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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • AxtremusA Axtremus

    https://www.pncchristmaspriceindex.com/#gifts

    The Christmas Price Index: 'For 39 years, PNC has calculated the prices of the 12 gifts from the classic song, "The Twelve Days of Christmas."'

    Long story short, PNC estimates that the index will go up by about 10% from 2021 to 2022.

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by LuFins Dad
    #198

    @Axtremus said in Inflation:

    https://www.pncchristmaspriceindex.com/#gifts

    The Christmas Price Index: 'For 39 years, PNC has calculated the prices of the 12 gifts from the classic song, "The Twelve Days of Christmas."'

    Long story short, PNC estimates that the index will go up by about 10% from 2021 to 2022.

    Eight Maids-A-Milking
    $58.00

    (0.0%)

    Where were you on July 24, 2009? The Eight Maids-a-Milking were fresh off of their last pay raise. The Federal Minimum Wage hasn’t changed since that date and neither has the cost of this gift..

    Labor costs aren’t simply driven by Federal Minimum Wage… Farm Labor is up 8% year over year. https://www.lancasterfarming.com/farming-news/news/farm-workers-see-highest-pay-increase-in-10-years/article_12bb7ae6-dcfb-11ec-81da-0790fc782bb6.html

    The Brad

    1 Reply Last reply
    • LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #199

      Eleven Pipers Piping
      $3,021.40

      (+2.6%)

      Live music is once again tuned up after its pandemic lull. The Eleven Pipers grew in cost by a modest 2.6 percent – reflecting rising compensation in 2022..

      Musicians pay rates went up about 12% from 21-22. It really isn’t hard to google this shit…

      The Brad

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #200

        It’s a fun measure of inflation, but the article has several major flaws. First of which, it’s by PNC, which gets it two middle fingers from me right off the bat.

        The Brad

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #201

          Wonder what we will see today?

          While CPI was 7.1% last month, most of the items important to most people on a daily basis were much higher.

          https://www.cnbc.com/2022/12/13/heres-the-inflation-breakdown-for-november-2022-in-one-chart.html

          D1090E3C-F00D-4849-AF70-DD33075E726F.jpeg

          The Brad

          1 Reply Last reply
          • 89th8 Offline
            89th8 Offline
            89th
            wrote on last edited by
            #202

            Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

            JollyJ jon-nycJ 2 Replies Last reply
            • LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #203

              91ED6107-9D0A-4D5F-85BF-D17060BAC913.png

              The Brad

              AxtremusA 1 Reply Last reply
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #204

                Don’t forget, that’s stacked on top of record setting inflation in December 2021. Compare those prices with December 2020….

                The Brad

                1 Reply Last reply
                • 89th8 89th

                  Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                  JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #205

                  @89th said in Inflation:

                  Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                  Uh, you can sit on them store-bought eggs until Hell freezes over and the Devil takes up figure skating, but you ain't gonna hatch no chickens.

                  “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 89th

                    Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                    jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #206

                    @89th said in Inflation:

                    Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                    I get that it’s a large percentage increase, but really, my morning egg now costs me 67c.

                    The bagel is 5x that.

                    Only non-witches get due process.

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

                      @89th said in Inflation:

                      Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                      I get that it’s a large percentage increase, but really, my morning egg now costs me 67c.

                      The bagel is 5x that.

                      LuFins DadL Offline
                      LuFins DadL Offline
                      LuFins Dad
                      wrote on last edited by
                      #207

                      @jon-nyc said in Inflation:

                      @89th said in Inflation:

                      Yeah saw a dozen eggs for $8 the other day. Luckily I'm pro-life and don't eat unborn chickens.

                      I get that it’s a large percentage increase, but really, my morning egg now costs me 67c.

                      The bagel is 5x that.

                      Great. And the bagel now costs 40¢ more than last year and close to 75¢ more than it did in 2019. Partly because of the egg increase…

                      The Brad

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #208

                        Don't forget the price of bacon, should you suddenly have the wild urge to temporarily live like the rich and famous.

                        “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

                        Doctor PhibesD 1 Reply Last reply
                        • JollyJ Jolly

                          Don't forget the price of bacon, should you suddenly have the wild urge to temporarily live like the rich and famous.

                          Doctor PhibesD Offline
                          Doctor PhibesD Offline
                          Doctor Phibes
                          wrote on last edited by
                          #209

                          @Jolly said in Inflation:

                          Don't forget the price of bacon, should you suddenly have the wild urge to temporarily live like the rich and famous.

                          -3.7%. They're practically giving it away!

                          I was only joking

                          1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            91ED6107-9D0A-4D5F-85BF-D17060BAC913.png

                            AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #210

                            @LuFins-Dad

                            The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:

                            https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/

                            LuFins DadL 1 Reply Last reply
                            • JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #211

                              That's part of the story, but it ain't all of it.

                              Buy a bag of feed lately? A gallon of diesel?

                              It's not just the flu driving prices. But if you look at the parrots we have in the MSM, that seems to be the chant.

                              “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
                              • George KG Offline
                                George KG Offline
                                George K
                                wrote on last edited by
                                #212

                                I just looked at our expenses, year-to-year. We've been very consistent with respect to these items - and we haven't really changed our spending habits. We still order out, drive, and heat/cool the same way as we did in 2021.

                                Screenshot 2023-01-15 at 7.23.52 AM.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.

                                1 Reply Last reply
                                • AxtremusA Axtremus

                                  @LuFins-Dad

                                  The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:

                                  https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/

                                  LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #213

                                  @Axtremus said in Inflation:

                                  @LuFins-Dad

                                  The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:

                                  https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/

                                  As @Jolly states, it’s part of the increase, but not the whole story or even half. Farm wages are up about 18% over the past two years, and new labor requirements have necessitated larger labor forces in agriculture.

                                  Everybody keeps ignoring the effect that wage inflation is having on the overall picture. The Fed can only suppress demand so far…

                                  The Brad

                                  AxtremusA 1 Reply Last reply
                                  • LuFins DadL LuFins Dad

                                    @Axtremus said in Inflation:

                                    @LuFins-Dad

                                    The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:

                                    https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/

                                    As @Jolly states, it’s part of the increase, but not the whole story or even half. Farm wages are up about 18% over the past two years, and new labor requirements have necessitated larger labor forces in agriculture.

                                    Everybody keeps ignoring the effect that wage inflation is having on the overall picture. The Fed can only suppress demand so far…

                                    AxtremusA Offline
                                    AxtremusA Offline
                                    Axtremus
                                    wrote on last edited by
                                    #214

                                    @LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.

                                    George KG LuFins DadL 2 Replies Last reply
                                    • AxtremusA Axtremus

                                      @LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.

                                      George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #215

                                      @Axtremus said in Inflation:

                                      price of poultry rose only 12%.

                                      "Only..."

                                      "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.

                                      AxtremusA 1 Reply Last reply
                                      • George KG George K

                                        @Axtremus said in Inflation:

                                        price of poultry rose only 12%.

                                        "Only..."

                                        AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by
                                        #216

                                        @George-K said in Inflation:

                                        @Axtremus said in Inflation:

                                        price of poultry rose only 12%.

                                        "Only..."

                                        Could have been much worse if the avian flu hit the poultry meat producing chicken population too.

                                        1 Reply Last reply
                                        • AxtremusA Axtremus

                                          @LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.

                                          LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #217

                                          @Axtremus said in Inflation:

                                          @LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.

                                          You’re basing your opinion on the belief that everything else are common factors. They aren’t. And if your reading comprehension skills would ever improve, you would note that both @Jolly and I acknowledge that the Avian Flu is part of the cause. We’re just pointing out that there’s a lot more to the story that you are ignoring.

                                          The Brad

                                          JollyJ 1 Reply Last reply
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