Inflation here? gas/grocery prices just continue to climb (1 Viewer)

[efil4stnias]

So i filled up this am - $59.25 - 2 weeks ago it cost me $48 and some change.

Yesterday, bought tenderloins- last time i bought it was roughly $17.99 per pound ( CHoice ) and $25.00 ( Prime ) - it was $29.99 for Choice and $37.99 for Prime.

cost-push inflation is here.

 

[bonnjer]

It was only a matter of time. Shirt's about to get real.

 

[itztime]

Yep, I work from home so I have grocery/cooking duty. Last week I went to grocery store to buy weeks worth of meals to cook, normal cost $100-$125, new cost was $210.

 

[RKNSaint]

$3.09 for 87 just now for me.

Heating oil prices for winter will be a huge issue real soon I suspect.

 

[GeauxWhoDats]

Have you tried to purchase a flank steak for Taco Tuesday? $35 each.

I was at a local restaurant last week and the filet was not on the menu. I am friends with the owner and she said that she had to take it off temporarly because her cost for filets were $45 each.

 

[guidomerkinsrules]

$3.09 for 87 just now for me.

Heating oil prices for winter will be a huge issue real soon I suspect.

Europe is already anticipating a grizzly winter bc of oil costs

 

[efil4stnias]

$3.09 for 87 just now for me.

Heating oil prices for winter will be a huge issue real soon I suspect.

it was $3.60 for 93 octane- just a week ago it was $2.99

 

[Grumpy Old Manatee]

Europe is already anticipating a grizzly winter bc of oil costs

So, I should invest in bear repellant?

 

[efil4stnias]

Yep, I work from home so I have grocery/cooking duty. Last week I went to grocery store to buy weeks worth of meals to cook, normal cost $100-$125, new cost was $210.

yeah my wife came home from Winn Dixie yesterday and handed me receipt saying " i already know you are gonna wanna see it" ( because normally its around $130-140- it was $206 ) We tend to buy the same things weekly from there- up $60~ )

if this continues for an extended period of time ( 3-4 weeks ) and looks to continue past that, folks will start adjusting consumption and REAL changes to discretionary spending will happen.

 

[jayd265]

Not really surprising to me relying on other countries for most of our things in the US. normal life now.

 

[efil4stnias]

Not really surprising to me relying on other countries for most of our things in the US. normal life now.

We dont rely on other countries for staples.

This is domestic and domestic alone. It has to do with supply chain issues, logistics and demand. We snapped back to buying/consumption waaay faster than anticipated. Suppliers, for a myriad of reasons, simply cannot staff.

Wife/I/youngest went out to eat Saturday night. We went to Isabellas Pizza- small mom/pop place in a strip mall.

ONE - ONE waiter. had 8 tables going- Amid all that, constant foot traffic for doordash/grubhub/uber eats- So this puts a strain on the kitchen. They cannot anticipate the volume from week to week- so they wont hire help , and honestly who will work their ARSE off on fri/sat just for 5-6 hrs per day at $10/hr?

To add, we waited 30 min for the food, so i asked the young man whats up- he said the other waiter/ress quit last week and they cant find replacement. So its just him.

And its not just Isabellas. Its everywhere up and down from suppliers to end users.

Somethings gotta give and when it does, it could be cataclysmic

 

[SystemShock]

So i filled up this am - $59.25 - 2 weeks ago it cost me $48 and some change.

Yesterday, bought tenderloins- last time i bought it was roughly $17.99 per pound ( CHoice ) and $25.00 ( Prime ) - it was $29.99 for Choice and $37.99 for Prime.

cost-push inflation is here.

You and your 1st world problems

 

[efil4stnias]

You and your 1st world problems

Yeah i didnt think of it when posting - sounds crass when i read it back.

But its indicative of a broader overall issue affecting me much less than those on a REALLY tight budget and ultimately cause me ( and everyone else ) to re-assess my monthly expenses which will, in turn affect the overall economic health. Its a downward spiral once it gets going, which is where i was going with the overall theme.

 

[tomwaits]

I'm sure it has nothing to do with Federal Reserve creating a ton of new money.

 

[guidomerkinsrules]

You and your 1st world problems

just imagine what's it's like for us Hoi Polloi

 

[efil4stnias]

I'm sure it has nothing to do with Federal Reserve creating a ton of new money.

Its not the root cause. Im sure that money creation plays a role.

but at the end of the day, the consumer, doesnt see the "new money" as the issue.

I just quoted an HVAC client- 2019 Chevy 2500 - needing $1,000,000 CSL ( liability limit ) for contractual obligation. Has current coverage that just jumped to $7100 annual. The NEXT BEST PRICE? $8333 annual.

Now, thats ONE PICK UP TRUCK he uses in business to come to your home to repair/install. First, that cost is double what it was a mere 3 years ago. I could write that at $4400.

Now you start to pinch this same guy at the pump, at the grocery, at the supply house - and that $7100 looks like $9000. So what does he do? Well when you call him to come look at your AC, instead of $95 service charge, its $125. So you call another. then another til you find the guy willing to do for $95 ( which is what you are used to paying )
Meantime he just lost your business. Repeat this 4-6 times a day. Now his revenue is dropping because of price point.

It all sno-balls.

Trucking is even worse. I dont know how LA based trucking companies/operators even make a living. And thats JUST INSURANCE costs- nothing else that affects their ability to earn a living.