Posted on 10/10/2024 5:36:38 PM PDT by yesthatjallen
For more than two years now, higher prices have been pinching consumers’ wallets and testing their patience — but there’s at least one part of their monthly budget that has more breathing room these days.
For the average U.S. worker, it now takes fewer hours of work to afford a week’s worth of groceries than it did five years ago, in August 2019. That’s according to a MarketWatch analysis of wage and inflation data that shows how the price of food relative to wages has fluctuated in recent years.
In other words: Despite substantial post-pandemic increases in food costs, wages have now more than caught up with prices in this crucial spending category. And it’s easier for the average American worker to put food on the table than it was a couple of years ago.
But many consumers may not feel that way.
Absolute prices themselves — the dollar amount you pay for eggs, milk and other items at the store — are still higher than they were before. That’s caused a long-lasting case of sticker shock for consumers.
Food price increases did pick up slightly in September, according to the latest consumer price index report from the Labor Department. The annual inflation rate for food at home was 1.3%, lower than the inflation rate for prices across the economy, which was 2.4%.
SNIP
(Excerpt) Read more at msn.com ...
Why do people believe grocery prices are high? Trump's lies.
$3.00 for a dozen eggs. Everything else is up about the same.
Who ya gonna believe, your lyin’ eyes or the left wing liers?
How do these people live with themselves?
Groceries more affordable now vs 5 years ago? Not in my neighborhood. Either prices have shot up, or you pay the same, but for smaller quantities now.The general assumption of retailers is that the average customer doesn’t notice shrinkage of the product. McDonald’s is banking on it.
What absolute, propaganda-laden, tripe, this article is.
Around 2020, I saw what the wife was paying for groceries. I said, whoa, hold on, we’re not paying that. I took over the grocery shopping. Whoever wrote this article clearly has not been inside a grocery store. Everything is up. Things like meat? Forget it. I used to be able to get country-style ribs for $2 a pound. Lucky to find them anywhere for under $3.50 now. 80% hamburger was $2, maybe $2.50 a pound pre-COVID. Now $5.
I’ve resorted going to the Dented and Expired grocery store. Some real bargains there, just don’t buy too much because it’s, you know, expired, or close to expired. The media running around telling me how good I’ve got it, they’re either ignorant or lying, probably the second one.
Read more: Economy ranks as No. 1 issue for Republican voters, but it’s not in Democrats’ top 5, poll finds
This is because believe Kamala and her ilk’s lies that what we’re seeing isn’t real
Ran into a guy I know (pathological democrat) who believe everything the alphabet media spews. I told him he should look at other sources. “Oh, I do!” but he couldn’t name one.
“And it’s easier for the average American worker to put food on the table than it was a couple of years ago.”
My ass....
Oh brother.....Emporers new food.
they really think people are stupid.
Do these people ever shop in a grocery store? Bread is $4.00 a loaf - A one pound pack of Oscar Meyer Beef Baloney is $8.00.
The size of everything is smaller - 8 pack of Hamburger Buns used to be 16 ounces - now 12 ounces for a higher price.
[Groceries are more affordable now than in 2019. So why are people still so mad about prices?]
WHAT A LIAR
I just paid $17.24 for a block of 120 American slices cheese (Great Value) at Walmart (before tax)
Around 2019 that was about $11.34 before tax.
18 eggs are about $4.30 last I looked at WalMart (a couple o weeks ago)
Back then I bought that for about $1.60 or so (actually found a WalMart overstocked that was selling 18 for $1.36 about 8-9 years ago
Campbell’s Chunky Soup - now $2.24 a can
In 2019 I regularly bought such cans for 99 cents
People are mad because the materials I use to do my work are up 40-50%. So it may take fewer hours of work to pay for the groceries but everything else takes way more hours to pay for. And 2.4% in increase this year is a bold faced lie.
I used to be able to feed 5 people on what I can feed 2 now.
But that isn’t the case for every line item on your monthly budget. Rent and other housing costs, for example, have risen at a faster clip than the average American’s pay can keep up with, economists said. A similar dynamic is at play with insurance — for cars, homes and healthcare.
Hannah’s an idiot.
Sure. Better according to whom? They are NOT “better “
We don’t hate the media enough folks. Whore have more respectable jobs than a dnc media whore.
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