Page 2 of 7 FirstFirst 1234 ... LastLast
Results 11 to 20 of 63

Thread: If inflation is cooling why are prices going up?

  1. #11
    Senior Member JaneV2.0's Avatar
    Join Date
    Jan 2011
    Posts
    15,489
    My guess is corporate greed.

  2. #12
    Senior Member Tradd's Avatar
    Join Date
    Dec 2010
    Location
    The Suburban Midwest
    Posts
    7,350
    Quote Originally Posted by pinkytoe View Post
    I get my hair trimmed about twice a year. Just a dry cut that takes about five minutes. It has always been between $15 and $18 but on my last visit, it was $30.
    Well, energy costs have gone up so the shop is paying more for utilities. I’m sure their supplies have gone up. And labor costs have gone up, too.

    I love how “corporate greed” is the knee jerk answer whenever someone mentions costs for something have gone up.

    One of my customers was griping earlier this week about how much delivery costs have gone up. She didn’t want to hear about how fuel costs have gone up.

  3. #13
    Senior Member bae's Avatar
    Join Date
    Jan 2011
    Location
    Offshore
    Posts
    11,465
    Quote Originally Posted by Tradd View Post
    I love how “corporate greed” is the knee jerk answer whenever someone mentions costs for something have gone up.
    You'd think "greed" would show up in the quarterly reports, in terms of earnings/share or something.

    I wonder which corporations are the "greediest", and how their profitability compares to the "less-greedy"?

  4. #14
    Senior Member Tradd's Avatar
    Join Date
    Dec 2010
    Location
    The Suburban Midwest
    Posts
    7,350
    Quote Originally Posted by bae View Post
    You'd think "greed" would show up in the quarterly reports, in terms of earnings/share or something.

    I wonder which corporations are the "greediest", and how their profitability compares to the "less-greedy"?
    I wonder if “business greed” might be a better description as lots of business are small.

    The company I bought my diving rebreather from last year raised prices about $500-$600 per unit a couple of months after I had ordered mine and paid in full (so I didn’t get hit with an increase). They said after two years of the Covid situation and increased costs, it had gotten to a point where they’d couldn’t absorb costs anymore and had to raise prices.

  5. #15
    Senior Member
    Join Date
    Jan 2011
    Posts
    8,276
    When government pumps trillions of new spending into the economy and the diluted money supply contributes to higher prices, people in government will always look for someone else to blame. People like Elizabeth Warren find it almost irresistibly convenient to come up with a “greedflation” story.

  6. #16
    Senior Member gimmethesimplelife's Avatar
    Join Date
    Dec 2010
    Posts
    6,641
    Quote Originally Posted by pinkytoe View Post
    I get my hair trimmed about twice a year. Just a dry cut that takes about five minutes. It has always been between $15 and $18 but on my last visit, it was $30.
    I'm going bald these days personally to save money and hassle. Rob

  7. #17
    Yppej
    Guest
    Government spending is out of control. All the "temporary" covid contact tracers are being funded for another year even though the state of emergency is over and no one is contact tracing. Their job now is to push bivalent boosters though only 17% of the population wants them. My midsize city has a dozen of them, their supervisor, and their epidemiologist, on top of nine other health department employees. Health is the biggest expenditure increase in the state budget, and we're not getting anything useful like single payer or more primary care physicians for it. It goes to pushing shots for big pharma which has the money to do their own promotions.

    Your state may and hopefully does vary.

  8. #18
    Senior Member Tradd's Avatar
    Join Date
    Dec 2010
    Location
    The Suburban Midwest
    Posts
    7,350
    My own personal index for price increases is the couscous at Aldi. It used to be 99 cents back in 2020. The equivalent at thr regular grocery store was $2.99. It’s up to about $2.30 now at Aldi. No clue what it is at the regular grocery store now.

  9. #19
    Senior Member
    Join Date
    Jan 2011
    Posts
    8,276
    Quote Originally Posted by Yppej View Post
    Government spending is out of control.
    I’m very impressed by the President’s chutzpah when he brags about reducing the deficit by $1.7 trillion by virtue of not being able to pass his original “Build Back Better” bill.

  10. #20
    Senior Member Rogar's Avatar
    Join Date
    Jan 2011
    Location
    Colorado
    Posts
    5,182
    I used to get Kind Bars $5 for 4 on sale and now it's three for five. That's sort of the story of my supermarket shopping, it's all about 30% more compared to pre-inflation.. Fake butter used to be about 5 dollars and now it's 7. I don't buy it, but the red meat counter seems to have some pretty good sales. Coffee is up probably 30% Our local news said that grocery prices are stabilized or coming down. I can't say I've seen any bog increases lately, it's just more expensive. Gas has come down to $3.20 most places. I have enough savings in money markets that I'm thinking it's time to shop for better interest rates. A guess could be that they are about as good as it's going to get.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •