Inflation - is anyone noticing it?

Well yes I assume so. 99% of raw materials for paints & polymers come from OS, China, Europe & USA, Covid last year has cut production of anything down by a huge margin but the world is currently exceeding expected demand in many areas.

We know the plants being shut due to fires, storms, or regulations has restricted supply so I guess that’s cause for “FM”?

Not much anyone can do about it really.

 

Yes, i know, its crazy nuts

Northcote cheaper than Clifton Hill. I was eyeing off these areas 2 years ago, never mind

i have some other areas to look at in inner west as well. Its all a numbers game

 

Is their any benefits to inflation?
For asset holders .

 

It erodes debt for starters

 

Usually inflation increases prices before incomes start to rise so there is often a squeeze. As this government remains committed to improving returns on capital over wages I expect there will be some pain among those highly leveraged unless their property remains cf+ as interest rates rise.

 

Another indicator of inflation

Dr. Copper’s inflation diagnosis shows the patient is already sick

 

Yes we can all agree the inflation tsunami is coming. But what can we do?? Well the best way to avoid inflation is get in dept which I dare say the majority of us are in...let's just ride this train all stations and bask in our own smugness.

 

OK ... smugness I love

 

Ok, anyone anticipating prices will somehow go back to pre covid will be extremely disappointed. The main indicator will be China Price Index (World’s main factory) which has gone up despite rising currency

 

Prices of what?

 

Producer Price Index.

Usually it goes up or down offset by rising/lower currency. Recently they have both gone up

 

Inflation won't come.

 

It all ready is. It’s just not reported properly.

 

Litmus test I think is wages. Are they rising/rising steeply? Not in my neck of the woods...but maybe that's more a reflection on me

 

Mine is up around 300% in 8 years but not reflective, Most around me have probably increased by at least 50-70% in recent years. I feel like inflation has been happening quietly in the background for awhile now.

 

Well, as long as the increases are for doing the exact same job and status - not them climbing the ladder.

 

In what way? I'm not referring to asset inflation.

 

Groceries are up. That's basic inflation right there.

 

But electronics, cars, furniture, clothing, footwear, etc? You might say I don't buy a car every week. But that's where this whole discussion falls apart. There is little official inflation, but that's according to the official definition of inflation.

Is there inflation becomes impossible to answer when everyone uses different definitions and everyone says all the other definitions are wrong.

Maybe a better question is 'are you seeing prices rise for the stuff you buy regularly'. But then every answer is individual.