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re: Inflation rose 0.6% in May -- more than expected
Posted on 6/10/21 at 12:07 pm to Paul Allen
Posted on 6/10/21 at 12:07 pm to Paul Allen
quote:
Are people really expecting a big boost and comeback for the travel industry?
Seems unlikely with these high prices.
You been to an airport or tried to rent a car for a trip lately? It's not likely vs unlikely, people are traveling.
0
Posted on 6/10/21 at 12:08 pm to ship4brains
quote:
Have you priced appliances lately? I was about to pull the trigger on new kitchen appliances....of the four items I choose, they had all increased 16-33% within the LAST MONTH. Eat my shorts!
Why is that? Is it permanent or temporary?
Posted on 6/10/21 at 12:09 pm to RLDSC FAN
quote:
Inflation rose 0.6% in May -- more than expected
Posted on 6/10/21 at 12:09 pm to Mingo Was His NameO
Why? Dunno. Most inventory is depleted, too...so I maybe that is part of the problem. I don't know the drivers but I will refrain from speculating.
This post was edited on 6/10/21 at 12:10 pm
Posted on 6/10/21 at 12:09 pm to ship4brains
Consumers spent a ton on appliances last year for home reno. You think the demand for those items will increase on a continual basis? In other words, those same people are going to keep purchasing refrigerators and ovens every single year?
Posted on 6/10/21 at 12:12 pm to Paul Allen
quote:
Are people really expecting a big boost and comeback for the travel industry?
Absolutely.
You can't keep a vehicle reservation in AK. Need to go rent on peer sites like Outdoorsy. Everything else gets cancelled. Even the mainstream RV places are overbooked.
Prices are through the roof on everything right now.
Posted on 6/10/21 at 12:13 pm to RogerTheShrubber
I get the want and desire for travel to pick up and rebound greatly, just wondering even if airline prices and rental car prices are up so much.
Posted on 6/10/21 at 12:13 pm to TDTOM
quote:
most of that is discretionary
quote:
Bacon 13%
I'll fricking cut you.
Posted on 6/10/21 at 12:13 pm to Paul Allen
quote:
Are people really expecting a big boost and comeback for the travel industry?
Seems unlikely with these high prices.
Posted on 6/10/21 at 12:15 pm to Paul Allen
quote:
I get the want and desire for travel to pick up and rebound greatly, just wondering even if airline prices and rental car prices are up so much.
I would so I don't believe you could be this stupid, but that would be a lie
Posted on 6/10/21 at 12:15 pm to TigerstuckinMS
quote:
I'll fricking cut you.
. I said most.Posted on 6/10/21 at 12:15 pm to Paul Allen
quote:
just wondering even if airline prices and rental car prices are up so much.
Oh yeah..
Considering people haven't traveled in a year and a half, its exploding.
Posted on 6/10/21 at 12:15 pm to notiger1997
Is there a problem with my comment? Just curious to see how much travel will rebound even if it’s more expensive than ever before.
Posted on 6/10/21 at 12:15 pm to ship4brains
Appliance price increases are almost entirely supply related. When it takes four months to get an oven, that means there is limited supply, which means prices go up. This is basic Econ 101. Having said that, I can entertain an argument that stimulus money printing didn't help this as more people could afford appliances, and thus put a hurt on the supply.
Posted on 6/10/21 at 12:16 pm to wutangfinancial
quote:
The only worrisome aspect of the last two prints are the energy costs.
That's my takeaway as well.
Posted on 6/10/21 at 12:16 pm to wutangfinancial
quote:
The only worrisome aspect of the last two prints are the energy costs.
Just energy? That’s not that important to the global economy
Posted on 6/10/21 at 12:17 pm to Paul Allen
quote:
Is there a problem with my comment? Just curious to see how much travel will rebound even if it’s more expensive than ever before.
Look at every tourist destination in the country, they're completely booked
Posted on 6/10/21 at 12:18 pm to nugget
quote:
Just energy? That’s not that important to the global economy
Did you forget to use the sarcasm font?
Posted on 6/10/21 at 12:19 pm to nugget
It's because most of the other stuff has pretty obvious explainations with the chip shortage and the used car market is double fricked with after the rental companies had to liquidate last year and buy a bunch this year.
Energy though underpins everything, including food.
Energy though underpins everything, including food.
Posted on 6/10/21 at 12:26 pm to RLDSC FAN
quote:
Car rental 110%
I tried to book a mid size in DC area for 4 days in July with a infant seat. $740.
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