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Money and Finances
Reply to "Inflation is off the chain"
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[quote=Anonymous][quote=Anonymous]Prices have gone up across the board. Weekly grocery expenditures have gone up quite a bit for the same general basket of goods. Not enormously so but still obviously so. Restaurants are getting more and more expensive, takeaway is also getting more expensive. We're looking at new or recently used cars and they're very expensive. My sister is doing a kitchen remodel and her cabinets just arrived last week, and she commented that she was lucky because the cabinet company has also just raised their prices for the third time this year, despite lumber prices technically falling. I don't think I've witnessed such a big increase in such a short time in my life. My parents say it's still not as bad as the inflationary pressures of the 1970s but they openly acknowledge the rising prices. [/quote] +100 Grocery prices are crazy. We used to spend $80-100 for about 1.5 weeks' worth of groceries for 2 from Lotte. Just got back lack night on our typical run and spent $130. Nothing crazy in our basket either, just the typical quantity of meat and produce we always buy. Lumber prices are crazy - we just looked into trying to repair our wooden fence. No way is it worth it now. Copper is expensive, electrical boxes are expensive, even things like dry wall have gone up....all of my friends who do commercial engineering absolutely say without question the price of every single material has gone wayyyyy up. Sugar and wheat are about to explode in costs too because of bad crops. Oil is up. This is the worst bout of inflation the country has seen in over 30+ years....the macro numbers aren't lying. If we counted inflation using the same metrics as we used in '70s, inflation would be raging over double digits right now. [/quote]
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