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Inflation Beyond the Stars Thread for April 12


               
2022 Apr 12, 12:49am   212,903 views  1,912 comments

by TheAntiPanicanLearingCenter   follow (9)  

Since we know the numbers are going to suck since Peppermint Patty is leading the Amen Corner Media to blame Putin for it:
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati

Frankly, I prefer my spaceship to have big tits and not fake inflated ones.

EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'

https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net

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1736   Tenpoundbass   @   2025 Jun 29, 8:14pm  

This meme sums up over inflated RE more than 20 years of Patrick.net convos, debates, posts and hills to die on.
The_Deplorable says




1737   AD   @   2025 Jul 3, 8:46pm  

1977 prices

$1 dollar in 1977 is equivalent to around $4.25 in today's dollars

you would never get these deals like all you can eat fried fish meal for less than $10 in anywhere


1740   zzyzzx   @   2025 Jul 11, 7:27am  



1741   zzyzzx   @   2025 Jul 11, 7:28am  



1742   Shaman   @   2025 Jul 11, 2:02pm  

I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…
Didn’t make him happy.

Tenpoundbass says

This meme sums up over inflated RE more than 20 years of Patrick.net convos, debates, posts and hills to die on.
The_Deplorable says






1743   Blue   @   2025 Jul 11, 3:51pm  

The_Deplorable says





This is one example that anyone can see and there no evidence that the current trend would stop anytime soon!
1744   HeadSet   @   2025 Jul 11, 7:07pm  

Shaman says

I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…

Proving that inflation exists does not mean buying a house is a bad idea. If one is going to be staying in an area for several years, buying a house is a good hedge against that inflation.
1745   RWSGFY   @   2025 Jul 16, 8:22am  

“Americans as of Sunday faced a 20.6% average effective tariff rate, according to the Yale Budget Lab, the highest since 1910.
The full effect of the tariffs might not be felt for months …. But the … resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income.”
1746   TheAntiPanicanLearingCenter   @   2025 Jul 16, 9:06am  

0% inflation last month
1747   MolotovCocktail   @   2025 Jul 16, 9:51am  

PanicanDemoralizer says

0% inflation last month


But, but TARIFFS CAUSE INFLATION!
1748   RWSGFY   @   2025 Jul 16, 10:03am  

MolotovCocktail says

PanicanDemoralizer says


0% inflation last month


But, but TARIFFS CAUSE INFLATION!


They do. The effect was offset by lower gasoline and used car prices, so the headline number came up prettier than it should have been. And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.
1749   MolotovCocktail   @   2025 Jul 16, 10:16am  

RWSGFY says


They do.


No. They don't. Because tariffs cause demand destruction, which is deflationary.

RWSGFY says

And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.


Then explain the tax revenues from this last quarter?
1750   stereotomy   @   2025 Jul 16, 10:38am  

RWSGFY says

The effect was offset by lower gasoline and used car prices,

Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.
1751   RWSGFY   @   2025 Jul 16, 10:40am  

stereotomy says

RWSGFY says


The effect was offset by lower gasoline and used car prices,

Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.


There isn't? What happened?
1752   RWSGFY   @   2025 Jul 16, 10:41am  

MolotovCocktail says


Then explain the tax revenues from this last quarter?


Expand on the ask.
1753   zzyzzx   @   2025 Jul 23, 7:17am  

One less ounce:


1754   zzyzzx   @   2025 Jul 23, 7:25am  

Even saw blades are thinner now:


1755   zzyzzx   @   2025 Jul 23, 7:40am  

Walmart rolling forward:


1756   Patrick   @   2025 Jul 29, 1:05pm  



1757   Patrick   @   2025 Aug 1, 1:00pm  

https://rudy.substack.com/p/valuation-ambiguity


Taco Bell, September 2020 vs today.

Soft Taco: 2020 $1.29, Today $1.99, BLS Calculator: $1.60

Soft Taco Supreme: 2020, $1.79 Today, $2.99 BLS Calculator: $2.22

BLS calculator understates here by 25%-35%.
1761   AD   @   2025 Aug 17, 12:42am  

In 1967, the Big Mac debuted at the princely sum of 45 cents. That seems like a joke to us by 2020s pricing standards, but McDonald's execs actually fretted over the sum, since, at the time, a basic drive-thru hamburger cost just 18 cents. As of this writing, the average price for a modern Big Mac varies by state, with diners in Austin, Texas paying $4.36, and Big Mac lovers in Seattle paying $7.06. Driven by inflation, the average price of a Big Mac has swelled by 141% in the last five years, which is extra disappointing when you consider that, if it were adjusted for inflation, the 1967 price tag of 45 cents translates to just $4.23 in today's dollars. Unless you grab a Big Mac on the lowest end in the Lone Star State, you are likely paying significantly more for it today.

https://www.msn.com/en-us/money/companies/the-price-of-a-big-mac-when-it-debuted-in-1967-is-laughable-today/ar-AA1KzWZv
1762   HeadSet   @   2025 Aug 17, 1:11pm  

It seems the word is out to talk up inflation. Pick you start and end dates carefully and be sure to use spice words like "explodes," "surges," "skyrocketing," "spiked," etc. Gee, with this looming hyperinflation the Fed should actually raise rates.
1763   MolotovCocktail   @   2025 Aug 18, 9:48am  

HeadSet says

Gee, with this looming hyperinflation the Fed should actually raise rates.


There won't be hyperinflation.


1764   AD   @   2025 Aug 30, 3:06pm  

.

annual inflation as per PCE remains steady below 3% and is currently 2.6% , however PCE minus food and energy (called core PCE) is at 2.9% :-/

https://www.bea.gov/data/personal-consumption-expenditures-price-index

Truflation another closely followed calculation of annual inflation is at 2.16%

https://truflation.com/marketplace/us-inflation-rate

.
1765   zzyzzx   @   2025 Sep 10, 5:38am  



1766   zzyzzx   @   2025 Sep 10, 5:42am  



1767   zzyzzx   @   2025 Sep 10, 5:46am  



1768   zzyzzx   @   2025 Sep 10, 5:47am  



1769   zzyzzx   @   2025 Sep 10, 5:50am  

-11% Animal protein:


1770   zzyzzx   @   2025 Sep 10, 5:58am  



1771   zzyzzx   @   2025 Sep 10, 5:59am  



1772   zzyzzx   @   2025 Sep 10, 6:03am  



1773   zzyzzx   @   2025 Sep 10, 6:06am  

Less trash bags:

1774   zzyzzx   @   2025 Sep 10, 6:11am  



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