Prices of everything going up, uP, UP

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ToyotaNSaturn

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Welcome to hyperinflation. Besides the obvious reaming at the gas pump, here's some other items that are now far too much to warrant purchasing any longer:

1 lb of coffee that my wife likes, $9.99 before, $14.75 now.
Decaf that I like, $10.99, now the same $14.75.

48 ct granola bars, was $7.48, now $9.79.

Subway $5.00 foot long special. Only 2 flavor options remain on the menu, thankfully the one I like, the Oven Roasted Chicken is still there. All others moved to $7.00 price. Chips and drink extra.

Replacement toilet for our home bathroom, regular price last year, $99, today $129.

No wonder why McDonalds is hiring like crazy, it's all that people can afford. Uggh.
 
Man I hear ya!!!

My wife loves a certain flavor Folger's coffee but the price is so high she switched to Maxwell House....just a couple bucks cheaper.

Not to mention that what hasn't gone up....or where the price is the same as before....the package has shrunk in size.

Just going to get worse...
 
Trickle down effect - high energy costs affect the cost of goods sold so after the profit margin add-ons, the prices jump. Unfortunately, it's a 'ratchet effect' where prices go up but do not usually come down.
 
Originally Posted By: Tempest
Quote:
high energy costs affect the cost of goods

What is causing the high energy costs?


Mars exploration.
 
I completely agree. Just in the past year....

Health insurance, up 19%
Gasoline, up 30%
Natural Gas, up 12%
Electricity, up over 10%
Water/Sewage, up over 10%
 
We were warned this would happen. It's happening as predicted. I can't say anymore otherwise I'll have another post that is deleted from the forum.
 
Originally Posted By: bepperb
Falling value of the dollar due to things not to be discussed on this forum.



Like printing too many of them........
 
Originally Posted By: kb01
I completely agree. Just in the past year....

Health insurance, up 19%
Gasoline, up 30%
Natural Gas, up 12%
Electricity, up over 10%
Water/Sewage, up over 10%


+1
 
Originally Posted By: bepperb
Falling value of the dollar due to things not to be discussed on this forum.


As well as bad weather related crop lost, and war related transportation stall, and people in China and India getting richer and want to consume like we do.

Rubber, cocoa, coffee, grains, etc are all crops that have some problematic harvest or transportation. Dairy seems to have raised in price because they were overproduced last several years and then farmer start sending dairy cows to slaughter houses.

Then you add the energy cost to produce or process all these things. Money supply does make a difference, but it is not the only thing.
 
We live close to the Florida line and visit there often especially in late Spring, Summer, and early Fall months.

While there we stop at Wal-Mart and load up of their store brand of Coffee as Coffee and Tea are not taxed in Florida. It's not bad.

If like stretching it some put in an electric coffee grinder and by grinding it some more it goes further. Helps flavor some too.

You can also add some fresh coffee to the old grounds for a 2nd pot and save.

I can remember when a cup of coffee was 5 cents back in the "Good Old Days".

Hope that we can bring back more rail and barge shipments of stuff and get all those long haul trucks off of the roads.

Fuel sir charges by shippers cause everything to cost more.
 
Originally Posted By: PandaBear
Originally Posted By: bepperb
Falling value of the dollar due to things not to be discussed on this forum.


As well as bad weather related crop lost, and war related transportation stall, and people in China and India getting richer and want to consume like we do.

Rubber, cocoa, coffee, grains, etc are all crops that have some problematic harvest or transportation. Dairy seems to have raised in price because they were overproduced last several years and then farmer start sending dairy cows to slaughter houses.

Then you add the energy cost to produce or process all these things. Money supply does make a difference, but it is not the only thing.


Exchange rate is not a factor if you look at the historical rates for the US Dollar. At best, it could be a minor player.


http://www.oanda.com/currency/historical-rates/

Is Fox News peddling the exchange rate story nowadays? There seem to be a suspicious number of uninformed posts about the exchange rates lately.
 
I buy W/M brand food as much as I can and save about 50% on those items.I LIVE of their coffee,but I thought no food products were taxed ANYWHERE....where have I been?
 
This is not even lose to being hyperinflation. An expanding money supply does not mean inflation. Inflation is too much money chasing too few of goods. Right now we have 13 million or more out of work. The dollar is not at historic lows and will rebound as the economy strengthens, assuming it will.

Speculation is part of why commodities have gone up. Emerging markets and supply/demand as well.

http://www.foreignpolicy.com/articles/2011/04/27/how_goldman_sachs_created_the_food_crisis?page=0%2C0&sms_ss=facebook&at_xt=4dc15456bffabe66%2C0
 
Originally Posted By: FL_Rob
I buy W/M brand food as much as I can and save about 50% on those items.I LIVE of their coffee,but I thought no food products were taxed ANYWHERE....where have I been?


Usually, the essential foods are not taxed. Non-essentials are taxed if the state has a sales tax.
 
Hyperinflation is a rare event. Core inflation is rather low right now. It will go up as the economy recovers.
 
If banks aren't lending much, and consumers are not spending, it's more of a deflationary not inflationary environment.

People put their money in commodities on the false belief that an increase in
bank reserves = inflation. QE doesn't work. Milton Friedmans monetarism is a failure. Calling Keynes.....

Now would be an ideal time for a significant fiscal response like a full payroll tax holiday.
 
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