IMO those numbers are low. It is worse than that. 350-400 was a big grocery trip for us 5 years ago. It is 600-650 now. I just don’t find that to be accurate at all. I wish it were only 20 percent. Anyone else know what there normal grocery bill is and see any different. I am surprised I don’t see more posts by people stating these cost differences.
Inclined to agree, I know mine have been much more than 20%…..closer to 30-40%.
That’s what I have been hollerin about. It’s not just groceries, it’s everything. I’m so sick of people saying inflation is coming down when prices are still increasing at an annual rate of 3-4% per annum. The dumbasses don’t understand inflation is cumulative and compound, just like compound interest. It’s costing everybody 20-30% more to live since the corpse took over. If inflation went to zero it still is costing 20-30% more to live. Many who don’t understand this are simply stupid. The Bidens are simply liars. The only thing which has come down is the rate of increase.
They would be doing so much better politically if they dared to concede certain things that are obvious:
C'mon man. Joe says in inherited a 9.1% inflation rate. It's all Trump’s fault. Everything is Trump’s fault.
If you look at the graph below in this link, you will see that inflation has almost doubled Biden's first year compared to all 4 years of Trump's. It's more than doubled Trump's 4 years compared to Uncle Joe's to date.
www.usinflationcalculator.com
That graph is a cheap fake graph. It lacks context. Sire inflation has been crippling for most Americans, but that graph doesn’t capture how stylishly diverse our military is becoming. That’s the stuff that matters. Democracy is at stake.If you look at the graph below in this link, you will see that inflation has almost doubled Biden's first year compared to all 4 years of Trump's. It's more than doubled Trump's 4 years compared to Uncle Joe's to date.
But Joe says hold my beer, I've got 8 more months to go.....I can do better, I may can triple it by then.
Don't know too many who's pay has kept pace. On the other hand, this all could just be fake news ..... :>)
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.3% for the 12 months ending May, compared to the previous rate of 3.4%, according to U.S. Labor Department data published on June 12, 2024. The next inflation update is scheduled for release on July 11 at 8:30 a.m. ET, providing information...
That giant sucking sound is the US sucking in Central and South America’s criminals, and radical Muslims who hate us.
Have no issue with immigrants coming in legally/screened. But at some point, there needs to be a limit and absolutely no free shat.
Biden’s kicking the people where it hurts most, in the gut. You can survive with higher gas prices because you can cut down on driving. But have to eat and hungry people will get desperate. I’m afraid he is going to open up a whole new can of worms if this doesn’t stop.
Trump will get more votes, but that doesn't matter, it's the vote counters that matter. Advantage dims.
Man I don’t even know what this is. I don’t see the price of groceries anywhere.wonder why?
wonder why?
These are the same no brains people who would answer by saying “i got a money back” when asked “How much did you pay in taxes last year”
And all of their inflation numbers are extremely low. The $225,000 starter home I could build is now $325,000
www.forbes.com
Thanks for picking that up. I didn't in the time I had for it find a good, clear graphic illustrating the consolidation of grocery stores to overlay.
So, why are transportation services up 10.5% in the past 12 months, electricity up 5.9%, and shelter up 5.4%? And services up 5.2%, vehicle insurance up 20.3%? All lack of competition? The mental gymnastics you guys exercise to avoid talking about M1 and M2 are astounding. Do you really think the diminishment in the level of competition in grocery supply in the last three years drove grocery inflation from less than 2% at the end of Trump’s term to over 10% in 2022/2023? That’s one hell of a consolidation of food providers and price fixing.Article from Forbes that explains @nice marmot graphic. Problem is grocery and food products are dominate conglomerates. There really is no competition.
Why Your Groceries Are Still So Expensive
Inflation may be leveling off but high food prices are here to stay. Companies have raked in huge profits while selling less food. But it doesn't have to be this way.
| 2016 | 0.9 | 0.9 | 0.8 | 1.0 | 0.7 | 0.4 | 0.3 | 0.1 | -0.2 | -0.3 | -0.3 | -0.1 | 0.3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 | -0.1 | 0.1 | 0.5 | 0.6 | 0.9 | 0.9 | 1.1 | 1.1 | 1.2 | 1.3 | 1.4 | 1.6 | 0.9 |
| 2018 | 1.6 | 1.4 | 1.3 | 1.4 | 1.2 | 1.4 | 1.4 | 1.4 | 1.4 | 1.2 | 1.4 | 1.6 | 1.4 |
| 2019 | 1.6 | 2.0 | 2.1 | 1.8 | 2.0 | 1.9 | 1.8 | 1.7 | 1.8 | 2.1 | 2.0 | 1.8 | 1.9 |
| 2020 | 1.8 | 1.8 | 1.9 | 3.5 | 4.0 | 4.5 | 4.1 | 4.1 | 3.9 | 3.9 | 3.7 | 3.9 | 3.4 |
| 2021 | 3.8 | 3.6 | 3.5 | 2.4 | 2.2 | 2.4 | 3.4 | 3.7 | 4.6 | 5.3 | 6.1 | 6.3 | 3.9 |
| 2022 | 7.0 | 7.9 | 8.8 | 9.4 | 10.1 | 10.4 | 10.9 | 11.4 | 11.2 | 10.9 | 10.6 | 10.4 | 9.9 |
| 2023 | 10.1 | 9.5 | 8.5 | 7.7 | 6.7 | 5.7 | 4.9 | 4.3 | 3.7 | 3. |
Now you're changing the topic of the post, if you want to create a post about inflation as a whole then by all means do so but this thread is about groceries...right @Moosefish moose
No, you changed the thread to a discussion of WHY grocery prices soared. I just pointed out why your “lack of competition” argument is FOS.
No I gave you a separate reason for the rise in groceries and you disapprove of the reason and evidence I provided. But the topic is still the rise of groceries 🤣. You guys are hilarious
And the reason you make this argument is not lack of competition but lack of intellect.
Wrong on Carter. Nixon/Ford had WIN buttons (whip inflation now), Nixon had a wage-price freeze for awhile Carter inherited inflation. However none of them caused inflation.
Any numbers that include 2020 are flawed. Most of us were spending a lot less as you couldn't go anywhere.If you look at the graph below in this link, you will see that inflation has almost doubled Biden's first year compared to all 4 years of Trump's. It's more than doubled Trump's 4 years compared to Uncle Joe's to date.
But Joe says hold my beer, I've got 8 more months to go.....I can do better, I may can triple it by then.
Don't know too many who's pay has kept pace. On the other hand, this all could just be fake news ..... :>)
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.3% for the 12 months ending May, compared to the previous rate of 3.4%, according to U.S. Labor Department data published on June 12, 2024. The next inflation update is scheduled for release on July 11 at 8:30 a.m. ET, providing information...
It's a page out of the trump playbook. Blame all bad things on previous administrations and accept no responsibility. We heard that from 2016-2020. Why the double-standard for Biden?
I cannot see what he posted, but in reference to Nixon/Ford I am sure the inflation had started prior to Carter in ‘77.No one mentioned Ford/Nixon, I said Carter......which goes back what, 40 plus years?? But if you have some info on Ford & Nixon I would be happy to look at it.
Compare and contrast this info below, my eyes could deceive me. Didn't see anyone beating 49%,. But Biden has almost a year to go from this chart... and it ain't going down, he has hope.
Let me know if you have issues understanding it:
Source.....could be "fake news", BWTFDIK:
Presidents, Inflation, and Real Wages
How well, or poorly, the economy fares is commonly attributed to the presidential administration in office. Here, the experience with inflation and real wages during past eight presidential administrations are described.perc.tamu.edu
I am 43 and everybody I know obviously remembers Carter as being bad, but this past four years has been the worst economy that my adult friends can’t remember.
Exactly inflation is out performing the stock market. So when Dems try to say look at the stock market growth it actually has shrunk in real dollars.
Yes, I met a younger lawyer at my old friend's deer camp, his son in law, who is an intelligent guy, I think his generation has been brainwashed and they clump together with the party response. You can't really engage them beyond hate Trump, but almost thought I was opening him up to excercize his mind a bit. They don't seem to have the capacity to exercize independent thought. Really weird to me.
Lack of spending in 2020 drove down some prices. However, supply problems drove some up (toilet paper).
Yes, a 1.47% decline in consumer spending in 2020 from 2019. Massive.
