Examples of current inflation - add yours!

Yeah, same here. Groceries and so many other things, including big ticket items like car & home insurance, property taxes, and any kind of home/car maintenance.
All of those have greatly increased here to . Vet bills have gotten crazy. My 5lb dog had his teeth cleaned and didn’t need any pulled. The bill was 800.
 
I don't know a single person who earned raises like that. Most folks I know got 2% if they were lucky - at the same time that their employee health insurance premiums went up by 10-15% and deductibles/out of pocket limits shot up much higher.

I don't doubt the numbers you quoted, but you must live in a true wonderland for employees or everyone you know is an in-demand executive.

I hope you realize it's NOT the norm nationwide. Many folks are struggling and losing ground big time.
DW just got her annual 2.5% raise, lol. On a $52k salary that isn't gonna go far.

Been at the company 17years. That's how corporate America rewards people. With 2.5% raises. So glad I skip that BS and own my own company.
 
Services inflation far outpaces food and durable goods. Wait until next year when the impact of the hurricanes are paid for in peoples homeowners and car insurance.
Yeah, my neighbor was talking about watching the hurricane news and what people are dealing with there. I told him it got me thinking about how my insurance is going to go up more, even though I live in the midwest.
 
Verizon Wireless increased 5G Start by $5 per line
Bill increased by 12.3%.
.....or 6X Fed Inflation Target
 
Verizon Wireless increased 5G Start by $5 per line
Bill increased by 12.3%.
.....or 6X Fed Inflation Target
When was their last price increase? Since the Fed target is an annual rate, you can't compare your phone bill increase unless it was one year since the last increase. For example, if the 12.3% increase was from the rate established 5 years ago, then the actual annual inflation was 2.3%. And it would need to be for the exact same service, no additions.
 
Walmart 24F car battery,5 year warranty $90 2 years ago.
Now $139,with 3 year warranty.
 
Some of the inflation, negative and positive, that we have been experienced is more attributable to currency fluctions or to changes in supply.

-coffee is going up because of crop failures. Ditto for chocolate and associated products

- Argentine wine is remaining constant/going down in price becasue of fluctuations in Argentine currency

-produce that we buy from South Africa (oranges/grapefruit, etc) have gone down because of changes in S.A. Rand.

-air fares to SE Asia have increased substantially because of significant cuts in the number of flights to SE Asia, and especially to or through China.
 
One thing that most people don't take into account is that the world population and the US population increases every year, by about 0.83% and 0.53%, respectively. Ceteris paribus, if supply is constant and there are more people driving demand, the price will go up by approximately the same amount just to maintain the same standard of living. The drive to actually improve one's standard of living drives a lot of the remaining inflation. And then, as mentioned, there are exogenous forces that can decrease the supply of goods.
 
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When was their last price increase? Since the Fed target is an annual rate, you can't compare your phone bill increase unless it was one year since the last increase. For example, if the 12.3% increase was from the rate established 5 years ago, then the actual annual inflation was 2.3%. And it would need to be for the exact same service, no additions.
Gumby, thank you for your cross-examination:
Previous VZW 12.3% inflation calc based on total bill.
For the exact same VZW service (5G Start 1.0 Plan), no additions, the per line charge went from $38 to $43.
13.15% inflation.
This increase is 14mos since the last one -I'm rounding and calling it annual.
 
Gumby, thank you for your cross-examination:
Previous VZW 12.3% inflation calc based on total bill.
For the exact same VZW service (5G Start 1.0 Plan), no additions, the per line charge went from $38 to $43.
13.15% inflation.
This increase is 14mos since the last one -I'm rounding and calling it annual.
Fair enough. I ask only because I have noticed a lot of "apples to oranges" comparisons over the past few years.
 
Wow, I just encountered this last week, we were fixing trim on our deck, and 1"x6"x12' cedar boards were $60. Holy smokes, our last house (built in 1983) was completely sided in 1x8" cedar, 16' boards are $3 a foot now.

No wonder new houses are all composite everything.

That house had cedar siding, 2000 sq. ft. of redwood decking, real plywood, Pella wood framed casement windows, oak hardwood flooring, copper plumbing, it was on 8 acres, and we bought it in our 20's with $5000 down when it was 18 months old. Absolutely NONE of things would happen today.
 
I had some spot repairs done on my car's exhaust with one new very short section of pipe for $300.

Just before the pandemic, I got a whole new flex pipe and a new catalytic converter installed for $500.

Was just looking at car batteries myself. It's been almost 7 years since I bought a 5 year battery for my car. The longest warranty I can get now is 4 years. The same brand battery for 4 years is 80% higher than I paid for a 5 year battery!
 
Walmart 24F car battery,5 year warranty $90 2 years ago.
Now $139,with 3 year warranty.
Had to replace the battery in my Buick this summer. $250 installed. Three years ago, $135. It's a slightly "specialized" battery since it's installed under the rear passenger seat and requires a special venting procedure. Still, that's quite an increase in 3 years. I looked into doing it myself and the closest I could come was $225 at O'Reilley - and I had to lift the battery in (all considering my bad back.) $25 extra for installation was worth it but, really? $250 for a battery??
 
Batteries are getting spendy. Almost to the point I'll crank that thing and re-charge it a few times to make sure its GOOD AND GONE before I replace it.

Even little batteries. I'll mix and match to try and keep all these little trinkets and lights going for the kids.
 
Fair enough. I ask only because I have noticed a lot of "apples to oranges" comparisons over the past few years.
Speaking of which: Apples AND oranges are BOTH up quite a bit locally. That's primarily driven by our shipping costs. Everything comes at least 2500 miles (and usually much more.) So we are very sensitive to fuel costs which have not ameliorated as they have on the mainland here of late.
 
I had some spot repairs done on my car's exhaust with one new very short section of pipe for $300.

Just before the pandemic, I got a whole new flex pipe and a new catalytic converter installed for $500.

Was just looking at car batteries myself. It's been almost 7 years since I bought a 5 year battery for my car. The longest warranty I can get now is 4 years. The same brand battery for 4 years is 80% higher than I paid for a 5 year battery!
If you are in a CARB state (California Air Resources Board, some other states have adopted their rules), good luck getting a catalytic converter installed now on many cars for under $2000. That is not a typo. CARB requires that an OEM converter or one that is "approved" be installed. Literally thousands of viable cars on the Colorado Front Range have been junked because of this rule after their catalytic converters were stolen. A converter that does the EXACT same thing and produces the EXACT same smog readings is $200-500, but it is illegal, and when you get a smog check, they inspect for that now.

Another case of misguided legislation with unintended consequences.
 
Speaking of which: Apples AND oranges are BOTH up quite a bit locally. That's primarily driven by our shipping costs. Everything comes at least 2500 miles (and usually much more.) So we are very sensitive to fuel costs which have not ameliorated as they have on the mainland here of late.
Eat coconuts, man, coconuts! (y) (or pineapples)
 
If you are in a CARB state (California Air Resources Board, some other states have adopted their rules), good luck getting a catalytic converter installed now on many cars for under $2000.
I am not in a CARB state, and no inspections here, but due to inflation alone, it would probably cost me more than 200% of what it cost me several years ago.
 
Eat coconuts, man, coconuts! (y) (or pineapples)
Something you might find difficult to believe: Local produce is typically MORE expensive than what is shipped in. Our local labor costs and business-unfriendly laws mean local grown costs too much. Sad, really.

If it can be sold to tourists AND locals, you can maybe afford to grow stuff. So Macadamias, coffee, papayas, avocados, oh, and pakalolo. Otherwise, there's not much local produce in stores. It's too expensive. The entire Island of Lanai used to be planted in pineapple. No more. Dole pulled out and most of the Island was sold to Larry Ellison. You can still buy "tourist" pineapples, but they're expensive. I think most of our store-bought pineapples come from Costa Rica now.

 
Verizon Wireless increased 5G Start by $5 per line
Bill increased by 12.3%.
.....or 6X Fed Inflation Target
Switch to a different mobile provider or look at dropping 5G since it is mostly marketing. Saved 12 dollars by switching from AT&T to T mobile senior plan.
 
I wanted to look at my personal inflation rate closer, over a longer period of time...so I made a chart of the data I had collected since I started tracking around 2017.

Looks like I am around 4.85% average. Maybe make it 5% for safe bookkeeping and margin of error? Unsurprisingly it doesn't seem to matter what geo-political forces bare.

1730949311986.png
 
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