Inflation: More about the lumber price shock…

Yesterday, we pointed out that In June, year-over-year inflation reached a 13-year high.

Today, let’s drill down on my personal inflation benchmark: lumber prices:

Loyal readers might remember that a couple of weeks ago, I whined about sky-rocketed lumber prices.

See Ouch: I just paid $3,700 for $1,200 of lumber …

Since then, lumber prices have “corrected” somewhat … down about 60% from the peak … but still 50% higher than a year ago.

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That doesn’t lessen the pocketbook sting from my completed project, but it gives me some hope for my next lumber-intensive project: re-planking my retirement home’s dock.

For that project, I’ll be buying lots of #2 prime pressure-treated boards measuring 2 in. x 8 in. x 8 ft.

That’s my personal inflation pain point these days.

Not that long ago, I used to pay about $5 per board.

A couple of weeks ago, Home Depot was charging a whopping $17.98.

Last week the price dropped to $12.99 … a 27% price drop.

This week, the price is down to $10.99 … another 15% price-shaving.

That’s still double what I used to pay … but the price is heading in the right direction!

That is, unless Bidenomics strikes again…

And, as many news sources are reporting, that’s not a far-fetched worry:

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Yipes.

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