Parts prices...UP 15-25%... what's going on!

[Rocksalt]

2016 big business corporate greed replaced public service ... bro

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[foo.c]

Anyway, back to OP, even here in Australia hard asset 'stuff' prices are up so I'm converting cash to 'stuff' now rather than later.

This is one of the inflationary feedback loops. People expect higher prices in the future, so they buy things that aren't immediate needs, but that causes more inflation.

 

[Dryfly24]

yes this all began in 2016

2016 big business corporate greed replaced public service ... bro

 

[Blade1668]

I'll leave this one here.....
Well it's not just Jeep parts, a salmon fillet 1.25 lbs has went up over $1.00 since spring and the rest has went up at least 20-25% in cost. I was buying the fillet for 6.99 at Kroger's not now last week it was $8.99
Some companies have "hid" the cost increase by changing the quantity of the products. Tuna went from 6oz. in can to 5 oz. a few years ago. Now they're just adding more water or oil, a few just changed to 4.5 oz. in the can.

 

[JCHGlad]

Inflation, the government has poured money on the people while keeping interest rates low, throw in a pandemic with supply restrictions and the current rulers looking to spend 3-4 additional TRILLION dollars….buy your shit now, houses, boats, cars…if you think
It’s expensive now, wait until you look back two years from now.

 

[CrazyCooter]

Inflation, the government has poured money on the people while keeping interest rates low, throw in a pandemic with supply restrictions and the current rulers looking to spend 3-4 additional TRILLION dollars….buy your shit now, houses, boats, cars…if you think
It’s expensive now, wait until you look back two years from now.

A good buddy of mine always said buy all you can on the cheapest financing you can, then pay it back with inflated dollars.

 

[dfwxjer]

A good buddy of mine always said buy all you can on the cheapest financing you can, then pay it back with inflated dollars.

that’s what I’m doing. Leaving cash in the market while I buy things with free money.

 

[ShadowsPapa]

Don't know if it's just me , but I'm noticing several accessory parts I've been watching over the last few months of shopping are going up... a lot! Rugged Ridge, Teraflex, others.
So, I get some increase to keep up with rising costs, But 25% ! Seem's to me there just floating these prices out to see what sticks, definitely got me rethinking a few things.

Have you not been keeping up with the other threads, or the business news, WSJ, articles on shortages, inflation and so on?

It ain't just Jeep parts. Polls show Americans getting a bit worried, even upset, about rising prices (almost everywhere)
Groceries seem to be a contradiction - most prices rising except cereals. Some prices will see 15%, even more inflation, but cereal is actually expected to stay stead if not drop a bit.
Shipping prices - shortages of DRIVERS to deliver goods, you name it.
It's been huge news. Sort of surprised folks haven't been keeping up with it in a way.

It's a combination of things - shortages of goods, shortages of shipping/drivers, INFLATION, pandemic labor shortages, and more.
No, they aren't just tossing prices out there to see what sticks. There are real true market forces (and government forces) at work.
I lived through the 70s and 80s, this is NOTHING.
How about 9% and more home mortgages?

 

[Fizzy Logic]

... things that aren't immediate needs...

I agree and this is an important point. I convert cash to goods that offer immediate utility value, or at least store-hold value, otherwise it's just wasteful or speculative. That's why I have so many bottles of whiskey, I tell my wife.

My .02 .03

 

[ShadowsPapa]

I'll leave this one here.....
Well it's not just Jeep parts, a salmon fillet 1.25 lbs has went up over $1.00 since spring and the rest has went up at least 20-25% in cost. I was buying the fillet for 6.99 at Kroger's not now last week it was $8.99
Some companies have "hid" the cost increase by changing the quantity of the products. Tuna went from 6oz. in can to 5 oz. a few years ago. Now they're just adding more water or oil, a few just changed to 4.5 oz. in the can.

Again - maybe few recall the 70s - WIN - Whip Inflation Now - government inflation controls passed, companies not allowed to raise prices. So, a pack of gum went from 10 sticks to 7. Sizes, quantities, changed to get around that. That's when REBATES started - that way a company could reduce prices - via rebate, but not get in trouble when they needed to raise the price again, simply cancel the rebate. So that was basically the beginning of the rebate thing.
Sizes of candy bars changed, cans of canned food changed sizes, coupons, rebates, all to keep people in the dark about changing prices. I HATE recipes with quantities such as "one family size pack of........" because "family size" has changed 10 times in the last few years. Bucket of ice cream - used to be 1 gallon and 1 quart, then went a gallon and a pint, now is a gallon - yet the price has not changed. Hmmmmmm, consumer psychology. People remember prices, not sizes or quantities.
So we've basically gone back in time 40-45 years.

 

[Tupacshakur]

Probably not widely reported in your facebook echo chamber of science so the confusion is understandable.

 

[BAT]

Have you not been keeping up with the other threads, or the business news, WSJ, articles on shortages, inflation and so on?

It ain't just Jeep parts. Polls show Americans getting a bit worried, even upset, about rising prices (almost everywhere)
Groceries seem to be a contradiction - most prices rising except cereals. Some prices will see 15%, even more inflation, but cereal is actually expected to stay stead if not drop a bit.
Shipping prices - shortages of DRIVERS to deliver goods, you name it.
It's been huge news. Sort of surprised folks haven't been keeping up with it in a way.

It's a combination of things - shortages of goods, shortages of shipping/drivers, INFLATION, pandemic labor shortages, and more.
No, they aren't just tossing prices out there to see what sticks. There are real true market forces (and government forces) at work.
I lived through the 70s and 80s, this is NOTHING.
How about 9% and more home mortgages?

I remember the mess in the 70's

 

[MPMB]

I'll leave this one here.....
Well it's not just Jeep parts, a salmon fillet 1.25 lbs has went up over $1.00 since spring and the rest has went up at least 20-25% in cost. I was buying the fillet for 6.99 at Kroger's not now last week it was $8.99
Some companies have "hid" the cost increase by changing the quantity of the products. Tuna went from 6oz. in can to 5 oz. a few years ago. Now they're just adding more water or oil, a few just changed to 4.5 oz. in the can.

Costco tenderloins were going for $26/pound USDA Prime. USDA was $23/pound. That's about what I pay at a nice supermarket. Usually they're $21-23/lb for Prime.

Tillamook ice cream has shaved a little more off the big containers, now only 1.5q, used to be 1.75q. Cheerios "Family Size" has shrunk to 13.4oz, use to be 15oz or 16oz.

Prices will only get higher when business taxes get passed. Because we know the gov't loves to push "your taxes aren't changing; we're taxing businesses, not individuals." Businesses pass those taxes on to customers and employees by higher prices and stagnant wages or benefit cutting.

 

[SnazzGlad]

I remember when I could get a 30 pack of Busch Light for 9.99. Now I pay 15.99 but it’s still the same cheap beer. This thread could be endless.

 

[FLGladiator]

Costco tenderloins were going for $26/pound USDA Prime. USDA was $23/pound. That's about what I pay at a nice supermarket. Usually they're $21-23/lb for Prime.

Tillamook ice cream has shaved a little more off the big containers, now only 1.5q, used to be 1.75q. Cheerios "Family Size" has shrunk to 13.4oz, use to be 15oz or 16oz.

Prices will only get higher when business taxes get passed. Because we know the gov't loves to push "your taxes aren't changing; we're taxing businesses, not individuals." Businesses pass those taxes on to customers and employees by higher prices and stagnant wages or benefit cutting.

I have noticed this at mostly Costco the last month or so. The usual NY strips or Skirt steaks have at least doubled, maybe tripled in a month. This morning I noticed the bacon went from 10.99 to 17.99. Funny thing is BJs has stayed the same prices. I've noticed Costco likes the play the game more starting with their long term ridiculous mandates. Glad I have other options as Costco is more a secondary quick option for me.

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