Posted on 11/11/2022 12:39:59 PM PST by BenLurkin
Mountain states have become a hotbed for inflation, with the region — which includes Arizona, New Mexico, Colorado, Utah, Nevada, Wyoming, Idaho and Montana — reporting that prices soared 9.3% in October.
The spike is even worse in certain cities: Phoenix, for instance, recorded the highest inflation rate among large cities, with prices up a stunning 12.1% last month. While that's down from a peak of 13% recorded earlier this year, that's likely little consolation to residents facing painfully high prices.
The outsized increase is at least in part to soaring real estate prices as thousands of Americans look to relocate. In Phoenix, for instance, the typical home sold for $430,000 in September — nearly 9% more than the previous year, according to real estate brokerage firm Redfin.
(Excerpt) Read more at foxbusiness.com ...
The gas prices are better, but that’s it! A trip to the grocery this morning cost $176 bucks. That’s for 2 people, and 1 dog and no steak and few fresh vegetables I can assure you. Chicken and hamburger only. There was a $10. item that was not crucial but everything else will be consumed or used in the next week or 10 days and I will do it all over again. This is insane.
Just buy the cheap cereal.
I am amazed on how they figure inflation. Stuff is up over 100% on a lot of things like lumber, fuel, some groceries, even silicone caulking is now over $10 a tube up from about $30.
Just topped off my fuel tank. 309 gallons at $5.699 a gallon. Bill of over $1,700.
Forgot property tax of over $900 for this quarter too.
ummm excuse me, but, slowdown does not mean prices going back down... inflation is still up just it’s delta has changed
I just returned from our small town grocery store. A case of 5 dozen eggs was “temporarily price reduced” to $26.
I know the prices suck folks.
Would you be happier with deflationary policies?
What I’ve read about multi year deflation in history...... is its a real bitch. The last time it happened was 1938-1939 since then, we’ve had 3 deflationary years 1949,1955, & 2009.
Nobody wanting your labor is a humbling experience.
Nobody wanting to buy from you is a humbling experience.
Losing your home or business is a humbling experience.
Not being able to pay your creditors is a humbling experience.
Watching your retirement income evaporate is a humbling experience.
I’m not justifying the current level of economic stupidity, its ridiculous. Just saying the answers aren’t always simple.
ummm excuse me, but, slowdown does not mean prices going back down... inflation is still up just it’s delta has changed“
The lemmings won’t understand that.
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