Author Topic: 2014: Inflation or Deflation  (Read 3480 times)

Burt Gummer

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Re: 2014: Inflation or Deflation
« Reply #50 on: April 15, 2014, 09:21:54 AM »
I've been reluctant to post on this topic for a while because the participation is admirable.  :bravo:
But the thing is prices are subjective to the consumer not imputed by the retailer and producer. So at all those stages it's dependent on the opinion of dozens of people not mentioning taxes, regulations that differ from state to state.

That's the whole premise of inflation your money becomes worth less because it is seen as there being more off.

Now with regards to your experiment. Your item pool is too big if inflation is what you are after not other market fluxuations. I would recomend removing any subsidized commodities as that it's self causes inflation but won't be reflected in the price.
 
These would be: Beef, Cereals (corn, wheat, etc), Sugar.

Toilet paper & potatoes are US produced and stable staples. Peanut butter is stable but imported.

Also with regards to price sourcing you would need a wider selection of several different stores and take the average of those as your price. (removing the SALE issue).

Now getting the kind of results you want from this is going to take a lot of time. but what you will be able to see (and which would be entirely fascinating) is: "Temporal Monetary Disequilibrium"
Say Special-K lives next to the head Boeing manufacturing plant & office (a massive recipient of your freshly printed dollars) His staples would inflate faster then J'mac's who lives far away from that new money, and the people around him have not had that "wow there's a lot more money around"  moment.

Picture the US as a big pond and you are throwing pebbles in it, the ripples are the prices adjusting to you adding more to the mix.
« Last Edit: April 15, 2014, 09:29:52 AM by Burt Gummer »

Offline JohnyMac

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Re: 2014: Inflation or Deflation
« Reply #51 on: April 15, 2014, 10:05:18 AM »
All good points Burt.

The main reason I started this was hoping that people would under stand what is happening in "their" neck of the woods. If you go to page 2 of the spreadsheet you will see individual results. Page 1 is just a roll-up of all reports.

So for an example...

Crudos finds himself at his local watering hole The Madison Progressive Tavern and gets into a debate with a local student from the college about taxation & inflation. He will be able to speak from facts because he is doing his own research. I am just keeping the info for him.

I want people to be able to speak from facts not, "I think food prices are going up" but "My food prices are increasing by X%  because I am keeping records."

Last it is fun to see what people are paying around the country for the same things.  :)




« Last Edit: April 15, 2014, 10:10:13 AM by JohnyMac »
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brat

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Re: 2014: Inflation or Deflation
« Reply #52 on: April 16, 2014, 04:07:11 PM »
Just got home from store....

Tylenol (acetaminophen) 100 tabs of 500mg............$9.19
Gold Metal Flour per 5lb bag................................$2.39
Domino sugar per 4lb bag..................$2.99
Folgers Coffee .................$4.39 for 11.3 oz.
Regular Gas - 87 octane price per gallon ...................... $3.44
On road diesel per gallon .........................$3.79
Propane price per gallon ...................$2.89
Plain Jiff Peanut butter 16 ounces .................$2.93
Ground beef 80/20 price per pound ............... $4.29
Chicken breast per pound .................. $3.29
Scott Toilet Paper six pack ................... $3.99
Wonder bread price per loaf ................. $2.59
Red Potatoes price per pound ............ $0.99
Macintosh apples price per pound ................$1.99
Whole milk price per quart ............... $2.29 (sorry, only half gallon at store)
Original Cheerio brand cereal .......................$2.93 for 8.9 oz. box

Meat, reg. gas went up the most, followed by bread. Everything else fairly stable.

Offline JohnyMac

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Re: 2014: Inflation or Deflation
« Reply #53 on: April 16, 2014, 05:58:13 PM »
Thx brat!
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Offline crudos

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Re: 2014: Inflation or Deflation
« Reply #54 on: April 17, 2014, 08:33:01 PM »
Just got home from store....

Tylenol (acetaminophen) 100 tabs of 500mg............missed
Gold Metal Flour per 5lb bag................................$2.89
Domino sugar per 4lb bag..................$3.39
Folgers Coffee .................$4.49
Regular Gas - 87 octane price per gallon ...................... $3.58
On road diesel per gallon .........................$3.99
Propane price per gallon ...................$3.59
Plain Jiff Peanut butter 16 ounces .................$3.19
Ground beef 80/20 price per pound ............... $3.99
Chicken breast per pound .................. $2.86
Scott Toilet Paper six pack ................... xxxxx
Wonder bread price per loaf ................. xxxxx
Red Potatoes price per pound ............ $0.82
Macintosh apples price per pound ................$1.49
Whole milk price per quart ............... $4.59
Original Cheerio brand cereal .......................$3.15

Offline JohnyMac

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Re: 2014: Inflation or Deflation
« Reply #55 on: April 17, 2014, 10:31:32 PM »
Thx Crudos!
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Offline kokopelli

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Re: 2014: Inflation or Deflation
« Reply #56 on: April 17, 2014, 10:45:32 PM »
I have been keeping track of our grocery spending for the past 5 months. I will start posting at the requested time.
Kokopelli

Offline JohnyMac

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Re: 2014: Inflation or Deflation
« Reply #57 on: April 18, 2014, 09:20:31 AM »
Thanks Kokopelli!  :thumbsup:
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brat

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Re: 2014: Inflation or Deflation
« Reply #58 on: June 04, 2014, 12:59:30 PM »
Just back from store.....

Tylenol (acetaminophen) 100 tabs of 500mg............$9.19
Gold Metal Flour per 5lb bag................................$2.49
Domino sugar per 4lb bag..................$2.99
Folgers Coffee .................$4.39 for 11.3 oz.
Regular Gas - 87 octane price per gallon ...................... $3.39
On road diesel per gallon .........................$3.65
Propane price per gallon ...................$2.59
Plain Jiff Peanut butter 16 ounces .................$2.93
Ground beef 80/20 price per pound ............... $3.99
Chicken breast per pound .................. $3.49
Scott Toilet Paper six pack ................... $3.99
Wonder bread price per loaf ................. $2.59
Red Potatoes price per pound ............ $0.94
Macintosh apples price per pound ................$1.99
Whole milk price per quart ............... $2.29 (sorry, only half gallon at store)
Original Cheerio brand cereal .......................$2.93 for 8.9 oz. box

Minor changes, but most were dropping in price.