Inflation is off the chain

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Seriously! I think I pay $5.99 for half a gallon!

That is a grass-fed, fully organic half gallon at Whole Foods.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Seriously! I think I pay $5.99 for half a gallon!

I live in Merrifield, and those prices are pretty spot-on for non-organic, non-speciality brand food at Giant and Safeway, especially with the "club" prices.

Not everyone shops at Whole Foods and the artisanal farmer's market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

You know what is pumping free money? 529s, IRAs, 401Ks. Get rid of those. Not stimulus checks or the earned income tax credit.

So how are people supposed to save for retirement?

Savings accounts.

Savings accounts that are paying interest rates lower than inflation? The longer you leave the money in them, the more buying power you lose. We have savings accounts, but I'm not parking my $1M retirement savings in one for 20 years. That's just dumb.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People, the inflation after 2008 didn't come in the form of dramatically higher milk prices. Demand for those goods largely stayed the same. There's only so much milk a person can drink - even if they become millionaires over night. When more money flowed into the economy, house prices skyrocketed. University prices skyrocketed. The stock market skyrocketed. Look for inflation where you would put an extra $500,000 and that's where you will find it now.

Lady, in 2008, I could buy chicken on sale at Safeway 49 cents a pound. Don't know what you are smoking. Food absolutely went up!!!

Milk prices, however, I think are controlled to a degree by government incentives.

Not in a measurable way by the CPI. Inflation per year has been less that 2% - a total of nearly 27%. But ask yourself if you can get a house for 27% more than in 2008.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Seriously! I think I pay $5.99 for half a gallon!

I live in Merrifield, and those prices are pretty spot-on for non-organic, non-speciality brand food at Giant and Safeway, especially with the "club" prices.

Not everyone shops at Whole Foods and the artisanal farmer's market.

Maybe if you catch a bread sale. No way eggs $1. Gallon milk 2.79. GTFO

[Anonymous]

Anonymous wrote:Anyone starting to notice they really feel it now? I can't believe the restaurant we just went to tonight charged $14 for 8 chicken wings. FOURTEEN DOLLARS! I mean, I remember when when 0.10 wing nights were common. Now they're sneakily hiding inflation everywhere. Portions are smaller. Happy hours with actual good deals are disappearing. Taco Tuesdays and burger nights where you could get a decent burger for $5 are non-existent. Two friggin sandwiches and two beers are now running us almost $60. This is absolutely getting out of control. That's not even mentioning the sticker shock I'm now seeing at the grocery store. Why do I feel like this is a big problem startng to snowball? I don't ever remember inflation being this bad. It may not be affordable to even go out to eat anywhere at this rate. Hell, last week we also spent almost $35 just for two fountain drinks and two bowls at Chipotle. This doesn't feel transient at all, no matter what the Fed tries to claim. We are getting crushed right now.

Just wait until they increase the $2 and change tipped wage for servers. Your cheap food comes on the backs of service and food processing workers who aren't paid a living wage. The just have some power now with the labor shortage. Try visiting a country that actually has a social safety net if you want some real sticker shock - many of them don't have free drink refills either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Seriously! I think I pay $5.99 for half a gallon!

I live in Merrifield, and those prices are pretty spot-on for non-organic, non-speciality brand food at Giant and Safeway, especially with the "club" prices.

Not everyone shops at Whole Foods and the artisanal farmer's market.

Maybe if you catch a bread sale. No way eggs $1. Gallon milk 2.79. GTFO

You're right. Instead of $1.09, I paid $1.50 for a dozen from Giant last week. That $0.41 was murder. The bread was only $2.19, though, so I still came out ahead.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

You are so close to understanding PP, but so consumed by Biden hatred that you are unable to do so. Yes, the supply chain is weak - you got it! That is what is causing inflation. It's a supply problem, not a demand problem, so largely has nothing to do with the Biden stimulus. When the supply chain gets sorted out post-pandemic, inflation will drop back down to normal levels. That's why every smart economist recognizes that inflation now is transient.

I love going through old posts . Especially when posted by some religious disciple of a political party.

This didn't age well.

Ad someone who runs the supply chain at a tech company. I can tell you that we are I flatiron long haulers. It's like the dominos keep falling.

For fun, search the word transient.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

You are so close to understanding PP, but so consumed by Biden hatred that you are unable to do so. Yes, the supply chain is weak - you got it! That is what is causing inflation. It's a supply problem, not a demand problem, so largely has nothing to do with the Biden stimulus. When the supply chain gets sorted out post-pandemic, inflation will drop back down to normal levels. That's why every smart economist recognizes that inflation now is transient.

I love going through old posts . Especially when posted by some religious disciple of a political party.

This didn't age well.

Ad someone who runs the supply chain at a tech company. I can tell you that we are I flatiron long haulers. It's like the dominos keep falling.

For fun, search the word transient.

The people receiving child tax credit cash payments stopped getting their's after December 15th and as a consequence - have now stopped lying about the prices in the grocery stores.

[Anonymous]

Inflation has been positive for me in the way that I’m a nanny and in a big city parents are paying me $35-40/hr!! Yes prices are going up, but I’m frugal and cook from home. I’ve saved so much money during the pandemic. I know this won’t last, so I’m being even more frugal so I can save as much as I can. Previously I was earning 20-22/hr so this has been great for me.