Prices.... Going Up!!!

[OnTheBlitz]

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

QFT

Also, the inflation numbers are not real. Since Jan 1st, 2021, it's more like 30%.

Example. I just placed an order, right now for nearly the exact same Items that I purchased in Jan 2021. Then the order total was $275. Now $364.

Mind you, this is a weekly order. What are the less fortunate families doing? Eating air, grass & dirt?

Heads need to friggin roll! Completely disgusted!

 

[reddodge053]

November

 

[Mystic]

QFT

Also, the inflation numbers are not real. Since Jan 1st, 2021, it's more like 30%.

Example. I just placed an order, right now for nearly the exact same Items that I purchased in Jan 2021. Then the order total was $275. Now $364.

Mind you, this is a weekly order. What are the less fortunate families doing? Eating air, grass & dirt?

Heads need to friggin roll! Completely disgusted!

View attachment 2565407

Chris it's happening over here, too. Not too bad in France proper, but in most EU states and especially in United Kingdom, costs are up up up. Felt it this week: I ordered this week a product from the UK, an item I order 3-4 times a year. The cost difference between my previous (circa December 2021) order and this week's order is +51%. I've checked around and it's no cheaper anywhere else that I can find it. (nb: cannot find the product @ any vendor in France)

 

[orsen]

i have groceries delivered weekly due to mobility issues, cost seems to have doubled in the last yr.
frankly for fixed income it getting kind of scary.
my next "raise" is in 4 yrs when old age security kicks in
i have no drug coverage until then and out of pocket is a killer
we're not hurting, but it sure has me paying attention

 

[YY1]

Up 28 million percent?

Anyone buy that last year?

 

[OnTheBlitz]

Chris it's happening over here, too. Not too bad in France proper, but in most EU states and especially in United Kingdom, costs are up up up. Felt it this week: I ordered this week a product from the UK, an item I order 3-4 times a year. The cost difference between my previous (circa December 2021) order and this week's order is +51%. I've checked around and it's no cheaper anywhere else that I can find it. (nb: cannot find the product @ any vendor in France)

Yes, I believe it. I may have posted this here before:

On the industrial mil side, a pump on my system here at work was ~$700 in July of 2020. Same pump now: $1400+

As mentioned above by orsen, individuals on fixed incomes are in a bad way.

Out of control. Heads need to roll.

 

[audio-ed]

It's just greed.

 

[reddodge053]

no

 

[OnTheBlitz]

no

+1

 

[colortrakker]

Up 28 million percent?

Anyone buy that last year?

Not even GameStop did that well.

 

[colortrakker]

We've been alerted that our state's electric rates are going up by a HUGE amount on June 1. My power company's generation rate is going up 35 percent, and others are going up as much as 44 percent. The PUC is straight-out telling us to shop around for better rates if we're in an area that allows it...but I have a feeling it may not make much difference if we do. The effects keep rippling...

 

[OnTheBlitz]

We ain't seen nothing yet. This is just the beginning....

 

[Mystic]

Up 28 million percent?

Note 1: EMBECTA data reflect a tabulation/calculation error.

Note 2: The correct YTD return should be 280,000% achieved via a share spin-off from its parent company, on 1 April 2022, where the initial stock value was $0.01 per share and after which 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.

 

[Falstaff]

A week ago I put gas in my car at $4.69 gal. Today I topped it off at $4.99 gal. Goin the wrong way. If this keeps up I'm going to have to give my scooter a tune up and put it on the road again. I drove it daily a few years ago and only filled the 2 gal tank once a month. That's with pushing the speed to 60mph on 150cc.

 

[colortrakker]

Yeah, these gas prices are making me feel like I'm under house arrest - can hardly afford to go anywhere but work and back. Can't even take the bike out because I have to drive to where I'd ride it. Gas station at the grocery store gives me at least $.30 off a gallon but even then it's still expensive...and I'm using regular.
Pastor has a scooter and he's had me thinking about getting one, but that involves a motorcycle license and training...and now is not the time for that.

 

[Mystic]

Interestingly ~ paradoxically and perhaps therapeutically given the financial burden of inflation -- especially at the fuel pumps -- American consumer spending (i.e., retail sales) increased by 0.9% in the 30-day period b/w end of March and end of April 2022.

The majority of that 0.9% increased spending was spent on services -- retail therapy?

The big winners:

- Bars & restaurants,
- Specialty stores -- cannabis vendors in particular but alcoholic beverages following (flowing) closely
- E-commerce of all kinds

Sales were also "up" @ new and used auto dealers and parts stores.

The big loser is the department store / general merchndise sector:

Source: U.S. Bureau Of The Census

Conclusion

Despite the shift to spending on services, consumers continue to spend large amounts on goods. While overall growth in retail sales is approximately equal to the present rate of inflation, “real” growth -- adjusted for inflation -- is trending down, despite the fact that increased spending on services -- adjusted for inflation -- is striving to make up the difference. So long as spending remains at current levels, it is unlikely that prices will soften and thus dampen inflationary movement in markets.

 

[YY1]

I have a 2012 Yamaha 125cc scooter. Bought in 2014.

About 78 MPG and 55 MPH.

I've been using to to go back and forth the .5 mile to my shop and to the parts store and dollar store. even groceries.

Can't really use it for the 23.5 miles one way to and from work though as there are some stretches of 60-65 MPH and in the dark, 55 in a 60-65 isn't real safe.

Plus it's almost time for the "will it storm severely at 4:00 pm?" every day in FL during the summer question.

 

[OBMG74]

Pastor has a scooter and he's had me thinking about getting one, but that involves a motorcycle license and training...and now is not the time for that.

And history repeats itself.
Mopeds were a big thing during the oil crisis in the '70's. (no motorcycle license required)
Sears even sold them.

 

[Bill Ferris]

And history repeats itself.
Mopeds were a big thing during the oil crisis in the '70's. (no motorcycle license required)
Sears even sold them.

My live in GF and I had each one in the mid to late seventies, and they were a lot of fun (except getting caught in a sudden rain storm) and very economical gas wise to knock about, whilst living in South Miami FL.

 

[Falstaff]

As long as you keep it to 49cc and below, some states do not require a motorcycle license, insurance or even registration. This class of scooter also has the best gas milage. But, at best your looking at probably around 30-35mph. An advantage is you can ride in the bike lanes which you cannot do with larger class engines.