Tag Archives: recordinflation2022

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Daily Broadside | The Price of Everything is Up and Isn’t Coming Down Any Time Soon

Daily Verse | Hebrews 2:14-15
Since the children have flesh and blood, he too shared in their humanity so that by his death he might destroy him who holds the power of death—that is, the devil—and free those who all their lives were held in slavery by their fear of death.

Wednesday’s Reading: Hebrews 4-5

Happy Wednesday my friends.

As we’re all getting ready for the Christmas holidays, I’m wondering if you’ve noticed the prices of consumer products and necessities such as food, gas and housing? We certainly have in our home.

That’s a photo my wife took yesterday as she was food shopping. Almost $5 for a dozen eggs! Seems extreme yet … there it is.

It wasn’t that long ago they were less than a buck a dozen. The increased price includes increased gas prices for transporting the eggs, increased prices for chicken feed and electricity and taxes on the place that produces them, and the increased profit that the store tries to make selling them to you so they can pay the increased costs to run their place, too.

The dollar had an average inflation rate of 7.11% in the last 12 months. A 2021 dollar would buy about $1.10 worth of products in 2022 or, more simply, a 2022 dollar only buys 90% of what it bought a year ago.

Between 2021 and 2022:

CNBC reported that inflation jumped by 8.2% in September 2022 over prices a year earlier.

Food prices have been among the largest contributing categories to inflation in recent months.

The “food at home” index — or grocery prices — jumped 13% in September versus the same time a year ago. That’s a slight decline from 13.5% in August, which was the largest 12-month increase in over 40 years, since March 1979.

Within that category, certain items have seen prices rise sharply over the past year, such as butter and margarine (up 32.2%), eggs (30.5%) and flour (24.2%).

It’s obviously not just food. Services are more expensive, too. We’ve been thinking about building out some unfinished space in our home and are talking to the same contractor we approached about the work five years ago (but didn’t do for a variety of reasons). His new estimate is 60 percent higher than it was five years ago.

How about regular services like getting your teeth cleaned? Here’s a couple of photos I’ve taken at the dentist and at a clock repair shop in the last three months.

Yeah, when everything is more expensive, you sometimes have to choose who gets paid. The dentist is telling his clients that he’s standing at the front of the line.

Sticker shock on batteries, too.

Unfortunately, all reporting on inflation tells me that higher prices are going to be with us for a very long time—years, not months. I pin this all on the politicians who locked down our country (and the rest of the world) during the Chinese Lung Pox terror attack and then deliberately unleashed trillions of unnecessary dollars into the economy.

Our ruling elites love their centralized planning more than they care about us plebes. The higher prices are going to hurt the middle class, because we’re the largest segment of the population and we bear the brunt of the government’s wrecking ball. Unfortunately, though, it’s going to be especially tough on the poor, who really can’t afford higher gas, energy and food costs.

It’s maddening.

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Daily Broadside | March Data Proves the Liars in the White House Are Lying

Daily Verse | 2 Kings 2:23-24
“Go on up you baldhead!” they said. “Go on up you baldhead!” He turned around, looked at them and called down a curse on them in the name of the Lord. Then two bears came out of the woods and mauled forty-two of them.

Wednesday’s Reading: 2 Kings 4-5

Mid-week and our society continues to splinter and spiral out of control as Joey McWafflebrains tries to spin the worst inflation in 40 years as a product of Russia’s war in Ukraine (while escalating the rhetoric he’s using to dangerous levels) and not of his own doing.

President Biden declared Tuesday that Russia was committing a “genocide” in Ukraine, a significant escalation of the president’s rhetoric and a notable shift that comes as U.S. officials have avoided using the term.

The comment initially came at an event in Menlo, Iowa, where Biden was decrying the effects of Russian President Vladimir Putin’s invasion of Ukraine on gas and food prices. “Your family budget, your ability to fill up your tank, none of it should hinge on whether a dictator declares war and commits genocide a half a world away,” Biden said.

I’ve got news for you Fake President McLiarFace. The inflation and spiking gas prices are because of decisions you and your “brain trust” in the White House made that put us in the position we’re in. The Russia-Ukraine war is just accelerating our speed along the trajectory you set.

The Labor Department said Tuesday that the consumer price index – which measures a bevy of goods including gasoline, health care, groceries and rents – rose 8.5% in March from a year ago, the fastest pace since December 1981, when inflation hit 8.9%. Prices jumped 1.2% in the one-month period from February, the largest month-to-month jump since 2005.

Economists expected the index to show that prices surged 8.4% in March from the previous year and 1.2% on a monthly basis.

So-called core prices, which exclude more volatile measurements of food and energy, climbed 6.5% in March from the previous year – up from the 6.4% increase recorded in February. It was the steepest 12-month increase since August 1982.

Let’s see … who’s been in office for the last twelve months?

Price increases were widespread: Energy prices rose a stunning 11% in March from the previous month, and are up 32% from last year. Gasoline, on average, costs 48% more than it did last year after rising 18.3% in March on a monthly basis as the Russian war in Ukraine fueled a rapid increase in oil prices.

The March inflation data is the first to capture the full effect of the European war, which sent gas prices in the U.S. to the highest since 2008.

Food prices have also climbed 8.8% higher over the year and 1% over the month, with the largest increases in cereal and bakery products (10%), poultry, fish and meat (13.8%), fresh fruits and vegetables (8.1%), and eggs (11.2%).

I’m old enough to remember when we were newly energy independent and didn’t have to rely on foreign oil; in fact, we were a net exporter and gas was around $2.12/gal.

I am so tired of the lies we are told by those in charge. They know they’re lying; we know they’re lying; and they know that we know they’re lying. Yet they continue to lie.

What doesn’t lie are the data, and this administration that said they’d bring us back to “normal” after Trump sure did—we just didn’t know how far back they’d take us.