Inflation

[LuFins Dad]

@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

[LuFins Dad]

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…

[LuFins Dad]

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.

[LuFins Dad]

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

[89th]

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

[LuFins Dad]

[LuFins Dad]

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

[Jolly]

@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.

[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 Dad]

@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…

[Jolly]

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

[Doctor Phibes]

@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!

[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/

[Jolly]

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.

[George K]

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.

[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…

[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 K]

@Axtremus said in Inflation:

price of poultry rose only 12%.

"Only..."

[Axtremus]

@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.

[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.