Inflation/supply chain price increase check-in

$4.09/gal. FFS.

posted by justincredible

$4.09/gal. FFS.

Knowing that fury that gas prices cause, wouldn't this be close to #1 on your list (as a government official who can maybe do something about it) to do whatever you can (in your power) to bring these down?  

posted by ernest_t_bass

Knowing that fury that gas prices cause, wouldn't this be close to #1 on your list (as a government official who can maybe do something about it) to do whatever you can (in your power) to bring these down?  

Why would this administration, that's been pushing electric vehicles/green technology, gaf if gas prices drop? This is playing right into their hands.

posted by justincredible

$4.09/gal. FFS.

#PutinPriceHike

Went to Kroger this morning and got just about everything I needed. The kind of yogurt my daughter likes was completely out of stock. Prayers requested.

I’ve been dealing with gradual price hikes and shipping delays with work for the past year+, so that’s nothing new.

I don’t drive currently, so I won’t cry about gas.

I do feel for the less fortunate who must commute and are being squeezed by overall price increases. 

Hilljacks crying about filling up their V8 Fords can get fucked. We’ve been here before, let’s hope it doesn’t last. 

7.9?% CPI this morning. i find that to be a farce, but expect the market to react negatively to that.

posted by justincredible

$4.09/gal. FFS.

Get all you can at $4.09

posted by QuakerOats

Get all you can at $4.09

Yea that is going to look cheap in 7-10 days

posted by Fletch

Yea that is going to look cheap in 7-10 days

Why that timeframe?

My wife does Instacart full time so she is in grocery stores every day. 

She was telling me last night that in general, what used to be $150 in groceries just last year is now over $200. 

Specifically the gushers fruit snack my artistic son loves, the box used to be $1.65, it’s now $2.55. Over 59% jump since last year.

My oldest son bought his house and moved out in November. You’d think our grocery budget would go down by 20% (5 people to 4) but it has actually slightly gone up due to the inflation since then.

I was thinking this earlier today, has anyone here ever gotten a COL raise that was ever in line with true inflation. 

Like I can remember 3 COL adjustments in my 15 year career:

In 2008 I got 1.5% when CPI was 3.8%

In 2011 I got 2% when CPI was 3.1%

In 2018 I got 1% when CPI was 2.4% - it's worth noting that i took a 7% pay cut in 2016 when oil prices crashed and this was my first raise since that time

I ask because my company (I found out this morning) gives out raises on the first paycheck in April, so everyone here is expecting 6-7% raises and I'm far more pessimistic. Disclosure here is that all of my previous experience comes from a company I left for my current job in 2018, so I may be way off. But I thought the people here might have different experiences since no one else is in my industry here that I know of.

I heard we’re getting 3% this year.

We federal retirees got 5.9 % this year, CPI was 7.5%.   Probably the closest I'll ever get to keeping up.

When I was a union member, we got one or two annual COLA's.  Got spoiled on that.   I was even a Neil Young fan at the time, lol.

My fiscal year ends this month, appraisals are in the works. 

I don’t expect a raise, but if I don’t get 100% of bonus I’m going to be pissed. 

posted by j_crazy

I was thinking this earlier today, has anyone here ever gotten a COL raise that was ever in line with true inflation. 

Like I can remember 3 COL adjustments in my 15 year career:

In 2008 I got 1.5% when CPI was 3.8%

In 2011 I got 2% when CPI was 3.1%

In 2018 I got 1% when CPI was 2.4% - it's worth noting that i took a 7% pay cut in 2016 when oil prices crashed and this was my first raise since that time

I ask because my company (I found out this morning) gives out raises on the first paycheck in April, so everyone here is expecting 6-7% raises and I'm far more pessimistic. Disclosure here is that all of my previous experience comes from a company I left for my current job in 2018, so I may be way off. But I thought the people here might have different experiences since no one else is in my industry here that I know of.

First company I worked for I tended to get better COL raises than inflation, but that's because, as my boss put it, "The average raise across the company is 3%, if I thought you were average I wouldn't have you in our R&D group". I would get anywhere from 5-9% depending on the year and how he thought I did that year.

No other company have I ever got more than 2-3% COL increases.

I literally got told last year that I was "only" getting 2% instead of 3% because I had just got an actual 3% raise a few months earlier. So I was given 1% less COL because I had earned a 3% increase (a metric I had hit). Because that makes sense...

When (not if) I don't see 7% this year I will definitely ask "so I am making less money now than I did last year?"

On top of the fact that I was told I would get a promotion this year before Q2 is over which would be a 10-15% increase, hasn't happened yet, but I bet they include that increase in the COL, which would be BS.

There's a reason for the saying "the only way to get a true raise is to leave your current company".

This is over 4 different companies in 22 years of being in the same industry. So it's not just a single company doing this.

posted by jmog

(Wife) was telling me last night that in general, what used to be $150 in groceries just last year is now over $200. 

My oldest son bought his house and moved out in November. You’d think our grocery budget would go down by 20% (5 people to 4) but it has actually slightly gone up due to the inflation since then.

Nice to have a spouse who knows where the bargains are, for sure.   Even so, wait til you're empty-nesters and it seems like you're still paying $120 a week.    Got to be stressful for parents with kids, especially high school boys.

posted by jmog

There's a reason for the saying "the only way to get a true raise is to leave your current company".

I left my old job for no raise at all. Exact same compensation (with a slightly higher bonus cap, but not appreciable).

OOF

I get 1.5% every year. But it's not nearly in line with actual COL.

posted by Automatik

My fiscal year ends this month, appraisals are in the works. 

I don’t expect a raise, but if I don’t get 100% of bonus I’m going to be pissed. 

Just got my bonus paid out yesterday and it was about 20% more than I was expecting.

Felt like Clark Griswold after they kidnapped Mr Shirley.