As much as it fun to rag on supposedly out of touch economists, this "cheapflation" phenomenon is very documented and accepted among mainstream economists. Like many others in the public sector, government economists have been calling for more suitable and timely measures of inflation for decades, only to have their requests for more funding and support denied as the public service falls apart.

Price discounts and cheapflation during the post-pandemic inflation surge - ScienceDirect - https://www.sciencedirect.com/science/article/pii/S0304393224000977

Not the most fair comparison. Cattle herd is smallest it's been in 60+ years and prices haven't gone high enough to reduce demand enough that the herd can rebound yet. You'll see higher beef prices for another 2 years before things calm down again.

It was just announced yesterday that inflation is up 3.3%.

That’s not “inflation.” That’s tariffs. And it wasn’t “inflation” under Biden. It was price gouging.

Fuck, I wish some of y’all would read a book once in a while.

The purpose of a system is what it does. Inflation isn't just temporarily malfunctioning - it's a transfer of wealth from the poor to the rich.

That’s right . . . Big smile . . . Eeeeverybody’s happy . . .

If you take the timeframe between these two photos and apply a monthly inflation rate of 2.7, you would land at 70,5$ for August 2025. Now obviously either the inflation was higher in some month in between, or the vendor just hiked the price. But the general drift is correct.