what month / year will inflation get below 6%?

[Inner Dirt]

Originally Posted by Elkchester Road

Already happening in my area, Friend.

I live about a mile away from an Interstate 75 interchange. It is disheartening how slow it is for the three fuel stations, one truckstop, and 10 restaurants...during the Summer.

I did take a Kentucky vacation in 2018, hit the Louisville Zoo, the Kentucky Speedway, Fort Boonesborough, and the under ground Louisville caverns.


My fondest memory of Kentucky was when I still lived in California and went to the derby in 1999. My friend and I got in late, and had a motel in Lexington.


We might have dropped in to one of those 10 restaurants, it was past midnight. Few things were open, my friend is a picky eater, I will eat a shoe with cheese, and salsa on it. My picky eater friend keeps scanning the menu,
telling the waitress, smoking a cigarette, he needs more time. In the mean time a guy at a close table complains about his eggs, to the same waitress.

Her exact words, " The chef has pulled a double shift and is very tired, if you don't like your eggs now, you definitely won't like them when they come back." After I heard that I am laughing my ass off, then I fear my picky eater friend will get us ground up glass in our hash browns.


I actually left that waitress a $20 tip on a $25 bill. Good times, good memory.

[davew]

I am not sure how a recession will lower the cost of things compared to 12 months ago.

The PPI index is up 11.3% compared to 12 months ago.

https://www.bls.gov/pPI/



Demand has to go way down before businesses will happily sell things at a loss.

[Elkchester Road]

Originally Posted by Inner Dirt

I did take a Kentucky vacation in 2018, hit the Louisville Zoo, the Kentucky Speedway, Fort Boonesborough, and the under ground Louisville caverns.


My fondest memory of Kentucky was when I still lived in California and went to the derby in 1999. My friend and I got in late, and had a motel in Lexington.


We might have dropped in to one of those 10 restaurants, it was past midnight. Few things were open, my friend is a picky eater, I will eat a shoe with cheese, and salsa on it. My picky eater friend keeps scanning the menu,
telling the waitress, smoking a cigarette, he needs more time. In the mean time a guy at a close table complains about his eggs, to the same waitress.

Her exact words, " The chef has pulled a double shift and is very tired, if you don't like your eggs now, you definitely won't like them when they come back." After I heard that I am laughing my ass off, then I fear my picky eater friend will get us ground up glass in our hash browns.


I actually left that waitress a $20 tip on a $25 bill. Good times, good memory.

Inner Dirt...there are still places like that in London KY, today.

[geroge.burns99]

Originally Posted by Elkchester Road

Inner Dirt...everything you said in your last paragraph is very real and happening as we speak. Where I live...Restaurants are not hard at all to get into...and a lot more people are shopping at the Grocery Stores, with their carts much more full. I can see it in People's faces...they aren't used to this.

They better get used to it quickly. Things will get better...but will worsen beforehand. Democrats will see to that.

I stopped going to my favorite Breakfast Stop , because their $11.95 special went to 15.95.....I can't see having an omelet and walking out with $20 less in my pocket for breakfast...

[tucker6]

Originally Posted by geroge.burns99

I stopped going to my favorite Breakfast Stop , because their $11.95 special went to 15.95.....I can't see having an omelet and walking out with $20 less in my pocket for breakfast...

That happened to me yesterday. Wife and I went out to breakfast. Two.omelets and two coffees. $30. Reminded us of why we cook at home
I can make the same meal at home for under $5

[geroge.burns99]

Originally Posted by tucker6

That happened to me yesterday. Wife and I went out to breakfast. Two.omelets and two coffees. $30. Reminded us of why we cook at home
I can make the same meal at home for under $5

your right!!

For 2 people...

6 eggs @ 20cts..................... 1.20

6 slices of cheese @ 20cts....... 1.20

4 slices buttered toast @ 20cts.... .80

2 cups coffee @ 30 cts................. .60


2 oj's @25 cts............................ .50


their total $5.30 + I guess cream sugar milk ...Ok make it $6

a they want me to pay $32+tax and a f*&^ing tip to a nasty ass waitress

[Elkchester Road]

Originally Posted by geroge.burns99

I stopped going to my favorite Breakfast Stop , because their $11.95 special went to 15.95.....I can't see having an omelet and walking out with $20 less in my pocket for breakfast...

Exactly. That is something that gets lost a bit in this situation...that some people, who can actually afford something, just refuse to pay these outrageous prices for things. I get it.

[Elkchester Road]

Originally Posted by tucker6

That happened to me yesterday. Wife and I went out to breakfast. Two.omelets and two coffees. $30. Reminded us of why we cook at home
I can make the same meal at home for under $5

Yep. Things are out of hand.

[Inner Dirt]

A lot of those restaurants have also got hit with rent increases. I used to live in a resort town in the So Cal mountains, tourists would scream bloody murder at the prices at the tourist trap restaurants. The rent per square foot
in the areas the tourists frequented was insane to say the least.

[Elkchester Road]

Originally Posted by Inner Dirt

A lot of those restaurants have also got hit with rent increases. I used to live in a resort town in the So Cal mountains, tourists would scream bloody murder at the prices at the tourist trap restaurants. The rent per square foot
in the areas the tourists frequented was insane to say the least.

Absolutely.

[Inner Dirt]

Since my knowledge of the restaurant business is dated as like almost 40 years worth, at the time when I was a purchasing assistant, mid level restaurants or whatever they should be called were actually paying more for food than a person paid in the supermarket.


They were getting select cuts of meat, and produce the public at the time could never get their hands on. They were also getting daily deliveries of fresh caught seafood that arrived packed in ice less than 24 hrs after it was caught. Whole chickens came straight from the processing plant.


Until I got that job I always assumed restaurants paid way less than the average Joe, because of bulk purchasing, the opposite was true on a lot of items. The resort area I was in had about a half dozen or so restaurants owned by the Hilton Hotel, we serviced those.

[Tom]

July, 2022.


Inflation is over, as Biden said, it just transitory.

It has transitioned to stagflation.

Let's go, Brandon.

[tucker6]

Originally Posted by tucker6

April 2023. Inflation is still strengthening btw. Gonna be a rough ride.

Anyone doubt this prediction now? In fact, I may have been too optimistic. Since then, Biden has spent another $1.2T.

[Tom]

Come on, man.
Biden said he would get prices lower, and he is doing it.

Have you the stock market recently?

Prices have been S L A S H ED!

[OntheRail]

Originally Posted by Tom

Come on, man.
Biden said he would get prices lower, and he is doing it.

Have you the stock market recently?

Prices have been S L A S H ED!

Have no fear... Pelosi sold yesterday. The scum always floats to the top.