Tag: inflation

How are you holding up during these inflation times?

So are they calculating inflation increases as an average?

I just wanted to share my thoughts on how these inflationary times are impacting all Americans here in the USA. Overall, I think it’s crap.

The article and news from CBS – Inflation remained high in September with prices rising faster than expected

Basically they’re stating that it’s 8.2% higher than it was 1 year ago, consumer prices. Things that we buy, on an average based on the “Consumer Price Index” increased in one year 8.2%. Does that sound reasonable in your area wherever you are in your city/state?

Costco Example only – I can definitely say that prices here in Central Texas did not go up by the inflation average of 8.2%.

Here are some images of prices of the items in other Costco’s

May 30, 2020 – the price of these Charmin TP was regular $24.99 – but on this day it was $19.99 ($5.00 off).
August 19, 2021 – Price of 40-case of Kirkland water was at $3.19
Costco 40 pack of bottled water (500 ml) as of 10/15/2022 = $4.19 per case

Oh yes, oil changes on a vehicle if taken to the shop… Of course, depends on where you go or if you do it yourself (more power to you). I realized that just an oil change went up in price, just this year, from $59.99 to $69.99 (16.67% increase).

So my honest question to everyone out there who reads my blog and for you to think about… Have you noticed your every day necessities that you purchase went up in price? If so, how much did your toothpaste, toilet paper, paper towels, body wash, shampoo, deodorant, etc. go up?

My observation is… what the current administration has been doing since the beginning has been affecting us Americans harshly. A book that I’m currently reading published back in 1979 by a well-known economist of that time can easily relate to quite a lot of things taking place to this day. The book “Free to Choose” by Milton Friedman and Rose Friedman (husband and wife) is a very good read so far and I can understand where he’s coming from.

Milton Friedman, video, “Money and Inflation”

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy.

The video below is about 1 hour and 26 minutes long, it is very informational. Please take the time to watch it as it is also educational.