Examples of current inflation - add yours!

Who would ever have guessed that when price goes up, demand goes down, which then leads to lower prices? It's like magic or something.

www.yahoo.com

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. “While inflation is down, prices are still high, and I think consumers have gotten to the point where they’re just not accepting it,” Tom Barkin, president of the...
www.yahoo.com www.yahoo.com
 
Screenshot at 2024-08-12 15-58-42.png

I bit of deflation, $1.49 is the lowest price I have seen yet, probably lower than pre-pandemic.
 
Chicken has been highly volatile, pre- and post-pandemic. Something about bird flu or other such illnesses wiping out supply. Good to see it's on the low end for now, but don't expect it to last. It's hard to count that as related to inflation or deflation in any meaningful way. Plus I never count loss leaders.
 
I am REALLY getting frustrated with the impacts of inflation/shrinkflation.
We already downshifted from supermarkets to Walmart only, and within that from national brands to Walmarts store brand "Great Value". Bread is up 51.5%(!) since April 2023.

It's not just less-for-more shrinkflation... now the quality is going down the toilet. I gave up OJ for a powdered orange "drink"... the latest package of powder I opened is a completely different color and tastes very diluted/watery. The spaghetti sauce is now very watery... a plate of pasta becomes a puddle of water as the sauce gets strained after its placed on top of the pasta.

Going into 2019 I was finally feeling as though retirement was going to work out. Interest income was a whopping 3%, inflation (what I measure, I don't care what CPI-SCAM the gov reports) was pretty much flat... now I'm at 12.7% PER YEAR inflation and all the levers to adjust have already been pulled. As a frugal saver, there weren't any $7 lattes to be cut. Now my assets while still supposedly going up on paper, my spending power is 66% of what it was 4 years ago. That must stop and there is nothing on the horizon to suggest it will stop.

The only levers left are:
  • drop one of the cell phones... not really an option as I have have one for 2FA and asking my wife to drop hers would be a non-starter.
  • drop internet (already dropped cable TV... don't have an streaming services)
  • drop homeowners insurance... sounds like blasphemy.
  • the county will disagree if I stop paying property taxes
  • Going back to work would only slow the bleeding and then only for a short time.
I'm going to have to quit typing as it's just going to raise my blood pressure.
 
CaptTom said:
Chicken has been highly volatile, pre- and post-pandemic. Something about bird flu or other such illnesses wiping out supply. Good to see it's on the low end for now, but don't expect it to last. It's hard to count that as related to inflation or deflation in any meaningful way. Plus I never count loss leaders.
Click to expand...
Well, eggs are way up here. Edit: I see your post was 2 or 3 weeks ago, so I guess they are just back on the rise again.

1725297052594.png
 
I was grocery shopping a few days ago and my 10 ounce bag of coffee went from 6 to 8 dollars. I only drink 2 cups a day so like decent coffee. My dog insurance went up 17/month, my car insurance 20%, both Medicare part b and my supplement go up yearly. My condo fees go up 5% a year. I’m now eating the cheapest yogurt I can find and only drinking half a small glass of OJ for breakfast. Spock I totally understand what you’re experiencing.
 
I came across a funny (to me anyways) that I've modified a little:
"Inflation is higher than Snoop Dog discussing the national debt with Cheech and Chong."

(fitting for my 2,000th post here)
 
I'm actually seeing some of the more outrageous price increases being backed off. These were increases I knew were just opportunistic, and I refused to pay. Apparently I'm not alone, because the prices are now being "rolled back" (to use Walmart's marketing BS term, but it's not just there) closer to what they were before the big price spike, and even in a few cases, the same as they were.
 
Spock, you still have a few more levers - stop buying processed or pre made food and make your own. For example, that pasta sauce sounds awful. A 28 oz can of whole peeled tomatoes or crushed tomatoes (if you like a thicker sauce with less pieces of tomato) along with some fried garlic and onion, salt/pepper/dried basil to taste, will make 4 servings of an incredible home made sauce for under 2 bucks. It’s only logic, my friend and it’s fun as well.
 
Deflation continues in technology. Three years ago I bought Moto G Play 2021 phones for DW and I for $179 each. I have just replaced them with Moto G Play 2024 phones. Twice as much memory , faster processor, better camera, lighter. Cost was $128 each.
 
CarbonaNotGlue said:
Spock, you still have a few more levers - stop buying processed or pre made food and make your own. For example, that pasta sauce sounds awful. A 28 oz can of whole peeled tomatoes or crushed tomatoes (if you like a thicker sauce with less pieces of tomato) along with some fried garlic and onion, salt/pepper/dried basil to taste, will make 4 servings of an incredible home made sauce for under 2 bucks. It’s only logic, my friend and it’s fun as well.
Click to expand...
I'll do you one better. We used to make our own pasta sauce from the neighbors surplus garden tomatoes (free produce). Amortizing the cost of the canner, supplies, and fuel showed home made to be much higher than the occasional splurge on a jar of Prego.
 
jollystomper said:
Deflation continues in technology. Three years ago I bought Moto G Play 2021 phones for DW and I for $179 each. I have just replaced them with Moto G Play 2024 phones. Twice as much memory , faster processor, better camera, lighter. Cost was $128 each.
Click to expand...
I bought a Moto G7 Plus in 2021 with 4 GB RAM / 64 GB ROM, which seemed like a good amount back then, for $119.99 plus tax:

1725328145417.png
 
Spock said:
I'll do you one better. We used to make our own pasta sauce from the neighbors surplus garden tomatoes (free produce). Amortizing the cost of the canner, supplies, and fuel showed home made to be much higher than the occasional splurge on a jar of Prego.
Click to expand...
I actually make my own spaghetti sauce in a crockpot and make a huge batch. Then I freeze it in containers that will feed 4 people and it makes a great economical meal for guests. It’s much easier than canning.
 
We've gone from buying Ragu/Prego to Kroger store brand. It's a bigger jar, actually tastes better, thicker/richer, and much cheaper.
 
GenXguy said:
I bought a Moto G7 Plus in 2021 with 4 GB RAM / 64 GB ROM, which seemed like a good amount back then, for $119.99 plus tax:

View attachment 52175
Click to expand...
Was that a new or used model? I am pretty sure the used models were less that the G Play 2021, according to Amazon price history. We were looking at new.
 
jollystomper said:
Was that a new or used model? I am pretty sure the used models were less that the G Play 2021, according to Amazon price history. We were looking at new.
Click to expand...
Absolutely new. Used would be like apples and oranges. I have only bought new unused phones except in the case of a used iPhone I got to run some specific apps.
 
Just ordered an 8pk of Lithium AA batteries from Amazon. Last Aug, they were $20.99 - this year, $23.87. 13.7% price increase. Looking forward to my ~2.5% increase in Social Security come Jan. :)
 
A year ago. I purchased a small wooden cabinet from Amazon. Last week DW decided she wanted another like it so I looked in my closed Amazon orders to see exactly what I bought. On August 23, 2023 I purchased the cabinet for $339. A year later the exact same cabinet is $499. That is a 47% increase in just one year. But hey, I shouldn't complain, we will be getting maybe A 3.6% increase in social security security next year.
 
Tom52 said:
....But hey, I shouldn't complain, we will be getting maybe A 3.6% increase in social security security next year.
Click to expand...
"the nonpartisan Senior Citizens League updated its 2025 Social Security COLA projection to 2.57%."
 
$44 for dry cleaning a suit and two pairs of dress pants. I guess that their service without having to get out of the car is expensive.

If I wasn't going two years between trips to the dry cleaner, I'd probably shop for a better price.
 
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