Inflation monitor - 2021

[ChuckyTheGoat]

Looking for tangible evidence on 2021 Inflation in a given segment. Looking to accumulate info detailing why the CPI is a bogus stat.

Used Cars: +19.5 in L12 months. March '21, over March '20:

https://wolfstreet.com/2021/03/27/whats-behind-the-stunning-spike-in-used-vehicle-auction-prices-that-consumers-arent-on-buyers-strike-shows-something-big-about-inflation-has-changed/

[ChuckyTheGoat]

Lumber: +300% in L12 months:

https://finance.yahoo.com/news/how-record-high-lumber-prices-are-making-new-homes-less-affordable-152122225.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJXzPsOkak_YXeqRwu5ZFfaooR4ZTNoaOafktVNwH9tsx24l2W6rJjukWYRWfOmNzZWreAW1SBRsZ7d_I_Edo8w2irlfDAVcLQtolxtb72ry4p2ylLTQ80u3lvCb-KECdSlEeDNHsWhy8pOWqdr1iRv8AFb6r4NuhwhkAzHYOfpb

There are multiple reports of lumber price going crazy. If it's not 3x over L12 months, it's at least double. Lumber cost driving home prices higher.

[KVB]

Corn tortillas going up in Mexico Chucky, will affect some of the US.

https://www.usatoday.com/story/money/markets/2021/05/02/corn-agricultural-commodities-price-increase-cornbread-corn-tortillas/4916054001/

In fact, could be a good idea to consider nearly any corn product as the commodity itself is up more than 30% this year, a leader among the grains.

...Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch...

That's a link to marketwatch in that quote.

[hehfest]

Just watch food prices take off next. Remember, this was all by design. It always is. Its those Kabbalist bankers.

[WinDove]

Ouch man!
I still remember when food was actually cheap. 5 bucks could last a kid days back in the 90s....

[ChuckyTheGoat]

Good one, K. Yes, corn is on the list of commodities that is spiking in price.

[ChuckyTheGoat]

Gasoline prices: +60%

https://www.eia.gov/todayinenergy/detail.php?id=47357

Year-over-year, April 2020 to April 2021. Excerpt from above article:

U.S. regular retail gasoline prices averaged $2.85 per gallon (gal) on Monday, March 29, according to EIA’s Gasoline and Diesel Fuel Update. U.S. gasoline prices have generally increased since reaching a multiyear low of $1.77/gal in late April 2020, primarily because of higher crude oil prices and higher wholesale gasoline margins. Prior to this week’s small decline, U.S. gasoline prices increased for 17 consecutive weeks in EIA’s survey, marking the longest consecutive streak of price increases since 1994.

[ChuckyTheGoat]

Think about it. Do u feel like your Dollar is not going as far in 2021?

[MinnesotaFats]

Just priced out cedar 2x4s for deck

$29.99

Was $14.99 last year

[ace7550]

Lumber: +300% in L12 months:

https://finance.yahoo.com/news/how-record-high-lumber-prices-are-making-new-homes-less-affordable-152122225.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJXzPsOkak_YXeqRwu5ZFfaooR4ZTNoaOafktVNwH9tsx24l2W6rJjukWYRWfOmNzZWreAW1SBRsZ7d_I_Edo8w2irlfDAVcLQtolxtb72ry4p2ylLTQ80u3lvCb-KECdSlEeDNHsWhy8pOWqdr1iRv8AFb6r4NuhwhkAzHYOfpb

There are multiple reports of lumber price going crazy. If it's not 3x over L12 months, it's at least double. Lumber cost driving home prices higher.

I can attest to this. Many things in the lumber yard are triple the price. A sheet of decent plywood is $90. For fuqs sakes!

[ChuckyTheGoat]

Props to Minny and Ace!

That's exactly what I'm looking for in this thread. Trying to present factual evidence that can't be refuted.

Saylor has presented Inflation as a vector across all your "market basket of goods." I like that view. In some regard, that makes Inflation variable to the individual's personal expenses.

Some things should become very obvious. If not now, by the end of 2021 (for sure):
*The money-printing is not a free lunch. When you bloat the money-supply, you're de-basing the USD. Your dollar is going to go not as far as last year.
*As far as investing, how can you not be thinking in terms of Real vs Nominal return? You need to figure out a way to maintain your purchasing power (at a minimum).

[MinnesotaFats]

Commodity prices will surge

Sugar, corn, beef....

Just wait

That July 4th grill out gonna be pricey

[ChuckyTheGoat]

Corn: +68%.

https://fortune.com/2021/04/27/corn-prices-futures-high-consumer-impact-ethanol/

Look in the 2nd paragraph. Current price vs 3/2/2020 price, so that's 14 months.

[ChuckyTheGoat]

Crude oil: +180% in L12 months.

See chart:

https://www.eia.gov/todayinenergy/detail.php?id=47176

[jackpot269]

Last year in February I bought treated 4x4x8 for $8.50! they peaked at $18.50 around September, I checked on Monday they've came back down some $14.85!! Ill Never get my privacy fence rebuilt!!

[jackpot269]

Last year in February I bought treated 4x4x8 for $8.50! they peaked at $18.50 around September, I checked on Monday they've came back down some $14.85!! Ill Never get my privacy fence rebuilt!!

This was at Lowes

[Weems2k]

I bought two 4ft oak 1 x 3's last month. Cost over $15 when it should have been less than $10.

[ChuckyTheGoat]

It's starting, boys. Gas up +10% in last few days. Waited 40min in line to get a tank.

[guitarjosh]

It's starting, boys. Gas up +10% in last few days. Waited 40min in line to get a tank.

Are you in the South or East Coast?

[ChuckyTheGoat]

East coast.

[ace7550]

It's starting, boys. Gas up +10% in last few days. Waited 40min in line to get a tank.

How much per gallon where you are?

[hehfest]

Uncle Fester told you what this moron OP just posted........Uncle Fester told you this a year ago when Trump started the stimulus crap. Its all by design. The Fed Reserve prints the money, and it devalues the dollar every single time. It wasn't a problem for the longest time. Do you like that song? For the Longest time...........

Russia, China, and many other countries caught onto the scheme and finally got the balls to say FU. Now, since they want nothing to do with fake green ink paper backed up by nothing.............well now you will see prices so high it will bypass the Weimar Republic from years ago.

Cheers Chummies! Get ready for a bad hair day or two...............dying laughing on the floor laughing my fukkin' ass off rolling around on the floor in tears......

卐⚡⚡卐 HH

[MinnesotaFats]

Ya gas crossed $3.00 for just regular in Minny today

We historically have lower gas prices because of large refinery in STP and moderate gas tax.

[ChuckyTheGoat]

How much per gallon where you are?

It was $3.09 on Tues. Think it came back down 20-cents.

[ace7550]

Here in CA it's more like $4.25

[ChuckyTheGoat]

Here in CA it's more like $4.25

Wow!

I keep hearing about people moving out of CA for different locales.

SoCAL (around SanDiego) is near perfect weather. Cali girls look good.

So many western areas that I'd prefer to live. AZ, UT, OR/WA.

[ace7550]

Wow!

I keep hearing about people moving out of CA for different locales.

SoCAL (around SanDiego) is near perfect weather. Cali girls look good.

So many western areas that I'd prefer to live. AZ, UT, OR/WA.

Cali is beautiful and the weather is amazing. If we could just get rid of the people and politics it would be paradise.

[PharaohUB]

Wow!

I keep hearing about people moving out of CA for different locales.

SoCAL (around SanDiego) is near perfect weather. Cali girls look good.

So many western areas that I'd prefer to live. AZ, UT, OR/WA.

My parking lot for my apartment complex in Nashville is filled with California license plates. A lot came during Covid

[ace7550]

My parking lot for my apartment complex in Nashville is filled with California license plates. A lot came during Covid

I think a lot went everywhere during Covid. We went and spent a week in Idaho and I think we met more Californians than Idahoans.

[ChuckyTheGoat]

Fair to say that Inflation is > 1% per month?

[KVB]

Tough to say, it's a transition back to the regular economy and it will take some time.

They figure Thursday's data will show consumer prices up about 4.7 percent from May of last year. We had an increase in April of course as well, which came a little early.

Core inflation is without energy and food costs, I think they forecast the highest year to year level since 1993. Fed Reserve in St Louis data said 3.4%.

Monetrary poliy is most certainly not set in stone here. Rising prices, even if the Fed considers it temporary because of reopening, could still force them to raise rates.

[ChuckyTheGoat]

Bumping this:

*Gas costs rocketing.

$3.30 per gallon now. Definitely +10% over L3 months. In pockets of country, even higher.