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‘Everything Has Gone Sky High’: From Groceries To Gas, Prices Skyrocketing And Could Get Worse
Syndicated Local – CBS Boston 1 day ago ^

Posted on 10/15/2021 10:57:28 AM PDT by RomanSoldier19

“The meat is above and beyond all right?” Fadia Chamoun of Lexington lamented as she packed her trunk full of groceries. “It has gone sky high. Everything has gone sky high and it’s extremely sad.”

If it feels like lately everything is more expensive, that’s because it is.

“The government [just] released that prices over the past 12 months have increased 5.4% and that marks the fifth month in a row of over 5% price increases,” Boston University Questrom School of Business professor Jay Zagorsky explained. “That means that roughly every 14 or 15 years, all prices double. Everything is twice as expensive if this keeps up.”

The price increases have hit certain industries particularly hard over the last year. Used car prices are up about 24 percent. The cost of meat has gone up 12 percent in 12 months. Home heating oil is up an estimated 43 percent. Another area on the top of many commuters’ minds: gas prices, which have risen by more than $1 a gallon.

(Excerpt) Read more at msn.com ...


TOPICS: News/Current Events
KEYWORDS: ccp; over; usa
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1 posted on 10/15/2021 10:57:28 AM PDT by RomanSoldier19
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To: RomanSoldier19

Not that high yet

A days wage for a loaf of bread.

Its coming.


2 posted on 10/15/2021 10:58:59 AM PDT by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: RomanSoldier19

Home heating oil is a big deal in New England (though not so much in most of the rest of the country).

As a veteran of the Jimmy Carter years, I made sure to buy a house with wood stoves. When folks tried to pitch oil furnaces, I laughed in their faces.

No way would I get burned a second time....


3 posted on 10/15/2021 11:01:12 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Secret Agent Man

Yeah but 5.9%. Too bad my retirement chk didn’t have that included.


4 posted on 10/15/2021 11:02:33 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: cgbg

LETS GO BRANDON


5 posted on 10/15/2021 11:03:49 AM PDT by Col Frank Slade
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To: RomanSoldier19
“There’s sort of a balance here,” he explained. “The balance is that the government has some control over inflation, but there are no easy choices.”

Balance? Government caused the inflation, what do you think happens when you dump trillions of dollars of stimulus money into the economy, while regulating companies and people into not working. You get hyper-inflation!

The only easy choice is to throw out the Democrats and re-install President Trump, to try to make America better.

6 posted on 10/15/2021 11:04:15 AM PDT by roadcat
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To: roadcat

They always claim to be “moderates” while they ^%$# you over...


7 posted on 10/15/2021 11:07:01 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: RomanSoldier19

Looks like this is the quickest way to destroy the middle class. Dems do not like the middle class because we are independent and beholden to no party. Democrats want a welfare state where all are dependent upon the Dem party for basic food. You cannot reduce a nation to slaves when there is a prosperous middle class.


8 posted on 10/15/2021 11:08:21 AM PDT by Cyclops08
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To: cgbg
Several decades ago, it became illegal in Los Angeles County to build new homes with wood burning fireplaces. Too polluting and too toxic to the environment, so they said.

Older homes were grandfathered in. They can burn wood, except on days they cannot. The Air Quality Management District (yes, we have that in California) issues alerts on days when the air quality is bad, so wood burning is illegal.

They even have investigators who'll issue fines if you're caught burning wood in your fireplace.

All newer homes in Los Angeles have gas burning fireplaces.

9 posted on 10/15/2021 11:11:29 AM PDT by Angelino97
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To: RomanSoldier19
Everything Has Gone Sky High’: From Groceries To Gas, Prices Skyrocketing And Could Will Get Worse

All according to plan. Destroy the middle class (known also as the petty bourgeoisie) making way for the great reset (in China this was called the great leap forward) by wiping them out financially.

10 posted on 10/15/2021 11:12:30 AM PDT by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: RomanSoldier19

Fadia Chamoun of Lexington lamented as she packed her trunk full of groceries. “It has gone sky high. Everything has gone sky high and it’s extremely sad.”

Who did you vote for Fadia? I bet I know.


11 posted on 10/15/2021 11:13:54 AM PDT by neverbluffer
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To: Angelino97

Decades ago I lived in Newport Beach.

I can’t remember ever having heat on... :-)

(I think it was electric, but the bill was so low I didn’t even notice it in those days.)


12 posted on 10/15/2021 11:21:39 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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Fundamentally change the USA…bring it down…


13 posted on 10/15/2021 11:23:57 AM PDT by TnTnTn
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To: RomanSoldier19

Went grocery shopping this morning and saw prices up from two weeks ago. Some items, already at ridiculous levels: bacon, paper products and eggs. Gasoline prices still hovering round $3 but I expect to see $4 by next year. Let’s go Brandon.


14 posted on 10/15/2021 11:30:31 AM PDT by The Great RJ ("Socialists are happy until they run out of people's money." Margaret Thatcher)
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To: RomanSoldier19

I think Oil is approaching it’s high for this cycle. That assumes supply can increase enough to cover the cold weather coming, which it can IF suppliers are interested. But they will have to work together to raise production much. OPEC+ calls the shots now that Biden has abdicated his duty to keep America powered.

The supply chain problem is contrived and would be about over too if Democrat idiots weren’t in charge of too much of the economy. But they are, so I am not optimistic about supply yet. They are eroding support in their not-completely-nuts wing so they need to throw some bones soon. Their problem is everything they do that helps the country enrages their nut-wing.

Republicans seem to be potted plants.


15 posted on 10/15/2021 11:31:40 AM PDT by SaxxonWoods (Let's Go Brandon!!!)
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To: RomanSoldier19

Democrat President
Democrat department heads in all federal departments
Democrat judges
Democrat House of Representatives
Democrat Senate
Democrat Press
Democrat unions
Democrat professors and teachers
Democrat entertainment industry

There appears to be a common word here.

Hmmmmm…..


16 posted on 10/15/2021 11:32:38 AM PDT by blueunicorn6 ("A crack shot and a good dancer”)
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To: cgbg

Loved playing the Yacht Club in Costa Mesa back around 1980. The women were gorgeous and friendly and the cars and boats were awesome.


17 posted on 10/15/2021 11:33:33 AM PDT by SaxxonWoods (Let's Go Brandon!!!)
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To: Angelino97
Older homes were grandfathered in. They can burn wood, except on days they cannot.

Same rules in the SF Bay Area. Here in San Mateo County, you can't build a fireplace, older homes are grandfathered in. My neighbor burns all the time in his fireplace, even on no-burn days. Gets away with it because he claims he needs the heat because his gas furnace is broken - even though it's been broken for over 30 years. We have two fireplaces as well as a gas furnace. During remodeling, we were thinking of ripping one fireplace completely out, but are glad we kept it because of the grandfather rule. The other one, we converted to an electric fireplace but can always revert it back. Because of these rules, homes with wood burning fireplaces fetch more money on the housing market.

18 posted on 10/15/2021 11:34:43 AM PDT by roadcat
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To: Secret Agent Man

Where do people live that food is so high, cities?

I just my usual chicken tenderloins, 1.5 lb, about 8 of them for $3.49 and a pound and a half of burger for $3.44.

Fruits and berries were on sale too, I dont buy processed food, maybe thats it. Keto.


19 posted on 10/15/2021 11:36:03 AM PDT by baclava
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To: SaxxonWoods

I was renting a house with amazing fruit trees.

The plums and peaches and lemons and limes and the avocados—omg—I still drool when I think about the taste of the fresh avocados....


20 posted on 10/15/2021 11:37:19 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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