Inflation

The other day Kevin made a post about the inflated price of reloading ammunition.

Today I was looking at the price of Ammonium Nitrate which is the principle ingredient in Boomerite.

In 2005 I paid $0.14/pound.

In 2007 I paid $0.50/pound.

In 2012 I paid $0.99/pound (see also the pictures of it here).

Today it costs $1.06/pound.

The price of freedom supplies keeps going up.

Update: As requested by Paul Koning I have expressed it in ounces of gold per ton of AN:

  • 2005: 0.655
  • 2007: 1.525
  • 2012: 1.169
  • 2014: 1.669

10 thoughts on “Inflation

  1. What would the cost be if expressed in ounces of gold? A lot of things have constant or somewhat declining prices when measured by real money.
    In fact, Ludwig von Mieses points out that the normal situation for most products is slight gradual deflation — as productivity and manufacturing techniques improve, each unit gets cheaper year by year. Conventional “economics” pushes the notion that deflation is bad and that the goal of central management is to create “the right amount” of inflation. Balderdash. Wild deflation is a different matter — that’s caused by panics which in turn start out as fake-money inflation — but normal real-money inflation is an entirely different thing. If you see people claiming that gold is bad because of deflation, you can tell they are trying to fool you into accepting fake money instead.

  2. The first real price increase is happenstance.
    The second one is coincidence.
    The third real price increase indicates enemy action.

  3. Looks like an issue across fertilizer markets:

    U.S. prices of fertilizer nutrients began to rise steadily in 2002 and increased sharply to historic highs in 2008 due to the combined effects of a number of domestic and global long- and shortrun supply and demand factors. From 2007 to 2008, spring nitrogen prices increased by a third, phosphate prices nearly doubled, and potash prices doubled. The price spike in 2008 reflects low inventories at the beginning of 2008 combined with the inability of the U.S. fertilizer industry to quickly adjust to surging demand or sharp declines in international supply. Declining fertilizer demand, disruption in fall applications, increased fertilizer imports (July to August), and tightening credit markets for fertilizer purchases contributed to the decline of fertilizer prices in late 2008. The prospect for strong fertilizer demand in early 2009, high raw material costs for the manufacture of fertilizers, production cutbacks, and decreasing supplies from fertilizer imports, however, could put upward pressure on U.S. fertilizer prices in spring 2009.

    http://www.ers.usda.gov/publications/ar-agricultural-resources-situation-and-outlook/ar-33.aspx#.VAeeCPldWKQ

    • By design. The leftists have believe for a long time that there are billions too many people on the planet, and they intend to do something about it. “Prices must necessarily sky rocket”. The article quoted above says nothing about the elephant in the living room, that being government interference in production, distribution, and other “regulations” imposed on agriculture, energy, manufacturing, labor and transportation.

      • So the return to low-yield organic farming may be a forced move to do fuel, fertilizer and other such costs…with the attendant price increases.

        • Needs editing, but in a word; yes. The goal of the communist-hippie movement after all is a return to the Dark Ages (in terms of productivity, politics, and especially global population) so it certainly fits.

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