Price hikes inevitable

[BrummyJames]

With inflation being out of control in the US and the UK I cannot help but think price rises are imminent.

I would like to know your thoughts?

[Chris]

Price of spuds is likely to go up!!

[joli160]

In the past we’ve seen that happening even twice per year.

[Mini2]

Before Christmas is my expectation

[telesquire]

They certainly need to looking at the prices of other watch brands.

[beshannon]

Originally Posted by BrummyJames

With inflation being out of control in the US

Really?

How so? Please provide your sources. Then explain why high end luxury jewelry will be affected.

[HL65]

Doubt it.

[brandrea]

Is inflation out of control in the US?

[BrummyJames]

Every major barometer of inflation has soared this year, particularly the consumer price index. The cost of living, as measured by the CPI, has jumped 5.4% in the past year to mark the biggest increase in 13 years. The latest batch of inflation reports are expected to show more of the same. (Market watch)

[brandrea]

Originally Posted by BrummyJames

Every major barometer of inflation has soared this year, particularly the consumer price index. The cost of living, as measured by the CPI, has jumped 5.4% in the past year to mark the biggest increase in 13 years. The latest batch of inflation reports are expected to show more of the same. (Market watch)

I’m not an economist, but the jump could be because the numbers came from a very low base. I think we will have to see where it settles until we call it “out of control”

[padi56]

Originally Posted by BrummyJames

With inflation being out of control in the US and the UK I cannot help but think price rises are imminent.

I would like to know your thoughts?

One thing is for sure sometime in the future prices will go up, when nobody knows only Rolex themselves.

[Luke@TRF]

transitory they say but I think there are bubbles waiting to be busted.

[beshannon]

Originally Posted by brandrea

Is inflation out of control in the US?

No but some love to over react

Consumer prices rose 5.3% in the year ended in August, slightly below the 5.4% increase in June and July, the Bureau of Labor Statistics said Tuesday. Stripping out more volatile items like food and energy, prices rose by 4%, also a smaller increase than in July.
For the month of August alone, consumer prices rose 0.3% adjusted for seasonal swings. It was the second straight month in which the inflation rate fell slightly. Without food and energy, prices rose 0.1% for the month, the smallest increase since February.

https://www.cnn.com/2021/09/14/econo...ust/index.html

[1William]

Typically nothing in the luxury good market gets cheaper.

[beshannon]

Originally Posted by 1William

Typically nothing in the luxury good market gets cheaper.

Correct.

And all of these armchair economists fail to realize that inflation, which the US has been trying to create since 2010 creates wage gains as well.

But scan the forum for those wishing for a price collapse, stock market crash and a worldwide economic slowdown so they wont have to pay more and maybe the watch they want will be available at a discount. All when their house, retirement and savings have just cratered in value.

But they will have their watch

[garyk]

Originally Posted by brandrea

I’m not an economist, but the jump could be because the numbers came from a very low base. I think we will have to see where it settles until we call it “out of control”

Very much like talking about air travel during summer of 2020 then the increase to 2021. Should only have been compared to 2019.

[Benzsiam]

Coming soon!

AP went up three times this year.

VC went up 11% for Overseas model this year.

Other brands went up too.

[m j b]

Originally Posted by BrummyJames

I would like to know your thoughts?

Let us know when you're sure.

[Mini2]

Originally Posted by beshannon

Correct.

And all of these armchair economists fail to realize that inflation, which the US has been trying to create since 2010 creates wage gains as well.

But scan the forum for those wishing for a price collapse, stock market crash and a worldwide economic slowdown so they wont have to pay more and maybe the watch they want will be available at a discount. All when their house, retirement and savings have just cratered in value.

But they will have their watch

HYPERINFLATION
4% expected in the uk this year more like 6/7/8%

[turkeysub93]

There is too much mania surrounding the luxury watch market IMO. Look at all the doofuses on YouTube and TikTok...literal mouth breathers living in their parent's basements.

Sure, I am playing armchair economist here, but I can't help but feel as though we are at a tipping point or approaching a correction in many luxury markets (houses, cars, watches, etc.)...at least in the USA.

[enjoythemusic]

Originally Posted by Mini2

HYPERINFLATION
4% expected in the uk this year more like 6/7/8%

The Federal Reserve Central Bank is devaluating their Debt Dollar currency @ ~8% annually right now. It's bad enough that their normal unstable 2% 'inflation' target is ~50% devaluation every 20 years(!). And that's on a good day!

Now with currencies @ ~8% devaluation annually... work the math folks.

[casadecamporolex]

Now with currencies @ ~8% devaluation annually... work the math folks.[/QUOTE]

I’m an old school guy whose first mentor, 45 years ago, would often say, "Just do the math!".
What that means, is that numbers matter and it’s right in front of you.

If one denies a worldwide inflationary period, "Just do the math!".

[shirtguy]

Prices have not gone up in a while, I think In the last 10 yrs it went up only 2 x unless a new movement was introduced

In 2013 bought a sub c it was priced at 8,500

In 2018 bought a dd40

The notion that rolex raises its prices often are false

[Njkdog]

Agreed 100%! Back in my day you could buy a water bottle for $.75. And also you could buy a used submariner for $4000. The other day I went to Ruckers football game and I got a relatively cheap bottle of water for five dollars, that’s like six times more expensive than it used to be? I’m not saying submariner should be six times more expensive than $4000, but they definitely shouldn’t be $4000 anymore. On the used market. I know you’re talking about New, but the same principle applies.
And the Fed Chairman just announced that I think inflation will be about 2% for the next two years? So it would not make sense for the prices to rise any less than that. I think 5% this year and 3 1/2% next year and 2% the following year?

[WantBlue15202]

I've personally traded all my dollars for bitcoin, Rolex, beanie babies, PS5's, houses, used cars, and anything else that can never go down in value and is currently being propped up by insane demand, low interest rates and shadow banking products like Affirm and Crypto banks/loans/etc.

Personally I hate doomsdayers - tomorrow (figuratively, might be 5 years, progress isn't even) will be better than today. No "meltdown" will stop that. But it's hard to sit here and watch all this behavior and think it's rational.

So many posts on this forum have moved to price speculation - it's not about watches anymore...

[Mini2]

Prices only going one way enjoy the wave haha

[Njkdog]

Originally Posted by turkeysub93

There is too much mania surrounding the luxury watch market IMO. Look at all the doofuses on YouTube and TikTok...literal mouth breathers living in their parent's basements.

Sure, I am playing armchair economist here, but I can't help but feel as though we are at a tipping point or approaching a correction in many luxury markets (houses, cars, watches, etc.)...at least in the USA.

I thought about that a lot, think of all the preteens and teens watching those YouTube and TickTock‘s, they can’t afford Rolex is, but when they can, they’re going to buy up the whole market. Then prices will rise when those proteins become 25-year-old working professionals

[swish77]

Originally Posted by BrummyJames

With inflation being out of control in the US.

Inaccurate. It ain't great, but it ain't "out of control."

If that were the case, buying a Rolex at a good price would be the least of our problems.

[Chester01]

Sure, so everything goes up gradually all the time, that's nothing new. My sub date was $3250 circa 1998 and now what like $9150. That increase has far outpaced inflation and there is no reason to think that wont continue. Sorry for the folks now, the watch is not 3 times better now, but they are paying 3x more.

[macrowatch]

Originally Posted by enjoythemusic

The Federal Reserve Central Bank is devaluating their Debt Dollar currency @ ~8% annually right now. It's bad enough that their normal unstable 2% 'inflation' target is ~50% devaluation every 20 years(!). And that's on a good day!

Now with currencies @ ~8% devaluation annually... work the math folks.

I feel that way every time I order off the dollar menu at McDonald’s. I also remember when it used to the ONE Dollar menu.