Was at Aldi yesterday, eggs were .68 per dozen, milk is 1.69 gallon. Ground beef was 1.99 per pound. I am only seeing hyperinflation in any building products and real estate.
Where the hell do you live? Those are 1955 prices in central Texas.
What state are you in? What year is it where you’re living? I’m in Florida, and I don’t buy milk but I know it’s at least $3 something a gallon. Eggs the same or more. Ground beef at $1.99 a pound I don’t remember when I saw it that low. It’s over $3.99/#
Was at Aldi yesterday, eggs were .68 per dozen, milk is 1.69 gallon. Ground beef was 1.99 per pound. I am only seeing hyperinflation in any building products and real estate.
But why is the food cheap? Why is the land and building product high?
Keep in mind the inflations of items change. Food can go high and no one wants lumber and real estate. Change can happen very quickly.
Did you ride your bike there?
Inflation trickles down to the consumer level... just like the cash. New money in the economy is put out via banks via lending with most of that going to people making investment loans. The wealthy with money to make leveraged investments get the first shot at it.
Those wealthy investors don’t don’t spend it on eggs and milk, they spend it on stocks, real estate and collectables- assets that stand the best chance of appreciating. As that money works it’s way through the economy other sectors begin to see price increases. Food stuffs will go up later in the process.
In other hyper inflation situations it took a couple years before all that newly printed money caught the entire economy in it’s whirlwind. In the intervening period it can look like the economy is chugging along great as people feel like they have more money.