All I know is that my grocery bill has gone way up over the past few years. And even for items that have not gone up, the amount in the bag or box is less. You open the bag and 2/3rds of it is empty. My utility bill has gone up about 10% too. I guess if I ate less and drove less and sat around in the dark, my bills would be lower and I wouldn’t be contributing to inflation.
The government also takes into account shrinking package sizes when calculating inflation. So if your 36oz. can of coffee shrinks to 34oz., with the price remaining the same, it counts as price inflation.
“Excluding food and energy, it rose 1.58%”
Of course food and enegy were not included!
You are so correct sir.
From the products I regularly use the inflation is in the range of 10-25%. Exactly as you say...reduced size is inflationary also.
My financial guru poo poos it: that its anecdotal and I’m cherry picking but I am not. I can tick of a list of common everyday items that have risen in price by huge amounts....and if a Republican were in the white house, the press would be screming like a pack of wolves.
bttt
Agreed. Your experience matches our experience. My little wife constantly reports price increases and shock at same; for example: three New York steaks at COSTCO for about $51.00 just a day or so ago.