Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Bar-B-Lew]

I would have been tempted to buy as much as my freezer could hold for that price.

[02ebz06]

I don't blame you.  Nice score!!!   

[hughver]

I would have been tempted to buy as much as my freezer could hold for that price.

I just did. I had them cut me 6 2.5": ers. They weighed 1.5# each. Vacuum packed and froze.

[Bentley]

They are not as bad as I though, but it is hard to pull the trigger on a $270 hunk of meat...and I know how good it is going to taste.  Not sure why the huge discrepency between the Rib Roast and Strip.  Historically here, they are about $2 apart!

[02ebz06]

Dang,  that could drive one to become a vegetarian.

[Brushpopper]

Those prices are what they are at our H-E-B. 

[02ebz06]

Picked up a Prime Brisket at Costco today.

As a result of this trip to Costco, I learned a valuable lesson...
I should NOT go shopping with my wife!  We spent about $300 more than if she had gone by herself.   

[urnmor]

IMO we have not seen the top.  Until fuel prices drop especially diesel these cost are going to continue to escalate. I have seen some of the items I buy jump 20 percent or more. I have not been to my butcher in a few months and I must admit I am scared to go

[elenis]

My younger sister works at Kroger and because of the soaring inflation and all they went through and raised the base cost of all products by 10% a couple of weeks ago.

[Bar-B-Lew]

I believe inflation is part of the law of supply and demand.  Right now we have low supply on a lot of things and high demand for those same things.  I don't see the supply chain fixing itself anytime soon.  Thus, inflation is not decreasing until people stop buying those things that have had price inflation.  That includes gas and diesel.

[Bentley]

1980 the CPI was 82.4 and inflation was 13.5%. 1981 CPI was 90.9 and inflation was 10.3%. 1982 CPI was 96.5 and inflation was 6.1%.  1983 the CPI was 99.6 and inflation was 3.2%.  So we should se a return to normal inflation sometime between late 2023 and early 2024!

[Bar-B-Lew]

1980 the CPI was 82.4 and inflation was 13.5%. 1981 CPI was 90.9 and inflation was 10.3%. 1982 CPI was 96.5 and inflation was 6.1%.  1983 the CPI was 99.6 and inflation was 3.2%.  So we should se a return to normal inflation sometime between late 2023 and early 2024!

If inflation was only related to the supply chain issues caused by covid, I think you have a good estimate for timing.  If there continue to be military conflicts and severe sanctions involving countries that are major international trade partners in energy, technology, or food related products, I think it could take longer for prices to reside.

[02ebz06]

Prices have definitely gone up.
A year ago I could buy A&W Root Beer (16oz.) six-paks  at 4 for $10.
Yesterday they were 3 for $12.  I didn't buy any.
$2.50/six-pak to $4.00/six-pak. That's a 60% increase in 12 months.

[dk117]

interesting no one mentioned Fed Govt Stimulus.  QE from 2008 to 2014 ... inexplicably to economists ... did not generate inflation.  2000, 2021, 2022 COVID Stimulus  https://www.usaspending.gov/disaster/covid-19?publicLaw=all  $3.6trillion.  Economists expected this. 

That money is going somewhere, to rent, to healthcare, to bills, to Beef Prices Near You.

DK

[okie smokie]

Choice Tenderloins at Costco yesterday $15.99.  Prime were 20.99.  I found some Choice that looked as marbled as the Prime and bought several.  I'm more of a ribeye guy but my wife loves the tenderloins. May go on a T-bone search; wife gets the tenderloin, I get the strip.