How about 60% inflation over the last two years for groceries?
It’s depressing to look at my online Wal Mart shopping history. Grocery items that cost $96 in July 2021 now cost $157. These are basic items we buy regularly - ground beef, chicken breasts, milk, eggs, bananas, apples, lettuce, tomatoes, chips, peanut butter, mayonnaise, bread, dog food.
That’s not even including product shrinkage - dog food went from 50 lbs to 46 lbs while the price jumped from $19.98 to $27.48.
50 # of dog food for $19.98 ==39.96 cents per pound
46 # of dog food for $27.48 == 59.739 cents a pound
That is a 49.496 % INCREASE
The people making these inflation statements have NOT done their own shopping in decades.