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03-25-2011, 01:04 PM
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#1 | | Banned By Establishment
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| Inflation
I can't be the only one feeling it 
Food is more expensive lately, gas is more expensive. I'm not getting an increase in my wage yet.
anyone else?
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03-25-2011, 01:07 PM
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#2 | | Banned (ABWS)
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Most people on here live with their parents, so I doubt they're "really" feeling it.
For the rest of us that support ourselves, yes of course we're feeling it.
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03-25-2011, 01:07 PM
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#3 | | Willing to sell a family member for a few minutes on RS
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Feeling it here right now.
I'm not looking forward to the increase in the minimum wage anytime soon. Business owners are stating that they are going to be raising their prices maintain the same margins.
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03-25-2011, 01:10 PM
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#4 | | Banned By Establishment
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Blame food speculators. Let's bail those fuckers out again.
edit: And yeah for the people that are living at home, i can see the complaints lining up now... "ZOMG GAS IS SO MUCH"
"I bought 3 ipads 2 today, all for my washrooms  "
Last edited by Meowjin; 03-25-2011 at 01:18 PM.
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03-25-2011, 01:25 PM
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#5 | | My homepage has been set to RS
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wait till oil prices filter down ..food will get more expensive.
interest rates go up due to inflation... mortgage rate go up . :S
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03-25-2011, 01:26 PM
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#6 | | My homepage has been set to RS
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Watch for gas prices this summer! Better get yourselves a scooter.
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03-25-2011, 01:28 PM
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#7 | | WOAH! i think Vtec just kicked in!
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| Quote:
Originally Posted by MajinHurricane  I can't be the only one feeling it
Food is more expensive lately, gas is more expensive. I'm not getting an increase in my wage yet.
anyone else? | Hey dude,
The reasons for the above two price increases are due primarily to their supply, and not inflation per se.
Inflation occurs in countries where the value of the cash decreases -- in most cases this occurs when the country prints out more cash or injects more liquid cash into the economy. Because there is now a greater supply of cash in the markets, and demand is constant, the value decreases (e.g. in the money markets/capital markets where companies borrow large chunks of cash for projects etc).
Because the supply vs demand causes the value of the currency to decrease, businesses must hence gain more revenue to purchase the same amounts of raw materials from other countries to make their product. This is reflected in the prices you see at the market place.
For food and fuel however, the increases in the past year were not tied primarily to inflation. Fuel prices have soared due to the instability of the Middle East. With production from Libya decreased and the Saudis suspected to be near maximal output, the value of fuel has increased as demand is only increasing -- largely powered by China.
Food has also increased largely due to two major events. Russia is one of Asia's largest breadbaskets, and the region had a major drought, causing commodity prices in wheat and other staple grains to soar. Because the world still had to eat, this allowed producers all over the world to raise their prices and still find buyers.
Fuel is also required to transport food around the world, and its increased prices were also a factor in the rise of food prices.
Fuck, jetlag sucks.
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03-25-2011, 01:30 PM
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#8 | | Banned By Establishment
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I'm pretty sure speculation is a major factor here.
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03-25-2011, 01:45 PM
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#9 | | I WANT MY 10 YEARS BACK FROM RS.net!
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just stock up on groceries stateside...do that once a month and you can save a bit
especially for rice and dairy products it's much cheaper
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03-25-2011, 01:46 PM
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#10 | | WOAH! i think Vtec just kicked in!
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This might sound harsh, but stop bitching because it doesn't solve anything and instead do something about it. Food, gas, rent and apparently just got noticed that my Shaw monthly bill is going up as well. If you got crap load of money sitting in your savings account earning you junk return then you have ask yourself why. Not a very smart move to protect and grow your wealth. I was like you a few years back but have since moved on because as an individual there is not much you can do about macro forces.
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03-25-2011, 01:49 PM
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#11 | | Prince of the Apes
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Originally Posted by Carl Johnson This might sound harsh, but stop bitching because it doesn't solve anything and instead do something about it. Food, gas, rent and apparently just got noticed that my Shaw monthly bill is going up as well. If you got crap load of money sitting in your savings account earning you junk return then you have ask yourself why. Not a very smart move to protect and grow your wealth. I was like you a few years back but have since moved on because as an individual there is not much you can do about macro forces. | I'm 21 and run a company , and I am definitely feeling the hurt from all the price changes. We can bitch all we want 
edit: accidentaly pressed failed instead of quote, my bad :P
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03-25-2011, 01:52 PM
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#12 | | Diagonally parked in a parallel universe
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I've noticed it too. But I've also had an ironic benefit come of it. I'm on a gluten free diet and so I can't eat a lot of normal (wheat containing) products. Until recently my foods have been substancialy more expensive then their normal wheat containing counterparts. BUT since wheat and grain prices started going up, it seems more and more people are turning to local, organic, and more natural foods which has actually brought their prices DOWN.
Once a month I do a trip to Planet Organic for staples from there, and also to my organic butcher and the prices for those products are about 10% less then they were this time last year. And while some are still more than their non local and non organic counter parts, the gap is a lot smaller then it used to be. (My butcher now sells many of his free range meats for the same price as his standard though)
So yeah, use it as an excuse to eat healthier.
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03-25-2011, 02:09 PM
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#13 | | SFICC-03*
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Originally Posted by twitchyzero just stock up on groceries stateside...do that once a month and you can save a bit
especially for rice and dairy products it's much cheaper | yeah but often the quality is lesser on that side. you have to make a lot of informed choices to ensure you get the same quality. i wouldnt buy milk or meat in the states thats for sure. has anyone seen chicken at the US costco? $1/lb. something about that is just so wrong. food should not be so cheap.
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03-25-2011, 02:20 PM
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#14 | | I STILL don't get it
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damn msp went up as well
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03-25-2011, 03:10 PM
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#15 | | Banned By Establishment
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| Quote:
Originally Posted by TheNewGirl I've noticed it too. But I've also had an ironic benefit come of it. I'm on a gluten free diet and so I can't eat a lot of normal (wheat containing) products. Until recently my foods have been substancialy more expensive then their normal wheat containing counterparts. BUT since wheat and grain prices started going up, it seems more and more people are turning to local, organic, and more natural foods which has actually brought their prices DOWN.
Once a month I do a trip to Planet Organic for staples from there, and also to my organic butcher and the prices for those products are about 10% less then they were this time last year. And while some are still more than their non local and non organic counter parts, the gap is a lot smaller then it used to be. (My butcher now sells many of his free range meats for the same price as his standard though)
So yeah, use it as an excuse to eat healthier. | Gluten free foods is NOT healthier.
In fact it's only recommended unless you have celiac diseases.
You are intaking more calories and highly processed gluten free look alike products | |
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03-25-2011, 03:19 PM
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#16 | | HELP ME PLS!!!
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Originally Posted by Skyline350gt Gluten free foods is NOT healthier.
In fact it's only recommended unless you have celiac diseases.
You are intaking more calories and highly processed gluten free look alike products | damn my celiac disease =(
i jsut avoid all of those products period. i'm pretty much on a strictly carnivore diet now. works well for me
mmmmmmm bacon.
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03-25-2011, 03:20 PM
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#17 | | Rs has made me the man i am today!
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Bank of Canada wants to raise the interest rates by summer... the dream of owning a place is slowly slipping away | |
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03-25-2011, 03:25 PM
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#18 | | Even when im right, revscene.net is still right!
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Minimum wage increase. More food price to increase from grocery stores to keep staff and to keep profit margins.
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03-25-2011, 03:29 PM
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#19 | | SFICC-03*
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Originally Posted by optiblue Bank of Canada wants to raise the interest rates by summer... the dream of owning a place is slowly slipping away | better than buying a place now then interest rates go up and you're locked into something you cant afford.
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03-25-2011, 06:10 PM
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#20 | | I WANT MY 10 YEARS BACK FROM RS.net!
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Originally Posted by unit yeah but often the quality is lesser on that side. you have to make a lot of informed choices to ensure you get the same quality. i wouldnt buy milk or meat in the states thats for sure. has anyone seen chicken at the US costco? $1/lb. something about that is just so wrong. food should not be so cheap. | where are you hearing this from?
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03-25-2011, 06:48 PM
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#21 | | Banned By Establishment
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here's some tangible figures as opposed to gut feelings http://www.bcstats.gov.bc.ca/pubs/CPI/CPIdata.pdf
coles notes:
-fresh fruit is getting cheaper
-coffee, dairy, and restaurant dining are getting a lot more expensive faster
- BC has a comparatively lower increase in costs than the rest of canada
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03-25-2011, 06:52 PM
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#22 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by MajinHurricane And yeah for the people that are living at home, i can see the complaints lining up now... "ZOMG GAS IS SO MUCH" | I live at home, fill my truck up every 4 days ($65-$70), paying interest on a 40k+ line of credit, paying my phone, paying maintenance, and everything that doesn't constitutes groceries or house bills.
Oh, and i'm only working 2 days a week. So, keep assuming it's doing you good.
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03-25-2011, 06:57 PM
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#23 | | Say! Say! Say!
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Originally Posted by twitchyzero just stock up on groceries stateside...do that once a month and you can save a bit
especially for rice and dairy products it's much cheaper | I can see more and more Chinese people stocking up when Superstore has rice on sale now.
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03-25-2011, 06:59 PM
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#24 | | Banned (ABWS)
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Originally Posted by MajinHurricane I can't be the only one feeling it
Food is more expensive lately, gas is more expensive. I'm not getting an increase in my wage yet.
anyone else? | Vote NDP/Liberal and your taxes will go up too.  | |
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03-25-2011, 07:03 PM
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#25 | | Banned (ABWS)
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Food prices have not even kept pace with inflation over the past decades. Sure certain foods have increased, yet most are cheaper today than decades ago priced in today's dollars.
Unfortunately people are speculating as investors dive into commodities as financials suffer, yet you don't have to suffer. Just change what you eat. I have noticed fresh fruit/veggies are down in price, which benefits me!
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