What would you do faced with 50% inflation?

[ladycat]

How to laugh at inflation.

I just did the math for my February Amazon grocery order (which will be arriving in a few days).

My Total: $194.09
Would have cost at the local stores: $428.91 (almost all Walmart)
Savings: $234.82

This is primarily pantry staples (canned and packaged foods), a couple of over the counter meds, and a couple other odds and ends.
Not all for me. Some is for my brother, and some for donating to a needy family.

 

[jazzy]

How to laugh at inflation.

I just did the math for my February Amazon grocery order (which will be arriving in a few days).

My Total: $194.09
Would have cost at the local stores: $428.91 (almost all Walmart)
Savings: $234.82

This is primarily pantry staples (canned and packaged foods), a couple of over the counter meds, and a couple other odds and ends.
Not all for me. Some is for my brother, and some for donating to a needy family.

ive been thinking of dpoing that with amazon--how do they ship? fed ex or ups is best for me, too many problems with local usps . dont have home mail delivery up here and too many missing or delayed packages marked as 'delivered' that i dont get..

 

[ladycat]

ive been thinking of dpoing that with amazon--how do they ship? fed ex or ups is best for me, too many problems with local usps . dont have home mail delivery up here and too many missing or delayed packages marked as 'delivered' that i dont get..

99% is shipped by UPS.
If you want to save like I do, you'll need to learn the tricks, I have tutorials for that in my discussion group. If you just browse Amazon at random, you'll save very little.

 

[DrJenner]

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

Just our deposit was 5000. They told us to expect at least 10,000 -20,000.

 

[jazzy]

99% is shipped by UPS.
If you want to save like I do, you'll need to learn the tricks, I have tutorials for that in my discussion group. If you just browse Amazon at random, you'll save very little.

thanks so much!

 

[ladycat]

YIKES!
The family size boxes of Chex cereal were $3.47 at Walmart on January 4, and now they're $4.18!

 

[Amish Heart]

Even the prices at the amish store went up. A can of chicken today was $4.29, was $2.98 last week. A 10# bag of potatoes there last week was $3.89. Now $4.29.

 

[ladycat]

A can of chicken today was $4.29, was $2.98 last week.

I am SO happy I got that deal on canned chicken the other day at Amazon.
Now if they would have some deals like that on ham and turkey!
If HPAI keeps spreading and they start quarantining states, turkey and chicken will both get very scarce very fast.

 

[Amish Heart]

I'm watching the Aldi price on it right now. The last two weeks, I have bought 12 cans each week at just under $3. So I'll check it next week.

 

[ladycat]

Sometime since January 9, Walmart's price on Rotel went from 98¢ a can to $1.24 (!)

Other drastic increases I've seen in the last couple weeks are on cereal and trash bags. (and more! It's hard to keep up, the price increases have accelerated since the first of the year!)

Another thing I'm noticing, Walmart's grocery prices are going up faster than Amazon, so what happens is, Walmart goes up on something, and Amazon still has Walmart's old price, plus, Amazon will also have a coupon + the S&S discount, making Amazon WAY cheaper. In many cases less than half of Walmart's current price.

That makes me happy to see, but I doubt that situation will last long, as Amazon raises prices to keep pace with Walmart.

I will watch the rock bottom deals at Amazon while I can to fill any holes in my preps. I don't need very much, just a few odds and ends. I'm well stocked up on most items.

 

[Curmudgeon]

If you want to save like I do, you'll need to learn the tricks, I have tutorials for that in my discussion group.

Are grumpy old guys privy to your group? Wife and I were just discussing this and we're interested in some trade secrets, lol.

 

[Biggkidd]

Is it time for a new thread titled How do we handle 100% inflation? For I do believe we have crossed the 50% mark already in real living costs.

 

[Eli]

The first sign it is happening?? What are you looking for? IMHO, it IS happening now. There have been several shortages on goods and the prices don't seem to be stopping anyone from buying. What does that tell me? It tells me that people see the writing on the wall. It may not be a complete 'panic' situation now, but it is close. TP is still on the shelf, so 'panic' hasn't hit that level yet, but those (like many on this forum) can see it happening before our eyes and are buying whatever they can now. If you wait too long.....you won't be able to buy those 'big' ticket items b/c there won't be anything left. It's getting that way right now for many prouducts, especially with anything that has a computer chip or motor.

It may not be an overall 50% inflation rate currently, but I'm preparing now for just that. I'm spending cash like a drunken sailor.....just not on things a drunken sailor would spend on. I'm still investing in the market, b/c typically the market will keep pace with (and even beat) inflationary pressures. We are purchasing those things now that have been on our wish lists for a very long time. Unfortunately many of those purchases also come with a lot of work. So, we've been busy working and spending. When this year is in the rearview mirror, hopefully we can look back and be proud of how much we accomplished this year.

As far as energy prices, next month we will be meeting with someone to discuss geothermal options. That should save lots of money moving forward, even though the initial investment will take 4-6 years to pay for itself. I can live with that. That timetable may be even shorter if inflation really takes off.

Yes. This. I feel it in my gut. Very uneasy. And just starting on getting things set up. Bought bout 20 achers to hunker down on. But no gardens or live stock yet.

 

[WVDragonlady]

No garden no problem. Use containers. Grow something instead of nothing

 

[ladycat]

Are grumpy old guys privy to your group? Wife and I were just discussing this and we're interested in some trade secrets, lol.

You can click my sig to go to the deals page. The pinned topic there has a link to the tutorial group.

 

[Curmudgeon]

You can click my sig to go to the deals page. The pinned topic there has a link to the tutorial group.

Nothing happens when I click on it.

 

[Eli]

No garden no problem. Use containers. Grow something instead of nothing

Absolutely. Once I've got water to grow things with. In a dry season atm. I'm hoping my vehicle can make it down to the pond to haul some buckets up to my shady nook. Though I'm not sure I want to risk getting it stuck up there. Need a big branch and 2 buckets no joke lmao

 

[ladycat]

Nothing happens when I click on it.

Huh. Looks like the link broke or something. I'll see if I can get the links to work inside this post.

My Deals Page

The associated group

 

[Curmudgeon]

Huh. Looks like the link broke or something. I'll see if I can get the links to work inside this post.

My Deals Page

The associated group

That worked, I liked the page. Thanks

 

[Katie Müller]

Anyone with good math skills and economic foresight to be able to predict the inflation rate by the end of the month? I can't buy a few things 'til April when thy become available and am worried what inflation might do to the products by then.

I've done the math and grocery-wise, it looks like 20-25% inflation. Will it be the same next month or double?

 

[ladycat]

Anyone with good math skills and economic foresight to be able to predict the inflation rate by the end of the month? I can't buy a few things 'til April when thy become available and am worried what inflation might do to the products by then.

I've done the math and grocery-wise, it looks like 20-25% inflation. Will it be the same next month or double?

I don't know, but as rapidly as prices are rising, I'm not very hopeful. Every single day I'm finding a few items that have gone up in price.
Sometimes the first I've seen that particular item go up since before covid, and sometimes it's like, what, AGAIN? Because some items are creeping up a little at a time, a few more pennies or 50 cents every few weeks. Which means some items have nearly doubled since covid started, just not all at once.

 

[LadyLocust]

Definitely a good time to plant (though a little early here) so the grocer won't be as much of a necessity.

 

[ladycat]

Definitely a good time to plant (though a little early here) so the grocer won't be as much of a necessity.

Unfortunately, that's not an option for everyone.

 

[Katie Müller]

I don't know, but as rapidly as prices are rising, I'm not very hopeful. Every single day I'm finding a few items that have gone up in price.
Sometimes the first I've seen that particular item go up since before covid, and sometimes it's like, what, AGAIN? Because some items are creeping up a little at a time, a few more pennies or 50 cents every few weeks. Which means some items have nearly doubled since covid started, just not all at once.

I've seen steady inflation since Covid. From January to February, I believe it was a 7 percent increase in inflation. Gas in ONE WEEK went up 14%. I could cope with a 7 percent inflation increase over a month; I'd still be able to afford the products I need, but I just have no idea how fast prices are going to shoot up. Are we on the J curve heading straight up or are we still in the bottom tail?

Definitely a good time to plant (though a little early here) so the grocer won't be as much of a necessity.

We won't be planting this year; it's the year of rest. Last year we had a big garden and next year we're planning a big garden, though.

 

[SLADE]

The key is that you prioritize your purchases when faced with certain inflation.
Yes. Prices have a good chance of going up this month.

 

[Katie Müller]

The key is that you prioritize your purchases when faced with certain inflation.
Yes. Prices have a good chance of going up this month.

I know they'll go up, but I'm just trying to logically guesstimate the percentage certain grocery items might go up. Everything is prioritized. I've got items I'm willing to sacrifice if it goes over a certain % but was hoping to be able to get those products.

 

[LadyLocust]

I've seen steady inflation since Covid. From January to February, I believe it was a 7 percent increase in inflation. Gas in ONE WEEK went up 14%. I could cope with a 7 percent inflation increase over a month; I'd still be able to afford the products I need, but I just have no idea how fast prices are going to shoot up. Are we on the J curve heading straight up or are we still in the bottom tail?



We won't be planting this year; it's the year of rest. Last year we had a big garden and next year we're planning a big garden, though.

I don't know what a year of rest is I just rotate where I plant things.

 

[Tootsie]

not many follow the plan of letting the land rest. I believe it’s Biblical, but don’t know the reference. I did know someone who did that, and he showed quite a bit of concern about his farm, not using chemicals or big equipmen, and leaving woods and the edges of the field for the wildlife.

 

[Bacpacker]

It's called a "Year of Jubilee". IIRC it is also called to forgive any debts you are owed as well. I'd have to look up the passage, but it is more than just leaving the land fallow 1 year of every 7

 

[Amish Heart]

Plant cover crops in the fall and then let them rot in and till them in the spring. The dirt will do fine that way