Hyper-inflation
Discussion
Hi all,
so what do the people of PH think some of my supplier's are starting to squeal about a raw material shortage and are warning me about immanent price increases across the board some are quoting up to 25% increases on PVC ,polypropylene, latex, ABS, and so on apparently EU stocks are being diverted to the US.
do we think the stuff is about to hit the fan in a big way ?
over to you PH.
so what do the people of PH think some of my supplier's are starting to squeal about a raw material shortage and are warning me about immanent price increases across the board some are quoting up to 25% increases on PVC ,polypropylene, latex, ABS, and so on apparently EU stocks are being diverted to the US.
do we think the stuff is about to hit the fan in a big way ?
over to you PH.
fuzzymonkey said:
If prices of second hand cars are starting to level out or even starting to increase, it makes you start to think something is happening.
Do you not think thats down to the 2030 ICE sales ban? For example the JDM market at least has exploded for what I hope are obvious reasons. No one has to pay the prices people are asking though.
No,
What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
Although hyperinflation is a rare event for developed economies, it has occurred many times throughout history in countries such as China, Germany, Russia, Hungary, and Argentina.
What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
Although hyperinflation is a rare event for developed economies, it has occurred many times throughout history in countries such as China, Germany, Russia, Hungary, and Argentina.
Cardboard prices are through the roof, and bubble wrap has gone up 33%. Raw materials are going up on everything. I have a compost supplier who is struggling to get the plastic pellets to make the bags to put the compost in. Timber is also shooting up, I have a supplier 60% out of stock and source much of their timber from Poland I believe. I'm waiting 4 weeks+ for cardboard boxes to be made. Honestly the admin of it all is what gets me - I can pass the cost on to some extend but with over 2,000 products, and some with 'free delivery', it's a constant game of changing prices!
Parcel distribution costs have gone up 10% as well.
Parcel distribution costs have gone up 10% as well.
Carling Black Label, Fosters and SKOL are both struggling to get hold of cans to put their drinks into, (Carling with the 440’s, Fosters with the 568’s and SKOL for everything).
Some lines of Monster energy drinks are also running out.
From what I am told from reliable sources, this is due to an inability to source the cans and nothing to do with the actual brewing process.
Overall I’d conservatively estimate the price of foodstuffs and especially alcohol has risen by 20% over the last 12 months.
Some lines of Monster energy drinks are also running out.
From what I am told from reliable sources, this is due to an inability to source the cans and nothing to do with the actual brewing process.
Overall I’d conservatively estimate the price of foodstuffs and especially alcohol has risen by 20% over the last 12 months.
discusdave said:
Things are really lifting off now... where will it end! Hyperinflation...
called it early maybe ?
The youth of today !called it early maybe ?
Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
For reference, the Turkish inflation rate is 78% per year currently. That's proper inflation.
Also, wikipedia has it that hyperinflation is a *monthly* rate over 50%. That's 1300 % per year.
dcb said:
The youth of today !
Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
For reference, the Turkish inflation rate is 78% per year currently. That's proper inflation.
Also, wikipedia has it that hyperinflation is a *monthly* rate over 50%. That's 1300 % per year.
i see, i guess we just suck it up then.. nothing to see here.Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
For reference, the Turkish inflation rate is 78% per year currently. That's proper inflation.
Also, wikipedia has it that hyperinflation is a *monthly* rate over 50%. That's 1300 % per year.
dcb said:
Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
And interest rates in the same period were…? 10%+ for most of the 70s. defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
Part of the reason people have “their knickers in a twist” is due to the significant disconnect between interest rates and the current rate of inflation.
Whilst we probably won’t see hyperinflation, the OP is right to be concerned.
dcb said:
The youth of today !
Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
For reference, the Turkish inflation rate is 78% per year currently. That's proper inflation.
Also, wikipedia has it that hyperinflation is a *monthly* rate over 50%. That's 1300 % per year.
In Turkey is that it is as much about a falling currency as it is structural inflation. The Turkish Lira has lost over 2/3 of its value since 2020.Some of us remember inflation in the 1970s being 25% a year and success being
defined as it dropping to 10%.
These days, the UK youngsters are getting their knickers in a twist over rates
approaching 10%. That's nothing.
For reference, the Turkish inflation rate is 78% per year currently. That's proper inflation.
Also, wikipedia has it that hyperinflation is a *monthly* rate over 50%. That's 1300 % per year.
I buy from producers in Turkey. The USD prices they charge me haven't gone up very much. Turkish USD prices are not contributing significantly to my BoM inflation.
We are seeing similar effects in the UK on USD-priced imports, but the pound hasn't collapsed (yet).
Simpo Two said:
skwdenyer said:
The Turkish Lira has lost over 2/3 of its value since 2020.
I buy from producers in Turkey. The USD prices they charge me haven't gone up very much.
Shouldn't they have gone down in real terms?I buy from producers in Turkey. The USD prices they charge me haven't gone up very much.
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