Wednesday, May 13, 2009

Inflation is slowly appearing out in the Real World

Alas, it's been a month since I posted simply because there is so much turmoil at the moment that patterns had yet to form, until now:

Gasoline has risen from 1.97 to 2.13

Motor Oil has suddenly spike upwards, premium brands are now 3.20 a quart, even the store brand at Advance Auto has jumped to 2.69 from 1.59 even during the height of the oil crunch last year.

Spaghetti Sauce has jumped from 1.00 or so to 1.25, even plain old boxed pasta has increased from .88 cents to 1.37 a box of rotini.

Ammunition is still scarce, with astronomical prices being asked for a single box of ammunition, 47.50 for a single box of aummunition.

The M1 supply has risen 10% already,  with more to come, meaning inflation will really kick in this year, meaning what you purchase now will be a better investment then most of the traditional intangiables investments that served so well from 1982-1999.

We've had an unusually wet spring so far, the home garden is doing well, and hopefully, home gardening will continue to grow in popularity as it will provide an offset to the inevitable increase in the price of gasoline and other food stuffs, in this case those in warmer weather climates will have an advantage over those in the northern parts of the US, or for that matter, the globe. If you have the climate and the space, there is little reason not to grow a garden this year, and grow that which will be expensive at the local grocery store, Red Peppers for example, are a good crop, Corn on the other hand, is not as 3/1.00 vs 1.89 per pepper makes quite clear.