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Strange, I’m very much on the other end. Inflation reporting feels extremely exaggerated to me. My wallet is doing just fine. I have also experienced disinflati

Strange, I’m very much on the other end. Inflation reporting feels extremely exaggerated to me. My wallet is doing just fine. I have also experienced disinflation recently where my morning coffee has gone down in price and I can now get it literally at my morning bus stop.

bsimpson 3y ago
Your coffee shop lowered prices?!
- mulderc 3y ago
  New shop opened up that has oddly cheap prices for cold brew. My 12oz nitro cold brew is now $1.09. I am told this is just the normal price and they have no plans to change it.
  - Arrath 3y ago
    Wow, I'm jealous
    - mulderc 3y ago
      It isn’t the best cold brew, but at $1.09 and being able to get it while waiting for my bus, it is hard to beat.
eric-hu 3y ago
Just a nit, but disinflation is when inflation slows, but is still higher than before. Deflation is when prices go down.
- deleted 3y ago
  [deleted]
beej71 3y ago
I was about to make exactly this post. We have a WinCo grocery store in town that never got the inflation memo and prices there seem as cheap as always, unlike the Safeway which has, for some reason, exploded in cost. (Things that make you go hmmm.) Meanwhile I'm working 3/4 time (25% retired! Woo!) earning less than ever in an overpriced tourist town. And yet the bank accounts are doing just fine. Sure, gas is pricier, but not as pricey as it was at the peak, and not enough that I pay attention. But that's just me. My bicycle-commutin' self. One place I think is really hitting people, is real estate and rentals. I'm unaffected because I'm well into paying off this house that I got cheap after the bust at a tiny interest rate; the rental value of my home is about double the mortgage payment. We can't build houses quickly enough in this town--and we are doing it, with lots of new houses and apartment blocks going up everywhere. I think they get snatched up by families and investors immediately, something that would probably still keep happening even if we were building inventory 10x faster. (Why wouldn't you, an investor, buy everything we built?) And if you have a big rental or mortgage payment and (God help you) decide to shop at Safeway, you are certainly feeling it. Inflation could fall to 0% and people would still be feeling the pain of their housing prices. [Edit: thinko]
- littlestymaar 3y ago
  > Inflation could fall to 0% and people would still be feeling the pain of their housing prices Idk how CPI is calculated in the US, but in France the way housing cost is taken into account in the inflation calculation is ridiculous, so it doesn't help. (Basically what they do is that they don't count people that buy houses, because “it's an investment you know”, and then they count how much the people who rent pay as a fraction of their revenues, and divide that fraction by two because “it's only half the population”, and also they do hedonic price adjustment on the average housing quality even if existing people's home aren't improving and the price of newly built homes isn't being accounted in in the first place because of the previously mentioned “investment” characterization)
- ametrau 3y ago
  > I'm unaffected because I'm well into paying off this house that I got cheap after the bust at a tiny interest rate;

bsimpson 3y ago

Your coffee shop lowered prices?!

mulderc 3y ago
New shop opened up that has oddly cheap prices for cold brew. My 12oz nitro cold brew is now $1.09. I am told this is just the normal price and they have no plans to change it.
- Arrath 3y ago
  Wow, I'm jealous
  - mulderc 3y ago
    It isn’t the best cold brew, but at $1.09 and being able to get it while waiting for my bus, it is hard to beat.

eric-hu 3y ago

Just a nit, but disinflation is when inflation slows, but is still higher than before. Deflation is when prices go down.

deleted 3y ago
[deleted]

beej71 3y ago

I was about to make exactly this post. We have a WinCo grocery store in town that never got the inflation memo and prices there seem as cheap as always, unlike the Safeway which has, for some reason, exploded in cost. (Things that make you go hmmm.) Meanwhile I'm working 3/4 time (25% retired! Woo!) earning less than ever in an overpriced tourist town. And yet the bank accounts are doing just fine. Sure, gas is pricier, but not as pricey as it was at the peak, and not enough that I pay attention. But that's just me. My bicycle-commutin' self. One place I think is really hitting people, is real estate and rentals. I'm unaffected because I'm well into paying off this house that I got cheap after the bust at a tiny interest rate; the rental value of my home is about double the mortgage payment. We can't build houses quickly enough in this town--and we are doing it, with lots of new houses and apartment blocks going up everywhere. I think they get snatched up by families and investors immediately, something that would probably still keep happening even if we were building inventory 10x faster. (Why wouldn't you, an investor, buy everything we built?) And if you have a big rental or mortgage payment and (God help you) decide to shop at Safeway, you are certainly feeling it. Inflation could fall to 0% and people would still be feeling the pain of their housing prices. [Edit: thinko]

littlestymaar 3y ago
> Inflation could fall to 0% and people would still be feeling the pain of their housing prices Idk how CPI is calculated in the US, but in France the way housing cost is taken into account in the inflation calculation is ridiculous, so it doesn't help. (Basically what they do is that they don't count people that buy houses, because “it's an investment you know”, and then they count how much the people who rent pay as a fraction of their revenues, and divide that fraction by two because “it's only half the population”, and also they do hedonic price adjustment on the average housing quality even if existing people's home aren't improving and the price of newly built homes isn't being accounted in in the first place because of the previously mentioned “investment” characterization)
ametrau 3y ago
> I'm unaffected because I'm well into paying off this house that I got cheap after the bust at a tiny interest rate;