Shows how out of control inflation is

lvxferre , 6 months ago

1990? Oh I remember it. In Brazil they wouldn’t be listing the year though, but the month - hyperinflation was raging on, back then. (I remember the 100 cruzeiro coins. They were cute.)

Anyway. The number doesn’t match any pair of prices:

• from '90 to '22 (32y): 224%
• from '22 to '23 (1y): 162%
• from '90 to '23 (33y): 364%

And one detail that they didn’t mention is that +100%~200% between the 90s and the 20s is not a big deal, but +60% in a single year is a big fucking deal. That smells artificial as fuck, reinforcing what people have been saying here about not being inflation but price gouging.

madcaesar , 6 months ago

Delete this, this is wrong on so many levels. 1 it’s FOX News bullshit, 2 the numbers don’t even add up. You’re spreading misinformation.

resin85 , 6 months ago

It’s so depressing when you remember that some of the stupidest voters in the country (of which there are a LOT) watch fox news as their only source of news. Has there ever been a larger propaganda outlet throughout history? I guess China and Russia probably have government controlled TV stations that rival it in terms of audience numbers.

givesomefucks , 6 months ago

Stop saying this is inflation.

It’s the result of a handful of corporations owning the majority of food products.

And then realizing people need food regardless of cost, and if they all raise prices at the same time there’s very few other options.

It’s price gouging, plain and simple.

Quick edit:

The graphic is from Faux News…

Obviously it’s going to misrepresent this