Tuesday, October 23, 2012

Interesting Observation...

Skidmark sent in the following article, with an admonition to take my BP meds before looking at the rise in the price of coffee...

Not Just Gas! Check Out the Drastic Price Increases on These 21 Everyday Items
Tuesday’s presidential debate touched on some massive economic issues that are affecting all Americans. The immense increase in gas prices was a crucial part of the discussion, but have other everyday products seen a drastic increased in price over the same time period? According to Blaze research on data provided by the the Bureau of Labor Statistics* gas prices are not alone in skyrocketing over the last decade. Wait till you see chocolate chip cookies!
Go check out how much prices have gone up in the past ten years. It's pretty eye-opening. The one thing that struck me most about the list? The only thing that had prices go up less than beer was tomatoes. Another thing that's not listed is cigarettes - when I quit in 2001, the price of a pack of smokes at a convenience store was around $3. Now it's between $7 and $8. I can only imagine that's due to tax increases on cigarettes.

When I started smoking in the late 1980s, a pack of cigarettes cost about a dollar. A six pack of beer (err, not that I drank it, mind you) was about $4. Flash forward to today, and that same pack of smokes sells for $8 (OCTUPLE increase!). That six pack of beer? $5, a mere 25% increase over a 25 year span. I'll leave it as an exercise for the reader to determine why the price of beer is kept constant...

And for the record, coffee has gone up a shocking 90% - I blame Bush.

That is all.

3 comments:

Anonymous said...

Ahh Jay, you poor baby. I'm so old I can remember when $1 bought a pack of cigarettes and TWO gallons of gas (33 cents each). Add a bit more for Cokes and you had an evening's cruising between the McDonald's and Dog & Suds. But, I only made $1.50 an hour delivering pizzas so it's all relative. $3.50 gas is a smaller % of my hour-wage now. Shhh, don't tell congress, they'll want to tax it more.

Bubblehead Les. said...

Actually, there is one bright spot that every one should take advantage of. That is the price of Firearms. Quoting from the 1995 Gun Digest, here are some MSRPs: Glock 19, $608; Sig P226, $825; S+W Model 60, $427; Ruger 10/22, $201 and so on. Plus, since this was right at the start of the Clinton Gun Ban, the semi Auto Rifles that were screwed over with Thumbhole Stocks are actually cheaper than back in 1995.

Of course, those are MSRPs, and I'm sure one can find cheaper prices today. So, if anyone has cash left over from buying Groceries, I'd upgrade your arsenal.

You might need it after the Election.

Ken O said...

I feel you Jay. Here in Texas, beer is $7-$8 a six pack. I gave it up in '08 so that does not affect my household. I recently gave up smoking because no matter how much I like my smokes, I just could not justify $300 a month. Looking at the economy- I earn 72% of what I earned in 2001 and work 50% more hours to earn it. Tie that in with the dramatic increases in the price of goods and I am pining for the life I had as a poor college student.