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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • J Offline
    J Offline
    Jolly
    wrote on 13 Jan 2023, 13:58 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

    D 1 Reply Last reply 13 Jan 2023, 14:00
    • J Jolly
      13 Jan 2023, 13:58

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

      D Offline
      D Offline
      Doctor Phibes
      wrote on 13 Jan 2023, 14:00 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
      • L LuFins Dad
        12 Jan 2023, 21:27

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

        A Offline
        A Offline
        Axtremus
        wrote on 15 Jan 2023, 04:42 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/

        L 1 Reply Last reply 15 Jan 2023, 13:49
        • J Offline
          J Offline
          Jolly
          wrote on 15 Jan 2023, 13:05 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
          • G Offline
            G Offline
            George K
            wrote on 15 Jan 2023, 13:24 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
            • A Axtremus
              15 Jan 2023, 04:42

              @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/

              L Offline
              L Offline
              LuFins Dad
              wrote on 15 Jan 2023, 13:49 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

              A 1 Reply Last reply 15 Jan 2023, 15:10
              • L LuFins Dad
                15 Jan 2023, 13:49

                @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…

                A Offline
                A Offline
                Axtremus
                wrote on 15 Jan 2023, 15:10 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.

                G L 2 Replies Last reply 15 Jan 2023, 15:44
                • A Axtremus
                  15 Jan 2023, 15:10

                  @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.

                  G Offline
                  G Offline
                  George K
                  wrote on 15 Jan 2023, 15:44 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.

                  A 1 Reply Last reply 15 Jan 2023, 16:44
                  • G George K
                    15 Jan 2023, 15:44

                    @Axtremus said in Inflation:

                    price of poultry rose only 12%.

                    "Only..."

                    A Offline
                    A Offline
                    Axtremus
                    wrote on 15 Jan 2023, 16:44 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
                    • A Axtremus
                      15 Jan 2023, 15:10

                      @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.

                      L Offline
                      L Offline
                      LuFins Dad
                      wrote on 15 Jan 2023, 20:43 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

                      J 1 Reply Last reply 16 Jan 2023, 20:42
                      • G Offline
                        G Offline
                        George K
                        wrote on 16 Jan 2023, 20:31 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
                        • L LuFins Dad
                          15 Jan 2023, 20:43

                          @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.

                          J Offline
                          J Offline
                          Jolly
                          wrote on 16 Jan 2023, 20:42 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
                          • D Offline
                            D Offline
                            Doctor Phibes
                            wrote on 16 Jan 2023, 21:50 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 Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote on 17 Jan 2023, 02:23 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
                              • G Offline
                                G Offline
                                George K
                                wrote on 17 Jan 2023, 02:32 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 Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote on 17 Jan 2023, 11:05 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
                                  • G Offline
                                    G Offline
                                    George K
                                    wrote on 17 Jan 2023, 17:43 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
                                    • A Offline
                                      A Offline
                                      Axtremus
                                      wrote on 23 Jan 2023, 15:02 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 28 Jan 2023, 02:12 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
                                        • A Offline
                                          A Offline
                                          Axtremus
                                          wrote on 16 Feb 2023, 16:44 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. ...

                                          J 1 Reply Last reply 16 Feb 2023, 17:33
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