And the dam breaks...

[cute fuzzy bunny]

Costco has always had roast chicken for $4.99, pizza for $7.99-8.99, and of course the venerable hotdog and a drink for $1.50.

The chicken just went up to $5.99 and the pizza to $9.99. So far the hotdog is safe from a price increase.

 

[W2R]

Costco has always had roast chicken for $4.99, pizza for $7.99-8.99, and of course the venerable hotdog and a drink for $1.50.

The chicken just went up to $5.99 and the pizza to $9.99. So far the hotdog is safe from a price increase.

You never know exactly what's IN a hotdog, though. Prices at my grocery store have been going up from their already astronomical prices, too. Rotisserie chickens went up a buck (and they look scrawny), and I noticed quite a few other increases as well.

I thought this post was going to be about the levee that broke in Nevada, flooding hundreds of homes. Some storm you're having!

 

[cute fuzzy bunny]

We got a good dose yesterday. 70mph winds, sideways rain and hail, lots of stuff blown down and over. Worst wind in 60 years.

These items have sort of been costco's "loss leaders" to get people to come into the store, figuring they'll load up with other stuff while they're there. And it works. I'll go there for a huge pizza or a big roast chicken for a buck or two less than the supermarket, and I cant walk out of the place without spending $100+.

Gabe got a giant yellow RC truck yesterday. It was either that or the gas powered red dune buggy he was sitting in.

One of those indicators of inflation (to me anyhow) is when a company jacks up the prices on their loss leaders.

The hot dogs are the large dinner sized kosher all beefs on a sesame bun. With a refillable drink for $1.50 its the best lunch deal in town. If a costco near you has an outdoor food service counter (the one in Santa Clara CA does), you dont even need a membership.

 

[free4now]

We don't have roast chicken at our city Costco, but I have been noticing price increases on staple foods like milk and eggs at most of the grocery markets out here.

On the other hand I just went shopping at Mervyn's and was amazed at how low the clothing prices are now with the cheap Chinese labor. I've seen several nice new real suede jackets for about $30 recently, at Mervyn's and Costco. I've been shopping used clothing stores for the same item and it costs $20-25 used in much worse condition, and out of style. I think clothing is fast becoming disposable, not worth the trouble of selling secondhand.

 

[A854321]

My gawd- this means we've hit 20% inflation.

I wish I had started a personal inflation spreadsheet about 5 years ago- with my most commonly purchased or most important items.

I'd love to be able to have a real personal inflation rate to use to calculate future income requirements, rather than the stupid CPI.

 

[jazz4cash]

hmm. Sam's club has the best roast chickens I've ever had for $4.85.....I'll be checking next week for price increase. Inflation is bad...stagflation is worse...check the other thread.

 

[CyclingInvestor]

Pizza at Long Beach,CA Costco have been $9.99 for a while - years, I think

 

[Bikerdude]

We don't have roast chicken at our city Costco, but I have been noticing price increases on staple foods like milk and eggs at most of the grocery markets out here.

The price of corn is being blamed for most of the food increases. Trying to get out of one pickle is getting us into another .

 

[Dawg52]

Little Caesars large 1 toping pizza still going for $5.

 

[73ss454]

Little Caesars large 1 toping pizza still going for $5.

Now Dawg, that's not Pizza!

 

[maddythebeagle]

The price of corn is being blamed for most of the food increases. Trying to get out of one pickle is getting us into another .

Yeah...dang ethanol...Quite a few people around us selling horses since the cost of hay is up, also....more land being used for corn

 

[barbarus]

You fools! This is FOOD!!! This does NOT count as inflation.

Just call Ben Bernanke and he'll set ya straight.

What kind of America-hating Bolsheviks are you guys spreading this kind of hearsay.

You're going to take some more rate cuts and like it, by golly.

No price is too high to pay to support the PTB.

When the going gets tough, the tough go shopping.

 

[Helena]

I just paid $2.30 for a medium jar of Jif peanut butter...
the last time I bought it [several months ago]... I paid
$1.69.

How much corn goes into a jar of peanut butter ?

 

[Delawaredave5]

I think clothing is fast becoming disposable, not worth the trouble of selling secondhand.

I read somewhere that Goodwill takes in huge excesses of clothing that they cannot sell in the US - and they "wholesale" used clothing to other parts of the world for pennies a pound.

 

[free4now]

Maybe the goodwill clothes go to the poor chinese workers that produce our garmets?

 

[FUEGO]

Our sam's club pizza just went from 7.97 to 8.97. Still the best deal in town. I did notice today that 18 eggs are barely under $3 now. It wasn't more than 4-5 years ago when we paid $1 for a dozen. However lots of stuff hasn't seen major price increases.

Looks like we all might be eating super expensive canned cat food in retirement, huh? Until that gets too expensive. Maybe I can eat electronics and clothes!

 

[Notmuchlonger]

One thing that caught my eye. Is fricken Asparagus. I realize its not in season but wow 6.99

 

[Rambler]

I just paid $2.30 for a medium jar of Jif peanut butter...
the last time I bought it [several months ago]... I paid
$1.69.

How much corn goes into a jar of peanut butter ?

Not much, but you may be surprised. There are six varieties of Jif, two of which contain "corn syrup solids". Lots of things have corn derivatives in them, esp. corn syrup as a sweetener.

R

 

[mathjak107]

Costco has always had roast chicken for $4.99, pizza for $7.99-8.99, and of course the venerable hotdog and a drink for $1.50.

The chicken just went up to $5.99 and the pizza to $9.99. So far the hotdog is safe from a price increase.

ive always said the most accurate inflation indicator is the pizza index. the cost of a slice of pizza really does seem to be pretty accurate here in new york city

 

[mathjak107]

Maybe the goodwill clothes go to the poor chinese workers that produce our garmets?

i sure hope so its got to be better than the crap they make on their own.

 

[OAG]

Interesting Numbers and, in some cases, scary: Commodity NewsCenter - Food Inflation

 

[Delawaredave5]

Guy I know lives in both US and Germany - just spent a month in Germany - he said food pricing has dramatically "flip flopped" - US used to be cheaper, now his food budget for the month was much cheaper in Germany versus US.

He felt Germany was cheaper even "after" the currency impact.

Don't have any "hard examples" to post - the food products are different and less directly comparable.

 

[uncledrz]

I've noticed that the price of chicken breast, boneless and skinless has risen in the past 6 months from $3.69-3.89 a pound to $4.69. That's quite an increase. Milk is up from $2.69 to $3.49. Yet salmon, farm raised, is still about $6-8 and wild (when available here-I'm in the Midwest) is $12-18. So prices are up.

One thing I don't really understand is the price of gas. Still around $3 a gallon, where it was when oil was $60 a barrel. Go figure.

 

[cantlogin]

I just paid $2.30 for a medium jar of Jif peanut butter...
the last time I bought it [several months ago]... I paid
$1.69.

How much corn goes into a jar of peanut butter ?

It need not contain any corn to be effected. Agricultural production has been shifted to corn on the speculation of high demand for ethanol. Other commodities rise in price to offset the opportunity cost of NOT switching to corn production. Sunflower acreage has been shifted to growing corn. Birdseed prices have increased dramatically because of the reduced supply of sunflower seed.

 

[Maneiac]

Quite a few people around us selling horses since the cost of hay is up, also....more land being used for corn

Oh Goody.....DW is a Teacher so she will be glad to hear the price of glue will be going down