this post was submitted on 15 Jul 2025

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132

The tariff-driven inflation that economists feared begins to emerge (apnews.com)

submitted 5 months ago by funnyBunny@ani.social to c/world@quokk.au

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[–] RamblingPanda@lemmynsfw.com 26 points 5 months ago (1 children)

If only they had warned us 😭

[–] OutForARip@lemmy.ca 11 points 5 months ago

No one could have seen it coming.

[–] UnderpantsWeevil@lemmy.world 19 points 5 months ago (1 children)

The USD is slouching relative to the EU, among other currencies.

[–] RamblingPanda@lemmynsfw.com 17 points 5 months ago (1 children)

I totally forgot who was president between 2021 and 2025. That was when the dollar was relatively high. The president before and after dipped it. If only I could remember the names or affiliation, then I could learn from history.

[–] UnderpantsWeevil@lemmy.world 7 points 5 months ago

The dollar's post-COVID strength was largely thanks to the Keynsian economy-wide business bailout the Americans rushed out in the immediate aftermath, while Europe tried to double-dip into austerity and the Pacific Rim went into full lock down.

We kept our economy moving at the expense of 103M confirmed cases and 1.2M fatalities. There's a lot we could learn from the COVID era. But the suffocating miasma of corporate media means Americans rejected all of it.

[–] DarkFuture@lemmy.world 16 points 5 months ago

Who knew hiring a felon rapist with a debris field of failed business ventures in his wake and a party with a history of being bad for our economy could have resulted in this?

[–] Semi_Hemi_Demigod@lemmy.world 11 points 5 months ago (1 children)

I ordered a turbo a couple months back for around $1,000.

Currently the same turbo costs $1,400.

Better get my downpipe soon…

[–] moncharleskey@lemmy.zip 2 points 5 months ago (1 children)

Gimme the dets on that thing!

[–] Semi_Hemi_Demigod@lemmy.world 3 points 5 months ago (1 children)

It’s just a mk6 GTI who’s acting up. I posted about it in a GTI community so if you check my post history you can read my tale

[–] moncharleskey@lemmy.zip 2 points 5 months ago (1 children)

Ahhh, did you ever get your boost pressure back up?

[–] Semi_Hemi_Demigod@lemmy.world 1 points 5 months ago

Not yet but once I get the money for a new downpipe I think that’ll fix it because my catalytic converter is probably broken since I had a bad misfire and some fuel got into it.

[+] sunzu2@thebrainbin.org 5 points 5 months ago* (last edited 2 months ago) (3 children)

[deleted]

[–] Viking_Hippie@lemmy.dbzer0.com 7 points 5 months ago (1 children)

You're really going to answer "people can't afford to live because everything (including bare essentials) is too expensive" with "just don't waste so much money“ in an economy specifically designed to make sure that you spend as much as possible whether you choose to or not? 🤦

[+] sunzu2@thebrainbin.org 1 points 5 months ago* (last edited 2 months ago) (1 children)

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[–] Viking_Hippie@lemmy.dbzer0.com 6 points 5 months ago (1 children)

Nope, but I'm not going to assume that most people AREN'T or that it's the anywhere near the main impediment to people in general making ends meet.

Especially not when the bare essentials have skyrocketed in price while wages stayed the same and public assistance got even more difficult to be approved for than the Kafkaesque nightmare it's already been for decades.

[+] sunzu2@thebrainbin.org 2 points 5 months ago* (last edited 2 months ago) (1 children)

[deleted]

[–] Viking_Hippie@lemmy.dbzer0.com 7 points 5 months ago (1 children)

Denying parasite profit requires forgiving discretionary spending

Not when the parasite corporations profiteer off of everything including the bare essentials to the point that survival without crushing lifelong debt is increasingly becoming something that only the privileged few have within reach.

Current data indicates this aint happening.

Would that be the official government inflation data? The same data that's skewed to the point of uselessness by deliberately omitting food and housing costs?

Also fedi is mostly middle aged PMCs who make decent money.

Yet another baseless generalization to justify your economic victim blaming 🙄

But sure bro fight this wind mill

Pointing out how tone deaf and counterproductive it is to basically make the "avocado toast and Starbucks" argument when people are literally starving after already cutting all unnecessary expenses isn't tilting at windmills, it's setting the record straight.

That being said, it seems that it's just as pointless in this case, as obstinate and obtuse as you're being, so I'm just gonna wish you the day/night you deserve and go to bed.

[–] FunderPants@lemmy.ca 6 points 5 months ago

I found $170 CAD in monthly subscriptions to cut, I didn't realize it had gotten that bad until I sat down and went over it. Amazed is a good word for it.

Probably could find another $70 monthly if I started cutting some things I prefer to use but have alternatives for (like cutting QoBuz because I have YT Music, PlexAmp).

But yes, inflation has taken a bite and I've started to cut back on unnecessary things.

[–] 9point6@lemmy.world 4 points 5 months ago

Funny that

[–] griff@lemmings.world 1 points 5 months ago

like a cornered rat, it must go…somewhere