10 products bucking inflation trends
US inflation is extremely low by historical standards. But that low average masks a trend of sharply rising -- and falling -- prices for some products.
The ups and downs of inflation
Gasoline, up 131%
Gold, up 371%
Coffee, up 160%
Eggs, up 70%
Razor blades, up 80%-plus
Televisions, down 56%
Movie rentals, down 40%
Natural Gas, down 39%
Cellphones, down 90%
Computers, better and cheaper
What do you think?
VIDEO ON MSN MONEY
So I'll be broke and starving, but at least I'll have my nice, 60 inch Samsung T.V!
Yep, "policymakers seem to have the problem of rising prices largely under control"......it's called cooking the books. I don't know about you but the price of food is NOT going down and it's not increasing by only 2%. I don't know where the writers of this article are shopping but it's not here in the U.S. Maybe they shop in North Korea or Cuba, where food is price fixed, rationed and subsidized.
Washington DC should be the next Alcatraz and everyone in office should have their own cell.....It's that or a!
What about healthcare - medical/ dental charges, prescription costs? Higher than anything else on this list! Plus the fact that most working people have high health insurance costs also. As a single baby boomer I'm struggling to pay these bills. They are taking a dent out of my retirement funds. Doctors are asking patients to take many more expensive preventative tests and procedures now. They scare you into thinking you have some terrible desease, and the majority of the time there is nothing wrong!
Let see about this list and why some went up and other went down. Gasoline, well that is a no brainer why that went up. Everybody needs gas, supply and demand. Gold, well another no-brainer for demand because everybody wants gold. Coffee, well another no-brainer. Everyone I know drinks coffee. Razor blades, well everyone I know shaves, except for me, but it might have something to do with metal supply.
Now lets look at the thing that went down it, Cell Phones, TVs. and computer are all older technology that has matured. It also helps that most of these products are made in China where labor is so cheap, but if you look at newer advance in the same technology it isn't really like 3D TV, or SSD hard drives in laptops.
This article is so wrong because everything has gone up by a percentage, or the package has gotten smaller, so inflation is still alive and doing quite well.
I also find the figures you are using as very questionable. As a small business in auto repair and small engine/lawn mower repairs, each of these areas has taken significant increases in costs to the consumer in the last couple of years. Tires have tripled, lawn mowing parts have increase 15-20% due to both parts prices and freight. Food prices have been in raising in the grocery stores.
And gas prices. In 2008, gas was priced at $1.89/gal in our area. Since the price of energy has gone up, most all products have been hit for increasing the cost back to the consumer.
I do not believe lots of the media anymore. I wish they would get real.
The cpi is bull. It is only partly based on actual prices. They still start out with two baskets of goods, but then the numbers are thrown into formulas and other misleading crap.
Everything that is important went up 120% or more in the last 12 years (2003 is deceiving - you should look at pre-9/11 prices). While salaries maybe 25%. Even the electronics is not really cheaper - top of the line stuff is always expensive and I have to look at the screen of my 2005 notebook and my 2011 notebook to see the 2005 screen is orders of magnitude better (and not only the screen).
You have to remember that there is not only price inflation, but also "decreasing jar size" and decreasing quality inflation. Case in point: I was buying furniture for my house in 2003 in Rooms to Go. I did not go there for like 8 years - no reason - until last week. I was shocked how much simpler the available furniture were. The kind of stuff I purchased back then is simply no longer made or imported.
The kind of oak mosaic sculpted dining table I got in 2003 (American-made) is not available anywhere for any price...
The reason? People cannot afford stuff, so it is no longer being made. Sure you can say: "The furniture costs the same." But you get half the furniture for the money.
"We've learned lately that Russia and (President Vladimir) Putin are actually holding a lot of gold bullion. The Russians have been hoarding a lot of gold," Amladi says
What a scientifc explanation! Damn Russians, they are driving up the gold prices!
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