Will the inflation rate be the same, higher or lower in March as reported in April? This involves a direct assessment by the members here of the taper.
0 voters
Pants. Right here, oh no ooops, over here, no over there, but all in my pants.
Keeps swinging… somebody get inflation prediction out of my forking pants please!
david fb
I voted 7% more or less, but you should have left off the editorial ‘because the taper means nothing’, which I disagree with. It’s just too soon for the Fed’s discussion of coming actions to have much (if any) affect on the year over year numbers.
Over the last year and a half, I have seen consistent and expanding inflation in the price of goods. Manufacturers and distributors are trying to pass on to consumers whatever pain they are experiencing themselves.
Now inflation is spreading across the entire universe of services I pay for. Everything from lawn care and housekeeping to insurance premiums - especially Long-Term Care coverage - increasing in double-digit percentages.
I expect inflation to moderate as the Fed withdraws market support. However, both cost-push and demand-pull inflation are likely to persist in most of the goods and services that consumers NEED, even if prices moderate on some of the things they merely WANT.
Housing, vehicles, insurance, taxes, personal services, medical care, and energy prices are unlikely to fall anytime soon, regardless of what the Fed does in regard to balance sheet items or interest rates.
Now inflation is spreading across the entire universe of services I pay for.
Just got a quote from a plumber to replace 8 supply valves on three sinks and two toilets, as he is going to be doing other work on the house we figured we would get ahead of the game and update the shut off valves to 1/4 turn. $555.00! No travel time, since he’s there already.
Needless to say, we won’t be having him do those.
IP
Just got a quote from a plumber to replace 8 supply valves on three sinks and two toilets, as he is going to be doing other work on the house we figured we would get ahead of the game and update the shut off valves to 1/4 turn. $555.00! No travel time, since he’s there already.
In 2002, while doing a large renovation on half the house, since the plumber was there anyway, I asked him to replace ALL the valves in the house (and outside) … he charged $25 per valve. Unfortunately, of all the tradespeople, he did the worst job. I’ve had many problems with his work in the ensuing years, including one vexing problem that is not practically fixable and costs me MUCH arduous manual labor ever 9-12 months. When cutting the slab and moving a drain, he didn’t put the drain pipe at a sharp enough angle, so it clogs up every so often. Huge PITA, and can’t be fixed without ripping up the entire room, floor, and cutting the slab again. The worst thing is that it was done wrongly out of sheer laziness - there was a much better (shorter) path to a main drain that would easily allow a better angle but he insisted on using the further connection that resulted in a too-low angle. Sometimes I wish I could do EVERYTHING myself, but I don’t have the strength, the skill, or the desire to do it all. BUT I do know when something isn’t being done properly.