What would you do faced with 50% inflation?

[elkhound]

https://www.zerohedge.com/energy/br...vt-scrambles-avert-energy-crisis-subsidy-plan


Energy bills are expected to drastically spike in the coming months after Ofgem, Britain’s energy sector regulator, announced on Thursday that it would be raising its price cap on household energy bills by 54% starting April 1, a record-breaking increase instituted to stop power utilities from sinking into bankruptcy in the face of surging LNG prices. That's on top of a 12% hike approved back in October.

The average household’s annual energy bill is currently between £1,277 ($1,730) and £1,370 in the UK, and the increase could saddle millions of families with enormously increased costs for heating and electricity.

 

[Bacpacker]

I think some people believe that we'll wake up one day and SHTF starts. That day. But this is a sneaky SHTF...it's going along a bit at a time so no one notices too much. At first.

The frogs in the pot are starting to simmer. Just wait until the full rolling boil hits

 

[Amish Heart]

By then, everyone will want to get out of the cities and move to the country, and then good luck with that. If you haven't done it yet, you won't then.

 

[montanabill]

Rocky mountain montana is feeling better and better. lots of firewood to keep warm and not too many people. Investing in real goods that we can use to make more money/trade credit and getting rid of any debt before the money gets devalued even more.

 

[LadyLocust]

This morning via radio, I heard that the report was in for consumer goods (gas, groc. etc). It was up 7.5% for January which is the steepest increase in 4 decades & is higher than they expected. (Really? Doh!)

 

[SheepDog]

Extend that 7.5% out for 12 months at the same rate and you get 90% for the year with only 2 more years to go.

 

[Neb]

Extend that 7.5% out for 12 months at the same rate and you get 90% for the year with only 2 more years to go.

I believe the 7 5% is an annualized number.

Believe

Ben

 

[SheepDog]

I haven't seen anything that attempts to represent it as such. I have been listening to people who show price increases higher than that in the last month. and a few that have dropped a little.
The things that are counted for monitoring inflation leave a lot of things on the outside so if you want true total inflation you have to calculate it yourself.

 

[Bacpacker]

Housing food and energy are no longer counted in the basket to produce the CPI numbers. That was taken out either under Clinton or Bush II. Thats the 3 largest expenses for a large % of the population.
Several months recently cpi was running 3 to 4 %. Yearly figures will be well into double digits

 

[Sourdough]

Rocky mountain montana is feeling better and better. lots of firewood to keep warm and not too many people. Investing in real goods that we can use to make more money/trade credit and getting rid of any debt before the money gets devalued even more.

Yep,.........people are going to deeply-deeply regret not moving far from humans.

 

[Neb]

I haven't seen anything that attempts to represent it as such. I have been listening to people who show price increases higher than that in the last month. and a few that have dropped a little.
The things that are counted for monitoring inflation leave a lot of things on the outside so if you want true total inflation you have to calculate it yourself.

The Princess told me it was annualized so I am going with her.

Ben

 

[LadyLocust]

Isn't the Fed. scheduled to raise interest rates 7 times this year? (Forget where I read/heard that.)

 

[Curmudgeon]

The Princess told me it was annualized so I am going with her.

Smart man!

 

[Curmudgeon]

Isn't the Fed. scheduled to raise interest rates 7 times this year? (Forget where I read/heard that.)

They've been talking about it, it will help tamp down inflation, but it creates it's own set of problems.

 

[Curmudgeon]

Housing food and energy are no longer counted in the basket to produce the CPI numbers. That was taken out either under Clinton or Bush II

Reading through, I was going to mention that. Many people don't realize it. I would say our true number is between 25 and 30 percent.

 

[ladycat]

According to the news, groceries are up 7.5%. I say BALONEY!

If prices keep going up at the rate they're doing, I'll end up on food stamps!
I get my fresh & frozen foods from Walmart and Sams. Not only are they often out of stock (which they weren't before Covid), what they do have has gone way up in price.
For my shelf stable groceries, pet food, household essentials, etc, I stack discounts at Amazon.
Before Covid, I typically averaged 70% off at Amazon (Compared to Walmart's prices), by stacking discounts and coupons.
Now I'm only saving 40% to 45% or so.
I guess we'll never again see the prices of 2 years ago.

I found my calculations for an Amazon order from before Covid, and did the math for January's order (which came yesterday), to compare. This gives you a different perspective of the inflation we're experiencing.

=================

Dec 2019

Almost all food, but also cat food, trash bags, and ziploc bags.

$46.79: My total for the Amazon order
$121.46: would be my total at Walmart/Target. (Target for one item that Walmart doesn't have)
$74.67: my savings. (61.5% off store prices)

Many months was well over 70% savings. I thought I had some of those totals in documents, but I can't find them.

=================

I wish I could find the calculations for my Feb 2020 order. I did super duper good that month, immediately before Covid burst on the scene. I kept thinking how Someone above was looking out for me, because it turned out to be the same stuff that disappeared off the grocery store shelves for a couple months.

=================

Jan 2022

Groceries, dog & cat food, laundry stuff
The laundry stuff was for my brother

Overall order
$198.61: My total for the Amazon order
$353.82: my savings.
$155.21: my savings. (44% off Walmart prices)

Dog/catfood only
Amazon: $93.14
Walmart: $157.83
$64.69 : my savings. (44% off Walmart prices)

Before Covid, pet food would have been 55% savings. Every month they had a few brands with 40% off coupons. When I stacked that with my 15% S&S discount, I got 55% off. Since Amazon's base price is the same as Walmart (or Chewy if Walmart doesn't have it), my savings was 55% off Walmart/Chewy.

Now they sporadically have a few 25% and 30% coupons (40% - 45% savings). But it's even worse than it sounds, because the base ("regular), prices have gone up.

So I am saving off current retail prices, but overall I'm spending more than I was up until 2 years ago.

=================

The pics are 2 views of my order that came yesterday.

 

[RidgeRunner]

I recall paying $4500 to have a deep well put in. This morning I heard the price today is $10,000.

 

[txcatlady]

I recall paying $4500 to have a deep well put in. This morning I heard the price today is $10,000.

Our well cost more than that

 

[angie_nrs]

They've been talking about it, it will help tamp down inflation, but it creates it's own set of problems.

Yes, and it won't do anything to the inflation we've already seen. It will (maybe) only affect inflation moving forward. It's awfully hard to stop a ball thats rolling downhill already, and at this point, I don't think the Fed has much control over it. We were already at a tipping point, and we've already tipped too far. It's only a matter of time before the table is soaked.

I don't believe ANY of the numbers the media or gov is putting out there. Like ladylocust, I do my own math and make my own observations. For example, I was in town yesterday for a quick trip and ran in to WM just to get some veges and lunch meat. Meat is well over a $1 more per pound than it was the last time I was there a month ago or so. I also grabbed some bags of salad that were 97cents the last time I was there.....now it's $1.38 per bag. I grabbed a clam shell of tomates, which suck this time of year anyways, but the organic ones were $2.99 and the regualr ones were all $3 and change. At this point, I don't even think the stores can keep up with their price increases on all items.

My suggestion is this.....if you see an item that hasn't gone up in price, get it NOW! Hubs was looking thru the Northern Tool magazine yesterday and said the price of the small honda generators look the same as they did last spring when we bought them. That's good news for someone who is in need of that kind of thing. Although, they don't offer the discount deals like they used to. However, if you look long enough, you can find a coupon code, even if it's a small one.

It's pretty bad when a 'deal' is now finding a price on something that hasn't gone up in price, but I believe that's exactly where we're at right now.

 

[Terri9630]

I recall paying $4500 to have a deep well put in. This morning I heard the price today is $10,000.

Our well cost more than that

We just had a well put in at $35 per foot. That was only for the well and casing. The pump set up is separate.

 

[viking]

I recall paying $4500 to have a deep well put in. This morning I heard the price today is $10,000.

Around here in Oregon it's around $15,000 and it's been a while since I heard that figure, so who knows what the figure is now. Another thing that's being done is that they are putting license tags on all wells being drilled, the state has been talking about metering wells, springs too?, so they can charge us for water used.

 

[Amish Heart]

What a scam the Kroger Stores are running. Went today for grocery shopping. Prices on everything are sky high. I was there for a few sales with some coupons I had and a few items that didn't have the priced hiked. So Kroger brand canned beans now say: Regular low price of $1 a can. Last year was 59 cents a can of beans. The saleslady said, "Wow, you saved $54.00 today". That's where the scam is. So if Knorr Spanish rice was $1 last month, and they raised the price to $1.25 this month, the 25 cents totals to your, "Wow! Savings!" Their 20lb bags of rice Kroger Brand cheap white stuff used to be about 50 cents a lb. Now it's $1.25 a lb. What the heck. So cans of chicken cleared out, not surprised. They put the new sticker price to $4.99 for the can. Alaska Prepper did just mention this about Sams Club hiking their price up on canned chicken. They had the very small cans, what was left, for a buck. I got a bunch. I bet when they're out, they'll restock at $2 a can. The Armour Brand Chipped dried beef was $2.19, just a few months ago. Now $3.69 for that little jar. Glad I have a bunch. I noticed alot of people shopping in the aisles I was in just staring at the price. Since when is a box of Kraft Mac and Cheese $1.25? I guess now.

 

[Curmudgeon]

So cans of chicken cleared out, not surprised. They put the new sticker price to $4.99 for the can.

Ouch, that's what I paid last week for a 2 pack of the large cans.

 

[Amish Heart]

If you see any under $3 a can, better get them

 

[Pearl]

Pretty sure we are close to it!! Stopped by WM on my home today, OUCH!

 

[ladycat]

As of December 11, most of the Campbell's Condensed Soups, (10.5oz. cans) were still $1.48 at Walmart.
Today they are $1.72.

I usually only buy the Cream of Chicken and Cream of Mushroom, and I have several cases of each already. The increase is what I discovered while posting the grocery deals this morning.

Almost every day I find something that went up. Sometimes only pennies, sometimes it's a jaw dropping amount.

The increases are getting more often and bigger in the last several weeks.

And it's going to continue to get worse this year.

 

[WVDragonlady]

I've noticed lately that our local grocery has been posting in their sales paper that a product is a percentage off instead of giving a real price.
Like steakums are 40% off, some fish is 25% off, even some fancy bread in the bakery is 25% off, etc.
I'd rather know the price lol

 

[snappy1]

I've noticed lately that our local grocery has been posting in their sales paper that a product is a percentage off instead of giving a real price.
Like steakums are 40% off, some fish is 25% off, even some fancy bread in the bakery is 25% off, etc.
I'd rather know the price lol

When they do that in this area, it is because they raised the prices. Trying to make it sound better.

 

[elkhound]

 

[elkhound]

2-15-22 Listen real close to details.