Posted on 05/17/2023 9:55:53 AM PDT by RomanSoldier19
Inflation continued its steady descent in April, standing at 4.9%, and the overall food index remained unchanged for the month. Some food groups finally saw some decreases, according to the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI), released May 10.
Consumer Price Index: Inflation Slows to 4.9% as Food Prices Finally Begin to Fall
Learn: How To Build Your Savings From Scratch
This latest set of data will be welcomed news to consumers, as groceries take out a big chunk of paychecks every month. Indeed, almost half of Americans (48%) said their grocery costs are eating up most of their monthly budget, even before utility bills (38%) and credit card debt (37%), according to a survey conducted by OnePoll and UserTesting and reported by Talker.
(Excerpt) Read more at msn.com ...
Or, often, the packaging stays the same size, but the amount inside the packaging is smaller. You don’t find out until you get home and open the bag/box, unless you read all the fine print and remember what the weight was the last time.
“So-I conclude that 50% of Americans already on their own home and don’t have a mortgage payment.”
or live under bridges for free ...
housing is always the number one living expense, far exceeding the others
here’s one link that shows housing costs are nearly three times what food costs are:
https://www.bankrate.com/banking/savings/average-household-budget/#average-expenses
We pay 530.00 a week for housing. That would add up to a hell of a lot of food. I think any way. I’m not the one who shops.
Warp 9 to Warp 7.
Bojangles here in SC isn’t too far off.
Yup. That’s why gas is up to $4.99 in Phoenix? That “slowing” inflation?
Own our home, so yes, food is the biggest hit to our budget these days. Followed real close by gas. Just spent $80 to fill our truck from 1/4 tank. Under Trump, it was less than half that. We used to eat out 2 to 3 times a week. Now we might eat out once a month. Prices to eat out are outrageous anymore and portions have gotten smaller. And it’s not just people food that has taken a big hit. Picked up 2 bags of dog food the other day....it went up $6 a bag from the last time I bought it. It’s crazy that it now cost me $121 for those 2 bags. It used to be about $85.
What was it like under Obama?
“Don’t believe it’s only 50%. More like 80-90%.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Food costs are up and for a lot of reasons that are unnecessary. I think we can find agreement there.
You think that for 80-90% of US families their food budget is the biggest part of their budget. This is an absurd statement.
We eat like royalty the two of us for $600/month. That is 12% of our monthly budget, way behind RE taxes, transportation, utilities and even insurance. Our biggest budget expense is savings, that is just north of 50% of our income. If 80-90% of US families have as their biggest budget item food that puts me in the top 10-20% for with whom food is not their biggest budget item this is simply untrue we are established middle class.
I suppose rent and health insurance premiums are cheap these days. Nothing like paying 70% of your income just to be alive and not die in the streets.
I amended my post and said it is Secord or third most expensive.
However, using your numbers.
$3,600 a year x a lifetime (75? years) = 270,000. Or,about the average cost of a house.
Not so “absurd”
After house payment, taxes are my largest monthly expenditure.
Happy days indeed. I am going to lose weight using government maffs. I gained ten pounds last month, and only gained 8 pounds this months. I am losing weight. YEEHAW!!!
To be fair my housing costs (mortgage) would be bigger than the food budget, but not by much.
Our family of six:
out of a dollar to spend:
40 cents straight to the mortgage and property taxes
32 cents to grocery
16 cents to car expenses
6 cents to clothing
It all depends on one’s living situation. But yeah I have a hard time seeing grocery being more than the mortgage unless you are like my mother, who has very specific dietary restrictions.
” Consumer Price Index: Inflation Slows to 4.9% as Food Prices Finally Begin to Fall “
I thought inflation calculations didn’t include anything we actually used, like food or gas?
T.I. Kilt Thanks! (Off to the garden to string up the tomatoes!)
T.I. Kilt Thanks! (Off to the garden to string up the tomatoes!)
B.S. flows out of every orifice with the MSM.
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