Inflation - is anyone noticing it?

Invest in some clippers for 20 bucks from Kmart and give yourself a no.2 for the rest of your life. Im hear to help

 

But $15 and crappy haircuts weren't as correlated earlier. Now they are. That's the point OP is trying to make. Inflation isn't 50% - $10 price shouldn't become $15.

 

I don’t know what your hourly rate is (or was if you no longer work) but how long would you work for $15, taking overheads etc into consideration too?

 

Most of such shops, generally speaking, take payment in cash and that makes me wonder how accurately they pay tax for their incomes. Answer to this makes a huge difference in how much they can afford to charge irrespective of all other expenses.

 

A crappy haircut doesn't take an hour to do.

 

Precisely my point. So how many cuts would they need to do at $10/$15 to make half decent money.

 

https://www.abc.net.au/news/rural/2022-05-02/goodiwindi-building-crisis-demand-prices-high/101023452

I think this is a good example of the direct effect of inflation at work. Particularly relevant to the debate of buying commercial as going concern vs vacant land with intent to build.

On another note relevant to Agriculture, Urea (fertilizer) has tripled in price within 14 Months. Herbicides similar story.

 

Up the road in Albany Creek, my husband's "senior's" haircut costs $23 for five minute's work. That beats the $45 in snooty EH.

 

https://www.cnbc.com/2022/05/02/i-b...percent-interest-for-the-next-six-months.html

• I bonds, an inflation-protected and nearly risk-free investment, will pay 9.62% through October 2022, the U.S. Department of the Treasury announced Monday.
• “It’s a milestone for I bonds,” said Ken Tumin, founder and editor of DepositAccounts.com.
• However, there are purchase limits, you can’t tap the money for one year and there’s a penalty for selling within five years.

 

Only took a few months and some property markets now softening.
I predict Labor will win after IR rise today, nail in the coffin

I guess Could be worse US inflation at 8.5%

Lets see what happens next 3 months.

 

In all fairness - the rise in inflation is not controllable by government or consumer spending, and hence won't be controlled by interest rate rises.

Basically ... fuel is up due to a war on the other side of the world - food is up due to fire/drought/flood (more on this in a moment) - construction products are up due to supply chain problems - vehicles are up due to China lockdowns (more on this in a moment) etc etc

Things that are controllable is the Australian government's inability to bring in specialist, and seasonal, agricultural workers for planting and harvesting ... combine harvester drivers is a specialist area and the crews travel the world following the crops - more simplistic harvesting is often undertaken by our pacific neighbours and their inability to get work visa's has disadvantaged both countries involved (us and them) ... the Chinese Shanghai lockdown has wakened the world to the dangers of relying on singular components to be manufactured offshore - a single Tesla factory has closed due to components not being supplied - 2,000 cars a day and this is a single manufacturer ... India is reporting a shortage of ingredients for everyday pharmaceuticals (ie, panadol) as particular ingredients are manufactured in Shanghai and not being exported

Only takes 1% of a final product to be lacking, to result in that product not being available

 

Australian inflation hits 20-yr high

Inflation hits 5.1%. How long until mortgage rates climb?

 

womens clothing - interesting!

 

Lack of supply or cheaper prices due to competition?

 

As a female shopper ... seems to be excess stock and lots left over at end of season, as no one is buying, hence cheaper prices

 

Haircut at the barbers now 50% higher than pre-pandemic.
Now that's hyperinflation!

 

Covid = More woman are WFH & leaving home less & less = less need to buy clothes to look good.

Global warming = Climate is getting warmer, I notice girls are wearing less & less.. in the Gold Coast anyway.

 

Less is more then.

 

INFLATION UPDATE

Had my hair cut today - still $15, therefore hyper-inflation experienced up to beginning of April (50%), but inflation seems to have flatlined now with hair cut prices holding steady - panic over.

 

$15 is a bargain lol..
Im in Sydney, and pay $30, though I have longish hair ....