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How many items of clothing there are made from cotton? The price of cotton has doubled in the last year and that is scary as far as the cost of clothing is concerned no matter where it is sewed. I think you may be surprised at the prices of the advertised things you saw in that link when the price rise gets here.
We don't have a lot of cotton producers around here but all those who planted cotton last year are very happy with the way the price has gone up. There will be many more growers here next year.
It's related to the price of certain commodities rising. Cotton and sugar are two I can think of offhand that are going to make a big impact on everyday purchases. The former is directly related to clothing prices.... Not really that difficult to figure out, people.
ETA: From the article linked, since apparently no one read it:
Do I need to explain supply and demand as well?
I can't believe it took so long for someone who got a rep point for this post to get in here. I want to see what wehotex says about the price of fresh produce in a week or so. Talk about absorbing the price makes me wonder who the real socialists around here really are. Cotton has more than doubled in a year and finally the price of clothing is going up. I think they have been absorbing all they could up to now.
This 10% increase in clothing costs [now] will look very mild later when everything rises 20%, 30%, 40% in the near future. Just wait for 'real' inflation take hold because of the Democrat's drunken spending spree and the Fed's money-printing orgy.
It's related to the price of certain commodities rising. Cotton and sugar are two I can think of offhand that are going to make a big impact on everyday purchases. The former is directly related to clothing prices.... Not really that difficult to figure out, people.
ETA: From the article linked, since apparently no one read it:
Do I need to explain supply and demand as well?
With all the money sitting out there not being used to invest, it is going to chase whatever is out there to make a profit from.
Commodities will be one of those things, as everything from cotton to food prices rise, which will be then blamed on crop failures and the like rather than the greedy profit makers.
ICE to increase scrutiny as cotton futures price soars 19pc
Quote:
THE world's top cotton-futures exchange is clamping down on speculation amid soaring demand that has sent prices so high that they threaten losses for mills, commodity merchants and apparel producers.
Don't know about your part of the country but gas hit $3/gal over the weekend here.
But don't worry..food and energy are not part of the CPI and Uncle Ben says there is NO INFLATION.
I hope some of you jumped on the commodity bandwagon..John Deere (DE) has gone up $35/share since last May.
Would the fact that cotton has doubled in price in the last year have anything to do with the rise in retail prices? Somehow it makes lots of sense to me.
Hey, if you think that clothing prices will be rising maybe you need to watch the price of fresh food prices in a week or two. I have heard it said today that these prices will triple in that time. It is last week's freeze that caused that but we still do have to eat. Also, we have to have clothing, especially when winter is not over so I wonder if we will have any money left after paying Obama taxes and these high prices.
Just where has Obama taxed us more? The gov is deducting Less FICA taxes from paychecks at this time and it is now status quo from the previous tax cuts. Currently 51% of Americans don't even pay income taxes. Just when will people be satisfied? yes, we all have to eat, but just like oil, the grocers have ALREADY raised prices of produce just a day after the freeze in Sinaloa, Mo. The bell pepper that I normally pay 68 ¢ for is now 98 ¢. Pretty big increase already. Clothing manufacturers use slave labor to produce clothing. They make obscene profits on the sale of these clothes. Why do you think that they're able to mark the clothes down so much when they are trying to get rid of them? How can a $100 pair of pants be marked down to $19 if they are not gouging us?
[quote=HappyTexan;17869740]Cotton hit an all time high in December and that's going back to Reconstruction.
I'm surprised they haven't announced that sooner..better stock up.
I'm sure that our dollar hasn't changed too much in value since that time
The article is disingenuous by not noting if those figures are adjusted for inflation or if they are just using the dollar value at the time of the Civil War.
Sloppy journalism.
Cotton hit an all time high in December and that's going back to Reconstruction.
I'm surprised they haven't announced that sooner..better stock up.
I'm sure that our dollar hasn't changed too much in value since that time
The article is disingenuous by not noting if those figures are adjusted for inflation or if they are just using the dollar value at the time of the Civil War.
Sloppy journalism.
Much better info here on commodities.
Just read the "Agri Food thoughts" though as he also has editorials on metals but I don't read them.
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