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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • JollyJ Jolly

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

    Doctor PhibesD Offline
    Doctor PhibesD Offline
    Doctor Phibes
    wrote on 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
    • LuFins DadL LuFins Dad

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

      AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote on 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/

      LuFins DadL 1 Reply Last reply
      • JollyJ Offline
        JollyJ Offline
        Jolly
        wrote on 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
        • 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 Offline
                            jon-nycJ Offline
                            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 Offline
                                jon-nycJ Offline
                                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 Offline
                                          jon-nycJ Offline
                                          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
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