The idea of this thread came to me after looking at ONQs thread on Post Recession Prices. While writing a reply to the thread I remembered a radio interview I heard in a taxi in Germany about two years ago. The guy being interviewed had started accumulating non-perishable everyday items in the early 90s. I only heard two items before I left the taxi, but it did make for interesting listening. He had calculated his remaining life span from an actuarial point of view and then started accumulating stuff. The two items I heard him mention were razor blades and kitchen foil, both of which had gone up 70% since he had bought them, and in the case of kitchen foil the same brand was now 15% narrower. He had also kept the till receipts in order to make sure he didn't use something that hadn't gone up in price. Unfortunately I didn't hear the full interview as my taxi journey was over.
So here is a request for ideas of how to prepare for high price inflation, as is expected by Walmart's CEO: http://www.zerohedge.com/article/wal-mart-ceo-america-prepare-serious-inflation
Some things I thought of are listed below, but I'm sure there are more and possibly reasons why some of mine wouldn't be suitable:
1) razor blades
2) kitchen foil
3) cling film
4) light bulbs
5) soap
6) bin bags
7) drain unblocker (I recently bought some that had no use by date)
8) hoover bags (maybe better to switch to a Dyson)
9) batteries (not sure what the shelf life is)
10) high alcohol spirits (I like my whiskey)
11) candles
12) fire lighters
13) matches
14) dental floss
15) tooth brushes
16) socks
17) pencils
Some less practical items:
1) coal (a neighbour of my in-laws took delivery of 40 bags of coal last winter as he has space to store it)
2) oil
3) gas
4) fire wood
5) petrol/diesel
So here is a request for ideas of how to prepare for high price inflation, as is expected by Walmart's CEO: http://www.zerohedge.com/article/wal-mart-ceo-america-prepare-serious-inflation
Some things I thought of are listed below, but I'm sure there are more and possibly reasons why some of mine wouldn't be suitable:
1) razor blades
2) kitchen foil
3) cling film
4) light bulbs
5) soap
6) bin bags
7) drain unblocker (I recently bought some that had no use by date)
8) hoover bags (maybe better to switch to a Dyson)
9) batteries (not sure what the shelf life is)
10) high alcohol spirits (I like my whiskey)
11) candles
12) fire lighters
13) matches
14) dental floss
15) tooth brushes
16) socks
17) pencils
Some less practical items:
1) coal (a neighbour of my in-laws took delivery of 40 bags of coal last winter as he has space to store it)
2) oil
3) gas
4) fire wood
5) petrol/diesel