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Consumer Prices Will Go Down From Day One? Will Gas Prices Go Down 50% Within A Year?

DaisyDay

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We don't have issues with egg prices here, but my wife and I have joked that we'll get a few silkie chickens at some point for pets just because they're fluffy.

PXL_20220908_213111844-scaled.jpeg
Before you do that, check out Brad from Useless Farm. Maybe Brad was special, but :eek:


I hear that Guinea hens are nice and they are great tick eaters.
 
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essentialsaltes

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Large US Midwest coffee roaster hikes prices as tariffs hit

The National Coffee Association has requested an exemption from 10% tariffs imposed on most goods imported into the U.S. as the United States - the world’s largest consumer of coffee - is unable to produce the beans. So far, there has been no decision from the government.

The tariffs are only exacerbating pain for the U.S. coffee industry. Prices for beans surged 70% in 2024 and are [up] another 15% this year after bad weather hit production in key countries.


There's always patriotic American chicory.
 
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essentialsaltes

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Coffee = 70% + 15% + 10% tariff = 95% increase for your morning cup of joe.

I couldn’t imagine the prices at starbucks and the like. I’m glad I gave them up and make it at home.
I mean... Starbucks has to pay for rent and wages, so doubling the price of coffee won't double the prices the charge.

That said, everyone should make their own coffee at home in the mornings.
 
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DaisyDay

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There's always patriotic American chicory.
That even grows in my ditch! Just gotta dig it up, roast it and grind it. Is this a New Orleans thing? Bitter, bitter.
 
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bèlla

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That even grows in my ditch! Just gotta dig it up, roast it and grind it. Is this a New Orleans thing? Bitter, bitter.

If you plan to harvest it here’s the process with a recipe. ;-)
 
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essentialsaltes

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wing2000

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Hershey and other chocolate makers hike prices as cocoa remains near record highs

[Not tariffs, says Hershey, but] "It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa,” Hershey said in a statement.

[Cocoa prices are more than double what they were 2 years ago.]

Cocoa prices have more than doubled over the past two years due to poor weather and disease in West Africa, which supplies more than 70% of the world’s cocoa.
 
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Richard T

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Hershey and other chocolate makers hike prices as cocoa remains near record highs

[Not tariffs, says Hershey, but] "It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa,” Hershey said in a statement.

[Cocoa prices are more than double what they were 2 years ago.]
Nestle's seems more honest. There is a dynamic going on with supply and prices in some commodities where the tariff is triggering price hikes worldwide. Most of these products are agricultural and metals that the US imports. Coffee, Cocoa and Aluminum are prime examples. Inversely, products the USA exports are seeing price declines. Wheat, Corn and Soy are on that list. Also the US dollar is off 5-10% so that too raises prices for some imported goods but lower the cost of US exports.

In the end we all we have higher prices on most things, until spending is so tight that certain areas like housing will take a hit.

"CEO Laurent Freixe said the company was considering further price rises this year.
  • The KitKat maker said U.S. tariffs risk exacerbating existing commodity price pressures.
  • Revenues at the packaged food giant were up 2.9% in the six months to June, led by price rises of 2.7%.

Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures." Nestle flags further potential price hikes as tariffs, commodities weigh on margins
 
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Yarddog

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Let's watch each month and make the 2026 election a referendum on the keeping of those promises.
1) Does inflation go down each month compared to a year ago?
2) Do food prices go down, actually go down as promised?
3) Does the price of eggs go down?
4) Do gas prices go down?
I'm waiting for Trump's promise to cut drug prices by 1500%, so drug companies start paying us to take their drugs. LOL
 
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Pommer

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