REMINDER: THE ARENA PLATFORM, INC. has no obligation to monitor the Forums. However, THE ARENA PLATFORM, INC. reserves the right to review any materials submitted to or posted on the Forums, and remove, delete, redact or otherwise modify such materials, in its sole discretion and for any reason whatsoever, at any time and from time to time, without notice or further obligation to you. THE ARENA PLATFORM, INC. has no obligation to display or post any materials provided by you. THE ARENA PLATFORM, INC. reserves the right to disclose, at any time and from time to time, any information or materials that we deem necessary or appropriate to satisfy any applicable law, regulation, contract obligation, legal or dispute process or government request. Click on the following hyperlinks to further read the applicable Privacy Policy and Terms of Use.

Sidebar Sidebar

Why's Everything So Expensive?

grapedrink

grapedrink

Duke status
May 21, 2011
26,144
14,941
113
A Beach
Ifallalot said:
MMT FTW
Click to expand...
The best way it was explained to me was when someone said, “don’t think of federal deficits like a household”. That’s when it finally made sense. I thought this whole time that we were borrowing money from China or Russia or something. Turns out we are simply adding zeros on a computer and that we never have to pay it back. Winning :poop:
 
  • Like
  • Sad
Reactions: VonMeister, Havoc and Ifallalot
GromsDad

GromsDad

Duke status
Jan 21, 2014
54,674
16,530
113
West of the Atlantic. East of the ICW.
Two main reasons:

1. This is the biggest. Flooding the market with currency printed out of thin air makes every dollar worth less so it takes more dollars to buy things.
2. Government policies driving up energy prices has a ripple effect on the whole supply chain and gets passed on to consumers.
 
  • Like
Reactions: Havoc and Chocki
W

Waterlogged05

Michael Peterson status
May 14, 2005
1,927
1,822
113
"From 2000 to 2005 there was 13.4 % inflation
From 2005 to 2010 there was 11.7 % inflation
From 2010 to 2015 there was 8.7% inflation.
From 2015 to 2020 there was 9.2% inflation.
So there hasn't been that high inflation lately. Especially 2018 and 2019 where the inflation was 1.8% and 1.2% respectively.
So when 2020 had an inflation of 3.2%, mostly due to large stimulus, I don't find it that alarming, since the last 10 years the inflation has been low, and 2018 and 2019 in particular has been low
Sure. If we see a huge increase in 2021 that might be cause for worry, but if the inflation for all of 2021 lands under 3% I think we can be safe.
I think most of the scare comes from that the April inflation was 4.2% (comparing 2020 to 2021), and is the latest month we have data for.
But then again, the inflation for April 2020 was 0.3%, the second lowest of the year after may 2020 (0.1%), so a big uptick is warranted.
It's just scaremongering."

like I said before it will be awhile before supply can match demand with the covid situation
Yes, there will be some inflation but we have had historically low inflation so this isn't an end of days situation
 
  • Like
Reactions: need 4 speed and stringcheese
PRCD

PRCD

Tom Curren status
Feb 25, 2020
12,734
8,727
113
Waterlogged05 said:
"From 2000 to 2005 there was 13.4 % inflation
From 2005 to 2010 there was 11.7 % inflation
From 2010 to 2015 there was 8.7% inflation.
From 2015 to 2020 there was 9.2% inflation.
So there hasn't been that high inflation lately. Especially 2018 and 2019 where the inflation was 1.8% and 1.2% respectively.
So when 2020 had an inflation of 3.2%, mostly due to large stimulus, I don't find it that alarming, since the last 10 years the inflation has been low, and 2018 and 2019 in particular has been low
Sure. If we see a huge increase in 2021 that might be cause for worry, but if the inflation for all of 2021 lands under 3% I think we can be safe.
I think most of the scare comes from that the April inflation was 4.2% (comparing 2020 to 2021), and is the latest month we have data for.
But then again, the inflation for April 2020 was 0.3%, the second lowest of the year after may 2020 (0.1%), so a big uptick is warranted.
It's just scaremongering."

like I said before it will be awhile before supply can match demand with the covid situation
Yes, there will be some inflation but we have had historically low inflation so this isn't an end of days situation
Click to expand...
@Ranga just reported a 30% increase in grocery prices and y'all are telling him this is just "some inflation" or "supply not matching demand." If the latter, were people eating 30% less under COVID and now they're eating 30% more, or is this real inflation in the prices of critical goods (food)? Poor people can't absorb a 30% increase in grocery bills. We have real problems if this keeps up.
 
  • Like
Reactions: Havoc and casa_mugrienta
casa_mugrienta

casa_mugrienta

Duke status
Apr 13, 2008
43,587
18,053
113
Petak Island
Waterlogged05 said:
"From 2000 to 2005 there was 13.4 % inflation
From 2005 to 2010 there was 11.7 % inflation
From 2010 to 2015 there was 8.7% inflation.
From 2015 to 2020 there was 9.2% inflation.
So there hasn't been that high inflation lately. Especially 2018 and 2019 where the inflation was 1.8% and 1.2% respectively.
So when 2020 had an inflation of 3.2%, mostly due to large stimulus, I don't find it that alarming, since the last 10 years the inflation has been low, and 2018 and 2019 in particular has been low
Sure. If we see a huge increase in 2021 that might be cause for worry, but if the inflation for all of 2021 lands under 3% I think we can be safe.
I think most of the scare comes from that the April inflation was 4.2% (comparing 2020 to 2021), and is the latest month we have data for.
But then again, the inflation for April 2020 was 0.3%, the second lowest of the year after may 2020 (0.1%), so a big uptick is warranted.
It's just scaremongering."

like I said before it will be awhile before supply can match demand with the covid situation
Yes, there will be some inflation but we have had historically low inflation so this isn't an end of days situation
Click to expand...
I normally pay $4.99 for a pack of chicken cutlets where I shop. They're now $5.99

Paying $2.00/lb more for ground lamb ($5.49 to $7.49)

etc.

Last week's grocery bill was "WTF!?" larger and we didn't shop any different than normal.

Among the increase in other things listed.

The price increases have been glaring.

Much more than 3%.
 
  • Like
Reactions: Havoc and r32
PRCD

PRCD

Tom Curren status
Feb 25, 2020
12,734
8,727
113
casa_mugrienta said:
I normally pay $4.99 for a pack of chicken cutlets where I shop. They're now $5.99

Paying $2.00/lb more for ground lamb ($5.49 to $7.49)

etc.

Last week's grocery bill was "WTF!?" larger and we didn't shop any different than normal.

Among the increase in other things listed.

The price increases have been glaring.

Much more than 3%.
Click to expand...
whipeepo have no idea what they spend on anything.
 
  • Like
Reactions: casa_mugrienta
W

Waterlogged05

Michael Peterson status
May 14, 2005
1,927
1,822
113
there is def inflation but the supply chain is thrashed right now.
After summer we can get a better gauge, things are up near me but not nearly that bad in Texas.
We have been "open" a lot longer so that might have something to do with it.
Most of our price spieks are related to the housing stuff/ chip shotages but my groceries haven't been much different besides things being out of stock occasionally

Casa you are Socal right? interesting.
 
  • Like
Reactions: Havoc and casa_mugrienta
Autoprax

Autoprax

Duke status
Jan 24, 2011
68,558
23,253
113
62
Vagina Point
casa_mugrienta said:
I normally pay $4.99 for a pack of chicken cutlets where I shop. They're now $5.99

Paying $2.00/lb more for ground lamb ($5.49 to $7.49)

etc.

Last week's grocery bill was "WTF!?" larger and we didn't shop any different than normal.

Among the increase in other things listed.

The price increases have been glaring.

Much more than 3%.
Click to expand...
I never buy factory farmed meat so I always spend a fortune.

Go to a chicken processing plant and you won't want to eat chicken anymore.
 
  • Like
Reactions: Aruka
You must log in or register to reply here.

Share this page

Share this page
Top Bottom