Largest Price increase you have seen ?

[Rob Tucker]

Please keep it Hawaii folks. If you want a general discussion of the benefits and detriments of capitalism find it somewhere else.

[HereOnThePrimalEdge]

the only way to get ice after Iselle was to wait for hours in a county line? I would have rather paid $5 a bag…

That may have been preferable for you, but do you think it would have benefited a majority of the people in Puna?  There was no electricity after Iselle, residents had a fridge full of food which some bought on an already limited budget.  When we were living under emergency conditions would you rather have seen necessary items distributed to a majority of the population in an inconvenient county line, or the minority?  Which way would allow more people to eat, not just those with reliable transportation, a full tank of gas, and disposable, meltable income?

[terracore]

https://www.cnn.com/2022/05/17/energy/ga...index.html

National average price per gallon expected to be $6.20 by August.

Based on the figures in the article, a 37% increase would correlate to $7.24 per gallon average in Hilo.

Of course, a few wildcards can change the estimate either way. A recession would curb gas usage, putting downward pressure on prices. A bad hurricane season could cause refinery closures which would put upward pressure on prices.

[eightfingers2.0]

Watch for the pirate corn at Safeway.



It’s a buck an ear.

[kalianna]

KTA has great Oahu grown fresh corn. Best I've had west of the Rockies. Well worth the price if you like good corn. And why shop at a mainland corporate store? Keep your money on the island when you can.

[Ccat]

They say the inflation rate is 7%, the highest rate in 40 years.

The problem is that if they measured inflation using the same metrics they used 40 years ago, it would be 15%. (If this post is read in the future, the graph below may not jive with the numbers in this post because it's a hotlinked graphic (subject to change).


(shadowstats.com)

And look at the money supply:



Reverse repos consistently over $1.6 trillion:

https://fred.stlouisfed.org/series/RRPONTSYD/

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All we can hope for is that the inflation rate will come down as quickly as it did in 1982.

There were a couple of terrible years. But we all paid for it, back then, with high interest rates and shortages. The various government entities debt was also a fraction of what it is today. Not just federal debt but the massive bond issues,, etc, of all the other government agencies.

What the hell are they spending this massive amount of money on? Public infrastructure is falling apart, just for starters.

Ccat

[AaronM]

Studies, Surveys and Slush Funds. Uncle Sam can't let the little backwater Counties have all the fun!

[Kiana]

I haven't read all 22 pages of this thread, so forgive me if this item has been posted already. Just saw a 30 oz. Best Foods Mayo at KTA for $10.69???? Bought the generic Essentials brand instead for $6.19, which I paid for $2.99 on the mainland last week.

[Durian Fiend]

Apparently Costco hotdogs remain $1.50, despite rumors of a price increase. At least, this is the news from mainland. I wouldn't know about Kona Costco. Hardly ever get there and don't eat hot dogs.

"I came to him once and I said, 'Jim, we can't sell this hot dog for a buck fifty. We are losing our rear ends,'" Jelinek said. "And he said, 'If you raise the effing hot dog, I will kill you. Figure it out.'"

And figure it out, Jelinek did. Costco built its own hot dog-manufacturing plant in Los Angeles, followed by one in Chicago, in order to produce Kirkland Signature hot dogs."

['elepaio]

Beefaroni was .99 now 1.54 walmart and 4:5$omething at the WGC store.

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eta Walmart version still .84 ..go figure.