Inflation
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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.
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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
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Don’t forget, that’s stacked on top of record setting inflation in December 2021. Compare those prices with December 2020….
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DON’T let them eat cake.
- RFK Jr -
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…
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Don't forget the price of bacon, should you suddenly have the wild urge to temporarily live like the rich and famous.
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
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/
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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.
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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…
Me/rry/Christmas
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@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.
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"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.
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@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.
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@LuFins-Dad 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.
