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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • 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
              • George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #218

                "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

                  @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.

                  JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #219

                  @LuFins-Dad said in Inflation:

                  @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.

                  They wouldn't know the Truth, if it bit them in the ass.

                  “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
                  • Doctor PhibesD Offline
                    Doctor PhibesD Offline
                    Doctor Phibes
                    wrote on last edited by Doctor Phibes
                    #220

                    In other news, global economic crisis caused by American geriatric continues to enrage middle America.

                    Still, it could be worse. The British press are probably blaming it on Meghan Markle.

                    I was only joking

                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by
                      #221

                      3C36291B-5785-45AD-AE9B-C28C9F7096F2.jpeg

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #222

                        I'm so old that I remember the days when you threw eggs and toilet paper at the houses of people you hate.

                        "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
                          #223

                          9F594E57-2C12-4CDB-B0CC-545F454DD26B.jpeg

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #224

                            Just got back from the grocery store, I’ve never seen eggs this high.

                            FmnUtr8XEB0iNvm.jpeg

                            "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 Offline
                              AxtremusA Offline
                              Axtremus
                              wrote on last edited by
                              #225

                              https://www.reuters.com/markets/us/high-egg-prices-should-be-investigated-us-farm-group-says-2023-01-20/

                              Farm group calls for the FTC to investigate the pricing of eggs for signs of price gouging.

                              1 Reply Last reply
                              • taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote on last edited by
                                #226

                                In the US at least, it appears that it has "turned the corner"

                                https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

                                1 Reply Last reply
                                • AxtremusA Offline
                                  AxtremusA Offline
                                  Axtremus
                                  wrote on last edited by
                                  #227

                                  https://www.wired.com/story/the-bird-flu-outbreak-has-taken-an-ominous-turn/

                                  The article is mainly about bird flu outbreak. Relevant to the price of egg is this snippet:

                                  ... the US, where 43 million laying hens were either killed by avian flu last year or slaughtered to prevent the disease from spreading. Those losses took out almost a third of the national flock of laying hens; according to the US Department of Agriculture, they cut into egg supplies so much that prices at the end of the year were 210 percent higher than at the end of 2021. ...

                                  JollyJ 1 Reply Last reply
                                  • jon-nycJ Online
                                    jon-nycJ Online
                                    jon-nyc
                                    wrote on last edited by
                                    #228

                                    Bidenavian Flu.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • AxtremusA Axtremus

                                      https://www.wired.com/story/the-bird-flu-outbreak-has-taken-an-ominous-turn/

                                      The article is mainly about bird flu outbreak. Relevant to the price of egg is this snippet:

                                      ... the US, where 43 million laying hens were either killed by avian flu last year or slaughtered to prevent the disease from spreading. Those losses took out almost a third of the national flock of laying hens; according to the US Department of Agriculture, they cut into egg supplies so much that prices at the end of the year were 210 percent higher than at the end of 2021. ...

                                      JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #229

                                      @Axtremus said in Inflation:

                                      https://www.wired.com/story/the-bird-flu-outbreak-has-taken-an-ominous-turn/

                                      The article is mainly about bird flu outbreak. Relevant to the price of egg is this snippet:

                                      ... the US, where 43 million laying hens were either killed by avian flu last year or slaughtered to prevent the disease from spreading. Those losses took out almost a third of the national flock of laying hens; according to the US Department of Agriculture, they cut into egg supplies so much that prices at the end of the year were 210 percent higher than at the end of 2021. ...

                                      Uh, you kinda forgot about the increases in diesel fuel and feed didn't you?

                                      “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
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