Fast food menu prices purportedly outpace inflation since 2014, but skepticism arises due to perceived inaccuracies in CPI data manipulation. Affordability strains are evident, with a significant portion of Americans sacrificing meals, vacations, and medical treatments to meet housing costs. Homeownership increasingly becomes a luxury amid re-accelerating inflation and the likelihood of interest rate hikes.
Supposedly menu prices have outpaced inflation at every fast food restaurant since 2014…
That is only true if you actually think the CPI data is accurate … it's not.
The government has changed how they calculate CPI multiple time to artificially lower reported inflation… pic.twitter.com/g8vT5rZnW6
— Wall Street Mav (@WallStreetMav) May 6, 2024
🧮 Stats don’t lie! This calculator uses official US sources to show the cumulative rate of inflation.
🔵 Biden: 15.3%
🔴 Trump: 5.6%This regime can brag all they want about forgiving loans and sending money overseas, but it will mean nothing if a loaf of bread cost $27.50. pic.twitter.com/yOXlsHi1RT
— Wise Squirrel (@WiseSquirrel_) May 4, 2024
How bad has affordability become?
More than 1 out of 5 Americans are skipping meals to afford monthly housing costs, according to a Redfin survey.
Over the last year, ~35% of people surveyed took no or fewer vacations to cover housing expenses.
Meanwhile, 21% worked additional… pic.twitter.com/xaXBuyBzN4
— The Kobeissi Letter (@KobeissiLetter) May 5, 2024
🇺🇸 US M2 money supply +0.84% YoY.
Back in expansion. pic.twitter.com/IKFguM64AA
— Alex Joosten (@joosteninvestor) May 5, 2024
"U.S. inflation is re-accelerating and interest rate cuts are off the table "for the foreseeable future," Regan Capital's Skyler Weinand has said.
— unusual_whales (@unusual_whales) May 6, 2024