Predicted Inflation and Selling Strategy

[my-cottage-books-and-antiques]

I posted this to another thread, but it was suggested that I start a new thread instead (presumably with the hope that posters will stay focused on the topic, and not derail it by talking politics). So, here goes:

Setting aside the tariff issue itself, I've got a question for those who source within the USA :

IF inflation increases dramatically as predicted by many , do you have any particular plans or strategy to deal with it AS A SELLER?

[toysaver]

Inflation may present an opportunity that opens the resale goods market to a new set of buyers.  Things that may have been 'junk' like used clothing or household goods may increase in value and popularity.  I'm sure there will be plenty of new sellers jumping on eBay's bandwagon but established sellers will have a leg up.   

[broto_64]

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@tobaccocardyahoo wrote:

Been selling online for a lot of years.

This time around, I am trying hard not to cross a line in the amount of clutter in my primary residence. This is why I have a bit under 5k listings. If I needed more money, I would probably cross that line, since I could easily list another 15k items, and with some effort, twice that.

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Therein lies my problem.
I always seem to acquire more than I end up selling.

[cardxcraft]

Yearly average inflation rate is down from previous years, 2022 it was 8%, 2023 it was 4.1% , 2024 2.9% and so far it's 2.4% and dropping, so maybe a little rejoicing would be in order.  The time to worry has passed us by and we're now on the upswing.

My strategy: don't worry as those same experts proclaiming we're headed for a recession told us everything was hunky dory when inflation was 9.1% in June of 2022, a 40 year high.  If you didn't react then, why react now?

[mam98031]

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@cardxcraft wrote:

Yearly average inflation rate is down from previous years, 2022 it was 8%, 2023 it was 4.1% , 2024 2.9% and so far it's 2.4% and dropping, so maybe a little rejoicing would be in order.  The time to worry has passed us by and we're now on the upswing.

My strategy: don't worry as those same experts proclaiming we're headed for a recession told us everything was hunky dory when inflation was 9.1% in June of 2022, a 40 year high.  If you didn't react then, why react now?

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2022 had some pretty unusual circumstances that caused that high inflation NOT related to anything political and certainly not caused by a single person.  2022 was completely about the Pandemic and the disruption of the supply chain.

The 2025 inflation rate you quote was mostly before all this tariff disruption in the world.  So really too soon to tell the impact in the numbers yet.  That will come in the months to come.

[bashort]

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@cardxcraft wrote:

My strategy: don't worry as those same experts proclaiming we're headed for a recession told us everything was hunky dory when inflation was 9.1% in June of 2022, a 40 year high.  If you didn't react then, why react now?

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That is the question, and everyone knows the answer

[my-cottage-books-and-antiques]

@cardxcraft @mam98031 

The topic here is NOT: Do you think inflation will increase?

It is "Do you have a plan to deal with it IF it happens?"

It's not about inflation, it's about your PLAN.

If you have no plan, whether it is because you don't believe inflation will be of any real consequence, or because you just don't like to plan, whatever the reason, the answer is simple: "No, I have no such plan." No need to explain why.

Just trying to keep us all on topic.

[mam98031]

Thank you.  I understand the topic, please don't be condescending.  I commented to a post, which is allowed.  I'm not trying to take the thread off topic.

[my-cottage-books-and-antiques]

@mam98031 "Thank you."

You're welcome.

[mam98031]

Again, not necessary.  

[cardxcraft]

The original post asked what our our path moving forward would be should inflation rate increase.  But, since you posted, I'll respond.

There was a pandemic and supply chain issues,  are the only facts you presented.

If what you state was true, that due to the pandemic, "stuff" from overseas that were experiencing supply chain issues was the sole reason for sky high inflation, than CPI, which is cost of everyday goods, such as gas, beef, milk, chicken, cereal etc, wouldn't have also been sky high, CPI rose a record of 20% under last POTUS admin.  This was due to printing an outrageous amount of money.  In one term, Biden POTUS administration printed more currency than any other POTUS admin in history (adjusted dollars), with exception of Obama (and he served 2 terms).  These are simply facts, no political spin.

[tools*]

I'm expecting inflation for 2025 in the range of 10% and GDP at -5%, thanks to Trump taxes and chaos.

[cardxcraft]

I apologize, and redressed my post.

[my-cottage-books-and-antiques]

@cardxcraft  Thanks, I appreciate it.

[chapeau-noir]

I think it's impossible to predict anything right now - I'd rather not adopt a "wait and see" strategy, though, but look at possible impacts on the markets I'm selling in and extrapolate from that. Fashion and electronics, but especially fashion, is already in an upheaval so I guess I can say I'm rather used to some uncertainty. I just try to make the right picks.

[inhawaii]

My plan: Pray