| Item Cost | Measure | January | April | Increase |
|---|---|---|---|---|
| Bread | 2# Loaf | $1.69 | $1.99 | 18% |
| Eggs | 1 dozen | $$1.99 | $1.99 | 0% |
| Bacon | 12 ounces | $4.99 | $4.99 | 0% |
| Ground Round | 1 pound pkg | $4.19 | $5.99 | 43% |
| Hot Dogs Oscar Mayer | 10 count | $2.99 | $2.99 | 0% |
| Zesta Saltine Crackers | 1 Box | $1.49 | $2.49 | 67% |
| 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 | $2.99 | $2.50/td> | -16% |
| 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 | $12.99 | 8% |
| Milk 2% | per Gallon | $1.99 | $1.99 | 0% |
| Water | 6 pack | $3.99 | $3.99 | 0% |
| Maxwell House Coffee | 11.5 Oz | $3.99 | $3.99 | 0% |
| 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 | $72.59 | |||
| Percent Increase | 1.9 % |
The various grocery items are those in common usage. Both National and Store brands are represented. Prices are taken from the local grocery store website and are current on the fifteenth of the current month.
The 1.9% increase is inflation and other variables
Maybe the government will fix it by handing out free money.
Welp, it looks like tomato soup, saltine crackers with a side order of Frosted Flakes for me!
I buy most of my food at Aldi.
Aldi has done a good job at holding food prices in check.
Stuff for house repair has shot up.
Meat shot up in price last year, but Aldi has brought its meat prices back into line.
The Lebanese currency has gotten very weak.
Ramadan there is rather lean this year.
I suspect that the injection of liquidity that many are pointing to as a reason for inflation are stuck in 1979.
With a decade of nearly 0% percent inflation for most things and a matching effective interest rate, with the amount of cash floating around on corporate balance sheets, we should have ALREADY seen late 70’s style inflation by 2017.
It has not happened and I don’t believe it will. People that still have millions of other people’s and their own money to invest are still committing BILLIONS to fixed income assets yielding...
2.2% for 30 year BONDS (University of Texas last week)
Dallas ISD just issued $150 Million of competitive paper. True Interest Cost of 67 BASIS POINTS; the 20 year terms are yielding 1.6%.
When the market for TIPS starts leading on Bloomberg, inflation will be reality. Until then, meditate on what happens to this “liquidity” when it flows through the economy once or twice and then ends up on a bloated balance sheet with nothing but financial instruments for all that cash to get turned into. Think about what that would look like. You would see Equity Prices and Bond Prices doing what they have done since 2008 (to the moon) and prices for clothing, entertainment, vehicles, and food (the stuff we all use) increase modestly or not at all over the same span.
The economic models and theory we grew up with never anticipated that in an economy with 340 MILLION participants, would end up with about 800,000 households and corporations controlling 60% of the system wealth. And when those folks are done buying solid gold plumbing fixtures for their 8th mansion, WTH are they trickling down, exactly?
I don’t eat most of the stuff on your list so it’s maybe better to have a personal food inflation list. I know you can get 40 bottles of water at costco for 1.99. Ribeye, a better cut of meat than strip, is going for less than your price at costco as well. 42 oz maxwell house coffee is 7.99 at costco. I don’t think big mac would count as a grocery item. I don’t own costco stock, I hate their mask policy, and I know they are large rat contributors, but I go there to experience capitalism.
People shop for various items where they are cheapest, usually.
What about toilet paper?
I still remember the inflation caused by Jimmy Carter the Incompetent! Our union reps later tried to blame it on Reagan but it was CARTER that caused it.
The other day I ate some Kellogg’s Frosted Flakes for the first time since I was a kid. They weren’t as crunchy as I remembered them, and there was hardly any sugar frosting on them.
No wonder they dropped in price.
Beer and coffee are unchanged. I’m good.
The few items on your list I purchase are bought when on sale. I buy hamburger for 1.99/lb in 10 lb. rolls, Folgers or Maxwell House: 25.6 oz for 5.99, bacon for 2.99, tomato soup: I make my own low carb soup, chicken breast at 1.77/lb at Sprouts, yet, I haven’t seen that low a price there for some time now. On the rare occasion when I buy soda, I wait when there’s a sale at 4 12 packs for 12.00, or less. I’m cheap - I also purchase a lot of generic or store brands.
Ten years ago spaghetti sauce generally was of good quality.
Now it is red stuff in my opinion.
Some of those prices are lower than what I have seen in the stores.
Good luck finding a loaf of bread for 1.99 and same with eggs and milk for 1.99...only the store brand offers this price.
“Campbell’s Pork and Beans Can $0.69”
A small can was 46 cents at my local Wal-Mart recently.
Ping
“Hot Dogs Oscar Mayer 10 count $2.99”
Oscar Meyer Wieners are $2.24 at my local Wal-Mart.
I live in Florida.
All the tomatoes I have bought recently have come from Mexico.
Until this year, my winter tomatoes came from Florida.
I like to buy a box of 18 Spicy Sausage Patties(Swagerty Brand).
A month ago they sold for $5.99. Now they are $7.29.
Food prices have shot up in Knoxville.
Inflation is already here.
IMO, a lame excuse. There are lots of variables in the stock market, yet you can detect a trend by using a moving average of prices.