Is Hyperinflation On The Horizon?

[Kobe Bryant]

[yungermanchik]

I recently went to Dollar-&-A-Quarter Tree.

[Kobe Bryant]

https://www.marketwatch.com/story/the-federal-reserve-needs-to-shock-and-awe-the-market-with-one-big-rate-hike-to-restore-its-credibility-says-hedge-fund-star-bill-ackman-11642357378?mod=mw_quote_news

[Kobe Bryant]

https://www.bloomberg.com/news/articles/2022-01-06/corona-maker-raising-beer-prices-over-glass-shortage-inflation?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-pursuits&utm_medium=social&utm_content=pursuits

[yungermanchik]

https://www.bloomberg.com/news/articles/2022-01-06/corona-maker-raising-beer-prices-over-glass-shortage-inflation?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-pursuits&utm_medium=social&utm_content=pursuits

Is this too, the fault of corona?

[yos9694]

Raising interest rates will combat inflation, who knew. Next we'll find out that printing unlimited debt is somehow counterproductive to raising interest rates.
https://www.nytimes.com/2021/12/15/business/economy/inflation-fed-fomc-meeting-december-2021.html

Live and learn. /s

To answer the thread title, it might be far on the horizon, but in the meantime the deflationary forces are just so great that no inflation is in sight.

Official inflation for 2021 was 7%. Less political estimates of inflation show 30%-50% in the majority of the consumer spending basket (i.e. groceries and fuel/utilities). We all knew that "no inflation in sight" was ridiculous at the time, but has @ExGingi come around yet?

Can we all agree that debt (especially excessive debt) is deflationary?

The deflationary force of debt must be a trickle-down... and the only thing we know about trickle-down is it has already been more than 40 years and we're still waiting to see it...

Maybe having debt is deflationary, but creating debt is certainly inflationary. What's more believable, politicized economic theory or empirical evidence and common sense?

[yesitsme]

- Food prices in Lakewood soar as inflation and supply chain issues keep hitting the market. In NPGS chicken is at $3.99 a lb. Kosher Today reports  Kosher consumers worldwide are helplessly watching creeping inflation. Retailers in the US say that prices on average have been increasing by 7% - 8% a month, including beef and poultry.

[AsherO]

- Food prices in Lakewood soar as inflation and supply chain issues keep hitting the market. In NPGS chicken is at $3.99 a lb. Kosher Today reports  Kosher consumers worldwide are helplessly watching creeping inflation. Retailers in the US say that prices on average have been increasing by 7% - 8% a month, including beef and poultry.

7-8% a month(!!) since when? What is that annualized?

[yesitsme]

7-8% a month(!!) since when? What is that annualized?

Source https://hefkervelt.blogspot.com/2022/01/friday-january-20-news-updates-lakewood.html

You can ask questions in the BMG coffee room for more information

[AsherO]

Source https://hefkervelt.blogspot.com/2022/01/friday-january-20-news-updates-lakewood.html

You can ask questions in the BMG coffee room for more information

Oh, didn’t realize it was a quote from Kosher today.

The disgraceful reality is that Kosher manufacturers/distributers have a bit of a captive market and will mark up actual inflation to inflate their margins. Granted there could be legit reasons why inflation might hit the Kosher market harder than the broader food market, but I still suspect they pad the actual cost increases because they can.

[Euclid]

Oh, didn’t realize it was a quote from Kosher today.

The disgraceful reality is that Kosher manufacturers/distributers have a bit of a captive market and will mark up actual inflation to inflate their margins. Granted there could be legit reasons why inflation might hit the Kosher market harder than the broader food market, but I still suspect they pad the actual cost increases because they can.

They got fat from the covid boxes and need to maintain it.

[yuneeq]

https://www.linkedin.com/posts/activity-6889927673708064769-TVQt

[AsherO]

They got fat from the covid boxes and need to maintain it.

That just makes it even more piggish.

[AsherO]

https://www.linkedin.com/posts/activity-6889927673708064769-TVQt

Frexit is the new OTD

[EliJelly]

Oh, didn’t realize it was a quote from Kosher today.

The disgraceful reality is that Kosher manufacturers/distributers have a bit of a captive market and will mark up actual inflation to inflate their margins. Granted there could be legit reasons why inflation might hit the Kosher market harder than the broader food market, but I still suspect they pad the actual cost increases because they can.

In retro respect I regret I didn't do anything of these shady unemployments etc. Not at the lost opportunity of ganvening the few bucks, but if you create this inflation with all the handouts and max food stamps, it's only fair that you help me do my part to keep up with it.

[Lurker]

Oh, didn’t realize it was a quote from Kosher today.

The disgraceful reality is that Kosher manufacturers/distributers have a bit of a captive market and will mark up actual inflation to inflate their margins. Granted there could be legit reasons why inflation might hit the Kosher market harder than the broader food market, but I still suspect they pad the actual cost increases because they can.

I'm in this industry now. Wholesale kosher in South FL is up between 40-60% since Feb 2020. Agri recently announced price increases of 12% on poultry and 14% on beef, and wholesalers are tacking on another 5-10% on top of that. Retailers aren't sitting too pretty right now, between having supply issues and angry customers who think Shmerl Shopkeeper is just out to take their Covid money.

[AsherO]

I'm in this industry now. Wholesale kosher in South FL is up between 40-60% since Feb 2020. Agri recently announced price increases of 12% on poultry and 14% on beef, and wholesalers are tacking on another 5-10% on top of that. Retailers aren't sitting too pretty right now, between having supply issues and angry customers who think Shmerl Shopkeeper is just out to take their Covid money.

Still no explanation why it’s so much steeper in the Kosher/frum world. The LinkedIn thread above (posted by yuneeq) has a ton of competent commenters and no real explanations.

[Lurker]

Still no explanation why it’s so much steeper in the Kosher/frum world. The LinkedIn thread above (posted by yuneeq) has a ton of competent commenters and no real explanations.

The biggest cost right now is transportation. In the non-kosher world, there are many local options to help keep the costs down. Walmart, Costco, Sam's Club, and others have been pushing "local grown" as if it's a "save the earth" change of heart, when in reality, it's just too cost prohibitive to ship produce from across the country. Kosher food (dairy, poultry, beef) is only made in very specific places, and local alternatives just aren't available, so we have to eat every freight increase or go without.

[yelped]

So in other words, we need more truck drivers?

[Lurker]

So in other words, we need more truck drivers?

More truck drivers, more trucks, more dock workers to load trucks, more warehouse workers to unload and repack trucks for local distribution, more workers at retailers to unload trucks to get them back on the road quicker.... Good times.