Inflation of common items since 2021

PWMDMD said:
Hmmm...click on the 5 year and they all look grossly similar. I do wonder how that could be if this is a uniquely American problem.

https://tradingeconomics.com/united-states/inflation-cpi

https://tradingeconomics.com/canada/inflation-cpi

https://tradingeconomics.com/euro-area/inflation-cpi

https://tradingeconomics.com/australia/inflation-cpi
Click to expand...
Given the US dollar is the world's reserve currency, and most global transactions and global debt are denominated in dollars, this should not be much of a surprise to anyone.
 
SC Maintenance said:
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.

Click to expand...

At leat we aren't paying $11.5 dollars per gallon like they do in Norway. I'd revolt if gas was that high.
 
buster said:
I'm not convinced it is. Have you heard of MMT? Modern Monetary Theory.

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

"How Does MMT Deal With Inflation from Money Creation?
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Theory it is, nothing more and it is not proven... but... here it is in their own "doctrine"
Isn't that what the national debt is about? What steps have we taken to reduce government spending? None, we lay it on the back of the Federal Reserve.
Nothing wrong if you believe in a theory. Based on last post you can see I don't.
Through in the two politicians who are believers I am say this theory will doom the youth for sure. But it will never happen. We all have our thoughts, those are mine, but your post is informative.

This is a direct quote from your link on the theory;

"Modern monetary theory proponents argue that high inflation rates should not occur unless there is full employment in the economy. But, if the government spends too much, the excess demand will also cause inflation. In either case, MMT suggests that inflation can be curtailed by reducing government spending and raising taxes."
 
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Dave Hess said:
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.
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That is the best thing for you. No one needs that garbage at least eat reasonable.
 
alarmguy said:
In either case, MMT suggests that inflation can be curtailed by reducing government spending and raising taxes."
Click to expand...
I will point out that prior to the 1970's economic theory was pretty adamant that stagflation could not exist. That if prices continued to go higher, employers would simply hire more workers so unemployment would decline. Boy did they get that one wrong....

So I place not much faith in untested theories.
 
shrubs, plants, trees and such at the garden store, Holy cow :oops:. Probably was 2019 ish since I last tried to buy some nice stuff... I don't have exact 2019 vs 2024 #s, but 100% they were not like this: Example, purchased this weekend

24" Japanese Maple (Smallest size they sell)
48" Weeping Canadian spruce
one small potted fern + one medium potted perrenial
4 bags of top soil and such
2 SMALL bags of plant fertilizer
_____________________________________________________________
$350 (And I didn't even get the fancy. "expensive" ones)
 
Speedbird001 said:
shrubs, plants, trees and such at the garden store, Holy cow :oops:. Probably was 2019 ish since I last tried to buy some nice stuff... I don't have exact 2019 vs 2024 #s, but 100% they were not like this: Example, purchased this weekend

24" Japanese Maple (Smallest size they sell)
48" Weeping Canadian spruce
small potted annual
medium potted perrenial
2 bags top soil, 1 bag each of leaf organic stuff and cow manure
2 SMALL bags of plant fertilizer
_____________________________________________________________
$350
Click to expand...
Yep - been trying to repair landscaping from two big freezes - it’s insane. Pool chemicals are criminal …
 
4WD said:
Yep - been trying to repair landscaping from two big freezes - it’s insane. Pool chemicals are criminal …
Click to expand...
All you really need is a good test kit, liquid chlorine, muriatic acid and baking soda to keep your pool water in excellent shape. No “pool chemicals” needed.

This is an excellent resource that I highly recommend to anyone willing to step outside of the “go to Leslie’s and dump whatever they say into my water”.


https://www.troublefreepool.com/blog/pool-school/
 
alarmguy said:
Theory it is, nothing more and it is not proven... but... here it is in their own "doctrine"
Isn't that what the national debt is about? What steps have we taken to reduce government spending? None, we lay it on the back of the Federal Reserve.
Nothing wrong if you believe in a theory. Based on last post you can see I don't.
Through in the two politicians who are believers I am say this theory will doom the youth for sure. But it will never happen. We all have our thoughts, those are mine, but your post is informative.

This is a direct quote from your link on the theory;

"Modern monetary theory proponents argue that high inflation rates should not occur unless there is full employment in the economy. But, if the government spends too much, the excess demand will also cause inflation. In either case, MMT suggests that inflation can be curtailed by reducing government spending and raising taxes."
Click to expand...

One of the biggest blind spots with MMT is the assumption one can know what prices should be. That's impossible. The other blind spot is that they can gather enough information in real time to immediately determine when to raise/lower taxes. That's currently impossible.
 
BMWTurboDzl said:
One of the biggest blind spots with MMT is the assumption one can know what prices should be. That's impossible. The other blind spot is that they can gather enough information in real time to immediately determine when to raise/lower taxes. That's currently impossible.
Click to expand...
MMT is not a economic theory - its a social theory with no basis in economics. Its basis is the idea that the government can spend as much money as they want, because their debt does not matter.

This has clearly been proven false many, many times. Most currently Venezuala, Argentina and Turkey seem to be proving this wrong in real time, but you can go back to Weimer, or the UK in the 1930's or whatever.
 
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