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Inflation? What inflation?
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Re: Inflation? What inflation?
It's from 2008 during high oil prices
Rising Costs Force $1 Store Into $1.25 Store
Owner Says Rising Prices Shinking Profits
POSTED: 5:02 pm EDT April 24, 2008
UPDATED: 6:32 pm EDT April 24, 2008
EAST LYME, Conn. -- Call it a sign of the times -- dollar stores have become the latest victims of a struggling economy.
A dollar store in East Lyme was recently forced to become a $1.25 store.
For seven years, Neil Hoelck, has been able to keep the price of most things at Dollar Express at $1. He said that he has been fighting a losing battle.
"I thought about doing it months ago," he said.
The Dollar Express sells anything from gum to goggles, but prices have been creeping up to the point where there wasn't enough profit.
"Costs are going through the roof, I had to pass it on to the consumer," he said.
While Hoelck said that some things in the store will still be $1 or two for $1, most everything will sell for $1.25.
Customer Michael Karamargin, of Niantic, said that he doesn't mind the price increase.
"I'm surprised it took him so long to do it," he said.
http://www.wfsb.com/money/15982921/detail.html
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Re: Inflation? What inflation?
My 80 year father (Still walks the dog 2-3 miles a day) ripped into me today.
"Mike, you where right ref the recession, but the other things you said would happen:-
Gold going +$2000
Mega Inflation
Mega Oil price
It just didn't happen".
"Father, ..............YET"
"Mike, there is no inflation!"
"Father.........read your Wallmart recepts"
Until its MSM "NEWS"......you get little reaction.
Mike
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Re: Inflation? What inflation?
Originally posted by D-Mack View PostIt's from 2008 during high oil prices
from their website:
Around the same time, another Canadian chain called Dollarama announced 3 new price levels on top of the offerings for $1.00. $1.25, $1.50 and $2.00
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Re: Inflation? What inflation?
Originally posted by babbittd View PostIt's a Canadian chain pictured in Fred's photo - Dollar Giant.
from their website:
Around the same time, another Canadian chain called Dollarama announced 3 new price levels on top of the offerings for $1.00. $1.25, $1.50 and $2.00
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Re: Inflation? What inflation?
Originally posted by Mega View PostMy 80 year father (Still walks the dog 2-3 miles a day) ripped into me today.
"Mike, you where right ref the recession, but the other things you said would happen:-
Gold going +$2000
Mega Inflation
Mega Oil price
It just didn't happen".
"Father, ..............YET"
"Mike, there is no inflation!"
"Father.........read your Wallmart recepts"
Until its MSM "NEWS"......you get little reaction.
Mike
See if he has been able to hedonically deflate it...or maybe he's substituting to help keep the CPI down.
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Re: Inflation? What inflation?
Originally posted by sunskyfan View PostCosts are going up ... not demand. He will be out-of-business in six-months.
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
ya can't have inflation w/o rising wages!
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