Quote:
Originally Posted by Minte
It's already started. In my plastics company we fill a silo every three days of raw polyethylene. That's 40,000 pounds. In the last 6 months it's gone from .76 per pound to 1.01 a pound. There is already another announced 6 cent increase from Exxon for August.
Steel prices have increased almost as much.
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We've been hyper inflating for a 100 years.
If your prices have went up about 25% and gas prices have gone up well over 25%, I don't see how your price increase is part of hyper-inflation, as when the price of gas goes down, your costs will drop as well.
China has been buying up all metals, we buy earth magnets, they skyrocketed in price over night several months back. That wasn't inflation, that's them cornering the marketing which will at first drive the cost up, so it can be stabilized for future development cost projections.