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The New Coffee Room

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  3. Inflation

Inflation

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #173

    Well, bud, I did some grocery shopping today. Everything's higher.

    Some items have almost doubled in the last year.

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    1 Reply Last reply
    • 89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #174

      Yup, very much noticeable at the grocery store.

      It's also a shame how prices have gone up for everything else, even if they aren't impacted by supply chain or other reasons. It's a game of "I can charge more because my neighbor is charging more". It's part of the free market game... we enjoyed over a decade of low rates, low inflation, strong growth, and now the pendulum is swinging back.

      @Axtremus A McD's meal basically costs $10 at this point. For a family of four, it's cheaper now to order take-out from Applebees, or a Chinese restaurant.

      LuFins DadL 1 Reply Last reply
      • George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #175

        Eurozone Inflation Rate Rises to 10.7% as Recession Looms

        The annual rate of consumer-price inflation in the eurozone increased to double digits in October, reaching a record and highlighting the challenges facing the European Central Bank after it signaled a coming slowdown in the pace of its rate increases.

        The broad measure of consumer prices has risen sharply since Russia’s invasion of Ukraine and Moscow’s decision to throttle natural gas supplies to Europe to undermine Western support for Kyiv. By mid-September, Russia had cut its supplies to 80% of their year-earlier total.

        Europe has had to look elsewhere for gas supplies, and paid much higher prices. While storage levels are now high, and gas prices on world markets have fallen from their peaks, household energy bills lag behind those moves and are much higher than a year earlier, as are food prices.

        As a result of these pressures, inflation in the region has overtaken the level in the U.S. Now it is fueling demand for higher pay in the most affected countries, which could in turn feed into further price rises.

        The European Union’s statistics agency Monday said consumer prices were 10.7% higher in October than a year earlier, the fastest rate of increase since records began in 1997, two years before the euro was launched. However, national records go back further, and Germany’s measure of inflation was the highest since December 1951.

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        taiwan_girlT 1 Reply Last reply
        • George KG George K

          Eurozone Inflation Rate Rises to 10.7% as Recession Looms

          The annual rate of consumer-price inflation in the eurozone increased to double digits in October, reaching a record and highlighting the challenges facing the European Central Bank after it signaled a coming slowdown in the pace of its rate increases.

          The broad measure of consumer prices has risen sharply since Russia’s invasion of Ukraine and Moscow’s decision to throttle natural gas supplies to Europe to undermine Western support for Kyiv. By mid-September, Russia had cut its supplies to 80% of their year-earlier total.

          Europe has had to look elsewhere for gas supplies, and paid much higher prices. While storage levels are now high, and gas prices on world markets have fallen from their peaks, household energy bills lag behind those moves and are much higher than a year earlier, as are food prices.

          As a result of these pressures, inflation in the region has overtaken the level in the U.S. Now it is fueling demand for higher pay in the most affected countries, which could in turn feed into further price rises.

          The European Union’s statistics agency Monday said consumer prices were 10.7% higher in October than a year earlier, the fastest rate of increase since records began in 1997, two years before the euro was launched. However, national records go back further, and Germany’s measure of inflation was the highest since December 1951.

          taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote on last edited by
          #176

          @George-K Blame it on President Biden!! LOL

          JollyJ 1 Reply Last reply
          • taiwan_girlT taiwan_girl

            @George-K Blame it on President Biden!! LOL

            JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #177

            @taiwan_girl Don't worry, we will.

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • MikM Away
              MikM Away
              Mik
              wrote on last edited by
              #178

              Every single thing at the grocery store is up at least 50%.

              “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

              1 Reply Last reply
              • 89th8 89th

                Yup, very much noticeable at the grocery store.

                It's also a shame how prices have gone up for everything else, even if they aren't impacted by supply chain or other reasons. It's a game of "I can charge more because my neighbor is charging more". It's part of the free market game... we enjoyed over a decade of low rates, low inflation, strong growth, and now the pendulum is swinging back.

                @Axtremus A McD's meal basically costs $10 at this point. For a family of four, it's cheaper now to order take-out from Applebees, or a Chinese restaurant.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #179

                @89th said in Inflation:

                Yup, very much noticeable at the grocery store.

                It's also a shame how prices have gone up for everything else, even if they aren't impacted by supply chain or other reasons. It's a game of "I can charge more because my neighbor is charging more".

                Uhm, no. I expected a little more out of you.

                1. EVERYTHING is effected by the cost of diesel. There’s not a single product that isn’t.

                2. Even if you don’t have a product that’s price has been impacted by supply line or fuel costs, EVERYTHING is still impacted by wage inflation. Wages are skyrocketing. Now that Starbucks Baristas are making $20 per hour, I have to pay my piano movers $40 an hour since their jobs are for more physically demanding and require far more training and skill. That means my rates for delivery have to go up from $250 per upright piano delivery to $325. By the time I’m done paying them, their employment taxes, and the elevated fuel costs, I’m making less per delivery than I was a year ago at $250.

                3. Even if your product wasn’t disrupted by supply issues… Even if your product and services weren’t effected by wage inflation… Even if your product and services weren’t effected by the cost of diesel… We’re going into a period of incredible inflation and economic stagnation. In those economic conditions a business has to improve and protect their profit margins. They will have to get by with less business overall…

                The Brad

                HoraceH 1 Reply Last reply
                • LuFins DadL LuFins Dad

                  @89th said in Inflation:

                  Yup, very much noticeable at the grocery store.

                  It's also a shame how prices have gone up for everything else, even if they aren't impacted by supply chain or other reasons. It's a game of "I can charge more because my neighbor is charging more".

                  Uhm, no. I expected a little more out of you.

                  1. EVERYTHING is effected by the cost of diesel. There’s not a single product that isn’t.

                  2. Even if you don’t have a product that’s price has been impacted by supply line or fuel costs, EVERYTHING is still impacted by wage inflation. Wages are skyrocketing. Now that Starbucks Baristas are making $20 per hour, I have to pay my piano movers $40 an hour since their jobs are for more physically demanding and require far more training and skill. That means my rates for delivery have to go up from $250 per upright piano delivery to $325. By the time I’m done paying them, their employment taxes, and the elevated fuel costs, I’m making less per delivery than I was a year ago at $250.

                  3. Even if your product wasn’t disrupted by supply issues… Even if your product and services weren’t effected by wage inflation… Even if your product and services weren’t effected by the cost of diesel… We’re going into a period of incredible inflation and economic stagnation. In those economic conditions a business has to improve and protect their profit margins. They will have to get by with less business overall…

                  HoraceH Offline
                  HoraceH Offline
                  Horace
                  wrote on last edited by
                  #180

                  @LuFins-Dad said in Inflation:

                  @89th said in Inflation:

                  Yup, very much noticeable at the grocery store.

                  It's also a shame how prices have gone up for everything else, even if they aren't impacted by supply chain or other reasons. It's a game of "I can charge more because my neighbor is charging more".

                  Uhm, no. I expected a little more out of you.

                  Me too, 89th. I expected more out of you too. I will never stop expecting more of you. It’s how you know I care.

                  #ToughLove

                  Education is extremely important.

                  1 Reply Last reply
                  • LuFins DadL LuFins Dad

                    @LuFins-Dad said in Inflation:

                    Remember the Farm Bureau’s .14 cent 4th of July?

                    They’re back…

                    https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                    Can’t wait to see this year’s number.

                    George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by
                    #181

                    @LuFins-Dad said in Inflation:

                    @LuFins-Dad said in Inflation:

                    Remember the Farm Bureau’s .14 cent 4th of July?

                    They’re back…

                    https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                    Can’t wait to see this year’s number.

                    https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-20

                    image.png

                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                    jon-nycJ 1 Reply Last reply
                    • George KG George K

                      @LuFins-Dad said in Inflation:

                      @LuFins-Dad said in Inflation:

                      Remember the Farm Bureau’s .14 cent 4th of July?

                      They’re back…

                      https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                      Can’t wait to see this year’s number.

                      https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-20

                      image.png

                      jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by jon-nyc
                      #182

                      @George-K

                      Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      LuFins DadL 1 Reply Last reply
                      • MikM Away
                        MikM Away
                        Mik
                        wrote on last edited by
                        #183

                        Bet that $11 turkey sucks.

                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                        jon-nycJ 1 Reply Last reply
                        • MikM Mik

                          Bet that $11 turkey sucks.

                          jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by
                          #184

                          Shady brook farms, it won’t be bad.

                          I think stop and shop has it as a loss leader hoping we’ll get everything else there.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • MikM Away
                            MikM Away
                            Mik
                            wrote on last edited by
                            #185

                            Of course, it IS turkey, so it can only be so good. Not my favorite fowl.

                            “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                            1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #186

                              Frozen

                              Butterball at Jewel is 99¢ a pound here.
                              "Open Nature" is $2.19.
                              "Jennie-O" is 59¢.

                              Kroger is 59¢
                              Butterball is 88¢ (interesting)

                              Fresh Butterball is $1.99

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote on last edited by
                                #187

                                This was fresh.

                                Also, it’s $2.49/lb without the store discount club membership

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  @George-K

                                  Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                                  LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #188

                                  @jon-nyc said in Inflation:

                                  @George-K

                                  Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                                  What’s the size?

                                  The Brad

                                  George KG jon-nycJ 2 Replies Last reply
                                  • LuFins DadL LuFins Dad

                                    @jon-nyc said in Inflation:

                                    @George-K

                                    Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                                    What’s the size?

                                    George KG Offline
                                    George KG Offline
                                    George K
                                    wrote on last edited by
                                    #189

                                    @LuFins-Dad said in Inflation:

                                    @jon-nyc said in Inflation:

                                    @George-K

                                    Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                                    What’s the size?

                                    @jon-nyc said the turkey is $2.49/lb

                                    If the turkey is $11.00, well that's a 4.4 lb turkey.

                                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                    1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      @jon-nyc said in Inflation:

                                      @George-K

                                      Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021

                                      What’s the size?

                                      jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by jon-nyc
                                      #190

                                      @LuFins-Dad

                                      No, if got it for 69c a pound using my store card. It’s 13 lbs.

                                      It would have been 2.49/lb without my store card.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      George KG 1 Reply Last reply
                                      • jon-nycJ jon-nyc

                                        @LuFins-Dad

                                        No, if got it for 69c a pound using my store card. It’s 13 lbs.

                                        It would have been 2.49/lb without my store card.

                                        George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by George K
                                        #191

                                        @jon-nyc said in Inflation:

                                        It would have been 2.49/lb without my store card.

                                        Or about $40.

                                        ETA: The fresh Butterball ($1.99) I posted is more expensive than the chart from the Farm Bureau ($1.81).

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #192

                                          We spent about $4 a pound for our bird. Organic, non-gmo, free range, and fed truffles every day while listening to Italian Arias…

                                          The Brad

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