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Topic: How do you think the US economy is doing right now?
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Cincydawg · « **Reply #308 on:** August 10, 2024, 09:44:30 AM »

Most of us have lived through inflation periods higher than today's, and we're more used to it, but it has been so lowish for so long, we forget a bit, and younger folks are stunned. It's a "new thing" for them. They see prices jump and it's out of their experience base.

I recall reading a book advising folks to "invest" in canned goods, etc., because they'd be more expensive later, and you'd be getting a ~12% return on your investment.

I know a lot of folks are just struggling to buy what they need after cutting back a lot, and they don't like it, no matter what the stock market does or what government figures are claiming.

utee94 · « **Reply #309 on:** August 10, 2024, 11:14:10 AM »

I don't recall ever seeing the price of staple foods increase by 100% over a 2-4 year span. I don't remember the stagflation of the 70s very well but it certainly hasn't happened in my adult lifetime. The current food and medicine crisis is not "ordinary" by any means.

Cincydawg · « **Reply #310 on:** August 10, 2024, 11:20:03 AM »

I personally have not seen a 100% price increase in any food items. I'm going by the government inflation reports.

utee94 · « **Reply #311 on:** August 10, 2024, 11:24:09 AM »

Quote from: Cincydawg on August 10, 2024, 11:20:03 AM

I personally have not seen a 100% price increase in any food items. I'm going by the government inflation reports.

I've already linked it several times, if you've chosen not to read it that's your choice but it doesn't change the facts.

Personally off the top of my head I can cite eggs, over 100% in 4 years easy. Historically one of the cheapest and most effective sources of protein, especially for the poorest segments of our population.

Cincydawg · « **Reply #312 on:** August 10, 2024, 11:28:11 AM »

I'm just related my personal experience, which is anecdotal. I understand maybe some items I rarely purchase have shot up in price, usually that's a case of some special event like "bird flu" or somesuch. Eggs here are not double what they were in 2020.

Ground beef has gone from ~$5-6 to ~$7 or so, 80/20 grade, I usually get it on sale. I would agree some specific items have increased 50% in my experience. Some have not, more like 15% or so.

Milk has gone up, we don't buy it often, maybe $1.50 to $2.30 for 2 qts.

847badgerfan · « **Reply #313 on:** August 10, 2024, 11:32:46 AM »

4 years ago, 80-20 ground beef was $3.99 here. Now it's $7.99.

utee94 · « **Reply #314 on:** August 10, 2024, 11:36:42 AM »

Yeah I have no idea where CD is shopping but I sure wish I had access to it here.

Cincydawg · « **Reply #315 on:** August 10, 2024, 11:40:49 AM »

We shop at the local Kroger, and Costco. This 100% thing is simply not what I personally have experienced.

I know the steelhead trout at Costco is the same price it's always been, not that Costco is a particularly good reference. The coffee I buy used to be $10, now it's $13, Columbian 3 pound cans, Kirkland. Vegetables are about the same price overall here, up some no doubt, same with fruit.

longhorn320 · « **Reply #316 on:** August 10, 2024, 11:41:59 AM »

Quote from: utee94 on August 10, 2024, 11:36:42 AM

Yeah I have no idea where CD is shopping but I sure wish I had access to it here.

CD is one of the beautiful people

He doesnt shop

He just dines at the local sidewalk cafe

Cincydawg · « **Reply #317 on:** August 10, 2024, 11:44:58 AM »

I shop personally at Kroger once a week or so. We go to Costco once a month or so. A few days ago, I bought a large package of chicken legs for $5 at Kroger, on sale, but there were 12-14 legs in the pack. Chicken breasts are not that pricey there either. They have good sushi at that Kroger, and it used to be $5 on Wednesdays, now it's $6. We get it for lunch fairly often. We think it's about as good as in some restaurant at 4x the price.

847badgerfan · « **Reply #318 on:** August 10, 2024, 11:55:48 AM »

Inflation apparently has not hit Midtown.

Prices are absolutely sick here.

$8.99/pound for boneless chicken breast. Just bought some yesterday.

4 years ago, wings were $2.99/pound. Now they are $5.99. Sometimes $4.99 if on sale, but you have to buy 3 pounds.

Seafood has also gone up a lot too.

In the Gulf, you have to go out 30-50 miles to get the good stuff. Boats use gas, and we all know about gas prices.

utee94 · « **Reply #319 on:** August 10, 2024, 11:59:57 AM »

2019 price for eggs at my local grocery store, was around $1.10/dozen. Current price is $2.77/dozen. These aren't fancy organics or anything, they're the base for large Grade A in the cheapest version of the store's own-brands. Basically, what the poor people (and me) buy for basic protein needs.

154% increase.

Cincydawg · « **Reply #320 on:** August 10, 2024, 12:00:26 PM »

My last gas fillup was $2.85 here, at Costco. It's around $3.30 elsewhere at regular stations, about the same price as in 1980 adjusted for inflation.

I mentioned the Totchos next door have gone from $10 to $15, not $20 (yet). Our Kroger technically is not in midtown. We're going to shop at a Safeway in Sedona, I'll get a brief peak at what prices are there. We usually get stuff for breakfast and lunch and then fine out. I might cook steaks at the resort, we'll see. They have grills about.

We have a small kitchen in the unit.

847badgerfan · « **Reply #321 on:** August 10, 2024, 12:02:36 PM »

Quote from: Cincydawg on August 10, 2024, 12:00:26 PM

My last gas fillup was $2.85 here, at Costco. It's around $3.30 elsewhere at regular stations, about the same price as in 1980 adjusted for inflation.

I mentioned the Totchos next door have gone from $10 to $15, not $20 (yet). Our Kroger technically is not in midtown. We're going to shop at a Safeway in Sedona, I'll get a brief peak at what prices are there. We usually get stuff for breakfast and lunch and then fine out. I might cook steaks at the resort, we'll see. They have grills about.

We have a small kitchen in the unit.

That will save you a ton of money. Sedona is not cheap by any stretch. Breakfast out can be a $50 ordeal, depending on where you go.

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Topic: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

utee94

Re: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

utee94

Re: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

847badgerfan

Re: How do you think the US economy is doing right now?

utee94

Re: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

longhorn320

Re: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

847badgerfan

Re: How do you think the US economy is doing right now?

utee94

Re: How do you think the US economy is doing right now?

Cincydawg

Re: How do you think the US economy is doing right now?

847badgerfan

Re: How do you think the US economy is doing right now?