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Is inflation here?

Discussion in 'The Okie Corral' started by vart, Oct 4, 2012.

  1. vart

    vart

    12,353
    2,488
    Feb 17, 2000
    The Palouse
    My dad sure thinks so. He just put on a set of tires on his dually and it cost him $1700.

    He said the same tires 2 years ago ran him $1100.

    He said he's noticed that prices on everything have been going up the past few months and he thinks it is due to inflation from the Fed printing money like crazy.

    I don't know enough to agree or disagree with him.

    I do know that a few folks on talk radio have been warning of hyper inflation for a while...:dunno:

    What do you guys think?
     
  2. ilgunguygt

    ilgunguygt Enslaved in IL

    Tires and batteries have been climbing steady for some time now.
     

  3. Atlas

    Atlas transmogrifier

    12,512
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    Oct 1, 2001
    north of the equator
  4. RonS

    RonS Millennium Member

    13,661
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    May 27, 1999
    Oh, USA
    Can't prove it and not interested in arguing with anyone, but I am starting to cut back on some stuff because of cost. Went to the local slop shop the other night for some carry out and the cost was up about $6 for the three of us, all getting the usual junk food. Same with some other things. Some stuff is holding steady.
     
  5. itstime

    itstime

    7,176
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    Apr 9, 2006
    USA
    Yes. It's here. Go grocery shopping. Everything is going up.
     
  6. devildog2067

    devildog2067

    16,322
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    Apr 20, 2005
    Chicago
    Yes, we've been experiencing inflation at a fairly normal rate. However, a 55% increase in 2 years isn't due to "regular" CPI inflation. Some stuff just gets expensive faster than other stuff. Other things get cheaper.
     
  7. 427

    427

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    Nov 23, 2009
    KUMSC
    It's been here. Have you not been paying attention when you shop for necessities?
     
  8. devildog2067

    devildog2067

    16,322
    1,116
    Apr 20, 2005
    Chicago
    Not everything. In consumer electronics, for example, prices are dropping continuously. Yes, inflation drives up the price of stuff, but there are other market forces at play as well.
     
  9. devildog2067

    devildog2067

    16,322
    1,116
    Apr 20, 2005
    Chicago
    Rolling y-o-y change in the Consumer Price Index:

    [​IMG]
     
  10. Yes. Anytime you put massive amounts of money that is printed and not the result of labor it leads to inflation. Not possible otherwise... It is hidden because the dollar has devalued. Compare the price over the last 4 years of gas vs the dollar and then compare the price of gas vs Gold. the price is going up due to the devaluation of the currency. Look at packages, items that were 16 oz are now 14.5 oz , look at cereal boxes they are smaller too for the same amount.


    Sent via Messenger Pigeon
     
  11. Atlas

    Atlas transmogrifier

    12,512
    12
    Oct 1, 2001
    north of the equator
    This thread is gonna be fun.. :supergrin:
     
  12. At the grocery store I work in, some items have been steadily rising, while others haven't had a price change since 2008. (The price tags have the date the tag was generated printed on it.)
     
  13. VinnieD

    VinnieD

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    Mar 26, 2011
    Where have you been? Inflation has BEEN here, and getting worse over the last 4 years. The fact that not only is the fed printing money like crazy, but also attaching additional debt to every dollar printed, which requires more money printed to pay it, means that money is practically being stolen out of your pocket every moment the presses run.
     
  14. Atlas

    Atlas transmogrifier

    12,512
    12
    Oct 1, 2001
    north of the equator
    The CPI, yeah....


    You in particular understand the significance of valid and accurate metrics...
     
  15. devildog2067

    devildog2067

    16,322
    1,116
    Apr 20, 2005
    Chicago
    Well, you gotta start somewhere. Looking at the change in price of a particular set of tires over 2 years isn't going to give you a valid picture.
     
  16. 8-Ball

    8-Ball Old SoulSoul

    3,916
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    Aug 30, 2004
    Illinois
    Roughly a quarter of the make up of tires come from petroleum products. Petroleum goes up, tires go up.
     
  17. JPNH

    JPNH

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    May 17, 2003
    New Hampshire
    I would say that if you're buying tires, inflation is imminent.

    Sorry in advance.

    J
     
  18. SPIN2010

    SPIN2010 Searching ...

    1,781
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    Mar 14, 2010
    On the move ... again!
    Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.
     
  19. nmstew

    nmstew

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    Jan 6, 2007
    beautiful
     
  20. mgentry

    mgentry

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    Nov 21, 2010
    Mississippi
    Inflation is in the background but it will not be long at our spending/debt rate that it will come roaring into our economy.