Smallish loaf of bread yesterday 4.79.
Swiss cheese 22.95 a pound. Gas 3.69 a gallon regular, 3.89 ethyl at cheapo station. Breakfast (no orange juice ) with tax and tip at small diner 22.70. One bedroom apartment rents in marginal neighborhood ( pretty much ok to walk in daytime if you keep your wits about you; stay in at night) 2900 and climbing. 3600 in a safer area. But no, there’s no inflation. Because the fed govt doesn’t include these things in its “ inflation statistics “. Everything’s wonderful. The Obama regime is in power. What could possibly be wrong?
“Smallish loaf of bread yesterday 4.79.
Swiss cheese 22.95 a pound. Gas 3.69 a gallon regular, 3.89 ethyl at cheapo station.”
In 2008 it had taken 200 years to print $900 billion. That was all the US money in the world. in 2009 they printed $900 billion more. In 2010 another $900 billion. Then, they added $87 billion a month (quantitative easing.) The value of stuff hasn’t gone up, the value of the money has gone down.
You must live near Central Park in Manhattan for those kind of prices.
Here near the border of Poland, it’s:
$1.25 for a one-kilo loaf of bread.
$2.35 for one kilo of swiss cheese.
$3.35 for one gallon of milk (four one-liter boxes)
Fuel is expensive here, yes....about $7.89 per gallon.
Rent for a one-bedroom apartment (including energy + heating) is $215 per month. Quiet neighborhood.
If you want to save on the gasoline bill, a one-month all areas transit pass is $25. Covers the city and suburban areas, streetcars and buses.
Did something I don’t normally do. I went to McDonald’s and got a value meal of a Quarter pounder with cheese, fries, and a drink. I literally asked the order take her if I heard her right that the cost was $6.59! What the...
Almost $7 for a “value meal”? That won’t happen again real soon. But yeah, there is no inflation whatsoever.
Smallish loaf of bread yesterday 4.79.
Swiss cheese 22.95 a pound. Gas 3.69 a gallon regular, 3.89 ethyl at cheapo station. Breakfast (no orange juice ) with tax and tip at small diner 22.70. One bedroom apartment rents in marginal neighborhood ( pretty much ok to walk in daytime if you keep your wits about you; stay in at night) 2900 and climbing. 3600 in a safer area. But no, there’s no inflation. Because the fed govt doesn’t include these things in its “ inflation statistics “. Everything’s wonderful. The Obama regime is in power. What could possibly be wrong?
___________________________________
Please tell us where you live and where you shop.
I can buy an excellent large loaf of bread for $2.78.
Don’t eat Swiss, but premium aged extra sharp Cheddar is $4.40/lb. Imported Danish Blue is $8/lb.
Regular gas is $3.24 and has just surged .15/gal.
Full breakfast at the best place in the area, including juice, is under $8 before tip.
Even in the larg-ish city (50k) closest to us, $1200/month would be a luxury downtown condo or an apartment out in the high-price-point suburbs. Average one bedroom in my nearest small town (4k) is $650/month.
All of that is increased by 40%+/- in the past 5 years.
Besides the banks not lending their capital, the other reason we aren’t seeing inflation is wages have declined or remained flat. There is no velocity because money, especially discretionary income, is in short supply to individuals and costs of living such as taxes and energy have skyrocketed. Now, the cost of both health insurance and actual medical care are up astronomically for some and 20% or so even for retirees with both Medicare and a supplemental policy. It takes more to most of a SS check just to pay for health insurance. Most businesses are just trying to stay alive, can’t raise prices and have higher costs for everything, so the net is smaller and is further taxed.
Price increases aren’t inflation. They reflect taxes, energy costs and the various costs of added governmental fees and regulation. One third of my electric bill is fees, taxes and involuntary contributions to funds to pay for energy for others.
I track the USD, just for my own information and, of course, I see the price of gas daily. I see little correlation. Today USD is slightly up from a few weeks ago to 80+ and gasoline is up around 5% in my area. The Euro and the GBP are both far higher than the USD by roughly 1/3-3/4 and their price for gasoline is 3x+/- what ours is.
Their taxes and fees are way higher.
The regime won’t deny our costs have increased. They will also contend it is for our own good. As they put industry after industry out of business and take over the sectors they have destroyed, it will get worse, with exacerbating shortages, to boot.
It always comes down to government meddling with supply and demand while limiting the ability of people to earn, save and invest. If they would stop micromanaging everything, reality would reassert itself.