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

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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #322 on: August 10, 2024, 12:03:28 PM »
I just paid $4.19 for 91 octane yesterday. 
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #323 on: August 10, 2024, 12:03:31 PM »
How about beer and wine prices where you are?  They have not gone up here much, a 12 pack of good beer went from ~$16 to ~$17-18.  Wine is about the same, and I buy wine pretty often.  I've been getting Josh cases over the past few years, I think they do a decent job for the money.  

847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #324 on: August 10, 2024, 12:05:20 PM »
A case of basic beer (Pabst) runs about $27 here.

A 12 of Modelo I just bought was $16.49.
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betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #325 on: August 10, 2024, 12:07:24 PM »
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.
WTF??

I just looked in my freezer. Boneless skinless breast $2.99/lb. Wings $2.49/lb. 

I don't know where you're shopping, but you're getting screwed. 

utee94

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Re: How do you think the US economy is doing right now?
« Reply #326 on: August 10, 2024, 12:07:34 PM »
6-pack of local craft beer here is around $10.  4-5 years ago it was more like $8.  25% increase isn't bad for something that has VERY inelastic demand with respect to pricing.

Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #327 on: August 10, 2024, 12:19:22 PM »
An item that is WAY up in price catches our eye, and we tend not to notice that some other item is barely if any up in price.

Our impressions can be misleading.

Mine included.


utee94

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Re: How do you think the US economy is doing right now?
« Reply #328 on: August 10, 2024, 12:21:16 PM »
WTF??

I just looked in my freezer. Boneless skinless breast $2.99/lb. Wings $2.49/lb.

I don't know where you're shopping, but you're getting screwed.
Chicken wing prices are highly volatile.  Current price at my local grocer is $3.63/ lb and that's for the cheapest brand, the store's entry-level own-brand.  Average national price was around $1.69/lb in 2019 so that's around 114% inflation.

HOWEVER

It wasn't so long before that, that wings were $.79 or $.89 per lb. 
The ever-increasing popularity of chicken wings is not the fault of the president, I can't blame Sleepy Joe for the law of supply and demand. :)


Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #329 on: August 10, 2024, 12:23:18 PM »
I recall at some restaurants advertising wings for a quarter (happy hour).  This was maybe 2010ish.  That is an item that has really zoomed in popularity, and in most cases, I don't find them worth it.  I prefer legs at home.

We're about to get a Lyft to the ATL, see ya.

847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #330 on: August 10, 2024, 12:25:18 PM »
WTF??

I just looked in my freezer. Boneless skinless breast $2.99/lb. Wings $2.49/lb.

I don't know where you're shopping, but you're getting screwed.
Look on a map to see where we are in the country. I'll help.


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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #331 on: August 10, 2024, 12:47:46 PM »
I'll probably go get some of these today.






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betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #332 on: August 10, 2024, 01:32:03 PM »
Chicken wing prices are highly volatile.  Current price at my local grocer is $3.63/ lb and that's for the cheapest brand, the store's entry-level own-brand.  Average national price was around $1.69/lb in 2019 so that's around 114% inflation.

HOWEVER

It wasn't so long before that, that wings were $.79 or $.89 per lb. 
The ever-increasing popularity of chicken wings is not the fault of the president, I can't blame Sleepy Joe for the law of supply and demand. :)
I wonder if wings actually get more expensive when football season rolls around? 

betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #333 on: August 10, 2024, 01:34:08 PM »
Look on a map to see where we are in the country. I'll help.



I know where live. But $8.99/lb for boneless skinless chicken breast seems like the kind of thing you'd find here, at Gelson's Market (upscale compared to Whole Foods), in Newport Beach. And even then only for organic. 

What's up with food prices in Florida??

betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #334 on: August 10, 2024, 02:11:14 PM »
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. 
According to this, using 2019 is a bit of cherry-picking... 2019 was the lowest price for a dozen eggs since 2006, at $1.40/dozen. 2018 was $1.76, and back in 2015 it was as high as $2.47. 

National price is currently $2.71, suggesting NEARLY 100% price inflation (94%), but only if you use a statistically very cheap year for eggs. If you started with 2018 it'd be 54% and if you used 2020 it'd be 79%. 

Also note that using a single commodity is difficult, because it may reflect factors beyond simple inflation. For example, the rise of bird flu and the rising costs to mitigate it. 

longhorn320

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Re: How do you think the US economy is doing right now?
« Reply #335 on: August 10, 2024, 02:26:33 PM »
According to this, using 2019 is a bit of cherry-picking... 2019 was the lowest price for a dozen eggs since 2006, at $1.40/dozen. 2018 was $1.76, and back in 2015 it was as high as $2.47.

National price is currently $2.71, suggesting NEARLY 100% price inflation (94%), but only if you use a statistically very cheap year for eggs. If you started with 2018 it'd be 54% and if you used 2020 it'd be 79%.

Also note that using a single commodity is difficult, because it may reflect factors beyond simple inflation. For example, the rise of bird flu and the rising costs to mitigate it.
I think its more then inflation creating price increases 
They won't let me give blood anymore. The burnt orange color scares the hell out of the doctors.

 

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