Just spotted the #shrinkflation in Nesquik because we've ended up with two unopened packs:
Left: original 2013 box, 500g
Middle: 2023, 400g
Right: 2024, New format(!), 350g
By 2030 it's going to cost the same for one shot glass of the rabbit's magic chocolate powder.
The U.S. economy added a booming 272,000 jobs in May, with unemployment at 4%.
USA Today reports: "Wage growth generally has downshifted as COVID-related labor shortages have eased, but it’s still above the 3.5% clip that’s consistent with the Federal Reserve’s 2% inflation goal."
#Inflation soared under President #Biden in 2021 & 2022, as the #economy emerged from the #pandemic recession [that began under Trump]. Its causes were complex, including snarled #SupplyChains, stimulative policies by the #FederalReserve &, to a degree, federal fiscal policies incl’ing #Covid relief bills signed by #Trump &…Biden.
With a word to the wise:
"any time a company gives you a hard-sell to order via its apps rather than its storefronts or its website, you should assume you're getting twiddled, hard."
Erwartete Zinssenkung: "EZB spielt Inflationsgefahr herunter"
Obwohl die Inflation im Mai wieder angezogen hat und sich hartnäckig hält, wird die Europäische Zentralbank wohl heute die Leitzinsen senken. Kritiker halten den Schritt für verfrüht. Klaus-Rainer Jackisch erklärt, welche Risiken drohen.
⚡️🇫🇷FLASH - Face à l'#inflation, de plus en plus de Français vont faire leurs courses en Espagne. Certains font 700 km aller-retour en car depuis Marseille pour acheter des produits de première nécessité moins chers de l’autre côté de la frontière. (BFMTV)
From ChartR:
"...the majority of Americans believe the nation is currently in a recession (it’s not), 49% think the S&P 500 is down for the year (it’s up 11%), and the same percentage believe unemployment is at a 50-year high (again, it’s not).
...if a significant number of Americans feel the economy isn’t working for them, we have to ask: what’s going on?
The simplest explanation is that most of us are bad at gauging [economics]. ...We focus on our own...situation — and on a personal level, many people are feeling the strain b/c of the one elephant in the room...inflation. Indeed, a Gallup poll from March found that inflation continued to outrank crime, healthcare, terrorism, energy, the environment, drug use, and...other topics as America’s top concern...."
No, the main reason is GOP disinformation - to protect Wall St, get rid of regulations, and deny climate collapse.
Just wait till they see what crop failures will do to food prices.
Die Wirtschaft in der Türkei ist seit Jahresanfang auf Wachstumskurs. Vor allem die Inlandsnachfrage stützt die Konjunktur. Aber noch immer ist die ausufernde Inflation nicht unter Kontrolle.
Inflation Eases to 3.3% in May, Slightly Lower Than Expected (www.wsj.com)
Core prices that exclude volatile food and energy items climbed 3.4% from a year earlier