HoneyBee Posted September 14, 2021 Report Share Posted September 14, 2021 I am starting to wonder if the inflation numbers reported by the Mexican Central Bank are really a true representation. As one example, today I had to go to a hardware store with one of my workers and just happened to look at the price of stationary gas tanks. The 180 liter was listed at 8,770.00 Pesos. 2 years ago I bought the same tank for 4,500.00 Pesos (yes, almost double). These tanks are manufactured in Guadalajara so go figure. On a minor note, the Costco Hot Dog price increased a little over 30 percent. Have wages gone up to reflect this ? I doubt it. 😒 1 Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted September 14, 2021 Report Share Posted September 14, 2021 First, you should know that Costco subsidizes its snack bar and its roasted chickens, and they take a loss on most of it, but it sure keeps the customers coming, so I don't think that's an indicator, lol. Don't know nuthin' 'bout 'nflation, but I do know the pandemic has caused the most unbelievable things to skyrocket in price, what with all the stalled container ships, export fees, government-imposed tariffs, loss of workers, etc. And yeah, that's a bit scary for a tank. 1 1 Quote Link to comment Share on other sites More sharing options...
bmh Posted September 14, 2021 Report Share Posted September 14, 2021 Honeybey yes everything related to construction is going up like crazy.. Last year I paid 430 for a sheet of plywood this year 732, last year 190 for a bag of cement this year 210, last yesr 200 pesos for a sheet of lamina, this year 420.. These prices are from Chiapas but I assume the price increases are hitting everywhere.. The metal took a big jum 2 years ago but increased again this year.. and on and on..Last year mason in a comunity 200 a day ths year 300 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted September 14, 2021 Report Share Posted September 14, 2021 It’s been well known for many years that the US govt hasn’t been truthful about it’s inflation rate. We shouldn’t expect the Mexican govt to be any different. Those of us on fixed incomes are the most affected. 2 1 Quote Link to comment Share on other sites More sharing options...
Jim Bowie Posted September 15, 2021 Report Share Posted September 15, 2021 1 hour ago, Jreboll said: It’s been well known for many years that the US govt hasn’t been truthful about it’s inflation rate. We shouldn’t expect the Mexican govt to be any different. Those of us on fixed incomes are the most affected. Gotta get that jab at the Us , don't you? What an a&&. 3 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted September 15, 2021 Report Share Posted September 15, 2021 “Hurricane Nicholas just hit the gulf coast” There, i just took another jab at the US. I hope I didn’t hurt your feelings. 4 Quote Link to comment Share on other sites More sharing options...
gringohombre Posted September 15, 2021 Report Share Posted September 15, 2021 Why would you need any government to tell you about an inflation rate??? Cannot you tell just by comparing what is going out of your pocket today compared as to what was going out say a year ago for the same things??? I don't trust ANY government: Mexican, U.S. or any other!!! 2 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted September 15, 2021 Report Share Posted September 15, 2021 You just hurt Jim Bowie’s feelings. Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted September 15, 2021 Report Share Posted September 15, 2021 2 hours ago, Jreboll said: It’s been well known for many years that the US govt hasn’t been truthful about it’s inflation rate. We shouldn’t expect the Mexican govt to be any different. Those of us on fixed incomes are the most affected. But we are not talking about the USA....are we? Everyone who has shopping for food stuff has experienced first hand the increases , it's a no brainer regardless what the government figures are, I forgot to mention Gasliqudio that seems to go up every month 2 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted September 15, 2021 Report Share Posted September 15, 2021 Whatever it is,I can afford it without grousing about it. My only concern is for my Mexican friends who may suffer. 2 Quote Link to comment Share on other sites More sharing options...
mudgirl Posted September 15, 2021 Report Share Posted September 15, 2021 3 hours ago, Jim Bowie said: Gotta get that jab at the Us , don't you? What an a&&. Says the guy who constantly posts negative articles about Mexico. 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted September 15, 2021 Report Share Posted September 15, 2021 The answer to the OP's question is no, probably not by any government as high inflation creates unrest and political change. I would expect inflation in the US to resonate at least somewhat in Mexico. We are NOB at the moment and the inflation is quite noticeable here. Also more than a few bare spots on store shelves. Amazing how we can't seem to discuss anything here without it degenerating into personal sniping. 😒 2 3 Quote Link to comment Share on other sites More sharing options...
Whipstock Posted September 15, 2021 Report Share Posted September 15, 2021 "Priciest Food Since 1970s Is a Big Challenge for Governments" I'd guess that with almost all governments worldwide having added so much debt to their balance sheets during the pandemic; Inflation will be here for a long time. https://www.bnnbloomberg.ca/priciest-food-since-1970s-is-a-big-challenge-for-governments-1.1652365 Quote Link to comment Share on other sites More sharing options...
traderspoc Posted September 15, 2021 Report Share Posted September 15, 2021 inflation put simply you mom and dad paid $5000 for new car, today $30,000 to $40.000 or more so prepare for 10 years from now for the price of food, inflation per Mexican govt 5.88% Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted September 15, 2021 Report Share Posted September 15, 2021 Drive 'em until they drop. 1 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted September 15, 2021 Report Share Posted September 15, 2021 Someone knocked on my door last week wanting to buy my old car. Car dealerships have sign saying “we will buy your car, you don’t have to buy ours”. And now with thousands of cars flooded due to rainstorms people are desperate for any car. as the saying goes “when US sneezes, Mexico gets a cold”. Hang on to your cars wherever you are. Quote Link to comment Share on other sites More sharing options...
gringohombre Posted September 15, 2021 Report Share Posted September 15, 2021 4 hours ago, Mainecoons said: Drive 'em until they drop. My 1982 Ford F-150 pickup just celebrated its 40th birthday!!! I asked Armando my mechanic how many more years and he said 40...I asked him how many more years for me and he looked at me, laughed and said 40!!! I'll take that any day!!! Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted September 15, 2021 Author Report Share Posted September 15, 2021 37 minutes ago, gringohombre said: My 1982 Ford F-150 pickup just celebrated its 40th birthday!!! I asked Armando my mechanic how many more years and he said 40...I asked him how many more years for me and he looked at me, laughed and said 40!!! I'll take that any day!!! In other words, walk until you drop. ☺️ Quote Link to comment Share on other sites More sharing options...
barrbower Posted September 16, 2021 Report Share Posted September 16, 2021 In the US, the "inflation rate" is calculated (generally) by looking at goods and services not including food or energy costs (like utilities.) Also not included are taxes, higher education, healthcare, credit card interest, and home prices. So basically all the things people know are zooming upwards are the things that make life just existing day to day for many people. I'm sure the actual cost of living increases each year are actually not the 2.5% quoted but are easily four times that. Wages have been flat since the seventies making it seem even more worse that it truly is. I'm sure the same is true in Mexico. Every country needs a "working poor" class to stay a little afraid and therefore easy to manipulate, to keep the economy stable. Just buy what you need and try to keep everything you've bought for as long as possible. And try to think of those less fortunate than most of us are. Alan 4 1 Quote Link to comment Share on other sites More sharing options...
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