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We feel it. Bread, milk, beef, chicken, fish; really all grocery items, and of course gasoline and electricity. All up. To this couple nearing retirement, we see the price increases and think, "What, no inflation?"
Interesting article that makes the point that by the CPI standards in place pre-1980, inflation is running at almost 10%. Even, with the index tweaks of 1990, inflation is still at 5%.
our own pocketbook has been telling us this for years. you will get those that argue that the index is more accurate with the changes and what inflation? but if it doesnt show what im feeling and seeing or what your feeling and seeing than somethings wrong with the calculation .
Amen to that Mathjak, I think you and I are both living at the microeconomic level, and not the macroeconomic level, which is where the PPI and CPI both focus.
Location: Los Angeles, but looking for my niche in ME, or OR
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Now it is all making sense! I've been spending about $100 a week in groceries and it is just for myself! Granted, I rarely (never) eat out, so I make enough food for dinner AND to take to lunch at work (not to mention breakfast: 4.99 a box of oatmeal square thingy + 3.99 for a gallon of soy milk!!). Sometimes I think it would be cheaper to just eat a burrito or something at lunch. And since I live in LA, I also have to buy bottled water (our tap water here sucks)
They changed the 'measuring method' because many incomes/pensions are tied to the rate of inflation...
And afterall, no one uses food or fuel... right?
Oh, God. Not another one who is under the mistaken impression that food and fuel are excluded from the CPI used to determine COLAs for Social Security and other pensions.
our own pocketbook has been telling us this for years. you will get those that argue that the index is more accurate with the changes and what inflation? but if it doesnt show what im feeling and seeing or what your feeling and seeing than somethings wrong with the calculation .
But thenh it also does show just what cheap dollar policy is doing to your pocket book either.
while im not happy about prices the reality is my portfilio has been breaking new highs every month lately. boy ill tell you, im up many many many many times what i am spending from this money printing.
ill guess and say overall we spent about 1,000 bucks more then last year for gas,heat ,utilities and food.
let it keep this balance and i can deal with it.
anyone with a 401k or investments has this policy to thank to some extent for regaining what they lost. its probley well more than they spent so far.
of course its only good until its not but for now i cant complain.
each one of us are different in the way things effect us so no can not generalize with blanket answeres that are for all.
im sure those with little or no investments are hurting from these increases while others are taking advantage of these run ups in assets . we all can only speak from what effect it has had on us so far.
Last edited by mathjak107; 04-15-2011 at 02:47 AM..
Jak,
I agree. It is important to "know" what one's expenses are year-to-year, and what one's portfolio is doing. Ya' have to know both, and not just bob-along down the stream. If one area of expense goes way up, then you have to find ways to cut other areas to compensate. If the return on a portfolio is not outpacing inflation and not providing enough income, then the portfolio may not be positioned well.
Quote:
Originally Posted by mathjak107
while im not happy about prices the reality is my portfilio has been breaking new highs every month lately. boy ill tell you, im up many many many many times what i am spending from this money printing.
ill guess and say overall we spent about 1,000 bucks more then last year for gas,heat ,utilities and food.
let it keep this balance and i can deal with it.
anyone with a 401k or investments has this policy to thank to some extent for regaining what they lost. its probley well more than they spent so far.
of course its only good until its not but for now i cant complain.
each one of us are different in the way things effect us so no can not generalize with blanket answeres that are for all.
im sure those with little or no investments are hurting from these increases while others are taking advantage of these run ups in assets . we all can only speak from what effect it has had on us so far.
Numbers out this morning, show about a 1.4% increase from last month. About 16% if it was projected annually.
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