All the inflated prices that have come down?

Michael Z said:
Fuel prices are down so transportation costs are down. Also, supply issues are no longer for the most part. So what inflated prices have been reduced? Maybe there are some but I am not seeing any.
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Our Petrol prices have come down , still hugely inflated, but down by about 50 p on the gallon since 6 moths ago....

Fuel energy , electricity and gas has also come down , hardly noticeable on the vastly inflated price that it's not at.. but something anyway...

Food prices continue to spiral
 
I keep thinking of a geopolitical futurist who had forecast all of this years ago. Maybe he just got lucky, maybe I should pay more attention to what he is saying today, as much as I don't like it.

I've posted a couple of his videos here before but the only feedback I saw was denial, most like nobody else watched them besides those heavily invested in "the narrative" today who defend it like it was their mother.
 
Gasoline here has come down by at least 30¢ ($.30) per liter here over what the peak had been in the last two years. Quite welcome. At our co-op, another company now provides a 1.75kg container of yogurt for $3 less than what we'd been paying for our usual brand (we feel quality is equivalent, too); both brands are available side-by-side.

I understand that tipping rates in cafés & restaurants have gone up these days, but that is completely voluntary for the customer.
 
I can't imagine we're ever going to get much of a fall in price grocery wise. I mean, they've been reducing the size of some products (especially candy bars), and let's face it, they're never going to go back on that. If source ingredients fall in price, it's more profit for the manufacturer. In the mean time, we - the consumer - have gotten used to the higher prices.

Fuel is always an exception, since the model is different for that.
 
Gas here was $3.79 for much of December but $3.49 when I filled my tank last week.

Blueberries- (I like them on my cereal )are $ 5.99 a pint and that is way more then what I used to pay for them.
They are good oxidants.
Once in a while they have been two pints for the price of one. They freeze well.
 
I'm no economist, and I've probably been exposed to, but forgotten, detailed analysis info in the news. But there are two factors I know to be contributors to the inflation. One is shifted petroleum supply, the other is the rising costs of real estate. Real estate costs in the various forms: property values on the market, leasing & rental rates, and so on. It seems everything is affected by these.

A baked-goods supplier, a clothing retailer, or a café server, just like any of the rest of us, is dealing with rising costs of these sorts.
 
Gasoline prices fluctuate. At the moment cheaper stations sell unleaded in the mid $4 range.

Most food prices seem to have stabilized, at lease relative to what was happening over the last few years, but few prices other than eggs have gone down. I don't eat or buy meat, so no idea what's going on with those prices.

With labor costs increasing, manufacturers and distributors either equal out the shortfall with higher prices, reduced amounts, or lesser quality - or suffer a greatly trimmed bottom line. The next step on the supply chain faces the same problem and raises their prices to not only account for their suppliers' increases, but their own additional costs.

And so it goes until the consumer nearly faints at the increased price tag, smaller package, reduced quality, or a combination of the three.
 
Dairy, eggs, and meat are down as well as some produce items like potatoes. Some of the producers of items in the middle isles have decided making more on a per item basis is better than the old model of large volume and lower margins so those prices won't fall very fast, if at all. Supermarkets are going to hold the line on prices until lower demand forces them to sell for less.

Used car prices are declining as well as RV's. Real estate is slowly going down, but I bet you can buy an office building or mini-mall real cheap right now. And energy is cheaper as the US is pumping more oil than ever at 13.2M barrels/day, which is more than RU or SA. More solar and wind comes on line everyday as well all over the world. The FDA just approved the importation of drugs from Canada so that should be downward force on drug prices in the US.
 
againstthegrain said:
Used car prices are declining as well as RV's.
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I believe there are those who are saying we're going to see a crash of used car prices in the near future. Seeing the prices in the US today (yes, I've done research on it recently) makes my eyes bleed. But - they're not selling, so they're waiting for the market to correct itself.
 
VaughanJB said:
I believe there are those who are saying we're going to see a crash of used car prices in the near future. Seeing the prices in the US today (yes, I've done research on it recently) makes my eyes bleed. But - they're not selling, so they're waiting for the market to correct itself.
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It isn't simple.

Used car prices rose with inflation and a short burst of demand. New car prices had all of that plus the EV subsidies bundled into every unit, EV or not. You also had increasing interest rates that cooled the marginal buyer market. Then you had the impact of unemployment and underemployment, despite the Sandersization of low-end job compensation. Roll in more inflation for everything else and a lot of lower-tier shoppers put off buying used cars. High interest also hit dealers: those cars on dealers' lots are not free. Then you have market shrinkage. There are simply les people in their 20s and early 30s than for decades.

The need to move metal has finally led to some used car drops, but scarcity is going to return. Used EVs aren't very saleable, nor are crap boxes like Kia/Hyundai products suckers turned to the last 5 to 10 years. I can't imagine anybody gullible enough to buy a used Mini for that matter. Even new they are a money pit.
 
Wind? Solar? Hydro?

The may look great from within elite enclaves out West, but they aren't really viable where power is needed. Wind in particular has become a serious disposal problem as worn out and obsolete turbines are retired.

I too think what we're seeing above is electioneering.

 
dilettante said:
The need to move metal has finally led to some used car drops, but scarcity is going to return. Used EVs aren't very saleable, nor are crap boxes like Kia/Hyundai products suckers turned to the last 5 to 10 years. I can't imagine anybody gullible enough to buy a used Mini for that matter. Even new they are a money pit.
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I think the number of repo's - which are up - is causing a glut of vehicles for sale.
 
birdy said:
I pay $4.79 for premium gas. I think that's too high. The lowest I found was $4.19.
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$4.79 too high? Translated from metric and Stirling, UK diesel price, at the pump, is $9.04. That's Uncle Sam's dollars.
One thing to remember though, in the UK there are exactly eight (8) pints in a gallon. For some reason known only to US folk, there are 6.66139 pints in a US gallon. So doing the calculations, a UK gallon translated to a US gallon, would cost $5.84. That's still a dollar eighty more than our American cousins pay. Too high did you say?
 
horseless carriage said:
$4.79 too high? Translated from metric and Stirling, UK diesel price, at the pump, is $9.04. That's Uncle Sam's dollars.
One thing to remember though, in the UK there are exactly eight (8) pints in a gallon. For some reason known only to US folk, there are 6.66139 pints in a US gallon. So doing the calculations, a UK gallon translated to a US gallon, would cost $5.84. That's still a dollar eighty more than our American cousins pay. Too high did you say?
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There are 8 pints in a U.S. gallon. The pints are different sizes.
 
No longer needing fuel as no more vehicle. So huge savings there as it eliminate car costs/repairs/maintenance, then insurance and all.

However, I've seen prices on Amazon in December 2023, which have now gone down and many specials. Loads of 2for1 or more in shops today, so incredible savings. Just one item nowhere to be found, EGGS! One shelf unit that's usually full was completely bare. Very strange!
 
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