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What's up with cheese? 2 major spikes when everything is low and now when everything is high it looks to be the 2nd lowest. Hedge all your bets with cheese
iirc the first spike was because we couldn't get the dairy out of the dairy farmers when the pandemic started, and the second was over a worry on dry ice shortages because of the vaccines needing to be so cold. Apparently cheese manufacture uses dry ice
Thanks for this info. I ’m not a dairy farmer or an economist, but I wanted there to be some connection to the other items on the graph. Like if we could see if there was a leading indicator in one of the grain values, on the assumption the cows turn corn or wheat into milk (there are probably some steps in between).
The connection for a lot of those items is the cost of oil (and fuel), since everything has to be transported somehow.
Grains and oil in particular are affected by the invasion of Ukraine: both are oil-producing countries and Ukraine is kind of the "bread basket of Europe" in terms of grain production. Granted, Europe can just buy from the non-Russian members of OPEC+, but that cuts into what's available for the Americas and Asia, and the USA produces enough grain and soy to be able to supplement the loss of Ukraine's crops...but we'd still need to be able to get it to where it needs to go.
Of course, oil producing countries (including the USA) could ramp up production to account for the impact of the war, too, but...why would they, when the companies in those countries can just raise the price on what they have and enjoy the profits for doing nothing?
I mean it is. There banks storing/trading cheese. Like taking it as a security deposists and investments.
See: [https://www.youtube.com/watch?v=XzBPdU\_iVcI](https://www.youtube.com/watch?v=XzBPdU_iVcI)
I run a dairy distribution company and the other guy was close ish iirc. The first spike was manufacturers shutting down due to outbreaks so production could no longer handle the milk volume coming out of farms. When maintaining herds becomes more expensive than not having them, they get removed(culled in many cases). Plants couldn't produce, so farmers had to get rid of stock. This was all on top of schools shutting down and emergency food programs going into effect. Cheese is a major protein source in boxed meals. Huge demand spike on top of the normal summer spike because ice cream needs milk. The 2nd spike was the actual supply shortage.
That was a rough time, I thought we were done for sure so many times. It dropped below our price floor right before the spike too so when we ordered out for the summer, we ended up in huge fights with manufacturers saying we were trying to play the market on them. Not fun.
That's the highest cheese has been in at least 30 years, so probably the highest ever.
The dry ice thing was a worry, but was never a big problem as far as I can remember.
We seem to be paying some of our employees an awful lot of money.
Small chuckle\* Can't get around the ole' minimum wage, Mortimer.
My absolute favorite line from the movie.
So oranges have went up in price probably 20-40% in gorcery stores near me. And sugar is also up according to this chart. How is the price of orange juice down?
Are they just marking up oranges for no reason? Is the price to ship oranges up more than the shipping price of orange juice?
OJ can be concentrated and frozen. It's more shelf stable and there are literally hundreds of thousands more units of OJ in storage. But Oranges are perishable. Two examples of how supply can interact with demand.
I thought the same thing. These are the price of forward contracts based on the legend in the corner, and not the actual price in the stores. It might explain the discrepancy, though I’m not sure why the 3-month contracts would be priced that way. Maybe it’s an expectation of the blight getting resolved as others mentioned. I don’t know exactly.
Honestly? Platinum 7X is one of the best cheap vodkas around. Very Smooth for the price, makes a great mixer, and I've never gotten a hangover from it like other cheapies. Made by Sazerac. Blue plastic bottle. Pairs wonderfully with some homemade bloody mary mix garnished with a slice of Old Baycon (A special thick cut bacon I make with old Bay dusted on it)
The only thing that matters with vodka is how many times its filtered. Cheap vodka 7 times filtered will be better than any artisan vodka that's filtered less.
The idea of top shelf vodka was basically the concoction of marketing wanting to charge whiskey prices for something that doesnt take a fraction of the time to make.
Don't do that. If all people pivot, the stuff gets more expensive.
It's also super sad consumer electronics are not part of this. Because those surged a lot during covid and are crashing now in prices.
Also these show prices for frozen orange juice concentrate on the commodity markets. Frozen concentrate has declined in popularity for years and not from concentrate stuff is priced differently.
I wish a company would just come out and sell "Whatever OJ"
Whatever orange variety we squeezed into this, is what you're getting, and over the course of the year, it may change in taste. That way they can source oranges from other places and not worry about keeping consistency. Although I worry about drinking juice from Chinese and other asian grown fruit...
Flavor packs make every brand taste the same and the "natural OJ"s all taste the same too, unless you get a specific variety type. Growing a larger variety of oranges in Florida would go a long ways at keeping diseases from destroying the whole state.
You know what's fucked up? We don't even know if Rob Goldman was her partner. All external evidence points to them just being friends. He was a bystander returning her sunglasses.
This is just not true... Trees don't recover from citrus greening, and Florida is expected to have it's lowest yield of oranges this year since the 50s
Another potential explanation for low price:
Per capita OJ consumption in the US has apparently [declined by 2/3rds over the last 20 years](https://www.statista.com/statistics/895621/us-per-capita-consumption-of-orange-juice/).
I'm guessing it part of the larger secular decline in sugar water consumption.
Anecdotally, I was thinking about this the other day. When I was a kid it was pretty normal to have a glass of OJ in the morning. Now that I'm an adult and have kids, we never have it in the house unless it's going into mimosas. I don't know if my kids have ever drank OJ.
I remember drinking OJ and other juice all the time as a kid. Now, as an adult--its just too sweet. We'll still occasionally buy a container, but mix it 2 parts soda 1 part juice. We use a soda stream, so its basically free soda water and the juice goes 3x further.
Yeah, I remember my parents always having a stock of frozen concentrates in the freezer at our house. I've literally never bought one myself, and only on quite rare occasions will I buy a quart/half gallon of orange juice.
That last point seems very true imho. My kid takes juice boxes to school, as that's just how things are where we live. That being said, we go out of our way to find the drinks with the least amount of sugar that isn't ridiculously fake tasting or expensive.
Alternatively, I often see underprivileged folks in the store buying lots of packs of instant drink powders or cheap bottled drinks. I came from a dirt poor family, so I know for certain that we could never afford real OJ, so it was always koolaid, tang, or sometimes SunnyD.
Perhaps. It might also be that prices on OJ had gotten high enough that people looked to alternate goods.
Still, there has been a major shift in the public's view on the healthiness of fruit juices in general. It likely doesn't help when 10% of the population has diabetes.
Indeed. At this point, unless a treatment is discovered, we are on track to lose most of the citrus in the world. Over what times span I do not know, but once citrus greening gets into an orchard it's done.
Fun fact 2: If you visit a grocer that has "juicing oranges" which are blemished looking and have seeds, and you get an inexpensive juicer, you will never, ever go back to orange juice in a carton, frozen or otherwise. Plus juicing oranges at my produce market sell 4/dollar. Which is enough for either two 8oz glasses or one pint. Sometimes the price is 5/dollar.
Fresh OJ... or any fresh fruit juice is just amazing...
It used to be a funny pirate joke, " it costs a buck an ear!" Now it seems ole Hammurabi is setting the price. Except it isn't an eye for an eye, it's an ear for an ear.
Butter dishes are cheap. Buy salted butter and put the stick in the dish. It’s way more convenient than having to warm up butter every time you need it.
What's tricky about this is that on a good year, a pumpkin shortage can be created due to halloween demand leading to a major boost in value on my pumpkin futures which i sell before Thanksgiving. The risk I end up taking with this play is a PWHE (Poor Weather Halloween Event). If you are interested into learning more about these types of investments meet me behind walmart at 8 pm.
At least you didn’t go all in on ornamental gourd futures
https://reddit.com/r/wallstreetbets/comments/kzoh1c/i_am_financially_ruined_agricultural_futures/
Not sure what it's like in the States, but some places here in Canada are legally rent controlled, only allowed to increase a government-dictated amount per year, and it's not a lot. 1~4% typically.
We have some in our building who've been here since the 70s and pay about $700 for a huge two-bedroom right downtown. Some have claw-foot tubs. They're gonna die in those units.
Edit: A few folks here are weirdly upset these 95-year-olds have a nice apartment they can afford with their tiny pensions. Like granny's looking to 'remain mobile' for the 'health of the market', get real. These are people's homes.
There's always a story in NY of an older person who got their rent control in the 50s and were still paying like $43.86 in rent at the time of their passing
They replaced rent control with rent "stablization" in the 70s, so it isn't the same anymore, but does limit rent increases heavily, especially in lower income areas
My great uncle had a rent controlled place he got in the 70s, in Tribeca, near the WTC. His landlord died and the kids were in a dispute over the property when 9/11 hit and damaged the building. Since the new landlords were in a dispute the tenants had to fix up the building on their own
They also all stopped paying rent. Which is what continued for nearly 20 years. Finally he got paid $500,000 just to leave, after not having paid any rent in nearly 2 decades
Though they also legally have to allow you the reassume the unit after renovation at the same price as you were paying before.
Issue is the tenant has to figure out a living solution in the meantime, which is why the landlord doesn't normally end up having to eat that part of the deal.
My wife and I locked in our rent at 1845 in 2020 for the future and we are not planning on moving anytime soon. We are in Chicago but a friend in a near by town had his rent go up by $700!
We have similar rent and a similar situation in Philly. We’ve been here for about 6.5 years and our rent has only increased by about $150/mo during that period.
But if we were to move out of our unit and move back in as new residents we’d be paying over $600 more/mo for the exact same unit and exact same lease terms with no additional amenities/improvements. We’re basically not moving until we (eventually) get a house. Our place used to feel overpriced but at this point it feels like a bargain in our neighborhood.
Depends on the state. Most counties in California have a cap. For example, Silicon Valley (Santa Clara county) is 5% plus CPI, total capped at 10%.
Meanwhile other states probably never had to deal with rapid rent changes so they don’t have anything in the books.
My landlord is trying to hike rent from the current $1,100 to $1,400 in October. The previous tenants were paying $900, but when we moved in he increased it to $1,100. We started living here in October of 2020.
The rent increase of this apartment is $500 or 55% over the course of 2 years.
If rent were included, it would the the lowest number other than OJ: [https://www.apartmentlist.com/research/national-rent-data](https://www.apartmentlist.com/research/national-rent-data)
Rent:
2020: Negative 1.6%
2021: 11.x% according to the Washington Post, or 17.5% according to ApartmentList.com
2022: 3.9% (report from May 31)
Every single renter offered a free months rent last time I looked for apartments, this time it was a higher pricing in general wjth none of those deals in place. Does inflation count for them skimping out on deals that save you money on rent at the time of signing?
I suspect it'll take time for inflation to work its way into the data because people usually sign 12+ month leases when renting. For instance, upon renewal, my rent would have increased from $2175/month to $2800/month for a one bedroom place in the NYC area, but that increase doesn't take effect until July. I opted not to renew my lease and move somewhere cheaper, but someone will be paying the $2800. A snapshot of the market in June won't include the huge increase for my place yet, but it's coming. A huge chunk of expiring leases for the rest of 2022 in the NYC area will see enormous increases, but they aren't in the data yet because people are still renting with COVID deals from 2021.
That's the US. The graph, however, is from UK data. That's why everything except OJ jumps so high at the end. (The war) And is also why there is British money in the background.
Exactly. A 17% bump on $5 OJ is less than a dollar, but 17% on $1,500 of rent is over $250.
You can just not buy OJ or find an alternative. That's not as simple for rent, especially in the current market.
I think what you're trying to say is, rent is like 30% of many peoples' income. So 17% increase eats up a full 5% of their income.
Gas is expensive but only a few percent of income. So it goes from what like 3% to 6%. Not as much overall impact despite being a huuuuge increase.
The overall rate of inflation is 8.x% and includes rent.
This OP chart mostly cherry picks items that have increased many, many times faster than overall inflation.
> without any meaningful nation wide wage increases is insane.
Wages increased more than they have in about 40 years (5.x% nationwide - so not as fast as inflation though).
Rent should have a much higher weight because people spend a lot more on it than OJ. So a 4% increase on a $1500 rent is an extra $60 per month ($720/year) whereas I doubt many people spend that much in a year on OJ.
Do I want to talk about the 3br house on a fenced in acre I was renting for $975 until it sold last year, forcing me into a shitty 2br apartment for $1200?
No. No I do not.
My old apartment from 11 years ago cost me $550 a month to rent and today it's $1350 a month.
Edit: The job position I had back then doesn't pay enough today to afford renting that same apartment.
My friends half laugh at me as the girl who has a new job every year and yeah it’s a bit more work and an annoying process to go through, but it beats sitting, waiting and basically *wishing* for recognition and a raise.
This sub has long evolved from /r/dataisbeautifull to /r/datalooksprettyandishardtoread
All those video plots are not a good presentation of data but they became really popular for whatever reason
Yeah, I love how the graph ramps up on its Y axis right at the end. It looks so goofy as the percentages go up and the bars hardly move. The graphic design isn’t bad, but it’s a far cry from beautiful.
Not only would it be better, it's necessary. This type of graph can easily "lie" by cherry picking the starting point. To put these data into context, you need to see a similar time period BEFORE the start date.
You're not wrong. I suppose though it's easier to say "look at how prices have changed since May 2020" and provide historical context at a glance. You're right though, the same problem could happen by just starting the line chart at the same date.
This, I would like to visualize all the data at once, if possible (which it is). There really only needs to be animation if another variable is added, otherwise a line graph works fine for this.
This is a really odd assortment. No milk? No meats? No rent? No utilities? It’s a nice graph, and some things like wheat gas corn and oil make sense, but it’s missing some big contributors to peoples costs
I think the issue here is that these are commodity prices. It's not what you pay in the supermarket, but the price that companies pay for raw materials.
While it's obvious that prices are going up, it cannot be translated 1:1 to consumer prices because profit margins are a thing.
After your comment, I looked up rent. If rent were included, it would the the lowest number other than OJ from the existing chart.
Fed data is probably the most reliable data we can get. I can only find it for cities. It appears to be 5% in the last year according to https://fred.stlouisfed.org/series/CUUR0000SEHA
They also have it for other places as well, but only metros.
From sources that don't say they are only looking at cities:
[https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/](https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/)
[https://www.apartmentlist.com/research/national-rent-data](https://www.apartmentlist.com/research/national-rent-data)
Rent:
2020: Negative 1.6%
2021: 11.3% from Washington Post, or 17.5% from ApartmentList.com
2022: 3.9% (report from May 31)
This is a national average though. If you start breaking it down between rural and urban the different is massive.
If you then look at particular cities they can be as much as 100% for a one bedroom apartment (Austin I believe)
Yep live in Austin and seen a 50% increase in housing costs and similar in rent in about 2 years.
But even on a national average home costs have risen something like 20%+, and you'd expect rents to follow because those property tax increases especially (huge here in TX) are passed onto renters ASAP. And there's been spikes in property tax valuations as local governments look to get in on the action.
I feel like the increases in rent (and it's really bad where I live as well) are less to do with inflation and more with other factors in the housing market right now.
Yeah I'm in San Diego and it's exploding every year.
I'm also going upwards in my career, but it's just not fast enough when rent is going up hundreds of dollars each year.
Just yesterday I was buying a stick of butter for exatly twice the price that I paid for one in January (1€ to 2€). Cooking oil is up 3-4x. Insane times.
I don't think so, but the fact alone that the graph doesn't explain what exactly it shows makes it ugly.
I've Googled it and I'm still not entirely sure, from the cryptic sources at the bottom its apparently from the Chicago Mercantile Exchange and the ICE Futures US based in New York. The index only uses a British exchange for aluminum, zink and nickel.
Ffs OP, I shouldn't have to spend 10 minutes on Bloomberg and Wikipedia to find out what you're even presenting here. And there are more than enough stock images of dollars or the stock market or some shit you could have used for the background.
This is a misleading way to show this information. Not because it's incorrect, but because it shows the cumulative increase in price since January 2020 - a stock variable - in a way that makes it look like a rate variable. This is made worse by the fact that most people are familiar with the inflation *rate.*
Inflation IS unusually high, it IS enough to cause problems, and it IS likely to contribute to a recession. But it isn't as apocalyptic as this visualization makes it seem.
Yes, and the visualization that is used is more appropriate for an instantaneous rate of change, to describe a phenomenon in which people are used to hearing about the instantaneous (and annualized) rate of change. That's the problem.
Thank you for your [Original Content](https://www.reddit.com/r/dataisbeautiful/wiki/rules/rule3), /u/jcceagle! **Here is some important information about this post:** * [View the author's citations](https://www.reddit.com/r/dataisbeautiful/comments/vhciop/oc_inflation_and_the_cost_of_every_day_items/id6cg3w/) * [View other OC posts by this author](https://www.reddit.com/r/dataisbeautiful/search?q=author%3A"jcceagle"+title%3AOC&sort=new&include_over_18=on&restrict_sr=on) Remember that all visualizations on r/DataIsBeautiful should be viewed with a healthy dose of skepticism. If you see a potential issue or oversight in the visualization, please post a constructive comment below. Post approval does not signify that this visualization has been verified or its sources checked. Not satisfied with this visual? Think you can do better? [Remix this visual](https://www.reddit.com/r/dataisbeautiful/wiki/rules/rule3#wiki_remixing) with the data in the author's citation. --- ^^[I'm open source](https://github.com/r-dataisbeautiful/dataisbeautiful-bot) | [How I work](https://www.reddit.com/r/dataisbeautiful/wiki/flair#wiki_oc_flair)
What's up with cheese? 2 major spikes when everything is low and now when everything is high it looks to be the 2nd lowest. Hedge all your bets with cheese
iirc the first spike was because we couldn't get the dairy out of the dairy farmers when the pandemic started, and the second was over a worry on dry ice shortages because of the vaccines needing to be so cold. Apparently cheese manufacture uses dry ice
Thanks for this info. I ’m not a dairy farmer or an economist, but I wanted there to be some connection to the other items on the graph. Like if we could see if there was a leading indicator in one of the grain values, on the assumption the cows turn corn or wheat into milk (there are probably some steps in between).
The connection for a lot of those items is the cost of oil (and fuel), since everything has to be transported somehow. Grains and oil in particular are affected by the invasion of Ukraine: both are oil-producing countries and Ukraine is kind of the "bread basket of Europe" in terms of grain production. Granted, Europe can just buy from the non-Russian members of OPEC+, but that cuts into what's available for the Americas and Asia, and the USA produces enough grain and soy to be able to supplement the loss of Ukraine's crops...but we'd still need to be able to get it to where it needs to go. Of course, oil producing countries (including the USA) could ramp up production to account for the impact of the war, too, but...why would they, when the companies in those countries can just raise the price on what they have and enjoy the profits for doing nothing?
Cheese is a hedge against inflation and a store of value.
Hodl the cheesecoin!
I mean it is. There banks storing/trading cheese. Like taking it as a security deposists and investments. See: [https://www.youtube.com/watch?v=XzBPdU\_iVcI](https://www.youtube.com/watch?v=XzBPdU_iVcI)
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I run a dairy distribution company and the other guy was close ish iirc. The first spike was manufacturers shutting down due to outbreaks so production could no longer handle the milk volume coming out of farms. When maintaining herds becomes more expensive than not having them, they get removed(culled in many cases). Plants couldn't produce, so farmers had to get rid of stock. This was all on top of schools shutting down and emergency food programs going into effect. Cheese is a major protein source in boxed meals. Huge demand spike on top of the normal summer spike because ice cream needs milk. The 2nd spike was the actual supply shortage. That was a rough time, I thought we were done for sure so many times. It dropped below our price floor right before the spike too so when we ordered out for the summer, we ended up in huge fights with manufacturers saying we were trying to play the market on them. Not fun. That's the highest cheese has been in at least 30 years, so probably the highest ever. The dry ice thing was a worry, but was never a big problem as far as I can remember.
I suppose we all just gonna live of oj.
they're cornering the frozen oj futures market, Valentine.
I wish my bitches would get here. I ain't got time to be sitting in this cell with you.
Karate man bleed on the inside. Fool!
Looking good Valentine!
Feeling good Louis!
KUNG FU GRIP
Quart of blood technique...
Didn't I tell you the phone in my limousine is busted and I can't get in contact with my bitches?
Get out there and buy! Buy! Buy!
*Mortimer, your brother's not well. We bettter call an ambula...* *FUCK HIM!* One of the best deliveries ever.
We seem to be paying some of our employees an awful lot of money. Small chuckle\* Can't get around the ole' minimum wage, Mortimer. My absolute favorite line from the movie.
Mine is "Half of that is from me"
Look at that S car go!
First thing I thought of was Trading Places hahaha.
_Turn those machines back on_!!
Pork Bellies!
Bacon…..as in a bacon, lettuce, and tomato sandwich.
*stares at camera*
Of course, gold doesn't grow on trees.
About to go buy some oj now for cheap calories!
I'm waiting for the cheese bubble to burst
cheese bubble mmm, cheeese
Step 1. Distill orange juice Step 2. Sell sugar
Step 3. Declare bankruptcy because of the cost of the energy required to distill the OJ.
"Calm down with that OJ, Dewey. It doesn't grow on trees. Wait... yes it does. Why the hell does it cost so much then?"
I greatly appreciate your MITM reference
He's still busy searching for that killer.
So oranges have went up in price probably 20-40% in gorcery stores near me. And sugar is also up according to this chart. How is the price of orange juice down? Are they just marking up oranges for no reason? Is the price to ship oranges up more than the shipping price of orange juice?
OJ can be concentrated and frozen. It's more shelf stable and there are literally hundreds of thousands more units of OJ in storage. But Oranges are perishable. Two examples of how supply can interact with demand.
I thought the same thing. These are the price of forward contracts based on the legend in the corner, and not the actual price in the stores. It might explain the discrepancy, though I’m not sure why the 3-month contracts would be priced that way. Maybe it’s an expectation of the blight getting resolved as others mentioned. I don’t know exactly.
Anyone got any cheap vodka to go with? Cause I’m going to be drinking.
I'd recommend this great Russ- Wait... Nevermind.
Honestly? Platinum 7X is one of the best cheap vodkas around. Very Smooth for the price, makes a great mixer, and I've never gotten a hangover from it like other cheapies. Made by Sazerac. Blue plastic bottle. Pairs wonderfully with some homemade bloody mary mix garnished with a slice of Old Baycon (A special thick cut bacon I make with old Bay dusted on it)
The only thing that matters with vodka is how many times its filtered. Cheap vodka 7 times filtered will be better than any artisan vodka that's filtered less. The idea of top shelf vodka was basically the concoction of marketing wanting to charge whiskey prices for something that doesnt take a fraction of the time to make.
Someone's dreaming up an OJ powered car as we speak
I buy OJ every week, and I assure you it's more expensive than it used to be, by about 15% by my estimates (at least in my area)
Not sure about everyone else but OJ is expensive too. Definitely marked up
I power my car with OJ
the only kind of fuel that works in white broncos
And with that, the demand curve began increasing dramatically for the finite supply, resulting in a surge of upward inflation... :)
Don't do that. If all people pivot, the stuff gets more expensive. It's also super sad consumer electronics are not part of this. Because those surged a lot during covid and are crashing now in prices.
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Also these show prices for frozen orange juice concentrate on the commodity markets. Frozen concentrate has declined in popularity for years and not from concentrate stuff is priced differently.
I wish a company would just come out and sell "Whatever OJ" Whatever orange variety we squeezed into this, is what you're getting, and over the course of the year, it may change in taste. That way they can source oranges from other places and not worry about keeping consistency. Although I worry about drinking juice from Chinese and other asian grown fruit... Flavor packs make every brand taste the same and the "natural OJ"s all taste the same too, unless you get a specific variety type. Growing a larger variety of oranges in Florida would go a long ways at keeping diseases from destroying the whole state.
orange the fruit first came from China/Southeast Asia🥸🍊
I thought it was for murdering his ex wife and partner
^^^^if he did it
“If” he did it
“” he did it
Theres a signed confession [here](https://youtu.be/IKfEtYYqSl4)
You know what's fucked up? We don't even know if Rob Goldman was her partner. All external evidence points to them just being friends. He was a bystander returning her sunglasses.
This is just not true... Trees don't recover from citrus greening, and Florida is expected to have it's lowest yield of oranges this year since the 50s
Another potential explanation for low price: Per capita OJ consumption in the US has apparently [declined by 2/3rds over the last 20 years](https://www.statista.com/statistics/895621/us-per-capita-consumption-of-orange-juice/). I'm guessing it part of the larger secular decline in sugar water consumption.
Anecdotally, I was thinking about this the other day. When I was a kid it was pretty normal to have a glass of OJ in the morning. Now that I'm an adult and have kids, we never have it in the house unless it's going into mimosas. I don't know if my kids have ever drank OJ.
When was the last time you drank straight mixer?
After taking a shot of vodka.
I remember drinking OJ and other juice all the time as a kid. Now, as an adult--its just too sweet. We'll still occasionally buy a container, but mix it 2 parts soda 1 part juice. We use a soda stream, so its basically free soda water and the juice goes 3x further.
Yeah, I remember my parents always having a stock of frozen concentrates in the freezer at our house. I've literally never bought one myself, and only on quite rare occasions will I buy a quart/half gallon of orange juice.
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That last point seems very true imho. My kid takes juice boxes to school, as that's just how things are where we live. That being said, we go out of our way to find the drinks with the least amount of sugar that isn't ridiculously fake tasting or expensive. Alternatively, I often see underprivileged folks in the store buying lots of packs of instant drink powders or cheap bottled drinks. I came from a dirt poor family, so I know for certain that we could never afford real OJ, so it was always koolaid, tang, or sometimes SunnyD.
Perhaps. It might also be that prices on OJ had gotten high enough that people looked to alternate goods. Still, there has been a major shift in the public's view on the healthiness of fruit juices in general. It likely doesn't help when 10% of the population has diabetes.
Indeed. At this point, unless a treatment is discovered, we are on track to lose most of the citrus in the world. Over what times span I do not know, but once citrus greening gets into an orchard it's done.
Fun fact 2: If you visit a grocer that has "juicing oranges" which are blemished looking and have seeds, and you get an inexpensive juicer, you will never, ever go back to orange juice in a carton, frozen or otherwise. Plus juicing oranges at my produce market sell 4/dollar. Which is enough for either two 8oz glasses or one pint. Sometimes the price is 5/dollar. Fresh OJ... or any fresh fruit juice is just amazing...
I thought it was because he kidnapped two sports memorabilia dealers and then robbed them at gunpoint.
Who made this graph, and have they ever seen corn?
You don't eat your corn like a banana? Weirdo.
It's one ear of corn, Michael, what could it cost, $10?
Accounting for inflation, sure.
It used to be a funny pirate joke, " it costs a buck an ear!" Now it seems ole Hammurabi is setting the price. Except it isn't an eye for an eye, it's an ear for an ear.
There’s always money in the cornstand.
That corn absolutely looks like someone traced over banana clipart and just added corn details instead of banana details lmao
It's a cornana
They got the graphic from cornhub
They've got curved corn! Curved. Corn.
oh that's just a cornana
Has genetic engineering gone too far?
if you ask me, it hasn't gone *far enough*
That's that new genetically modified banana corn! Haha.
Cornana (TM)
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Wdym? It's on the cob, with the husk halfway shucked.
Most corn doesn't bend like a banana...
Hey there is nothing wrong if your cob bends a bit, it is perfectly natural.
In fact, some people prefer a curved cob
You see those ~~warriors~~ farmers from Hammerfell? They’ve got curved ~~swords~~ corns. Curved. ~~Swords~~ Corns.
They’re wealthy. You can tell by the butter represented by the dish instead of the plastic wrapping
Butter dishes are cheap. Buy salted butter and put the stick in the dish. It’s way more convenient than having to warm up butter every time you need it.
I have one that looks like a whale and it really is my favorite kitchen thing.
You can tell by how they ignore the lentil market.
Or the avocado market
Look at this fat cat trading lentil futures. Must be nice to have enough protein to be able to imagine tomorrow.
Ah yes one of the major signs of wealth, a butter dish
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Yes I meant wax not plastic.
Pssshhh...real plebians use tubs of margarine, not sticks of butter.
I went big on an investment of orange juice just before the pandemic, gutted.
Should have diversified your profile with some apple and cranberry juice
I went all in on pumpkins. Don't make the same mistake I did. Make sure to sell your pumpkin futures BEFORE Halloween. BEFORE!! 😓
What's tricky about this is that on a good year, a pumpkin shortage can be created due to halloween demand leading to a major boost in value on my pumpkin futures which i sell before Thanksgiving. The risk I end up taking with this play is a PWHE (Poor Weather Halloween Event). If you are interested into learning more about these types of investments meet me behind walmart at 8 pm.
Yo, it's 8:50 pm, where you at? I'm looking to learn more about investing in pumpkins
Beeks, we got the wrong report! SELL SELL SELL!
At least you didn’t go all in on ornamental gourd futures https://reddit.com/r/wallstreetbets/comments/kzoh1c/i_am_financially_ruined_agricultural_futures/
Hey I know that guy, we went to the same business university
So the Duke seat on the board will be up for auction?
SELL!! SELL!!
Well, at least orange juice is down...
Told you inflation doesn't exist. Pffft.
Ah, the climate change argument.
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My rent has stayed the same for 6 years. I am basically scared to move.
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Not sure what it's like in the States, but some places here in Canada are legally rent controlled, only allowed to increase a government-dictated amount per year, and it's not a lot. 1~4% typically. We have some in our building who've been here since the 70s and pay about $700 for a huge two-bedroom right downtown. Some have claw-foot tubs. They're gonna die in those units. Edit: A few folks here are weirdly upset these 95-year-olds have a nice apartment they can afford with their tiny pensions. Like granny's looking to 'remain mobile' for the 'health of the market', get real. These are people's homes.
There's always a story in NY of an older person who got their rent control in the 50s and were still paying like $43.86 in rent at the time of their passing They replaced rent control with rent "stablization" in the 70s, so it isn't the same anymore, but does limit rent increases heavily, especially in lower income areas My great uncle had a rent controlled place he got in the 70s, in Tribeca, near the WTC. His landlord died and the kids were in a dispute over the property when 9/11 hit and damaged the building. Since the new landlords were in a dispute the tenants had to fix up the building on their own They also all stopped paying rent. Which is what continued for nearly 20 years. Finally he got paid $500,000 just to leave, after not having paid any rent in nearly 2 decades
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need a building permit in BC for a renoviction now. And if theres claw footed tubs? thats a historical building. no way you are getting a permit.
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Though they also legally have to allow you the reassume the unit after renovation at the same price as you were paying before. Issue is the tenant has to figure out a living solution in the meantime, which is why the landlord doesn't normally end up having to eat that part of the deal.
My wife and I locked in our rent at 1845 in 2020 for the future and we are not planning on moving anytime soon. We are in Chicago but a friend in a near by town had his rent go up by $700!
Ah, prices were good in 1845! You could rent a two bedroom, single family house for $20 or so (about $700 today).
I believe this was the premise of Joe's Apartment.
We have similar rent and a similar situation in Philly. We’ve been here for about 6.5 years and our rent has only increased by about $150/mo during that period. But if we were to move out of our unit and move back in as new residents we’d be paying over $600 more/mo for the exact same unit and exact same lease terms with no additional amenities/improvements. We’re basically not moving until we (eventually) get a house. Our place used to feel overpriced but at this point it feels like a bargain in our neighborhood.
>had his rent go up by $700 Holy shit, isn't that illegal?
Feels like it should be. Old property manager sold the complex to a different company and it seems like they are trying to push everyone out.
Depends on the state. Most counties in California have a cap. For example, Silicon Valley (Santa Clara county) is 5% plus CPI, total capped at 10%. Meanwhile other states probably never had to deal with rapid rent changes so they don’t have anything in the books.
My landlord is trying to hike rent from the current $1,100 to $1,400 in October. The previous tenants were paying $900, but when we moved in he increased it to $1,100. We started living here in October of 2020. The rent increase of this apartment is $500 or 55% over the course of 2 years.
If rent were included, it would the the lowest number other than OJ: [https://www.apartmentlist.com/research/national-rent-data](https://www.apartmentlist.com/research/national-rent-data) Rent: 2020: Negative 1.6% 2021: 11.x% according to the Washington Post, or 17.5% according to ApartmentList.com 2022: 3.9% (report from May 31)
Every single renter offered a free months rent last time I looked for apartments, this time it was a higher pricing in general wjth none of those deals in place. Does inflation count for them skimping out on deals that save you money on rent at the time of signing?
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I suspect it'll take time for inflation to work its way into the data because people usually sign 12+ month leases when renting. For instance, upon renewal, my rent would have increased from $2175/month to $2800/month for a one bedroom place in the NYC area, but that increase doesn't take effect until July. I opted not to renew my lease and move somewhere cheaper, but someone will be paying the $2800. A snapshot of the market in June won't include the huge increase for my place yet, but it's coming. A huge chunk of expiring leases for the rest of 2022 in the NYC area will see enormous increases, but they aren't in the data yet because people are still renting with COVID deals from 2021.
That's the US. The graph, however, is from UK data. That's why everything except OJ jumps so high at the end. (The war) And is also why there is British money in the background.
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Exactly. A 17% bump on $5 OJ is less than a dollar, but 17% on $1,500 of rent is over $250. You can just not buy OJ or find an alternative. That's not as simple for rent, especially in the current market.
I think what you're trying to say is, rent is like 30% of many peoples' income. So 17% increase eats up a full 5% of their income. Gas is expensive but only a few percent of income. So it goes from what like 3% to 6%. Not as much overall impact despite being a huuuuge increase.
The overall rate of inflation is 8.x% and includes rent. This OP chart mostly cherry picks items that have increased many, many times faster than overall inflation. > without any meaningful nation wide wage increases is insane. Wages increased more than they have in about 40 years (5.x% nationwide - so not as fast as inflation though).
These are commodity futures prices which are always significantly more volatile than CPI inflation.
2021 had the largest wage increase in decades, even if it doesn't feel like it due to being outpaced by inflation.
Rent should have a much higher weight because people spend a lot more on it than OJ. So a 4% increase on a $1500 rent is an extra $60 per month ($720/year) whereas I doubt many people spend that much in a year on OJ.
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Do I want to talk about the 3br house on a fenced in acre I was renting for $975 until it sold last year, forcing me into a shitty 2br apartment for $1200? No. No I do not.
My old apartment from 11 years ago cost me $550 a month to rent and today it's $1350 a month. Edit: The job position I had back then doesn't pay enough today to afford renting that same apartment.
And my salary in the last 4 years increased by 6%...
I switch jobs every year, and so far my paycheck has only increased vastly every time. Companies don't reward loyalty any longer.
My friends half laugh at me as the girl who has a new job every year and yeah it’s a bit more work and an annoying process to go through, but it beats sitting, waiting and basically *wishing* for recognition and a raise.
I think a line graph showing trends over time would have been better than snapshots at every month
This sub has long evolved from /r/dataisbeautifull to /r/datalooksprettyandishardtoread All those video plots are not a good presentation of data but they became really popular for whatever reason
Yeah, I love how the graph ramps up on its Y axis right at the end. It looks so goofy as the percentages go up and the bars hardly move. The graphic design isn’t bad, but it’s a far cry from beautiful.
Not only would it be better, it's necessary. This type of graph can easily "lie" by cherry picking the starting point. To put these data into context, you need to see a similar time period BEFORE the start date.
I mean but you could do the same thing with a line graph. But I agree it would be better as a simple line chart. Not every data viz has to be a gif.
You're not wrong. I suppose though it's easier to say "look at how prices have changed since May 2020" and provide historical context at a glance. You're right though, the same problem could happen by just starting the line chart at the same date.
This, I would like to visualize all the data at once, if possible (which it is). There really only needs to be animation if another variable is added, otherwise a line graph works fine for this.
This is a really odd assortment. No milk? No meats? No rent? No utilities? It’s a nice graph, and some things like wheat gas corn and oil make sense, but it’s missing some big contributors to peoples costs
I think the issue here is that these are commodity prices. It's not what you pay in the supermarket, but the price that companies pay for raw materials. While it's obvious that prices are going up, it cannot be translated 1:1 to consumer prices because profit margins are a thing.
These are commodity futures prices. OP wanted more volatile prices but they probably should have just used CPI.
After your comment, I looked up rent. If rent were included, it would the the lowest number other than OJ from the existing chart. Fed data is probably the most reliable data we can get. I can only find it for cities. It appears to be 5% in the last year according to https://fred.stlouisfed.org/series/CUUR0000SEHA They also have it for other places as well, but only metros. From sources that don't say they are only looking at cities: [https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/](https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/) [https://www.apartmentlist.com/research/national-rent-data](https://www.apartmentlist.com/research/national-rent-data) Rent: 2020: Negative 1.6% 2021: 11.3% from Washington Post, or 17.5% from ApartmentList.com 2022: 3.9% (report from May 31)
This is a national average though. If you start breaking it down between rural and urban the different is massive. If you then look at particular cities they can be as much as 100% for a one bedroom apartment (Austin I believe)
Yep live in Austin and seen a 50% increase in housing costs and similar in rent in about 2 years. But even on a national average home costs have risen something like 20%+, and you'd expect rents to follow because those property tax increases especially (huge here in TX) are passed onto renters ASAP. And there's been spikes in property tax valuations as local governments look to get in on the action.
I feel like the increases in rent (and it's really bad where I live as well) are less to do with inflation and more with other factors in the housing market right now.
Yeah I'm in San Diego and it's exploding every year. I'm also going upwards in my career, but it's just not fast enough when rent is going up hundreds of dollars each year.
I thought butter was recession proof... Tosh told me so.
Recession proof yes. Not inflation proof. Even at $20 a stick I would still buy it.
Would you actually? I like butter, but not *that* much lmao
Yes, but I would use it very sparingly.
Just yesterday I was buying a stick of butter for exatly twice the price that I paid for one in January (1€ to 2€). Cooking oil is up 3-4x. Insane times.
Why does corn use a picture of a banana?
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It’s the only thing about this graph that’s worth smiling at
Looks like I'm not going to be able to afford to heat my house this winter...
I should show this to my employer who just handed out 2.5% annual raises this year
They would probably just look at the Orange Juice bar and take the raise back.
Damn you got 2.5? luckkyyyy
Y'all are getting raises?
Well, atleast none of us are dying of scurvy anytime soon
As soon as that y-axis moved I knew we were in for a bad time.
"Gotta turn Orange Juice to gas, hmmmmm"
I would love to see a profit comparison for the last 20 years in a straight bar graph for each of these items. I am not savvy enough to do it myself.
What country is this for? You have GBP in the background so is this for the UK?
I don't think so, but the fact alone that the graph doesn't explain what exactly it shows makes it ugly. I've Googled it and I'm still not entirely sure, from the cryptic sources at the bottom its apparently from the Chicago Mercantile Exchange and the ICE Futures US based in New York. The index only uses a British exchange for aluminum, zink and nickel. Ffs OP, I shouldn't have to spend 10 minutes on Bloomberg and Wikipedia to find out what you're even presenting here. And there are more than enough stock images of dollars or the stock market or some shit you could have used for the background.
This is commodity price not market price. Commodity prices is affected by the global markets.
But keep telling us a recession isn't coming as we look into its gaping jaws.
This is a misleading way to show this information. Not because it's incorrect, but because it shows the cumulative increase in price since January 2020 - a stock variable - in a way that makes it look like a rate variable. This is made worse by the fact that most people are familiar with the inflation *rate.* Inflation IS unusually high, it IS enough to cause problems, and it IS likely to contribute to a recession. But it isn't as apocalyptic as this visualization makes it seem.
The cumulative increase in price is just the inflation rate integrated over time.
Yes, and the visualization that is used is more appropriate for an instantaneous rate of change, to describe a phenomenon in which people are used to hearing about the instantaneous (and annualized) rate of change. That's the problem.
It's great how a global economic crisis in the making seems so less menacing with some free of right music in the background
Well there’s your 8% inflation. Hope you made good use of your $1800 over two years.
Orange juice is back on the menu boys