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Inflation [not politics.. mostly]

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May 18, 2022 - 10:06:09 AM

donc

Canada

6926 posts since 2/9/2010

May 18, 2022 - 11:01:30 AM
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banjo bill-e

Tuvalu

12233 posts since 2/22/2007

Linky no worky

May 18, 2022 - 12:46:17 PM
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480 posts since 4/11/2019

Linky no worky

EXACTLY. Inflation is so bad even the link can't show how horrible it really is.

May 18, 2022 - 1:04:28 PM
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434 posts since 10/3/2012

Inflation is so bad… I left $5 under my kid’s pillow last night from the tooth fairy. This morning when he woke up, if was only worth a dime.

May 18, 2022 - 2:24:55 PM
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Texasbanjo (Moderator)

USA

27364 posts since 8/3/2003

Seriously, folks, everything is going up so fast it makes my head spin and my pocketbook empty.

I got the bill for my auto insurance Friday and it had gone up $150 ($300 more for a year). That's ridiculous, in fact, it almost doubled in price. No tickets, no wrecks, just an "adjustment" for the insurance companies.

Every time I go to the grocery store, I buy less and it costs more. Forget about beef, I can't afford it. Sea food is even worse in price. Chicken is going up in price, eggs are up, bread is up.... well, you get the idea.

At club today the ladies were complaining about the cost of gasoline and the price of eating out, getting fast food, getting anything delivered, the lack of certain items in the stores.

It's getting completely out of hand.

May 18, 2022 - 2:31:26 PM
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434 posts since 10/3/2012

What irks me is the news media reports groceries are up 10%. Judging from what my wife and I spend on groceries now, compared to pre pandemic, I would say a minimum of 60% is more like it. We are not idiots. We know what things used to cost in the not so distant past.

May 18, 2022 - 2:41:59 PM
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Brian T

Canada

19249 posts since 6/5/2008

Bought a variety of fresh veg. Shocking prices. About a cup of raspberries was $6.00.
A handful of asparagus was $10.00. Limes were a dollar each!!!!

My shopper is sympathetic but I send her off with a debit card and a list.
She can squander other people's money and not blink.

For us, it's the sudden big fuel cost hit for transportation. Easy 15% increase.
Our nearest limes must be California?

May 18, 2022 - 2:57:54 PM
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rcc56

USA

4228 posts since 2/20/2016

How bad is it? Pretty [blank] bad. If it gets much worse, I'll have to park the car and eat rice and beans.
Groceries are up at least 50% from 2 years ago. Many items, including beef, are up a lot more.
A dinner at a nice restaurant is now out of the budget.
 

Edited by - rcc56 on 05/18/2022 15:10:01

May 18, 2022 - 3:37:54 PM
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Owen

Canada

11221 posts since 6/5/2011

A Winnipeg supermarket has adopted the schpiel that: 'Prices are "locked in".... so you don't pay more than you should!'   

If they say it, that's good enuff for me.... and besides he's got a pleasant/honest (?) face.  wink

May 18, 2022 - 3:55:44 PM

Owen

Canada

11221 posts since 6/5/2011

   Ooops... edited out a double post made while intending to add to it:

Edit: From time to time it crosses my mind that I'm a little bit thankful I'm not part of a marginalized/disadvantaged group ...... at least not just yet.

Edited by - Owen on 05/18/2022 16:00:01

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May 18, 2022 - 5:32:28 PM
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STUD

USA

35829 posts since 3/5/2008

I just saw an segment of news... that gas pumps are starting to be programmed to..accept..
Double digit..numbers..


Not to hard to figure out what that may mean... :0/
I'm quite sure the tecnitions just needed practice at...programming...right..?

Edited by - STUD on 05/18/2022 17:34:14

May 18, 2022 - 6:08:16 PM
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27 posts since 11/7/2008

I’m leaving for Europe next week for 2 months vacation , I was already warned gas is $8 per gallon , not looking forward to that … the world financial system is being turned upside down by it’s owners , big reset is on its way , hold on to your britches , we're in for a bumpy ride lol

Edited by - damirzanne on 05/18/2022 18:10:24

May 19, 2022 - 7:45:33 AM

7960 posts since 9/5/2006

quote:
Originally posted by Texasbanjo

Seriously, folks, everything is going up so fast it makes my head spin and my pocketbook empty.

I got the bill for my auto insurance Friday and it had gone up $150 ($300 more for a year). That's ridiculous, in fact, it almost doubled in price. No tickets, no wrecks, just an "adjustment" for the insurance companies.

Every time I go to the grocery store, I buy less and it costs more. Forget about beef, I can't afford it. Sea food is even worse in price. Chicken is going up in price, eggs are up, bread is up.... well, you get the idea.

At club today the ladies were complaining about the cost of gasoline and the price of eating out, getting fast food, getting anything delivered, the lack of certain items in the stores.

It's getting completely out of hand.


nancy did they give a reason for the "adjustment" in the rate ?  sounds fishy to me.. i just paid ours for the next 6 months and its is the same as last year.. with a couple of dollars anyway.  i would want a dang good explanation for that kind of price hike !!

since her mom moved in our grocery bill increased anyway,,but the last 6 months it has went up around 30%  on average,,which really hurts along with gas,,my wife drives 38 miles one way to work everyday..i don't go out unless i have several chores and stops lined up together.

Edited by - 1935tb-11 on 05/19/2022 07:48:23

May 19, 2022 - 8:07:50 AM

kd8tzc

USA

309 posts since 4/11/2022

Yesterday, I went to the gas station to fill up my 5 gallon gas can for the lawn mower... I spent over $20 to just get gas for my lawnmower... crazy!

May 19, 2022 - 8:23:16 AM
Players Union Member

Texasbanjo (Moderator)

USA

27364 posts since 8/3/2003

quote:
Originally posted by 1935tb-11
did they give a reason for the "adjustment" in the rate ?  sounds fishy to me.. i just paid ours for the next 6 months and its is the same as last year.. with a couple of dollars anyway.  i would want a dang good explanation for that kind of price hike !!

since her mom moved in our grocery bill increased anyway,,but the last 6 months it has went up around 30%  on average,,which really hurts along with gas,,my wife drives 38 miles one way to work everyday..i don't go out unless i have several chores and stops lined up together.


I definitely asked questions and was told it was a rate change.  I checked with a couple of other well known car insurance companies and their offer was as much or more.    Maybe it's just for my state or my area?  I don't know.  

However, I'm now looking at AARP, Geico or one of the e-insurance types (and I don't like doing business over the internet). 

May 19, 2022 - 8:40:15 AM

7960 posts since 9/5/2006

quote:
Originally posted by kd8tzc

Yesterday, I went to the gas station to fill up my 5 gallon gas can for the lawn mower... I spent over $20 to just get gas for my lawnmower... crazy!


yep just got 5 gallons in one can and  2 gallons in another for 2 cycle mix ,,, 93 oct.  37 bucks

Edited by - 1935tb-11 on 05/19/2022 08:40:50

May 19, 2022 - 8:43:47 AM

Owen

Canada

11221 posts since 6/5/2011

I'm no economist; could the rate change (?) be same old, same old ... charge what the market will bear??

May 19, 2022 - 8:50:53 AM

7960 posts since 9/5/2006

quote:
Originally posted by Owen

I'm no economist; could the rate change (?) be same old, same old ... charge what the market will bear??


the oil and gas market kinda got you by the short hairs ,,you can go spend many thousands on an electric vehicle for the long term or pay what they want to charge for fuel for the here and now. most folks are gonna pay what ever is on the pump because they got to have it to at a minimum get to work and back.

May 19, 2022 - 9:29:24 AM

STUD

USA

35829 posts since 3/5/2008

News Flash.........
The Electric Bill is going up fast...too...

May 19, 2022 - 11:01:22 AM
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kd8tzc

USA

309 posts since 4/11/2022

quote:
Originally posted by Owen

I'm no economist; could the rate change (?) be same old, same old ... charge what the market will bear??


The way they work interest rates is to reduce borrowing.  What this does in turn is prevent people from financing things, which, in theory should make prices fall.  At least that is what I was taught back in business school.  Unfortunately, it's not like flipping a light switch and it will lag quite some time and doesn't help us all in the moment.

I think they are blaming the gas prices on the fact that some European countries are no longer buying Russian oil.  Okay, but oil prices were high even before the Russian & Ukrainin war,

May 19, 2022 - 11:21:30 AM
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TN Time

USA

283 posts since 12/6/2021

Don't panic folks. Things will get better.

Robert

May 19, 2022 - 11:23:04 AM
Players Union Member

Texasbanjo (Moderator)

USA

27364 posts since 8/3/2003

Went to Walmart and the grocery store this morning. Gas was up from $3.89 to $4.14 in 2 days. Everything I bought at the grocery store was up at least 10 cents and some more than that. Lemon Lime soda that I like went from .69 to .94 in less than a week. Bread was up over 20 cents.... I could go on and on, but you get the idea.

It's to the point now where I look at the price of something and decide whether I really need it or not. In other words, no more Fritos, Potato Chips, dips, cookies, candy. Well, I needed to lose a few pounds anyway.

I doubt it's going to get any better, in fact, I fear it's going to get worse.

May 19, 2022 - 11:54:16 AM
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kd8tzc

USA

309 posts since 4/11/2022

quote:
Originally posted by TN Time

Don't panic folks. Things will get better.

Robert


It always does.  I look at this and the health issue the world just went through, and wonder if this is what it was like for my grandparents who lived during the Spanish Flu, the stock market crash in the early 20th century followed by the great recession then all the rationing during world war 2.

I know the wife and I along with our grown kids, and their families were all planning on going to the Outer Banks this summer, but those plans are now off the table due to prices going up.  I'm sure we are not alone in doing that and those people who rent houses and the like I'm sure this summer are going to feel the hit.  I know things will get better, but I'm sure we are in for tougher days ahead. 

We also were going to add onto our house to put an in-law suite on for my in-laws as they are getting up in their years and need some looking after.  With the cost of construction, and interest rates though, they wanted us to pay almost half of what our house is worth just for a 460 sq foot addition.  Mind you, we have a 3,200 sq house, so we thought that was nuts, but the cost of lumber and building materials is crazy too.  I'm glad we refinanced a few years back when the interest rates were really low.  I have friends who are looking to downsize because they can get a lot for their home, but the smaller home they are looking at is still going to be more than what their current house was worth 2 years ago.  I'm not sure that is such a great idea.

May 19, 2022 - 12:35:56 PM
Players Union Member

banjo bill-e

Tuvalu

12233 posts since 2/22/2007

The thread title reads "Inflation (not politics, mostly)" but inflation is caused---always---by government action. We all tend get bent out of shape over taxes, yet a huge percentage of our assets has been taken from us without any new tax legislation passed at all. That is way better than taxes because nobody accepts any blame---"corporate greed!" they cry as they point fingers in any other direction. But oil corporations were just as greedy when prices were low, and grocery conglomerates are always trying to squeeze every penny----now why did those greedy businesses not just raise prices two years ago? Ten years ago? Why did they suddenly get so greedy?
Or did our currency become worth much less because "we" spent what we did not have to spend? Forty billion for Ukraine, but we don't have the forty billion? No problem, just write the check, we can borrow it from China! (but we can't pay it back, and they know it)

May 23, 2022 - 6:18:44 AM

Owen

Canada

11221 posts since 6/5/2011

We typically buy our cackle berries at the yocal [smallish] supermarket  .... "large" size, 18/carton. With the last couple I, and my wife, have noticed that they're noticeably smaller.... in the pan and they "wobble" more in the carton.  Fwiw, I checked and the cartons are still labeled "large".   

...anybody else see (?) this?

I haven't spoken to anybody connected to the store about it.... yet. 

Edited by - Owen on 05/23/2022 06:26:21

May 23, 2022 - 6:29:59 AM

STUD

USA

35829 posts since 3/5/2008

Down sizing...? ;0)

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