather than going back 2-5 years.

[Anonymous]

Source
https://treasury.ms.gov/2022/08/19/mcrae-the-inflation-reduction-act-will-not-reduce-inflation/


Here it is

[Anonymous]

Anonymous wrote:I just paid $16 for a tiny tube of vaginal cream at CVS. It was almost $17. Was $8 in 2020. It's doubled.

CVS is super over priced to begin with you can't say that was all inflation!

[Anonymous]

yeah, inflation sucks and it's painful. but i would never buy diaper cream or other medicines anywhere but Walmart.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

You obviously known no math. It was trillions printed by the Trump administration AND combined with tax cuts. That is orders of magnitude more consequential than hiring agents to collect taxes from the wealthy.

Oh, hi there. Let’s actually talk about what Biden is doing as president? This was his bill, his money. Trump is not the president anymore. Inflation is a world wide problem, no need to make it worse with current legislation. So focus on how it’s going to be fixed rather than going back 2-5 years.

Sorry I can’t fix stupid. What happened 2-5 years ago has consequences you are living today. That is life.

[Anonymous]

It’s really really terrible and we are absolutely noticing it too.

I did want to let people know that 2 doz eggs at Costco is still $6 though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

You obviously known no math. It was trillions printed by the Trump administration AND combined with tax cuts. That is orders of magnitude more consequential than hiring agents to collect taxes from the wealthy.

Oh, hi there. Let’s actually talk about what Biden is doing as president? This was his bill, his money. Trump is not the president anymore. Inflation is a world wide problem, no need to make it worse with current legislation. So focus on how it’s going to be fixed rather than going back 2-5 years.

Sorry I can’t fix stupid. What happened 2-5 years ago has consequences you are living today. That is life.

You in 5 years:

But Trump was president in 2019 and it was all his fault….



All spending was passed with bipartisan support and we are In a once in a lifetime pandemic.
Same spending would ah e happened for
Covid regardless who was president.

I’m sure your dumb ass will still be blaming Trump in 20 years.

But guess what, I’m blaming Carter for his crap economic policies of the 70’s, and it’s all his fault we have inflation now. Yeah, no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most every item has increased in price by double the amount I paid pre-pandemic. These are inexpensive items that I could pick up at Target. My income has not doubled. How does this math add up? Will prices on goods every go back down?

They will never go down! They may stop increasing or slow down the increases.

Maybe it was not a good idea to print 700 billion dollars into the economy to hire 80k IRS agents that I’m sure will take years to hire and train to do their jobs. And also a climate bill at that.

That “printed” money did not help reduce inflation one bit, and poured gas on the inflation fire and make it much worse than it already was! The “Infaltikn Reduction Act” was pure BS. Enjoy your high prices. Good job Dems.

You obviously known no math. It was trillions printed by the Trump administration AND combined with tax cuts. That is orders of magnitude more consequential than hiring agents to collect taxes from the wealthy.

Oh, hi there. Let’s actually talk about what Biden is doing as president? This was his bill, his money. Trump is not the president anymore. Inflation is a world wide problem, no need to make it worse with current legislation. So focus on how it’s going to be fixed rather than going back 2-5 years.

Sorry I can’t fix stupid. What happened 2-5 years ago has consequences you are living today. That is life.

You in 5 years:

But Trump was president in 2019 and it was all his fault….



All spending was passed with bipartisan support and we are In a once in a lifetime pandemic.
Same spending would ah e happened for
Covid regardless who was president.

I’m sure your dumb ass will still be blaming Trump in 20 years.

But guess what, I’m blaming Carter for his crap economic policies of the 70’s, and it’s all his fault we have inflation now. Yeah, no.

DP: It was the 2017 Tax and Jobs Act that is the main unforced error--stimulating the economy when it wasn't needed instead of using that time to rein in a decade of quantitative easing in response to the 2008 recession. I don't fault the pandemic spending though it is an exacerbating factor, but we wouldn't be in this situation if Trump hadn't done a massive tax cut right when the economy was heating up and then put pressure on the feds not to raise interest rates.

[Anonymous]

I’m so glad that we have all these problems now so that nobody had to go to work for 12 months. Un-effing-believable how badly the USG messed this up. Are we supposed to have expert economists and policy wonks who understand the ramifications? Clearly not.

[Anonymous]

Anonymous wrote:I’m so glad that we have all these problems now so that nobody had to go to work for 12 months. Un-effing-believable how badly the USG messed this up. Are we supposed to have expert economists and policy wonks who understand the ramifications? Clearly not.

They knew the ramifications and did it anyway.