It went up more than 1k. Several here including me have detailed price increases on multiple things needed for daily life. I'll stand by my last sentence of my previous post
According to this chart, the price increase for rents (which would be followed by insurance) peaked one year ago. You are only seeing the price increases now but the damage was done last year.
Dang mc as I read that chart the ‘increase’ in 23 would be 6%. Maybe that is not significant in your eyes because of the 16% in 22 but heck, that is on TOP of the 16% the year before so it is quite a bit to stomach.
I should mention when business directors retire or leave the company, their position (unless core) is eliminated and replaced with a senior manager, who is paid less and with no stock options.
The impact of tight credit and sound money principles are about to hit the economy: US Import & Export Prices Signal Massive Deflationary Impulse | ZeroHedge
Surprise, surprise, surprise, look at the ginormous number of apartments going up in Katy and no one can be surprised because Katy is not the only place being overwhelmed. I’m surprised Biden and company have not come out with a proposal for a free Ev with every new apartment lease.
New York will soon tie its state minimum wage to inflation. As prices go up, so does the minimum wage.
Inflation is now down to 4.93%. This is towards the high end of the historical norm, and quite high for the last 15 years.
Now we have too many eggs because demand is down due to shoppers cutting back on purchases. Epic Collapse Of Egg Prices Shown In One Chart | ZeroHedge
I am on record now of predicting a mild recession until the Fed starts to cut rates: US Leading Economic Indicators Tumble For 13th Straight Month, "Weaknesses Were Widespread" | ZeroHedge
This was bound to happen, and in at least one sense, is a good thing. Housing prices have gotten way out of control. The incomes wouldn't support the price of housing. Housing prices were driven too far up based on speculative buying.
Huh? So shoppers go to store and see eggs for $1.99 instead of $5.99 and it will take MONTHS for them to see the difference?
Some people are creatures of habit. Once eggs are off the list, it takes a while to put them back on.
HHD, you should really be for bitcoin adoption, gold reserve currency, ending the Fed, slashing the US Fed budget. All these things are involved inflation. If all the things I listed happened your fixed dollar income would increase in purchasing power over time.
Exactly. Their basic economic principle is "Turn the printing press to print more money, then throw more money at every problem." Doesn't work.
Monahorns, I'm definitely in favor of cutting the federal budget - the more money the USG prints to throw around, the worse inflation gets.
Money printing can't happen without fiat currency, central banking, restrictive legal tender laws, fractional reserve banking.
Housing prices are down because increasing interest rates and down payment demands mean the available inventory is overpriced relative to the lack of discretionary housing income (in other words people are struggling to keep what they have).