I am the one who purchases the groceries in my house. I don’t know what they include in their basket of food products, but the price of the groceries we buy has gone up far more than 5%. Milk is up 35% from last year at this time. The bread we used to buy is up 42%, so we are now going to a bakery outlet store and buying their cheap wheat bread for .95 cents a loaf instead of the bread we prefer that is now $4.59 per loaf.
Cheap cuts of beef and pork are also up at least 35% and some cuts even more. Sale prices for Thanksgiving turkey’s so far have been 99 cents per pound this year, last year I paid between 23 and 26 cents per pound for all the turkey’s I bought for the holidays.
Last summer I often picked up fresh corn on sale for 6 ears for $1, this summer the best price I saw for corn was 4 for $1 and it wasn’t very often I could even find it at that price. Other veggies and fruits have also shown similar increases.
Many food products also come in smaller packages now, or at least the number of ounces is mpw less than it was previously. Many pasta’s now come in 12 oz. packages instead of 16 oz., mayonaise jars are now 30 ounces instead of 32 ounces, etc., yet they are charging the same or a higher price for them now. No one can tell me that food prices are up only 5% or less!
Reducing portion sizes is a common way for manufacturers/producers to hide price increases. However, it still shows in inflation calculations.
You’re lying; TV said there was no inflation, and so it must be true.../s
Yes, there have been some items that have gone through the roof. Until some time last year, I could get plain yellow onions for 79 cents a pound. I paid $1.99/lb earlier this week. I can’t use them fast enough for a bulk bag to be cost effective.
I can’t get a can of beans or tuna for less than 50 cents.
Luckily I don’t by the pre-made stuff often. Most of the stores around me have raised those a little more to offset lower prices on some of the basics.
watch your bacon too....some pkgs are only 12 ounce....