The food inflation figures are a joke. Wife sends me to the store with a list at least once a week.
1) Food prices are up 25% to 50% over the past couple of years on a lot of the stuff we buy.
2) Not much is on sale, or the mark down isn’t nearly as much.
e.g., we’re paying $6/pound for store brand 93% fat free ground beef, we used to be able to get it for $3.50/pd (and the $6/pd is good compared to some other stores).
If you take into account the increase in prices, plus the lack of decent markdowns on sale items, it’s a double whammy.
Hamburger is nearly as much per pd as a good steak used to be. 😳