Inflation
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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.
wrote on 1 Nov 2022, 02:01 last edited by@George-K Blame it on President Biden!! LOL
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@George-K Blame it on President Biden!! LOL
wrote on 1 Nov 2022, 02:04 last edited by@taiwan_girl Don't worry, we will.
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wrote on 1 Nov 2022, 02:08 last edited by
Every single thing at the grocery store is up at least 50%.
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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.
wrote on 1 Nov 2022, 02:27 last edited byYup, 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.
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EVERYTHING is effected by the cost of diesel. There’s not a single product that isn’t.
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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.
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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…
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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.
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EVERYTHING is effected by the cost of diesel. There’s not a single product that isn’t.
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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.
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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…
wrote on 1 Nov 2022, 02:45 last edited by@LuFins-Dad 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
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@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.
wrote on 21 Nov 2022, 20:30 last edited by@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
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@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
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wrote on 21 Nov 2022, 20:48 last edited by
Bet that $11 turkey sucks.
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wrote on 21 Nov 2022, 20:57 last edited by
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.
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wrote on 21 Nov 2022, 20:59 last edited by
Of course, it IS turkey, so it can only be so good. Not my favorite fowl.
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wrote on 21 Nov 2022, 21:13 last edited by
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
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wrote on 21 Nov 2022, 21:17 last edited by
This was fresh.
Also, it’s $2.49/lb without the store discount club membership
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Here that Turkey is $11, which brings the total to $53. Which means it’s a hair less expensive than 2021
wrote on 22 Nov 2022, 02:04 last edited byHere 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
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wrote on 22 Nov 2022, 02:24 last edited by
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wrote on 22 Nov 2022, 02:31 last edited by jon-nyc
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.
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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.
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wrote on 22 Nov 2022, 02:58 last edited by
We spent about $4 a pound for our bird. Organic, non-gmo, free range, and fed truffles every day while listening to Italian Arias…
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wrote on 22 Nov 2022, 03:00 last edited by
By the way, do we feel better if birds are free range? I mean, they are living their best lives when somebody cuts their lives short with an axe…
Birds living in those overcrowded pens? When death comes for them it’s a release… Freedom from their pain and suffering…
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wrote on 22 Nov 2022, 06:11 last edited by
The ultimate would be to raise your own free-range turkey.
