Quote:
Originally Posted by JurisDictum
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Inflation update: https://www.youtube.com/watch?v=_ha3hiw55MY
(the video is like 9 mins)
We are looking at higher prices for awhile. Its a particularly deal big when it comes to meat, eggs and fuel. There is a problem with natural gas in particular -- so be careful about heating bills in the winter.
Biden apparently is asking gas/oil companies to "help" with pricing. No idea what "help" they would be willing to give unless the taxpayer "helps" them back. This is likely to be a crappy deal if its done in the backroom rather than out in the open.
I live in Oregon and haven't seen any increase in our apple pricing -- it might even be lower. Apples are up 8% though, because most people don't live next to where they make them.
Edit: https://www.in2013dollars.com/Apples/price-inflation apparently apples deflated shortly before the pandemic.
If you got $20 of apples in 1939 it would be like getting $1000 of apples today. They must have been giving them away in the depression years. |
That was quick. Pretty sure you told me inflation is transitory like two weeks ago and CPI was only high because of used car prices or something like that.