| Abscate |
Mon Jun 16, 2025 3:24 am |
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pondoras box wrote: Prices didn’t go down after supply chain issues because of Covid, in fact inflation ran rampant. So probably not.
5% inflation isn’t rampant, and it eased back to the 2% target fairly quickly. There were spikes in certain foodstuffs but generally things have come back down.
Tariffs are a short term spike, market competition takes longer to push prices back down as they are used to test the market for higher prices, agreed. |
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| oprn |
Mon Jun 16, 2025 5:12 am |
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| Ya, don't hold your breath waiting... same as when you get a raise at work, you don't give it back easily! |
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| pondoras box |
Mon Jun 16, 2025 7:06 am |
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| Inflation grew 2% since January it didn’t drop down to 2% in fact that doesn’t even make since. There was no negative inflation. The old inflation is still there. Growth has slowed to a healthy amount. Interest rates have dropped. Inflation was well over 5% it’s what caused the interest rates to go up to highest in decades. Now with slower inflation growth interest rates will drop, commodities will get cheaper but prices on goods will stay darn near where they were. Did cars get cheaper no how about homes? Not around here. |
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| oprn |
Tue Jun 17, 2025 4:47 am |
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The only thing that has come down here is the price of fuel. That is because the present government dropped the carbon tax (a hot button issue) to get more votes. It worked, they got back in!
Which reminds me... I need to get a load of coal before they put the tax back on! |
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| zerotofifty |
Wed Jun 18, 2025 9:48 am |
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oprn wrote: The only thing that has come down here is the price of fuel. That is because the present government dropped the carbon tax (a hot button issue) to get more votes. It worked, they got back in!
Which reminds me... I need to get a load of coal before they put the tax back on!
Gasoline at $4.50 in California right now, a recent drop, probably to reduce the shock of the $0.65 carbon tax that is to go into effect July 1st in two weeks in sunny California.
Buckle up, it is going to be rough out here. |
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| Abscate |
Thu Jun 19, 2025 4:04 am |
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zerotofifty wrote: oprn wrote: The only thing that has come down here is the price of fuel. That is because the present government dropped the carbon tax (a hot button issue) to get more votes. It worked, they got back in!
Which reminds me... I need to get a load of coal before they put the tax back on!
Gasoline at $4.50 in California right now, a recent drop, probably to reduce the shock of the $0.65 carbon tax that is to go into effect July 1st in two weeks in sunny California.
Buckle up, it is going to be rough out here.
War in Middle East will push oil to near $90 , it’s way up already
Inflation annualized has been at 2-3%for the past year. Anecdotes like price of eggs are useless drivel, any one item can have local spikes which people cherry pick for their purposes. Good data is at tradingeconomics.com.
BLS is actually reducing inflation data collection as this administration wants to control alternative facts with things like LieSocial |
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| coad |
Thu Jun 19, 2025 4:37 am |
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| I guess we're done talking about Chinese parts, so this thread is finished. |
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