| Item Cost | Measure | January | February | Increase |
|---|---|---|---|---|
| Bread | 2# Loaf | $1.69 | $1.69 | 0% |
| Eggs | 1 dozen | $$1.69 | $1.69 | 0% |
| Bacon | 12 ounces | $4.99 | $4.99 | 0% |
| Ground Round | 1 pound pkg | $4.19 | $4.19 | 0% |
| Oscar Mayer Hot Dogs | 10 count | $2.99 | $2.99 | 0% |
| Saltine Crackers | 1 Box | $1.49 | $1.49 | 0% |
| Cambell’s Tomato Soup | Can | $1.00 | $1.00 | 0% |
| Le Suer Green Peas | Can | $1.89 | $1.89 | 0% |
| Campbell’s Pork and Beans | Can | $0.69 | $0.69 | 0% |
| Kellogg’s Frosted Flakes | 13.5 oz Box | $2.89 | $1.00 | 1% |
| Pic Sweet Frozen Corn | 28 Oz | $3.29 | $3.29 | 1% |
| Holly Farms Chicken Breast | Per Pound | $1.99 | $1.99 | 0% |
| New York Select Strip | per pound | $11.99 | $11.99 | 0% |
| Milk 2% | per Gallon | $1.99 | $1.99 | 0% |
| Water | 6 pack | $3.99 | $3.99 | 0% |
| Maxwell House Coffee | 10.5 Oz | $3.99 | $3.99 | 1% |
| Coca Cola | 12- 12 Oz | $5.99 | $5.99 | 0% |
| Budweiser Beer | 6 pack 12 Oz | $7.29 | $7.29 | 0% |
| McDonalds Big Mac | Each | $4.29 | $4.29 | 0% |
| Basket Total | $72 |
Yes, there will be MASSIVE price inflation, but I blame it on the lockdowns and the subsequent stimuluses.
As the article noted, food is not included in the calculation of core inflation. Energy costs are also not included.
So as food prices rise and your heating bills go up, just say to yourself “At least there is no inflation.” That should make you feel better.
Do you have a comparison Feb ‘20 with Feb ‘21. I know I’m paying more.
For reference, $1 in 1970 would be about $6.55 today.
Milk: $1.32 per gallon
Eggs: 60¢ per dozen
Bread: 70¢
Bacon: .85-.95¢ per pound
After the first two COVID checks arrived, I noticed that almost none of the food items I buy on a regular basis went on sale for several months.
Since I always buy on sale, and in large quantities, food inflation for me means nothing on sale.
The regular shelf price of almost everything I buy did not change - just no sale prices.
Overpriced a lot on water, coke, steak, and corn.
We began this journey when GW Bush first printed stimulus checks. Obama picked up the pace and then Nancy/Trump put it in cruise control.
Still want your $2000 check?
I like it. Thanks Bert
I bought 18 count XL eggs on Sunday at Publix - they were $4.09
Statists love inflation. It reduces the value of savings to essentially zero, making hard working individuals destitute and dependent on government. It automatically raises taxes through “bracket creep.” The economic indicator numbers go up, allowing them to claim that the economy is doing fine, but it isn’t, since the dollars are worth less than before.
But above all, they aren’t bothered by inflation because they protect their salaries and pensions with their generous cost of living raises.
One of the worst things about food price inflation is food package shrinkage.
Some of those shrinked packages are so small they fall through the slats of the shopping carts.
I can remember when coffee, for example, came in standard 1 and 3 pound containers. Now, it is down to 9 oz and 24 oz containers. A TP roll typically had 400 sheets. Now you have to buy the mega-triple roll to get that.
Anyone can cherry pick items to prove anything they want.
When the people buy the same products and the prices continue to increased, that is inflation.
I saw a fatso in front of me and she $2,800 on her ebt card! She was buying a bunch of rib eye steaks.
Everything that moves by truck (that’s almost everything) will cost more to ship due to skyrocketing fuel prices. The stores are not going to eat that extra cost.
Grocery prices rose by 3.5% during 2020, the largest increase since prices rose 4.8% in 2011, said the USDA on Monday. Beef led the parade of pandemic price increases, up by 9.6% for the year, followed by pork, up 6.3%, and poultry, up by 5.6%.
“Only the price of fresh fruits declined (0.8%), while all other food categories increased in price,” said the monthly Food Price Outlook written by USDA economists. Grocery prices are forecast to rise by a modest 1.5% this year. The long-term average is a 2% increase annually; food prices usually track the overall U.S. inflation rate. -----------------------------------------------
And from https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/
The below table shows the percent increase or decrease in food prices on an annual basis by month and calendar year. Since figures below are 12-month periods, look to the December column to find the over change in food prices by calendar year. The last column, "Ave," shows the average rate of increase or decrease in food prices by year.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 1.6 | 1.6 | 1.5 | 1.6 | 1.4 | 1.4 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | 1.1 | 1.4 |
| 2014 | 1.1 | 1.4 | 1.7 | 1.8 | 2.4 | 2.2 | 2.4 | 2.6 | 2.9 | 2.9 | 3.1 | 3.3 | 2.3 |
| 2015 | 3.1 | 2.8 | 2.3 | 1.9 | 1.6 | 1.7 | 1.6 | 1.5 | 1.6 | 1.6 | 1.2 | 0.8 | 1.8 |
| 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 |
Data Source: U.S. Bureau of Labor Statistics: Food and beverages in U.S. city average, all urban consumers, not seasonally adjusted. CPI-All Urban Consumers.
I would advise that if war ever breaks out with China or Iran, pray and head to the market that day with a pick up.
what an idea! Bert, since the oligarchy has now made America a client state of China, expect sudden jumps in prices ofr all sorets of goods, then services. Our national debt is such that we are a borrowing nation and now a client state.Inflation is the usual disease that brings down such nations ... look at South America for clues.
As energy prices go up, the cost of every consumer good, including food will go up as well.
Gasoline prices in my area have gone up more than.50 a gallon since the election... From $1.82 to $2.35
Just the threat of energy costs rising are enough to being the increases.
Personally, I’ve always thought the talk of inflation missed the point, something that is more important is how the value of the dollar is effected by this, and my favorite example is the McDonnalds Quarter Pounder with Cheese.
When it was first released in the 1970s, my local price was $.65. Back then you could get a full meal for just about $1 at McDonnalds. Today, the same (basic) sandwich goes for about $4.79.
The value of a dollar today is going to be far less as the Federal Reserve keeps on printing more dollars.
Mark