I was at walmart today..
Those boxes of 60.. they were $16 2 weeks ago.. today they were $20-21.. I had to buy one.
Trumpflation is gonna bite us all in the ass and our wallet!
Pre-Trump prices, for reference in my feed stream (if this site still alive in 4 years and I think to look back to inflation!):
- Gas at $3.08/gal (AAA national average Oct 2024), or $2.65 locally here
- 1 dozen eggs $3.37 (BLS/FRED national average, Oct 2024 Grade A Large)
- 1 pound bananas $0.62 (BLS/FRED national average, Oct 2024)
- Average new car price $48,623 (KBB, October 2024)
- Average new full size pickup truck $65,389 (KBB/Cox, October 2024)
- Latest iPhones: Base/Plus/Pro/Pro Max starting at $799/$899/$999/$1,199 (iPhone 16, Apple, November 2024)
- Median monthly rent $1,619 (asking price, Redfin/Rent.com)
- S&P 500 at 5833 (Oct 28, 1 week pre-election, up 52% in the 3.75 years during Biden's term)
All of these are basically flat or down for the last 2 years, (except the Stock Market climbing to new record highs), ever since pandemic global impacts worked their way off & fed started & signaled major rate hikes beginning.
Really impossible to predict the final net impacts between the short-term hyper-inflationary impact of skyrocketing tariffs, workforce deportations, and huge government stimulus packages (for corporations and billionaires), vs. longer term deflation/depression from global trade disruptions, blowback and retaliatory tariffs ~ if Trump actually follows up per his campaign promises.