CBS Marketwatch: Average Americans paying $5 for gas, $100 for concert tickets, and $90 for bottles of wine.

Who the fuck are these average Americans they’re talking about, because few are paying anywhere close to $5 for gas. Average price in US is around $3.50 right now, and most states are below that - CA average is $4.30.

Average Americans are paying as much as $100 to $200 for a single concert ticket, $90 for a bottle of wine, and $5 a gallon for gas. https://t.co/rTciIVOEfn

— MarketWatch (@MarketWatch) November 20, 2021

What about average wine prices? Most folks shell out $20-$30 for a good bottle of wine. They’re not spending $90-100, even when going out for a meal.

Good concert seat tix have been $100+ for *decades*

— lawhawk #vaxxingforafriend (@lawhawk) November 20, 2021

Media narratives are narrative because they’ve decided what people need to fixate on and claim so as to push down Democrats’ efforts and undermine Biden. There’s nothing in the inflation data that suggests we’re in trouble, or that this will be long lasting. Companies are posting record profits and upgrading their guidance. That’s anything but a negative. Prices on some items are higher, because of scarcity thanks to more people wanting to buy stuff. Again, it’s the Cabbage Patch Doll problem. Limited supply and everyone wants it, so the price soars. That’s basic economics, not inflation.