Row 90961

Row ID: 90961 | Dataset Entry | Axioma AXP Content Repository

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I would argue that manufacturing costs haven't really returned to their norm though...

I work in heavy industrial manufacturing. Just about all of our input costs are still higher than they were pre-covid. Energy is higher, which raised the price of everything else, since everything takes energy to produce. and that hasn't come down yet. every consumable item we use is now more expensive... ppe, gloves, tools, parts, equipment, fasteners, abrasives, welding wire, paint, boxing material, etc... all still cost more, so manufacturing anything still costs more than it did 4 years ago.

As long as energy prices continue to rise, input costs across all industries will also continue to go up. Look at a chart of avg electricity rates over time. [https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/](https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/)

The graph is relatively flat with steady pricing until 2020 and then prices have shot up 25% since.. the price of electricity avg'd 10 cents from 2008 to 2020 and then shot up in 2021 and has been rising since. it's now over 12.5 cents per.

a kilowatt of electricity has avg'd around 10 cents up till 2020 it's now up over 12.5 cents per. fuel and diesel prices are higher now too. until energy prices stabilize, the price of goods won't either. everything takes energy, so as long as energy prices are rising, so will the price of any goods produced.

FieldValue
text I would argue that manufacturing costs haven't really returned to their norm though... I work in heavy industrial manufacturing. Just about all of our input costs are still higher than they were pre-covid. Energy is higher, which raised the price of everything else, since everything takes energy to produce. and that hasn't come down yet. every consumable item we use is now more expensive... ppe, gloves, tools, parts, equipment, fasteners, abrasives, welding wire, paint, boxing material, e…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-25
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Raw Record

{
  "text": "I would argue that manufacturing costs haven't really returned to their norm though...\n\nI work in heavy industrial manufacturing.  Just about all of our input costs are still higher than they were pre-covid.   Energy is higher, which raised the price of everything else, since everything takes energy to produce.   and that hasn't come down yet.  every consumable item we use is now more expensive... ppe, gloves, tools, parts, equipment, fasteners, abrasives, welding wire, paint, boxing material, etc...  all still cost more, so manufacturing anything still costs more than it did 4 years ago. \n\nAs long as energy prices continue to rise, input costs across all industries will also continue to go up.   Look at a chart of avg electricity rates over time. [https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/](https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/)\n\n The graph is relatively flat with steady pricing until 2020 and then prices have shot up 25% since..   the price of electricity avg'd 10 cents from 2008 to 2020 and then shot up in 2021 and has been rising since.  it's now over 12.5 cents per.  \n\na kilowatt of electricity has avg'd around 10 cents up till 2020  it's now up over 12.5 cents per.  fuel and diesel prices are higher now too.  until energy prices stabilize, the price of goods won't either.  everything takes energy, so as long as energy prices are rising, so will the price of any goods produced.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-25",
  "username_encoded": "Z0FBQUFBQm5Lak1yenBSM2pSMHJvSDdlSUhDTGFYaDFoaUt6UDRsZmY5WXRsZWp5Tk9VNktlc1dGVGNhZHVWUEpGZTBVZDJ5dHpoWWVHT0ZNaTFMYXNqQy1CV1ZobEdXYWc9PQ==",
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}
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