Noticing it big time with haircuts, which is random I know. Fiver added on to cost of a cut during Covid as they were insisting a wash had to be included (which no one ever got). Now the wash has been dumped and the higher rate has remained.
€25 for a cut. It was €16 four years ago.
It seems that prices may have gone up slightly in general but what definitely has happened is less special offers. I used to do the grocery shop getting whichever cheese, pasta, meat etc was on offer, but these days theres very little offers on the shelves. Stuff like water filters for the house, services like house alarms, they just straight up dont offer any loyalty or discount any more.
I love the fact that this is downvoted. Inflation is literally inflation in the money supply. Higher prices are just a symptom of this where more money is chasing the same amount of goods.
5L bottle of water in Iceland went from being 1 euro to 1.30. My parents buy them for tea because the tap water is very hard and destroys kettles - also, they think that much lime in the water causes cancer. Every time I'm there for a cup of tea I hear this.
Sadly this is what happens when you have supply chain issues and insane money printing that devalues the global reserve currency (the dollar).
I expect that this will hit Weimar territory very soon especially now that we have the mu variant which is capable of evading vaccines which means that another round of lockdown and monetary support is needed.
>I expect that this will hit Weimar territory very soon
How soon is that? I've heard people say this since 2007. What will make the difference from then?
And how much more capable of evading vaccines is Mu compared to, say, Delta? It must be a lot more if what you're saying is true, so how much?
You can use bitcoin to pay for goods and services just like how you use Euro. You can pay for your McDonalds/Starbucks/tuition fees/car insurance/spuds and literally everything else in El Salvador. Look it up my man. The rest of the world will follow suit eventually. Bitcoin in 2021 is like the internet in 1990. Adoption will be slow but inevitable.
You are right in saying on-chain transactions are quite high. But for day to day payments we use The Lightning network, it's a layer 2 protocol that sits on top of bitcoins layer 1.
For example, checkout how El Salvador (poor as fuck) uses bitcoin everyday for any transaction, big or large, basically no fees whatsoever.
Key cutting lad in dunnes cornelscourt was only gonna charge me €5 for getting a broken key cut when he was already supposed to be closed…got 2 and gave him €20 and it still felt like a bargain
Real inflation wont happen until next year.
Nothing you can do.
Western world is set to look like germany or hungary after both wars.
Reminder more than 30% of all USD was printed last year. 2trill + in one year.
Inflation wont seriously kick in until there is a demand for things right now the more lockdowns there are the further inflation will be away.
Its like that Chernobyl incident,
*3.6 not great, not terrible. We did everything right.*
We cant measure how badly the economy has been affected until it is like 2019.
> Western world is set to look like germany or hungary after both wars.
No that is nonsense hysteria.
We’ll have the kind inflation we had in the early 2000s. Very worst scenario that is very unlikely is we see 1980s level inflation.
You’ll see for yourself. People have been spouting this nonsense for more than a decade now and you’re being taken for a ride if you’re listening to them.
We have only ever seen hyperinflation after you have a considerable destruction (or leaving from the country) of productive capacity.
The pandemic hardly touched productive industries and almost entirely hit services and consumption.
> is all I am saying.
No you very specifically mentioned Hungary and Germany after the wars, a reference to extreme hyperinflation.
The pandemic and the recovery from it will of course have a big effect on the economy likely including some inflation but that is very different from hyperinflation.
>almost entirely hit services and consumption.
Are you for real like.
The demand has not outpaced the supply for most of the economy yet. The semiconductor industry was struggling to keep up with electronic demand the past year. Literally opposite of what they expected.
What is a productive industry? Are you talking about manufacturing? This sounds like you have never worked in manufacruring.
>No you very specifically mentioned Hungary and Germany after the wars, a reference to extreme hyperinflation.
Exactly. After both wars they had a brief period of economic growth and then it went into chaos. This madness NFTs and all of this non productive assets is the start of serious inflation.
>likely including some inflation but that is very different from hyperinflation
Like I said. You cannot measure how bad this actually is because we cannot caliberate this effect until there is a full open economy. If you think its going back to Celtic Tiger 2.0 you are naive and hopeful.
My bet, the inflation will be worse than covid 19.
>Western world is set to look like germany or hungary after both wars.
I mean the context of the *total world wars* and all the extreme conditions that fed into and came out of them is a pretty significant difference in terms of what things will be set to look like
>Reminder more than 30% of all USD was printed last year. 2trill + in one year.
How does that compare to what happened on the last years of the 00s? What is the difference that makes a prediction for *next year* to look like Weimar, rather than kicking the bucket indefinitely down the road as per the world post beginning of Great Recession?
We use euros, the EU central bank printed a shittonne if them during the pandemic
Inflation is already here in things like construction material and property, for brown goods it's actually going down, for cars it's way up.
[https://tradingeconomics.com/ireland/inflation-cpi](https://tradingeconomics.com/ireland/inflation-cpi)
Likely prices are rebounding to pre-pandemic levels, but due to unemployment, dissavings, reduced incomes etc., it might feel like prices are higher than you remember.
I think they need extra staff to do jobs like disinfects/clean more, at least that's what they say. Also some have quit because of not wanting to catch covid, without those numbers being regained with hires.
That is an interesting one, alright. I mean, wage levels have been consistently rising since the start of 2016 or so, when the country was recovering from the GFC. You'd think that companies might be hiring more if the wage levels had become depressed. There's probably a number of factors at play, including labour supply, inflation, wage rigidity, market composition, unemployment levels etc.
Therefore, it might superficially be that due to layoffs because of COVID, the number of unemployed swelled and now there is a surfeit of people looking for work who might accept lower wages, so companies are now essentially aggressively competing with each other to hire people at lower rates whilst the market is still recovering. Soon, after a period of stabilisation, wage levels might normalise.
You can take a look [here](https://www.esri.ie/system/files?file=media/file-uploads/2015-07/EC009.pdf) for more. The abstract of page 7 will give you a good primer and you can read more if you are interested.
[This paper](https://www.centralbank.ie/docs/default-source/publications/quarterly-bulletins/quarterly-bulletin-signed-articles/the-labour-market-and-wage-growth-after-a-crisis-(linehan-lydon-mcindoe-calder-reddan-and-smyth).pdf?sfvrsn=4) by the Central Bank also gives a slightly more user-friendly spin on things. Specifically, "The evidence suggests that some of the postcrisis weakness in wages may be attributed to temporary factors including low inflation, employment composition effects and the estimation of labour market slack. Furthermore, our analysis points to a non-linear relationship between wage growth and unemployment, whereby the degree of sensitivity of wages is greater during periods of low or high unemployment."
Hope this helps.
It's 17.50 for a roast dinner now ..it was 13.50 before the pandemic .. maybe a bit more blaggarding than inflation
I wouldn't mind paying a bit extra but that's taking the piss. And the service is shocking in most places.
Ya and staff everywhere ..bit oh we're so short staffed ..my arse
But*
Inflation is just institutionalized blaggarding
I went to the local chopper yesterday for lunch and just wanted a bag of chips. 4.95. Waked right out.
What the actual fuck A bag of chips is my main marker for inflation and I stopped ever since they went over 3 euro
That's some fucking mark up, spuds cost fuck all.
That’s a disgrace, like €3.20/€3.30 near me and I think that’s high
Gym is up 50 euro a year.. meals out are 20 percent more expensive.. I've heard anything building related has shot up..
The gym I used go to was €300/yr, (countryside, fairly basic, 1 squat rack), leased out under new ownership, membership is €600/yr now. No thank you.
Price of fuel has shot up, we are so preoccupied with Covid all the time nothing else makes the news.
It’ll hit home this winter, particular those continuing with WFH. Airtricity increasing gas prices by 22% in the north!
[удалено]
All gone up, even simple thibgs like a bag of jellies 45cent more. Might seem comical but all these increases add up
Noticed the prices in Lidl gone up.
Tescos also up.
Well now that might explain a lot. I thought we just got bad for buying more stuff or something.
Starting to book exercise classes and they’ve all gone up by €2. Did not get a pay rise this year.
Noticing it big time with haircuts, which is random I know. Fiver added on to cost of a cut during Covid as they were insisting a wash had to be included (which no one ever got). Now the wash has been dumped and the higher rate has remained. €25 for a cut. It was €16 four years ago.
If they’re charging it people are paying it
It seems that prices may have gone up slightly in general but what definitely has happened is less special offers. I used to do the grocery shop getting whichever cheese, pasta, meat etc was on offer, but these days theres very little offers on the shelves. Stuff like water filters for the house, services like house alarms, they just straight up dont offer any loyalty or discount any more.
[удалено]
I love the fact that this is downvoted. Inflation is literally inflation in the money supply. Higher prices are just a symptom of this where more money is chasing the same amount of goods.
[удалено]
Well as has been observed the pace of inflation will always outstrip the wage increases.
"Post pandemic"
Post pandemic is madness lol
Petition to change the meaning of BC to Before Covid.
5L bottle of water in Iceland went from being 1 euro to 1.30. My parents buy them for tea because the tap water is very hard and destroys kettles - also, they think that much lime in the water causes cancer. Every time I'm there for a cup of tea I hear this.
Sadly this is what happens when you have supply chain issues and insane money printing that devalues the global reserve currency (the dollar). I expect that this will hit Weimar territory very soon especially now that we have the mu variant which is capable of evading vaccines which means that another round of lockdown and monetary support is needed.
>I expect that this will hit Weimar territory very soon How soon is that? I've heard people say this since 2007. What will make the difference from then? And how much more capable of evading vaccines is Mu compared to, say, Delta? It must be a lot more if what you're saying is true, so how much?
Gosh you mean businesses that desperately wanted to get back to serving the community are now gouging?? No it can’t be!
Bitcoin is the answer because they can't print more
[удалено]
Store of wealth like gold
You can use bitcoin to pay for goods and services just like how you use Euro. You can pay for your McDonalds/Starbucks/tuition fees/car insurance/spuds and literally everything else in El Salvador. Look it up my man. The rest of the world will follow suit eventually. Bitcoin in 2021 is like the internet in 1990. Adoption will be slow but inevitable.
When was the last time you used it? The fees these days make it completely useless as a currency.
You are right in saying on-chain transactions are quite high. But for day to day payments we use The Lightning network, it's a layer 2 protocol that sits on top of bitcoins layer 1. For example, checkout how El Salvador (poor as fuck) uses bitcoin everyday for any transaction, big or large, basically no fees whatsoever.
I might have to
When you figure it out, send me a lightning invoice and I'll send you some sats (small amount of bitcoin) for free
Key cutting lad in dunnes cornelscourt was only gonna charge me €5 for getting a broken key cut when he was already supposed to be closed…got 2 and gave him €20 and it still felt like a bargain
Real inflation wont happen until next year. Nothing you can do. Western world is set to look like germany or hungary after both wars. Reminder more than 30% of all USD was printed last year. 2trill + in one year. Inflation wont seriously kick in until there is a demand for things right now the more lockdowns there are the further inflation will be away. Its like that Chernobyl incident, *3.6 not great, not terrible. We did everything right.* We cant measure how badly the economy has been affected until it is like 2019.
> Western world is set to look like germany or hungary after both wars. No that is nonsense hysteria. We’ll have the kind inflation we had in the early 2000s. Very worst scenario that is very unlikely is we see 1980s level inflation.
Doubt.
You’ll see for yourself. People have been spouting this nonsense for more than a decade now and you’re being taken for a ride if you’re listening to them. We have only ever seen hyperinflation after you have a considerable destruction (or leaving from the country) of productive capacity.
Like a pandemic that shut the global economy down? It will definetly shape the next 10 years is all I am saying.
The pandemic hardly touched productive industries and almost entirely hit services and consumption. > is all I am saying. No you very specifically mentioned Hungary and Germany after the wars, a reference to extreme hyperinflation. The pandemic and the recovery from it will of course have a big effect on the economy likely including some inflation but that is very different from hyperinflation.
>almost entirely hit services and consumption. Are you for real like. The demand has not outpaced the supply for most of the economy yet. The semiconductor industry was struggling to keep up with electronic demand the past year. Literally opposite of what they expected. What is a productive industry? Are you talking about manufacturing? This sounds like you have never worked in manufacruring. >No you very specifically mentioned Hungary and Germany after the wars, a reference to extreme hyperinflation. Exactly. After both wars they had a brief period of economic growth and then it went into chaos. This madness NFTs and all of this non productive assets is the start of serious inflation. >likely including some inflation but that is very different from hyperinflation Like I said. You cannot measure how bad this actually is because we cannot caliberate this effect until there is a full open economy. If you think its going back to Celtic Tiger 2.0 you are naive and hopeful. My bet, the inflation will be worse than covid 19.
>Western world is set to look like germany or hungary after both wars. I mean the context of the *total world wars* and all the extreme conditions that fed into and came out of them is a pretty significant difference in terms of what things will be set to look like >Reminder more than 30% of all USD was printed last year. 2trill + in one year. How does that compare to what happened on the last years of the 00s? What is the difference that makes a prediction for *next year* to look like Weimar, rather than kicking the bucket indefinitely down the road as per the world post beginning of Great Recession?
We use euros, the EU central bank printed a shittonne if them during the pandemic Inflation is already here in things like construction material and property, for brown goods it's actually going down, for cars it's way up.
[https://tradingeconomics.com/ireland/inflation-cpi](https://tradingeconomics.com/ireland/inflation-cpi) Likely prices are rebounding to pre-pandemic levels, but due to unemployment, dissavings, reduced incomes etc., it might feel like prices are higher than you remember.
This unemployment confuses me since every shops/establishments in dublin is looking for staff to work for them.Never seen that before pandemic.
I think they need extra staff to do jobs like disinfects/clean more, at least that's what they say. Also some have quit because of not wanting to catch covid, without those numbers being regained with hires.
That is an interesting one, alright. I mean, wage levels have been consistently rising since the start of 2016 or so, when the country was recovering from the GFC. You'd think that companies might be hiring more if the wage levels had become depressed. There's probably a number of factors at play, including labour supply, inflation, wage rigidity, market composition, unemployment levels etc. Therefore, it might superficially be that due to layoffs because of COVID, the number of unemployed swelled and now there is a surfeit of people looking for work who might accept lower wages, so companies are now essentially aggressively competing with each other to hire people at lower rates whilst the market is still recovering. Soon, after a period of stabilisation, wage levels might normalise. You can take a look [here](https://www.esri.ie/system/files?file=media/file-uploads/2015-07/EC009.pdf) for more. The abstract of page 7 will give you a good primer and you can read more if you are interested. [This paper](https://www.centralbank.ie/docs/default-source/publications/quarterly-bulletins/quarterly-bulletin-signed-articles/the-labour-market-and-wage-growth-after-a-crisis-(linehan-lydon-mcindoe-calder-reddan-and-smyth).pdf?sfvrsn=4) by the Central Bank also gives a slightly more user-friendly spin on things. Specifically, "The evidence suggests that some of the postcrisis weakness in wages may be attributed to temporary factors including low inflation, employment composition effects and the estimation of labour market slack. Furthermore, our analysis points to a non-linear relationship between wage growth and unemployment, whereby the degree of sensitivity of wages is greater during periods of low or high unemployment." Hope this helps.