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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (23504)	2/14/2005 2:24:07 AM
From: John Vosilla	Respond to of 116555

Sure inflation overall has gone up in the 6-8% range overall for several years now but it has been a great time for talking on your cell phone hours on end, flying cross country on discount airlines and eating out.

To: Amy J who wrote (23504)	2/14/2005 10:12:58 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

It's becoming cheaper to eat at a restaurant than buying food at a grocery story. Then you must be the world's worst shopper. And Yes I am serious Mish

To: Amy J who wrote (23504)	2/14/2005 3:05:11 PM
From: benwood	Read Replies (2) \| Respond to of 116555

My family of 5 dines at home for about $23 for three squares a day, tax and tip included <g>. One single dinner at our local burger joint is $30, 65-70 at the local Mexican place, and about a 100 dollars at the great seafood place on the waterfront if we let the kids starve. What I've noticed is that for years, the grocery store inflation was muted, and indeed, when I owned a local grocery stock in the late 80's to early 90's (QFC) they routinely stated in their annual report that prices had deflated about 1% per year. Restaurants otoh had continued inflation due to labor, energy, leases, and insurance. The gap may be closing some this year, but it escalated for many years.