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Prices of goods we use every day are rising at their fastest pace in three years
Posted by stout on 5/5/21 at 7:13 am286
quote:
US economy is growing quickly but flashing an inflation warning sign: Prices of goods we use every day are rising at their fastest pace in three years, with coffee up 8%, bread up 11% and gasoline up 22%
quote:
Measures of inflation - or the prices of goods and services that we all pay - are rising much more quickly than economic experts like to see
Many signs of inflation are already here - with the prices of groceries, household items, gas and electricity, for example, all surging over the last year
The average price of coffee is now up nearly 8% compared to last year, while the price of bread is up 11%, according to Bureau of Labor Statistics data
The prices of raw materials - such as steel, lumber and cotton - that are used to make everything have also been surging
Companies have already said they will be passing on the higher costs of those raw materials onto consumers
LINK
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by DomePatrol1980 on 5/5/21 at 7:14 am to stout
That's just the price of unity, amirite?
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by stout on 5/5/21 at 7:14 am to DomePatrol1980
Its the price we all must pay not to be subjected to mean tweets from the orange man
This post was edited on 5/5 at 7:15 am
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by MorbidTheClown on 5/5/21 at 7:14 am to stout
thanks, sleep joe
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by theunknownknight on 5/5/21 at 7:16 am to stout
This is what happens when you print 60% of every dollar that’s ever existed in history in just the last 12 months.
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by dakarx on 5/5/21 at 7:16 am to MorbidTheClown
The price of bacon is inversely proportional to the amount of other groceries to be purchased...
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by NoSaint on 5/5/21 at 7:19 am to DomePatrol1980
quote:
That's just the price of unity, amirite?
The fastest since mid way through the last presidents term...
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by theunknownknight on 5/5/21 at 7:20 am to SelaTiger
I really don’t think people have the vaguest idea of what is about to hit us
At any point, the dominoes could fall and it will all come crashing down making the Great Depression look like a walk in the park
The collapse is coming. We are seeing the early stages now.
At any point, the dominoes could fall and it will all come crashing down making the Great Depression look like a walk in the park
The collapse is coming. We are seeing the early stages now.
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re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by theunknownknight on 5/5/21 at 7:21 am to Sao
quote:
Corn 44%? WTH? We're flush with the stuff
Answer: Government is involved with corn
quote:
it is amazing that people don't understand the principle of scarcity and what "free" money on a massive scale really costs them in the longer run.
Most people are idiots.
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by carhartt on 5/5/21 at 7:23 am to theunknownknight
quote:
I really don’t think people have the vaguest idea of what is about to hit us
People truly don’t care just as long as they keep getting free shite for sitting on theirs asses. The world could be burning around them and all they’ll do is keep checking the mailbox for a handout.
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by theunknownknight on 5/5/21 at 7:25 am to carhartt
quote:
People truly don’t care just as long as they keep getting free shite for sitting on theirs asses.
They’re gonna care when price of a loaf of bread becomes $500 over night
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by Jon Ham on 5/5/21 at 7:25 am to theunknownknight
quote:
I really don’t think people have the vaguest idea of what is about to hit us
Why don’t you inform us? What’s about to hit us, specifically?
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by BamaCoaster on 5/5/21 at 7:25 am to stout
If only the fed would lower interest rates, right?!?
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by Lonnie Utah on 5/5/21 at 7:26 am to stout
Bacon is up more than 11% BAW...
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by theunknownknight on 5/5/21 at 7:26 am to Jon Ham
quote:
Why don’t you inform us? What’s about to hit us, specifically?
Stop being a lazy arse and read any history book or take an elementary economics class
Only a legitimately retarded person needs an explanation of what comes next.
re: Prices of goods we use every day are rising at their fastest pace in three yearsPosted by Bronson2017 on 5/5/21 at 7:28 am to Lonnie Utah
quote:
Bacon is up more than 11% BAW
Especially Wrights. Was going to smoke some jalapeño poppers this past weekend and decided to skip out.
Stuck with soy burgers /s
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