How is inflation affecting you?

[CoStick]

I'm pretty bad at cosuming goods, so it doesn't affect me like a family with kids or something. I notice the gas price the most, but luckily drive a Honda Fit as daily driver, so a 25% increase in energy prices is about 8$ a tank at this pt. I would make a strong case for gas being $5+/gallon by summer, so it ain't over yet.

I bought a fit in 2011 or so when gas was high back then. Great car with lots of storage

 

[Customweld]

Definitely seeing it at work. Bidding projects has been tough. For instance 8" PVC pipe for your average city sewer project was 3.00 a foot two years ago, last year it jumped to 6.50 a foot, now it's over 11 bucks a foot. Insane!! Problem is when bids are submitted to municipalities they just throw out the project cause not enough funding. Not good for citizens paying taxes and contractors doing work.

One of the pipe suppliers in my area was giving a 12hr guarantee on pipe prices. 4” sdr 35 is hard to find as well. HDPE is hit or miss.

 

[isItFallYet]

I am looking forward to when global supply chains recover and inflation normalize.

Inflation will not normalize any time soon. The trillions in spending that was supposed to be for covid relief, is to blame for this. People were getting paid to not work and a lot of them still have not gone back to work. People were fired for not getting a shot. Meanwhile, there are sign-on bonuses to work at fast-food restaurants across the country. Many small businesses and entrepreneurs have gone under. This administration started off by laying off oil workers, during a global pandemic. The ambitious goals/shotgun approach of green/renewable energy and EV while becoming reliant on international oil (again) are all reasons why we are in this debacle. We used to have the world’s largest automobile manufacturer. The agenda of this administration and its alignment with Davos (The Green New Deal), are only going to continue digging the hole we are burying ourselves in. Let’s give Ukraine another couple $billion! Meanwhile, we’re letting in illegal aliens and trying to create legislation that gives non US citizens, social security and other benefits. Everything is super inflated right now, including real estate, which will (has to) crash soon. Point is, it’s not just global supply. Inflation is much higher than what we think it is (7.5) We have been served a shit sandwich. I hope everyone here gets to hunt this year, except all of the other east coast hunters (unless they hunt in a different unit than me).

 

[Maverick1]

How is inflation affecting me?

1. For essential items I purchase, I am purchasing the same quantity, so it costs more to purchase them.
2. For non-essential items I purchase, I am choosing to either purchase the same quantity and pay a higher total price, or purchase a lower quantity and pay a different amount than previously paid (could be higher, lower, or about the same.)

What am I missing here?

From a hunting standpoint, I still submitted the same number of applications to the same number of states, no change there. Wherever I end up hunting this fall, I imagine it will cost more in gas and food while on the trip.

From a financial standpoint, I had too much money in a money market account, paying a 0.15% interest rate, so I moved some of that to I bonds, which have a nice return for the next couple of months. We'll see what it looks like when the new rates are set.

Day-to-day life: gas costs more, the grocery bill is up. I've been working remotely for the last two years, and have actually realized a significant cost savings from not driving to and from work everyday, so there is some positive to this whole situation. And, I am happy to have lots of wild game in the freezers at home!

 

[z987k]

I would have bought a newer truck last year, but didn't because of prices. I can run this one 3-4 more years if I need to.
I won't really notice the gas prices until summer so...

 

[Button]

Hoping to get a few more years out of my truck. But unlikely. The beach tears them up.

 

[Frank Grimes]

I was broke before.
Just checked, and I’m still broke.
I pay bills, buy food, maybe some fuel. Put money in savings, then something breaks or needs replacing. The cycle repeats.

 

[dutch_henry]

Planned on a new truck this year, not happening--will continue driving my '05.
Planned on breaking ground on a new self-built house for my growing family but will hold off.
Making fewer long trips to keep fuel costs down.
Buying used goods on ebay when the need arises.

Times have been way harder. It's about discipline and simple fun.

The a--kicker is my employer hasn't provided cost-of-living increases for 3 years and has frozen positions, meaning no promotions. It's killed morale and work ethic across the board.

 

[ljalberta]

It’s getting insane. Costs are certainly out of control and wages can’t rise to meet them. As others have pointed out, it’s a real tragedy, but one that was foreseeable and foreseen.

My wife and I are blessed to make a decent living, but the impact has still been substantial. I couldn’t imagine the pinch being felt by others who were already battling to get through each month.

 

[Dackdack]

I am feeling it a little bit. Up in Canada gas hit $1.95/litre this week. My boat burns 14-15 gallons an hour so that’ll hurt. With 3 little kids and a single good income the groceries also add up. Instead of cutting back on things, I am just trying to make more money to make up for the inflation. Honestly, now that I think about it more money isn’t my biggest concern at the moment . I’m more concerned with the Canadian government having the ability to freeze our bank accounts, still sending my 5 year old to kindergarten in a mask, the absolute fleecing we all took over the last two years over Covid and my faith in government and media is now so low I no longer trust anything so the Russia thing has me wondering what the hell is actually going on .

 

[2531usmc]

Inflation will not normalize any time soon. The trillions in spending that was supposed to be for covid relief, is to blame for this. People were getting paid to not work and a lot of them still have not gone back to work. People were fired for not getting a shot. Meanwhile, there are sign-on bonuses to work at fast-food restaurants across the country. Many small businesses and entrepreneurs have gone under. This administration started off by laying off oil workers, during a global pandemic. The ambitious goals/shotgun approach of green/renewable energy and EV while becoming reliant on international oil (again) are all reasons why we are in this debacle. We used to have the world’s largest automobile manufacturer. The agenda of this administration and its alignment with Davos (The Green New Deal), are only going to continue digging the hole we are burying ourselves in. Let’s give Ukraine another couple $billion! Meanwhile, we’re letting in illegal aliens and trying to create legislation that gives non US citizens, social security and other benefits. Everything is super inflated right now, including real estate, which will (has to) crash soon. Point is, it’s not just global supply. Inflation is much higher than what we think it is (7.5) We have been served a shit sandwich. I hope everyone here gets to hunt this year, except all of the other east coast hunters (unless they hunt in a different unit than me).

We really have not yet taken the first real bite of the shit sandwich. For the last 10 years, Federal spending/borrowin/money printing has caused the stock market to rise dramatically. At some point in time, stock prices will revert back to the mean and that points to a 50% drop in stock values. That, in turn, will collapse individual retirement accounts and state retirement accounts. And, oh by the way, many of the states are already bankrupt.

If you think we have problems now, just wait....

 

[Poindexter]

Family of 5 here with my wife serving as a stay-at-home mom. We have not changed any of our shopping habits, but I realized I have been needing to transfer money into her account more often. So we sat down with a calculator and did the math on food, childcare (the 1 year old does a few days of daycare each week), home staples, and gas since January 20th of 2021.

As of last month, we have seen a 17% increase in our regular “Cost of living” spending in Vermont. This is in comparison to January of 2021.

To make things more fun, the post office is rarely delivering mail. Yesterday, they delivered two pieces of mail with customer checks from November that were lost. My company is a SAAS model that collects a monthly fee for our software. The least expensive product is $999 per month with some clients spending $30k per month. Because we cannot rely on the US Mail to deliver checks from our customers we had some cash flow problems in 2021. In order to get around the US Postal Service’s staffing problems we moved to credit card billing with great expense to our bottom line due to the CC fees.

We are in no means struggling, but we are feeling the changes since Biden took office.

 

[5MilesBack]

I paid $2.49/gal for 35 gallons of diesel last week.......but that was with $1 off per gallon at King Soopers.

Other than fuel, I've seen big increases in the groceries I buy even before inflation hit. I stop buying items when they reach a price point I won't pay.......regardless whether I can afford them or not. So I may lose my 20lbs this year even before I go elk hunting.

 

[IdahoElk]

Elections have consequences. We asked for this because of mean tweets and orange man bad, remember?

 

[Fartrell Cluggins]

Every menu item at Popeyes has gone up about 50 cents. This is killing me.

 

[sneaky]

Every menu item at Popeyes has gone up about 50 cents. This is killing me.

I got Popeyes on Wed. I think they counted out 10 fries in the box on purpose. Cutbacks

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[CoStick]

I got Popeyes on Wed. I think they counted out 10 fries in the box on purpose. Cutbacks

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You all really eat at Popeyes.

 

[ShortMountain91]

Really affected me on my house I finished building in November. Obviously gas, groceries, and ammo too. Luckily I've been able to minimize my debt over the years and take these kind of lumps. As long as I have any job, we can get by. But man would love for things to get a little normal again

 

[dutch_henry]

Elections have consequences, but not always the way you think. If you're looking to blame someone, blame the Fed chairman Jerome Powell. He's the one who set the monetary policy that got things as hot as they are. It was Trump who appointed him, and that's when he established the Fed's response to Covid and made aggressive attempts to stop the skid that began in 2019, including leaving the interest rates too low for far too long. Then Biden reappointed him. So there's that.

You'll find plenty of support for this stance on both sides of the aisle, including people like Senator Tom Cotton.

 

[oldskool67]

Construction project, getting ready to retire, shipping vehicles out of state, etc. Where I’m moving gas was 1.69 a gallon Christmas 2020, now since the communist party took office it’s 3.79 a gallon