OT: Prices just keep rising

[TigerRoar8]

This is more of a rant than anything. My wife and I got married in April of 2019. We had done about a year of trial and error and research and found for us, in the area that we live, that making 1 shopping trip a week to Wal-Mart was our most financially smart option. (I know, judge about Wal-mart but in our location almost every item is cheaper there than other stores plus for us shopping at 1 spot vs. 5 saved us a lot of money). Our goal was to get 99% of our needs (food, household items, etc.) and stay under $200 each time. We were killing it, probably averaging about $175 a trip...... Fast forward to now and I don't think we have gotten out of there for under $225 in the past year. I was comparing prices on items yesterday to what they used to be just 2 years ago and it is nothing to see 20% or more increases on single items. So frustrating....... not even talking about gas prices either.

 

[AllInBlitz]

This is more of a rant than anything. My wife and I got married in April of 2019. We had done about a year of trial and error and research and found for us, in the area that we live, that making 1 shopping trip a week to Wal-Mart was our most financially smart option. (I know, judge about Wal-mart but in our location almost every item is cheaper there than other stores plus for us shopping at 1 spot vs. 5 saved us a lot of money). Our goal was to get 99% of our needs (food, household items, etc.) and stay under $200 each time. We were killing it, probably averaging about $175 a trip...... Fast forward to now and I don't think we have gotten out of there for under $225 in the past year. I was comparing prices on items yesterday to what they used to be just 2 years ago and it is nothing to see 20% or more increases on single items. So frustrating....... not even talking about gas prices either.

Printing $10T over the last few years will do that. Most Americans have taken a significant pay cut without realizing it.

 

[The Mixed Mamba]

Roughly 90% of these manufacturers have more price increases planned and the Retailers are planning on pushing those increases on to the consumer. Raw materials, commodities, transportation, labor, etc are all driving it. The perfect storm.

It will get only get worse. And rarely do they take pricing down in the future when COGS go down. Buckle up.

 

[Ron Munson]

Roughly 90% of these manufacturers have more price increases planned and the Retailers are planning on pushing those increases on to the consumer. Raw materials, commodities, transportation, labor, etc are all driving it. The perfect storm.

It will get only get worse. And rarely do they take pricing down in the future when COGS go down. Buckle up.

This is what not many are talking about...a lot of these price increases will be permanent.

 

[o_oconeetiger]

Biden’s America.

 

[kimtransport]

I would suggest to op to make an extra stop and go to Aldi first. Then Walmart. If you're really concerned about saving money. Aldi is about 30% cheaper than Walmart. You won't find everything you need at Aldi probably. But if the budget is that tight, this is the better approach.

 

[Paws14]

There’s a whooooooole lot of price gouging going on out there too

 

[tiger1995]

Build Back Better

 

[godabo44]

OPEC has license to steal now. Thanks Joe. Great job!

 

[Clemsonu0219]

Behold The Great Reset, folks.

Wait until you begin to hear what the “solution” is…

 

[bizlat]

I've noticed a lot more prices are wrong when you get to the counter these days too. Why are they always wrong in the more expensive direction?

 

[Panama City Tiger]

Walmart, Big Lots, etc. are even price gouging on sports cards these days. Apparently they have been told to raise their prices to what cards are going for on the secondary market. I hate it.

 

[Frog209]

People are morons, and they buy the green energy BS without realizing that the price of fuel going up affects everything. We were energy independent and Biden had to go and **** it up. You add to that the trillions of dollars that both parties printed and handed out, the supply chain issues created by Bidens COVID restrictions, ect, and it’s not going away. So to top it all off, look for the morons on the left to argue for a national $15 minimum wage again soon so that companies Jack the prices up even more. You know, like these idiots still want the Build Back Better fiasco and tell us with a straight face that printing even more money will help with inflation.

 

[Chrisd4cu]

This is more of a rant than anything. My wife and I got married in April of 2019. We had done about a year of trial and error and research and found for us, in the area that we live, that making 1 shopping trip a week to Wal-Mart was our most financially smart option. (I know, judge about Wal-mart but in our location almost every item is cheaper there than other stores plus for us shopping at 1 spot vs. 5 saved us a lot of money). Our goal was to get 99% of our needs (food, household items, etc.) and stay under $200 each time. We were killing it, probably averaging about $175 a trip...... Fast forward to now and I don't think we have gotten out of there for under $225 in the past year. I was comparing prices on items yesterday to what they used to be just 2 years ago and it is nothing to see 20% or more increases on single items. So frustrating....... not even talking about gas prices either.

Feel your pain. Deli, fruit, snacks, cereal, coffee, dairy. If these items are even in stock they’ve gone up in price significantly in the last 1-2 years if not last 6 months.

those of us poors with kids in school and active in sports, bargain shopping is difficult. Costco helps on some i
Larger bulk items. Frozen foods we get alot from Costco and paper products.

 

[TigerRoar8]

Feel your pain. Deli, fruit, snacks, cereal, coffee, dairy. If these items are even in stock they’ve gone up in price significantly in the last 1-2 years if not last 6 months.

those of us poors with kids in school and active in sports, bargain shopping is difficult. Costco helps on some i
Larger bulk items. Frozen foods we get alot from Costco and paper products.

Absolutely. My wife and I decided a couple years ago that what I had described above was an easy way to save money without really changing our quality of life. It was obvious how much more money we would spend going in to a CVS like store to buy certain items vs. getting it all at a Wal-Mart like store. Now, everything everywhere is expensive it seems like.

 

[Tigers&Bravos]

Publicly traded companies aren’t losing margins. If energy becomes more expensive it’s the single fastest way to increase pricing. Everything has a fuel cost related to it. As labor and energy costs increase so do the cost of goods. Costs will always be passed to the consumer.

 

[Frog209]

Publicly traded companies aren’t losing margins. If energy becomes more expensive it’s the single fastest way to increase pricing. Everything has a fuel cost related to it. As labor and energy costs increase so do the cost of goods. Costs will always be passed to the consumer.

Yep, fuel prices are the key to all of this, and the whole “politicians have nothing to do with fuel prices” crowd have no idea what they are talking about.

 

[treetiger]

I noticed a lot of food price increases, but here's one that I documented: A dozen X-large eggs at Food Lion (Food Lion brand) has gone from $1.29/dozen to $1.69/dozen in just a few months.

I was outraged after having heard Joe Biden say that there was no supply crisis and he said that the shelves were over 93% stocked. Well, he needed to come to my grocery store. I would say they are less than 50% stocked. For a couple of months I have been trying to buy ingredients to make simple Tacos. You usually have a choice with Taco seasoning packets (regular, hot, low-sodium, etc.) to choose from. In the last 2 or 3 months there were none to 1 or 2 packets of low-sodium brand, that was all. Hardly any regular flour tortillas, and none of the larger burrito size for the last several months. Then you would be lucky to be able to find a decent selection of meats. They had no packs of boneless skinless chicken breasts at the beginning of this month, and little selection with ground beef. I could go on and on.

Lowe's in Red Bank (near Lexington, SC) is another trip. Common plastic (old construction [with ears]) electrical boxes single-gang, 2-gang, etc. were about non-existent. Electrical standard duplex receptacle covers (white) were non-existent. Maybe the WOKE had them remove the 'white' covers because they were deemed racist??? Many of the shelves in the electrical section were bare. I imagine other sections were similar.

I can't wait for things to get back to normal. These idiots in the Whitehouse need to be gone so that the space-time continuum can get back to normal.

 

[kgwillison]

There are shortages of material and labor. Firms are paying workers more and because we have a healthy economy, demand for products and services is high. That leads to higher costs. Unemployment is low.

When more people return to work and the supply crunch ends, prices will even out as will inflation.

 

[gcsoccer16]

Printing $10T over the last few years will do that. Most Americans have taken a significant pay cut without realizing it.

 

[gcsoccer16]

There are shortages of material and labor. Firms are paying workers more and because we have a healthy economy, demand for products and services is high. That leads to higher costs. Unemployment is low.

When more people return to work and the supply crunch ends, prices will even out as will inflation.

Lol at that thinking. We don't have a healthy economy. We have FED backed economy. Look at the M2 money supply. When you print trillions, upon trillions and dump that into the economy that doesn't make it "healthy". If you think prices are going back down, you are going to be mistaken. Inflation is a key tool for governments across the globe. It's the ultimate hidden tax and creates distortion in all markets. It is also a way for our government to get around the debt we have to service. Prices may fluctuate a little but they never go back to where they were before. It doesn't work that way. Inflation is constant, its the rate of change that can do damage.

 

[other1]

Biden’s America.

How would this not be happening if Trump was president??

 

[PalmettoTiger1]

Printing $10T over the last few years will do that. Most Americans have taken a significant pay cut without realizing it.

Thank the Democrats and Joe Biden by voting for them again

also the out of control crime was a free bonus along with the soon to be gas over $5.00 and in some parts of the country will approach if not exceed $8.00 a gallon

add in the expected war between Russia and the Ukraine along with escalated hostilities in the South Pacific between China and Taiwan and we Americans are just getting the best job from our government

Remember early often as as many times you can for Brandon

 

[PalmettoTiger1]

How would this not be happening if Trump was president??

The sad part of your post is you wrote it but know it is because of the liberal policies we are where we are at

Trump has ZERO to do with this mess

I believe Joe Biden is President last time I looked

 

[ForzaTigre]

Prices won’t go back down, op. I feel pretty confident in saying that.

 

[AllInBlitz]

Thank the Democrats and Joe Biden by voting for them again

also the out of control crime was a free bonus along with the soon to be gas over $5.00 and in some parts of the country will approach if not exceed $8.00 a gallon

add in the expected war between Russia and the Ukraine along with escalated hostilities in the South Pacific between China and Taiwan and we Americans are just getting the best job from our government

Remember early often as as many times you can for Brandon

The democrats certainly have poured fuel on the fire damn well knowing there were inflation issues but trump also flooded the economy with liquidity. Both parties are at fault here so let’s not act like one side was disciplined because both are to blame.

 

[other1]

The sad part of your post is you wrote it but know it is because of the liberal policies we are where we are at

Trump has ZERO to do with this mess

I believe Joe Biden is President last time I looked

And which liberal policies are you referring to???

 

[nytigerfan]

The sad part of your post is you wrote it but know it is because of the liberal policies we are where we are at

Trump has ZERO to do with this mess

I believe Joe Biden is President last time I looked

inflation is up significantly in almost every one of the worlds biggest economies. Inflation started rising three months before Biden even became president. But yeah, it’s all Biden and his liberal policies!

 

[dannyford]

Roughly 90% of these manufacturers have more price increases planned and the Retailers are planning on pushing those increases on to the consumer. Raw materials, commodities, transportation, labor, etc are all driving it. The perfect storm.

It will get only get worse. And rarely do they take pricing down in the future when COGS go down. Buckle up.

Yep, if you join any of the earnings call from the likes of Arista, Cisco, AWS, Apple etc, all are talking about inflation related pressures to increase the price of goods through most of 2022. Going to get worse before it ever gets better.

You're 100% right on COGS. Especially once firms price the COGS into margin, it's awfully tough to revert back.

 

[treetiger]

People are morons, and they buy the green energy BS without realizing that the price of fuel going up affects everything. We were energy independent and Biden had to go and **** it up. You add to that the trillions of dollars that both parties printed and handed out, the supply chain issues created by Bidens COVID restrictions, ect, and it’s not going away. So to top it all off, look for the morons on the left to argue for a national $15 minimum wage again soon so that companies Jack the prices up even more. You know, like these idiots still want the Build Back Better fiasco and tell us with a straight face that printing even more money will help with inflation.

Heck, I'm an electrician, and know a little something about electricity and batteries. People seem to fail to realize that the battery charging stations that are showing up (or will show up) draw their electricity from the grid. If that electrical grid using coal, natural gas, nuclear, or solar and wind (this is a joke for real electrical needs!!!), then those plants must produce more, thus resulting in more carbon. You don't usually get this for free.

Then, although battery technology has improved, every time a battery is discharged and recharged, breakdowns in the anodes and cathodes occur. Over a period of time the breakdowns get so great that the amp discharge of the battery is affected, and thus your car won't start. Sometimes I can put a meter on the battery and get the correct voltage, but the cranking amps aren't enough. I would like to see any of your faces here when your batteries finally do go (or malfunction), and you get the cost of battery a replacement for your car!!! Then too, how much of the old batteries can be recycled? Batteries can also affect the environment as well.

I do expect that battery technology will continue to improve as well as solar and wind. I always get a chuckle when I watch the commercial on TV where the guy is standing in front of a windmill farm talking about how good it is to use wind power, but only one is barely (slightly) moving from all of the windmills that you see. It's really pumping out the 'tricity!!! (LOL!!!)

This is not the commercial that I saw with only one windmill barely moving, but this does illustrate a point:

Some people just don't know what they don't know!!!

 

[gcsoccer16]

inflation is up significantly in almost every one of the worlds biggest economies. Inflation started rising three months before Biden even became president. But yeah, it’s all Biden and his liberal policies!

Lol what is it like in your world

 

[nytigerfan]

Lol what is it like in your world

what is factually incorrect about what I wrote? Pro tip: Your feelings don’t count.

 

[TigerGrowls]

inflation is up significantly in almost every one of the worlds biggest economies. Inflation started rising three months before Biden even became president. But yeah, it’s all Biden and his liberal policies!

Trump did a stimulus when the china virus first hit to kickstart the economy that had to be fully shut down at the time. Covid was still a totally unknown danger issue at that time and I do not fault Trump for that stimulus to get the economy rolling again. Biden takes the helm and immediately enacts by executive order policies that lead to the price of gas rising exponentially which is a cornerstone of this inflation, but additionally he needlessly pumped trillions more into the economy that included extended and enhanced unemployment benefits which allowed able bodied citizens to sit home and draw a free check which made this problem that much worse. Trump brought the price of gas down and its not disputable while Obama and China Joe who want to go green punished the energy industry and caused the price of gas to go up. None of this is disputable that it happened. You can only argue why.

 

[Frog209]

Trump did a stimulus when the china virus first hit to kickstart the economy that had to be fully shut down at the time. Covid was still a totally unknown danger issue at that time and I do not fault Trump for that stimulus to get the economy rolling again. Biden takes the helm and immediately enacts by executive order policies that lead to the price of gas rising exponentially which is a cornerstone of this inflation, but additionally he needlessly pumped trillions more into the economy that included extended and enhanced unemployment benefits which allowed able bodied citizens to sit home and draw a free check which made this problem that much worse. Trump brought the price of gas down and its not disputable while Obama and China Joe who want to go green punished the energy industry and caused the price of gas to go up. None of this is disputable that it happened. You can only argue why.

Everything that you said is true, but you’re trying to reason with a liberal, so it’s a fruitless endeavor. You also left off that the continued unemployment benefits not only added trillions to the deficit, but also allowed people to sit at home and not work. This contributed to the supply chain issue, which also caused prices to rise. To add another liberal policy that contributed to the rising prices, the vaccine mandates cost a lot of people their jobs, also contributing to the lack of staffing, this resulting in supply chain issues and rising prices. Yes, both parties overspent, but several other liberal policies have made the inflation/supply chain issue way worse than it needed to be.

Lastly, anyone that uses inflation going up around the world, which is mostly controlled by leftist governments, as a defense, is defeating their own argument before they even begin.

 

[dannyford]

Everything that you said is true, but you’re trying to reason with a liberal, so it’s a fruitless endeavor. You also left off that the continued unemployment benefits not only added trillions to the deficit, but also allowed people to sit at home and not work. This contributed to the supply chain issue, which also caused prices to rise. To add another liberal policy that contributed to the rising prices, the vaccine mandates cost a lot of people their jobs, also contributing to the lack of staffing, this resulting in supply chain issues and rising prices. Yes, both parties overspent, but several other liberal policies have made the inflation/supply chain issue way worse than it needed to be.

Lastly, anyone that uses inflation going up around the world, which is mostly controlled by leftist governments, as a defense, is defeating their own argument before they even begin.

The other reality is a government that happens to be in substantial amounts of debt, won't necessarily mind inflation as it generates more tax revenue on goods sold so inflation is really just another form of taxation for the lower and middle classes without officially raising their rates.

The amount of retail liquidity and volume in both traditional and digital markets in 2020 and 2021 is a great indicator of the volume of cash coming into the market which correlates to stimulus dollar allocation and people with too much time on their hands. It's why Robinhood's trailing 12 month EBITDA looks abysmal as it cycles through Q1 22 financials.

 

[nytigerfan]

Trump did a stimulus when the china virus first hit to kickstart the economy that had to be fully shut down at the time. Covid was still a totally unknown danger issue at that time and I do not fault Trump for that stimulus to get the economy rolling again. Biden takes the helm and immediately enacts by executive order policies that lead to the price of gas rising exponentially which is a cornerstone of this inflation, but additionally he needlessly pumped trillions more into the economy that included extended and enhanced unemployment benefits which allowed able bodied citizens to sit home and draw a free check which made this problem that much worse. Trump brought the price of gas down and its not disputable while Obama and China Joe who want to go green punished the energy industry and caused the price of gas to go up. None of this is disputable that it happened. You can only argue why.

The problem, as usual, what you have written is false. We live in the real world where facts still matter. Here is a chart to prove it.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

Avg retail price of gas went below $2 under Obama, then went UP during Trump's first three years. It plummeted when Trump shut down the economy (30 days to slow the spread) and demand for gas dropped. It started going UP again in June 2020 under Trump.

These are FACTS. None of this is disputable that it happened.

 

[nytigerfan]

Everything that you said is true, but you’re trying to reason with a liberal, so it’s a fruitless endeavor. You also left off that the continued unemployment benefits not only added trillions to the deficit, but also allowed people to sit at home and not work. This contributed to the supply chain issue, which also caused prices to rise. To add another liberal policy that contributed to the rising prices, the vaccine mandates cost a lot of people their jobs, also contributing to the lack of staffing, this resulting in supply chain issues and rising prices. Yes, both parties overspent, but several other liberal policies have made the inflation/supply chain issue way worse than it needed to be.

Lastly, anyone that uses inflation going up around the world, which is mostly controlled by leftist governments, as a defense, is defeating their own argument before they even begin.

Yep, Brazil, Russia, such leftists! You nailed it buddy.

 

[TigerGrowls]

The problem, as usual, what you have written is false. We live in the real world where facts still matter. Here is a chart to prove it.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

Avg retail price of gas went below $2 under Obama, then went UP during Trump's first three years. It plummeted when Trump shut down the economy (30 days to slow the spread) and demand for gas dropped. It started going UP again in June 2020 under Trump.

These are FACTS. None of this is disputable that it happened.

You are incorrect as usual and cannot even interpret the data that you linked to. Average cumulative gas price under Trump was lower than under Obama and it should have been more due to inflation, but it went down. We of course know what its doing now under China Joe.

https://www.logically.ai/factchecks/library/b1614062

The Poynter Institute notes that on average, the price of gas was $2.50 under Trump and $2.97 under Obama. Some have noted that the 2008 recession may have contributed to the higher rates under Obama's leadership.

 

[nytigerfan]

You are incorrect as usual and cannot even interpret the data that you linked to. Average cumulative gas price under Trump was lower than under Obama and it should have been more due to inflation, but it went down. We of course know what its doing now under China Joe.

https://www.logically.ai/factchecks/library/b1614062

The Poynter Institute notes that on average, the price of gas was $2.50 under Trump and $2.97 under Obama. Some have noted that the 2008 recession may have contributed to the higher rates under Obama's leadership.

what you have posted here does not make what I said incorrect, in any way. I posted data. Data that shows that the average retail price of gas went UP during the first three years of trumps presidency (prior to him shutting down the country for covid and greatly reducing the demand for gas). You posted an article that only compares the average price of gas during Obama’s 8 year presidency and trumps 4 year presidency. That average includes the covid year.

his conservative policies must be to blame for gas prices going up on his watch, no?

 

[TigerGrowls]

what you have posted here does not make what I said incorrect, in any way. I posted data. Data that shows that the average retail price of gas went UP during the first three years of trumps presidency (prior to him shutting down the country for covid and greatly reducing the demand for gas). You posted an article that only compares the average price of gas during Obama’s 8 year presidency and trumps 4 year presidency. That average includes the covid year.

his conservative policies must be to blame for gas prices going up on his watch, no?

What I said was correct too bro. Trump produced measurably lower average gas prices in later years when it should have been higher just due to natural inflation.