invaderzim
Super Member
We are back up to around $5.50 for regular and climbing. Under $4 seems like an old myth or legend at this point and yet not that long ago it was under $3.00.
Prices.... Going Up!!!
- Thread starter musichal
- Start date
Mystic
We're all born mad
Ganja futures aren't too bad here in my back yard.
Avg. $7.00 per seed feminized with around $2.50 for soil, fertilizer and water x 6, all organically grown.
Smoke .... going up! But it's a different kinda cost you'll face re: that stuff.
Funny thing is that when things drop a few cents a gal. or a quarter on grocery item everyone will say hey great job!
Moderation in all things is key, my friend.
Mystic
We're all born mad
CPI & INFLATION: DATA PER THE UNITED STATES BUREAU OF LABOR SATISTICS REPORT RELEASED 11 MAY 2022
The Consumer Price Index (CPI) report released on Wednesday 11 May 2022 confirmed that inflation is spreading deeper into the economy and is continuing to tear into the affordability of durable goods and of services, but is also fomenting a (further) decline in the purchasing power of the Unites States Dollar.
CPI for 1 through 30 April 2022 reached 8.3%, slightly less than the 8.5% measured for 1 March through 31 March 2022.
Through 30 April 2022, inflation has increased, on average, by 0.3% per month since November 2021 and nearly equal to its historic high of Q4 1983:
Source: United States Bureau Of Labor Statistics (US BLS), 11 May 2022
The "Year Over Year" (i.e., YoY) CPI from 2007 through 30 April 2022 has increased by more than 80 points:
Source: US BLS, 11 May 2022
ACTUAL INFLATION IS MUCH HIGHER THAN 8.3% AMONG LOW- & MODERATE-INCOME HOUSEHOLDS
Actual inflation is much higher because:
(1) CPI lags in picking up housing inflation and
(2) CPI is skewed to spending by higher-income households
As the Federal Reserve Vice Chair Lael Brainard pointed out earlier this year, lower income households face inflation that is much higher than the rate reported in the CPI becuase such households must spend a much larger portion of their disposable income on basic necessities, for which price increases have been particularly marked.
DECLINE IN US DOLLAR PURCHASING POWER, 2000 - 30 APRIL 2022
The CPI, via inflation measure, tracks the decline in purchasing power of labor and nothing else. The purchasing power of $100 in January 2000 declined to $58.40 as of 30April 2022:
Source: US BLS, 11 May 2022
INCREASED COST FOR SERVICES
The service sectors most ill-affected by upwarly spiraling prices in the two-month period between 1 March and 30 April 2022 include:
- Health insurance: +10.4%
- Airline fares: +33%
- Lodging in hotels / motels: +22.6%
- Car and truck rental: +10.4%
- Delivery services: +13.9%
- Laundry and dry-cleaning services: +10.3%
INCREASED COST FOR "SHELTER"
CPI indicates the average cost of the main two types of shelter, i.e., (1) Rent Of Primary Residence and (2) Owner's Equivalent Rent Of Residence has increased 3% between December 2021 and 30 April 2022 (NOTE: GREEN = RENT PRIMARY RESIDENCE; RED = OWNER'S EQUIVALENT RENT RESIDENCE):
Source: US BLS, 11 May 2022
INCREASED COST FOR DURABLE GOODS
The average cost of "Food at home" increased 10.8% YoY, chiefly among the following typical "grocery bag of items" as defined by the BLS:
- Cereals and cereal products: 11.9%
- Beef and veal: 14.3%
- Pork: 13.7%
- Poultry: 15.3%
- Fish and seafood: 11.9%
- Eggs: 22.6%
- Fresh fruits: 8.3%
- Fresh vegetables: 6.2%
- Dairy and related products: 9.1%
- Coffee: 13.5%
- Fats and oils: 15.3%
- Baby food: 13.0%
The cost of "Food away from home" increased 7.2% YoY. "Food away from home", per BLS surveys, includes comestibles procured/consumed as snacks from vending machines, cafeterias and restaurants.
INCREASE IN CPI "CORE" INFLATION
CPI "core" inflation seeks to measure inflation in the broader economy by excluding "volatile commodities-dependent" food and energy components.
CPI "core" inflation has increased 6.2% YoY and is inching ever-closer to its historical peak in Q4 of 1982:
Source: US BLS, 11 May 2022
The Consumer Price Index (CPI) report released on Wednesday 11 May 2022 confirmed that inflation is spreading deeper into the economy and is continuing to tear into the affordability of durable goods and of services, but is also fomenting a (further) decline in the purchasing power of the Unites States Dollar.
CPI for 1 through 30 April 2022 reached 8.3%, slightly less than the 8.5% measured for 1 March through 31 March 2022.
Through 30 April 2022, inflation has increased, on average, by 0.3% per month since November 2021 and nearly equal to its historic high of Q4 1983:
Source: United States Bureau Of Labor Statistics (US BLS), 11 May 2022
The "Year Over Year" (i.e., YoY) CPI from 2007 through 30 April 2022 has increased by more than 80 points:
Source: US BLS, 11 May 2022
ACTUAL INFLATION IS MUCH HIGHER THAN 8.3% AMONG LOW- & MODERATE-INCOME HOUSEHOLDS
Actual inflation is much higher because:
(1) CPI lags in picking up housing inflation and
(2) CPI is skewed to spending by higher-income households
As the Federal Reserve Vice Chair Lael Brainard pointed out earlier this year, lower income households face inflation that is much higher than the rate reported in the CPI becuase such households must spend a much larger portion of their disposable income on basic necessities, for which price increases have been particularly marked.
DECLINE IN US DOLLAR PURCHASING POWER, 2000 - 30 APRIL 2022
The CPI, via inflation measure, tracks the decline in purchasing power of labor and nothing else. The purchasing power of $100 in January 2000 declined to $58.40 as of 30April 2022:
Source: US BLS, 11 May 2022
INCREASED COST FOR SERVICES
The service sectors most ill-affected by upwarly spiraling prices in the two-month period between 1 March and 30 April 2022 include:
- Health insurance: +10.4%
- Airline fares: +33%
- Lodging in hotels / motels: +22.6%
- Car and truck rental: +10.4%
- Delivery services: +13.9%
- Laundry and dry-cleaning services: +10.3%
INCREASED COST FOR "SHELTER"
CPI indicates the average cost of the main two types of shelter, i.e., (1) Rent Of Primary Residence and (2) Owner's Equivalent Rent Of Residence has increased 3% between December 2021 and 30 April 2022 (NOTE: GREEN = RENT PRIMARY RESIDENCE; RED = OWNER'S EQUIVALENT RENT RESIDENCE):
Source: US BLS, 11 May 2022
INCREASED COST FOR DURABLE GOODS
The average cost of "Food at home" increased 10.8% YoY, chiefly among the following typical "grocery bag of items" as defined by the BLS:
- Cereals and cereal products: 11.9%
- Beef and veal: 14.3%
- Pork: 13.7%
- Poultry: 15.3%
- Fish and seafood: 11.9%
- Eggs: 22.6%
- Fresh fruits: 8.3%
- Fresh vegetables: 6.2%
- Dairy and related products: 9.1%
- Coffee: 13.5%
- Fats and oils: 15.3%
- Baby food: 13.0%
The cost of "Food away from home" increased 7.2% YoY. "Food away from home", per BLS surveys, includes comestibles procured/consumed as snacks from vending machines, cafeterias and restaurants.
INCREASE IN CPI "CORE" INFLATION
CPI "core" inflation seeks to measure inflation in the broader economy by excluding "volatile commodities-dependent" food and energy components.
CPI "core" inflation has increased 6.2% YoY and is inching ever-closer to its historical peak in Q4 of 1982:
Source: US BLS, 11 May 2022
Note: "like" for your detail updates. Thumbs down for this clusterf**k.
felix_katze
Well-Known Member
Current situation is very likely linked to the current Covid response in China. Going ultra heavy on the lock downs, sticking with their own home brew, less effective vax, and back logging the ports from days to weeks, if not months. Ships sitting in a port in China aren't anywhere else...
I would like to see that graf go back a little further to compare this year to the housing crash in 08 or 09 what ever year it was
Mystic
We're all born mad
Here's a look at PRODUCER PRICE INDEX for "Final Demand" from Q1 2010 through 28 February 2022 (nb: RED = OVERALL ; GREEN = CORE):
Nov '21 - Feb '22
Source: US Bureau Of Labor Statistics (BLS)
I'll check YCHARTS to see if I can get PPI data that span from now back to 2009.
colortrakker
Thinking in color...
usedto
Lunatic Member
Just under $7 here in CA.
Mystic
We're all born mad
Rising prices are further exacerbated by declining wages. Real wages in the US have declined over the last year and are now at or below pre-pandemic levels.
LINK: https://www.piie.com/blogs/realtime-economic-issues-watch/us-labor-market-could-be-cooling-down
LINK: https://www.piie.com/blogs/realtime-economic-issues-watch/us-labor-market-could-be-cooling-down
Mystic
We're all born mad
About those rising fuel prices: most of the S&P 500's top-twenty performing firms, YoY Q1 2021 through Q1 2022, are energy-related firms:
Note 1: EMBECTA data reflect a tabulation/calculation error.
Note 2: The correct YTD return should be 280,000% based on a share spin-off from its parent company, on 1 April 2022, where the initial stock value was $0.01 per share which then rose to $28.57 per share @ the time this table was processed.
Note 3: As of 14 May 2022 @ 9:51am Paris Time, EMBECTA stock value has declined to $28.33 per share.
Note 1: EMBECTA data reflect a tabulation/calculation error.
Note 2: The correct YTD return should be 280,000% based on a share spin-off from its parent company, on 1 April 2022, where the initial stock value was $0.01 per share which then rose to $28.57 per share @ the time this table was processed.
Note 3: As of 14 May 2022 @ 9:51am Paris Time, EMBECTA stock value has declined to $28.33 per share.
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