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Prices Continue to Surge: Here’s What’s
Becoming More Expensive

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Posted By: earlybird, 11/14/2021 1:03:30 PM

With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago. The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years. The agency’s report (pdf), released Nov. 10, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars.

Comments:

Our gas, already high, has increased. We buy ours at a nice station at a discounted price. Some majors are at $5. We are doing little driving, so measure our gas use in months rather than miles per gallon.

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Reply 1 - Posted by: Surroundedbyblue 11/14/2021 1:20:52 PM (No. 977331)
What’s the big surprise here? When you put policies in place to cut supply, make supply more expensive, and trash the economy, of course things get more expensive. Clearly it must be lucrative to write stuff that tells us the obvious.
14 people like this.

Reply 2 - Posted by: sunshinehorses 11/14/2021 1:21:45 PM (No. 977336)
Hubby uses diesel and the cost of him driving to and from work has doubled since last year. I have to pick up my granddaughter from school each day and take her to her mother's work and that is costing $75/week to do that (60 mi round trip - daughter is paying) because the after school programs are unable to hire enough people to handle all of the kids that need after school programs. Cost of food is getting ridiculous and non-food items are out of sight. Honestly, I think inflation is a whole lot more than they are saying.
25 people like this.

Reply 3 - Posted by: DVC 11/14/2021 1:28:41 PM (No. 977342)
Well, given that energy cost increases are 'baked into' literally everything, the easiest way to report it is that everything is or will be soon increasing in price. Our gas has nearly doubled from $1.69 a couple of years ago, to $3.09 most places now, although one station is still $2.99.
7 people like this.

Reply 4 - Posted by: navybrat 11/14/2021 1:43:02 PM (No. 977361)
It is scary to think what my winter gas bill might be. I am holding my breath in hopes I can afford to keep the house halfway warm.
10 people like this.

Reply 5 - Posted by: snowoutlaw 11/14/2021 1:54:31 PM (No. 977379)
What is clear is its across the board. Also the year to year hides the fact that most of the increases started in 2021, after Biden took over and undid everything Trump and put restrictions on the economy.
12 people like this.

Reply 6 - Posted by: ladydawgfan 11/14/2021 2:07:23 PM (No. 977397)
I have a feeling there is going to be a sudden run on wood stove installations and cord wood in yards to heat homes.
10 people like this.

Reply 7 - Posted by: DVC 11/14/2021 2:40:38 PM (No. 977437)
#6, in many cities, wood stoves have been made illegal. And EPA has lowered the allowable 'particulates' that a stove can emit to a difficult (prehaps impossible) to achieve level, so huge numbers of existing or even new wood stoves are illegal by federal mandate. They are already making your wood heating illegal, just not yet twisting the screws on enforcement in most places. EPA plans to require wood stoves to have an 80% reduction in emissions and they are pushing to make that a hard limit. It may be almost impossible to have a wood stove meet these limits at anything remotely like a practical price.
8 people like this.

Reply 8 - Posted by: mifla 11/15/2021 4:57:54 AM (No. 977887)
"All is well. All is well." - White House
0 people like this.

Reply 9 - Posted by: hoosierblue 11/15/2021 7:02:26 AM (No. 977944)
EVERYTHING! If you can afford it buy any long term,higher priced items you need now to get the best buy for your money.
1 person likes this.

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