Is Hyperinflation Around The Corner?! (Dave Ramsey Shocks Listeners)
Comments
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Inflation is 2%DerekJohnson said:
Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39BennyBeaver said:
How much did this exactly total 1 year ago?DerekJohnson said:I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.
The bacon I buy is now $7.99, and it was about $5.49 a year ago
The coffee drinks I buy are $1 more
The veggies seem like they're up by about 20%
So if today the total was $48, a year ago it would have been around $40 -
I've never bought a latte for myself in my entire lifetimegreenblood said:
Make your own coffee and stop buying lattes. I just saved you $15, you’re welcomeDerekJohnson said:I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.
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Yup. I’m pretty sure we had a thread a month or two talking about this. You think the price of gas has caused economic problems, wait until we see food or water prices go up.DerekJohnson said:
Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39BennyBeaver said:
How much did this exactly total 1 year ago?DerekJohnson said:I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.
The bacon I buy is now $7.99, and it was about $5.49 a year ago
The coffee drinks I buy are $1 more
The veggies seem like they're up by about 20%
So if today the total was $48, a year ago it would have been around $40
If COVID didn’t kill some restaurants, this will.
I don’t know how much of it can be attributed to COVID supply chain issues or to inflation, but it’s probably abundance. -
You guys sound kinda poor.
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Doog_de_Jour said:
Yup. I’m pretty sure we had a thread a month or two talking about this. You think the price of gas has caused economic problems, wait until we see food or water prices go up.DerekJohnson said:
Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39BennyBeaver said:
How much did this exactly total 1 year ago?DerekJohnson said:I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.
The bacon I buy is now $7.99, and it was about $5.49 a year ago
The coffee drinks I buy are $1 more
The veggies seem like they're up by about 20%
So if today the total was $48, a year ago it would have been around $40
If COVID didn’t kill some restaurants, this will.
I don’t know how much of it can be attributed to COVID supply chain issues or to inflation, but it’s probably abundance.<</b>/blockquote>
This, to me, is the key question. Supply chain issues are temporary and fixable; the type of inflation @HoustonHusky talks about is more problematic IMO. -
If it wasn’t for multiple sugar daddies, my high end clientele, and my OnlyFans account I’d be out on the streets.BennyBeaver said:You guys sound kinda poor.
