Price of Powder & Primers in Perspective

[Forum Boss]

We all justifiably lament the increases in the cost of reloading powder and primers. Some items have increased well over 200% in the past decade...



But it may be useful to put things in perspective. These inflation statistics were released today on the internet.

Fox News (Prices today vs. 4 years ago in early 2020)
Gasoline $1.99/gallon Now $3.53/gallon (Nat'l average)
Average Mortgage Rates 3.29% Now 7.02%

Food Prices up 25%
Rent Up 22%
Credit Card Debt Up 47% (Aggregate personal debt)

Price Inflation Under President Biden (Source Bill O'Reilly) -- compared to Jan 2020
Food Prices up 20%
Gasoline Prices up 47%
Mortgage Interest Rates up 160%
Home Insurance Rates up 60%
Car Insurance Rates up 125%
Real Wages DOWN 2.24%

49% of American Adults live Paycheck to Paycheck
50% of American Adults have less than $500 in Savings

--------------- Are these reliable numbers?
The mortgage interest change is easily verified. As for home insurance, last month my personal home insurance with Farmers went from $1220/year to $1780/year, a $560 (46%) increase in ONE Year. Thankfully, my car insurance only went up about 20% this year.

 

[snert]

There. Is. No. Inflation!

 

[Murray Brook]

10% inflation--90% greed

 

[Kracken McGraw]

Wow 50% of adults have less than $500 in savings. I wonder if they ever thought about a emergency.

 

[ebb]

They live in an emergency every day, kinda tough to have savings. Have children and no insurance, savings won't last long. I can remember the Palm Beach County Sheriffs helicopter taking my daughter to Miami to Jackson Memorial after her DR treated her for a cold and she had pneumonia. I wasn't working enough hours when Carter was president and he ruined the economy just like now to have insurance. I worked side jobs when i could find them for several years to pay off the bill. It was over $30,000 for the 4days she was there. If you really want to hear about me learning a lesson ask about her DR at Jackson Mem.

 

[rijndael]

20% for food is BS. Our grocery bills are 2X of what they were in 2020.

 

[Benchrest Braxton]

food is more like 300%

 

[ebb]

Well one thing we don't have to worry about, the DOJ doesn't need to be forced to release the Hur tapes anymore.

 

[Shooter13]

Be aware, there is no "top" to this regardless of who is pres. We as a nation can not continue to give so much money to every country in the world. We have to much debt.

 

[Kracken McGraw]

They live in an emergency every day, kinda tough to have savings. Have children and no insurance, savings won't last long. I can remember the Palm Beach County Sheriffs helicopter taking my daughter to Miami to Jackson Memorial after her DR treated her for a cold and she had pneumonia. I wasn't working enough hours when Carter was president and he ruined the economy just like now to have insurance. I worked side jobs when i could find them for several years to pay off the bill. It was over $30,000 for the 4days she was there. If you really want to hear about me learning a lesson ask about her DR at Jackson Mem.

I totally understand what your saying and know this is real.
I was talking about suburban America where they go out to eat nearly every meal and run up their credit cards without a clue to what their doing to their finances.

 

[gunsandgunsmithing]

10% inflation--90% greed

Nope, it's real. They printed money out of blue sky. The direct results are higher interst, higher debt and inflation.

 

[1K6BRA]

It’s not like we were not warned that this would happen…. amongst other things.

 

[Kevin1990]

We have an elastic money supply. It's a fiat currency, and it's printed at the price of what the press cost to print it. I'm 34 and my fear is that this current inflation we have now will never deflate.

 

[Bc'z]

All this started with mandatory minimum wage and a weaponized invisible enemy shutting down supply chains.
Think about it

 

[gunsandgunsmithing]

We have an elastic money supply. It's a fiat currency, and it's printed at the price of what the press cost to print it. I'm 34 and my fear is that this current inflation we have now will never deflate.

Inflation is bad but deflation is worse.

 

[Jayplace]

Am I the only one who remembers mortgage rates being 8 & 9 percent and in some cases going to 11 percent with adjustable rates? Mine was 8 3/4%.
My parent's rate was about 6% which is what it had been for years, now 6% is considered high.
There have always been many who lived paycheck to paycheck, I remember that well.
That $1.99 gasoline was wonderful while it lasted. As I recall, it was during Covid and most of us were not working and if they did, it was from home. There was low production of everything and an over abundance of fuel for which the oil companies had no place to store it. They also said they weren't making any money and needed to sell it at a discount.

When I was younger I had debt and lived paycheck to paycheck, and that was before the $1500 personal phone for everyone in the house. Gee, I wonder why some people are in debt?
Of course many things are more expensive. Covid left a huge void financially for many people and businesses and everyone is trying to make up that void.

The world is not ready to explode yet, or at least I don't think it is.

 

[CJ6]

Be aware, there is no "top" to this regardless of who is pres. We as a nation can not continue to give so much money to every country in the world. We have to much debt.

But they'll pay it back just like WW II.

 

[Old Navy]

We all justifiably lament the increases in the cost of reloading powder and primers. Some items have increased well over 200% in the past decade...

View attachment 1567492

But it may be useful to put things in perspective. These inflation statistics were released today on the internet.

Fox News (Prices today vs. 4 years ago in early 2020)
Gasoline $1.99/gallon Now $3.53/gallon (Nat'l average)
Average Mortgage Rates 3.29% Now 7.02%

Food Prices up 25%
Rent Up 22%
Credit Card Debt Up 47% (Aggregate personal debt)

Price Inflation Under President Biden (Source Bill O'Reilly) -- compared to Jan 2020
Food Prices up 20%
Gasoline Prices up 47%
Mortgage Interest Rates up 160%
Home Insurance Rates up 60%
Car Insurance Rates up 125%
Real Wages DOWN 2.24%

49% of American Adults live Paycheck to Paycheck
50% of American Adults have less than $500 in Savings

--------------- Are these reliable numbers?
The mortgage interest change is easily verified. As for home insurance, last month my personal home insurance with Farmers went from $1220/year to $1780/year, a $560 (46%) increase in ONE Year. Thankfully, my car insurance only went up about 20% this year.

A lot of those numbers are not reliable, at least in my neck of the woods. My car insurance went up 20% this time but my policy is for a year. It pays to shop around on insurance. I switched to The Hartford a couple years ago. Check out your rates on their web site. Gas here is actually lower than it has been. Election year has something to do with that I was told. Wages actually went up last year but inflation over powered that just like my SS increase. My home insurance went up about 10% this last cycle.

 

[Straightshooter1]

Am I the only one who remembers mortgage rates being 8 & 9 percent and in some cases going to 11 percent with adjustable rates? Mine was 8 3/4%.
My parent's rate was about 6% which is what it had been for years, now 6% is considered high.
There have always been many who lived paycheck to paycheck, I remember that well.
That $1.99 gasoline was wonderful while it lasted. As I recall, it was during Covid and most of us were not working and if they did, it was from home. There was low production of everything and an over abundance of fuel for which the oil companies had no place to store it. They also said they weren't making any money and needed to sell it at a discount.

When I was younger I had debt and lived paycheck to paycheck, and that was before the $1500 personal phone for everyone in the house. Gee, I wonder why some people are in debt?
Of course many things are more expensive. Covid left a huge void financially for many people and businesses and everyone is trying to make up that void.

The world is not ready to explode yet, or at least I don't think it is.

Oh yes, you're not the only one that remembers that. Back in '88 my wife and I were saving up to buy a house in Santa Clara County, but the housing market was exploding and we couldn't keep up with our saving for a down payment. Eventually, we got creative with a partner and bought a house in '89, close to the top of the market then, with a mortgage interests rate of 12%! (remember, Reagan was president during that time of inflation) Home prices continue to go up and in 2 years we were able to refinance with a larger mortgage but at 8.25% to pay off the partner. A few years later, we were able to get the mortgage rate down to 7.5%. I was envious of old people who had got their mortgage decades before that with interest rates around 5%. I never thought I'd live to see interest rates that low. I'm glad I my 2 son's have mortgages less than that 5%.

 

[Old Navy]

Mortgage rates were 13% under Jimmy Carter. I have noticed a few thing creeping down at Walmart. The one sentence post above that said 10% inflation 90% greed is true especially when it comes to the one thing we all need, gun powder. My local gun shop has had Varget, H4350 an SC on the shelf for over a year now at $50. I asked him awhile back how he is able to hold that price. He told me he just marks it up 10%. Go figure!