return2ozma@lemmy.world to News@lemmy.world · 23 hours ago'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comexternal-linkmessage-square231linkfedilinkarrow-up1922arrow-down110
arrow-up1912arrow-down1external-link'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comreturn2ozma@lemmy.world to News@lemmy.world · 23 hours agomessage-square231linkfedilink
minus-squaresocsa@piefed.sociallinkfedilinkEnglisharrow-up62·23 hours agoCan confirm - I track grocery prices every week and the cumulative “Biden inflation” was about 17% over 4 years, or about 4% per year average. Last week was already a 15% yoy increase, and some stuff is legitimately 100% yoy already.
minus-squaregrue@lemmy.worldlinkfedilinkarrow-up7·20 hours ago and some stuff is legitimately 100% yoy already. It’s 100% day over day – or rather, 145% or even 170% day over day – because that’s what happens when you apply a 145 or 170% tariff to it!
Can confirm - I track grocery prices every week and the cumulative “Biden inflation” was about 17% over 4 years, or about 4% per year average. Last week was already a 15% yoy increase, and some stuff is legitimately 100% yoy already.
It’s 100% day over day – or rather, 145% or even 170% day over day – because that’s what happens when you apply a 145 or 170% tariff to it!