Inflation of common items since 2021

[Zee09]

One positive came about however. Toilet paper can be found everywhere in abundance. Nobody can afford to eat. The trickle down effect is we are more green as a country now.. Instead of global warming we have global starving. There is always a silver lining if you are willing to open your eyes.

 

[alarmguy]

I saw this post in my fintwit feed and thought it would be of interest to some here. Again, nothing we didn't already know:

Inflation Since January 2021:
1. Eggs: 49.3%
2. Gasoline: 47.8%
3. Airfare: 32.7%
4. Electricity: 29.3%
5. Natural Gas: 26.9%
6. Chicken: 23.9%
7. Public Transportation: 22.2%
8. Used Cars: 20.9%
9. Milk: 15.0%
10. Clothes: 13.5%

Over the last 3 years, the purchasing power of a US Dollar has declined by 16%.

Furthermore, over the last 5 years, the purchasing power of a US Dollar has declined by 23%.This effectively means uninvested money from 2019 is now worth almost ONE FOURTH LESS today.

Note the Kobeissi Letter is trying to sell financial advice. Still I find there free posts interesting.

I would ask why the three year mark?
It almost sounds like creating a story out of numbers
It looks dramatic the price of gasoline yet over the decades, gasoline is almost cheap.
And was also coming out of a Covid low

The price of electricity hasn’t changed at all where I live and that goes for South Carolina and North Carolina. In fact, I don’t see how it could be any cheaper.
I don’t think anybody could deny that food has gone up. I’m just not sure why January 2021.

I would think if he picked even maybe January 2023 things would’ve been a lot less in fact I don’t know. I’m just crazy.

 

[alarmguy]

And everyone borrowed and spent, and people are poorer and in more debt now than ever. Now they've switched the tables and are pushing for deflation. If only anyone could have seen this coming.

We have no one to blame, but we the people ourselves. We vote for it and even in our own household, the majority of Americans are completely immature to save money and not take out loans in order to buy things they cannot afford.
Nowadays, they consider being able to afford something by the size of the payment they have to make to someone who lends them the money to buy it.

The up-and-coming generations are doomed, completely ignorant of basic financial principles.

 

[NormanBuntz]

Is that financial report more accurate than the Kielbasa Letter?

 

[SC Maintenance]

I would ask why the three year mark?
It almost sounds like creating a story out of numbers
It looks dramatic the price of gasoline yet over the decades, gasoline is almost cheap.
And was also coming out of a Covid low

The price of electricity hasn’t changed at all where I live and that goes for South Carolina and North Carolina. In fact, I don’t see how it could be any cheaper.
I don’t think anybody could deny that food has gone up. I’m just not sure why January 2021.

I would think if he picked even maybe January 2023 things would’ve been a lot less in fact I don’t know. I’m just crazy.

It’s not 3 years its January 2021. Why that? Because January 2021 was the last month CPI was officially below the feds 2% target.

No conspiracy to be found.

 

[alarmguy]

It’s not 3 years its January 2021. Why that? Because January 2021 was the last month CPI was officially below the feds 2% target.

No conspiracy to be found.

Im not calling anything a conspiracy. All I am saying is because someone posts something on Social Media doesnt make it true or significant? I dont know what people expect, going from a year where the whole world was shut down and comparing an artificially low gasoline price and calculating inflation on the low price compared to normal pre covid years. I get the Fed 2% target, no debate from me. Except the Fed is crazy and using that persons number shows many of the things he used in the inflation number are down ... so we can say inflation is coming under control... but interest rates will never come down until the next crash.. ?

*LOL* now I have to go cut the lawn.
Oh... now I got it...

 

[Dave Hess]

The guy on TV says to ignore all the inflation.

I went from buying a Whopper combo with large fries, large soda and apple pie……. to now only being able to afford a Whopper Jr with small fries and small soda with no apple pie.

 

[buster]

https://realinvestmentadvice.com/no-corporate-greed-is-not-the-cause-of-inflation/

 

[4WD]

Im not calling anything a conspiracy. All I am saying is because someone posts something on Social Media doesnt make it true or significant? I dont know what people expect, going from a year where the whole world was shut down and comparing an artificially low gasoline price and calculating inflation on the low price compared to normal pre covid years. I get the Fed 2% target, no debate from me. Except the Fed is crazy and using that persons number shows many of the things he used in the inflation number are down ... so we can say inflation is coming under control... but interest rates will never come down until the next crash.. ?

View attachment 221741
*LOL* now I have to go cut the lawn.
Oh... now I got it...
View attachment 221739

View attachment 221740

I just renewed for 36 months at .11/kwh … figured there’s no chance of it going down …

 

[Dave Hess]

$45 of groceries now $100.

The guy eating steak and lobster says not to worry.

 

[SubieRubyRoo]

Inflation of common items since 2021​

Public speech. Seems like people appreciated brevity more then. Now it has inflated so much everybody has logorrhea. Value has decreased in proportion to the quantity of words uttered.

Word.

 

[alarmguy]

https://realinvestmentadvice.com/no-corporate-greed-is-not-the-cause-of-inflation/

This is the root cause.
All the Fed tries to do is counteract what we vote, which is massive borrowing, unseen, in the history of mankind.

Inflation will never be under control and things will never be normal until we have the willpower to stop spending money we don’t have.
Honestly, honestly? My feeling is game over.
The young will never understand the principle of not voting to borrow money until the day comes. Will we have a Venezuela situation.
Http://www.usdebtclock.org

 

[SC Maintenance]

Im not calling anything a conspiracy. All I am saying is because someone posts something on Social Media doesnt make it true or significant? I dont know what people expect, going from a year where the whole world was shut down and comparing an artificially low gasoline price and calculating inflation on the low price compared to normal pre covid years. I get the Fed 2% target, no debate from me. Except the Fed is crazy and using that persons number shows many of the things he used in the inflation number are down ... so we can say inflation is coming under control... but interest rates will never come down until the next crash.. ?


*LOL* now I have to go cut the lawn.
Oh... now I got it...

Still confused on your point? You seem either unhappy with the dates or unhappy gas is on the list?

The dates I explained. The fed leaves food and energy off their core list but that upsets everyone as well because they can't just stop buying it because its price is volatile.

You can't please any of the people any of the time I guess is true.

 

[Donald]

There were many supply problems during COVID. Remembers new cars selling above MSRP.

Some was supply and demand. Some gouging.

If it's the last box of Rice Krispies on the shelf should the store charge $20. Supply and demand.

COVID was tough. People lost jobs. Millions died. Some got long COVID. The government tried with vaccine but did not know how to handle the economy. Giving millions of Americans free money and extended unemployment got people food and paid rent but probably fueled inflation. There was no guide or experience on how to handle the economy during a pandemic.

Inflation may take longer to come down than anyone would like. You don't want a recession.

 

[KrisZ]

Those saying it was because of Covid, are you guys doctors or medical professionals?

 

[mr_boring]

I would ask why the three year mark?
It almost sounds like creating a story out of numbers
It looks dramatic the price of gasoline yet over the decades, gasoline is almost cheap.
And was also coming out of a Covid low

The price of electricity hasn’t changed at all where I live and that goes for South Carolina and North Carolina. In fact, I don’t see how it could be any cheaper.
I don’t think anybody could deny that food has gone up. I’m just not sure why January 2021.

I would think if he picked even maybe January 2023 things would’ve been a lot less in fact I don’t know. I’m just crazy.

Some of your neighbors disagree.

https://www.wltx.com/article/news/l...ills/101-d7c0a325-f125-4ea1-920e-5f1a3310c342

 

[buster]

This is the root cause.
All the Fed tries to do is counteract what we vote, which is massive borrowing, unseen, in the history of mankind.

Inflation will never be under control and things will never be normal until we have the willpower to stop spending money we don’t have.
Honestly, honestly? My feeling is game over.
The young will never understand the principle of not voting to borrow money until the day comes. Will we have a Venezuela situation.
Http://www.usdebtclock.org

I'm not convinced it is. Have you heard of MMT? Modern Monetary Theory.

https://www.investopedia.com/modern-monetary-theory-mmt-4588060

 

[mr_boring]

There were many supply problems during COVID. Remembers new cars selling above MSRP.

Some was supply and demand. Some gouging.

If it's the last box of Rice Krispies on the shelf should the store charge $20. Supply and demand.

COVID was tough. People lost jobs. Millions died. Some got long COVID. The government tried with vaccine but did not know how to handle the economy. Giving millions of Americans free money and extended unemployment got people food and paid rent but probably fueled inflation. There was no guide or experience on how to handle the economy during a pandemic.

Inflation may take longer to come down than anyone would like. You don't want a recession.

If only something eerily similar had happened before, with economic data.

https://www.nber.org/digest/may20/social-and-economic-impacts-1918-influenza-epidemic

 

[dbias]

A good bit of the current state of the economy is a lack of competition due to monopolies. When there are fewer players in a given market we get higher prices and record profits, which is what we have today. Bust up the mega corporations.

 

[Dave Hess]

A good bit of the current state of the economy is a lack of competition due to monopolies. When there are fewer players in a given market we get higher prices and record profits, which is what we have today. Bust up the mega corporations.

During Covid the mom & pop hardware store was forced to close and Home Depot had 400 cars in the parking lot when all that stimulus cash was handed out.

Same goes for restaurants….



Very sad and pathetic.