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But there's no inflation

TomD

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#1
This letter I recently got from Vulcan Materials is typical of a bunch that I've gotten this year. No inflation? In whose universe?
Pricing Info - Vulcan-1.jpg
 

kiffertom

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#3
a goof friend of mine has an auto repair shop. the oreilly rep stopped in and was telling him about the across the board price increases in their parts. he said i know the auto zone guy was here yesterday telling me the same thing.
 

Buck

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#4
Did China adopt a minimum wage?
 

hammerhead

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#5
It is good to see wages going up. What I've seen happen quite often is in between the time the proposals are accepted and the actual start of projects, the costs have increased. It isn't unrealistic to have a contingency fund of maybe 10% set up for unseen surprises and I think it would be wise to include in the bid such material cost rises.
 

Buck

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#7
I pay more for my water department service charge than I pay for the water I use

THIS is where it all went wrong when the service to provide something, aka: Administrative Costs EXCEED the cost of the product being served, outweigh the value of the product being served

The value of the water hasn't gone anywhere, it's needed, it's a requirement, but the cost to serve that end has increased tremendously...the profit for the Utilities is in the labor/service, not in the product

And NO ONE grows when that happens, not even those who collect the funds, as ultimately they are 'consumers' too and they will be paying all increased costs associated with the product...
 

Au-myn

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#8
I get a double burger a couple times a month from an old burger place that started in 1956. Great char-broiled menu!

Today's price no cheese $6.25. Three years ago it was $4.60
up 35%. Every year or so they bump it around half a buck.
 

TAEZZAR

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#10
Inflation - The most insidious tax there is AND it is hidden in plain sight !
 

Goldhedge

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#11

Fatrat

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#12
Vulcan supplies our sign blanks, and they went way up. We are recovering our signs where we can. I like seeing prices on old menus from the 50-60s...
 

TomD

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#13
Vulcan supplies our sign blanks, and they went way up. We are recovering our signs where we can. I like seeing prices on old menus from the 50-60s...
I remember some of the prices

gasoline- $.25/gallon
candy bars- $.1
bowling- $.25/game
me, early 60's mowing neighbor's 1/2 acre hilly lawns with a push mower- $2
McDonalds hamburgers $.15
A new go cart bought circa 1961- $95
First car I bought new- 1975 Fiat 124 Spyder Convertible $2850
quarterly tuition at Georgia Tech in 1966 $80
Coke in machine in late 50's, $.05
1st hourly job, 1963 picking up baseballs at a batting range- $.50/hour
Private E-1, USMC in 1968, $70/month
Cigarettes at PX $1.45/carton
1st job in 1975 after receiving engineering degree $12K/year.
 

newmisty

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#15
I remember some of the prices

gasoline- $.25/gallon
candy bars- $.1
bowling- $.25/game
me, early 60's mowing neighbor's 1/2 acre hilly lawns with a push mower- $2
McDonalds hamburgers $.15
A new go cart bought circa 1961- $95
First car I bought new- 1975 Fiat 124 Spyder Convertible $2850
quarterly tuition at Georgia Tech in 1966 $80
Coke in machine in late 50's, $.05
1st hourly job, 1963 picking up baseballs at a batting range- $.50/hour
Private E-1, USMC in 1968, $70/month
Cigarettes at PX $1.45/carton
1st job in 1975 after receiving engineering degree $12K/year.
This one is crazy Tom: "quarterly tuition at Georgia Tech in 1966 $80"