9 ms·

Cereal I could buy for $3 and granola bars I could buy for $2 now cost $4.30 and $3.29 respectively. Detergent that was $5 is now $7.50. McDonald's cheeseburger

Cereal I could buy for $3 and granola bars I could buy for $2 now cost $4.30 and $3.29 respectively. Detergent that was $5 is now $7.50. McDonald's cheeseburgers are $2 on their own. That is the largest jump of inflation I've ever experienced in such a short time.

m0llusk 5y ago
That is not a lot of information, though. Processed food has been harder hit than real food and areas that are entirely dependent on trucking because of a lack of ports or rail also have seen much greater impacts.
- mywittyname 5y ago
  Processed food manufactures also have a bunch of tricks up their sleeve to manage price fluctuations, since that is one of the most critical aspects of their success. Tracking price per ounce is a much more accurate measure, since most manufactures want to fix a price-point for a product. However, what even that misses is coupons and sales.
- coding123 5y ago
  I could go to the grocery store later today and catalog about 400 items for you that have jumped 2 or 3 dollars like that. I am telling you it's insane right now.
  - rsj_hn 5y ago
    You don't need to do that because we have a whole team of people whose jobs it is to measure this in a more systematic way - by checking prices all over the country and in a large number of different stores and for many different goods. They report that dood prices have climbed from 260 to 277 over the last year (all items). Within that group, the biggest climbers were meats, poultry, fish, and eggs (+12%). https://www.bls.gov/news.release/cpi.t01.htm https://www.bls.gov/news.release/cpi.t01.htm
    - WarOnPrivacy 5y ago
      Parent is exampling how IRL challenges look. It's fairly miserable to endlessly hear how a problem is 1x big when it's actually 4x big for most folks in your region.
      - edmundsauto 5y ago
        OTOH, the personal experience of individuals will be amplified in their mind due to cognitive distortions. Our brains remember the prices that have gone up, put less emphasis on the prices that haven't. People reporting their experience will have significant distortion due to how our minds work.
        MeinBlutIstBlau 5y ago
        It makes a difference cause you buy food more than you buy say...Cars or Processors.
- podgaj 5y ago
  Poor people, which is a large majority of the United States, can only afford processed food. You neoliberals in your whole foods crap make me nauseous.
  - rsj_hn 5y ago
    Poor people are a large majority? Like, 2/3? 3/4? Median family income is 80K in 2021. The median HH income for 2021 will come out soon, but it will be north of 70K.
    - WarOnPrivacy 5y ago
      > Poor people are a large majority? Like, 2/3? 3/4? Over the last generation, indications are far over half experienced regular struggles. 2019 - nearly 70 percent of Americans have less than $1,000 stashed away https://www.statista.com/chart/20323/americans-lack-savings/ https://www.statista.com/chart/20323/americans-lack-savings/ 2021 - Firehosing cash directly to the public helped some: 25% had no emergency savings, 26% say they have some emergency savings https://www.cnbc.com/2021/07/28/51percent-of-americans-have-less-than-3-months-worth-of-emergency-savings.html https://www.cnbc.com/2021/07/28/51percent-of-americans-have-...
      - rsj_hn 5y ago
        > Over the last generation, indications are far over half experienced regular struggles. Most people experience "regular struggles", by definition. Life is a struggle. But we have a way of defining who is poor and who isn't in terms of income, and it's good to use the same language as everyone else. The "large majority" of the U.S. is not poor. That's just obviously true from the income data I cited. If that data is not enough, look at SCF wealth data here: https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Net_Worth;demographic:nwcat;population:all;units:median https://www.federalreserve.gov/econres/scf/dataviz/scf/table... Median Household networth of 50-75 percentile - what you call "large majority" - is $240K. That's not poor. Median Household networth of 25-49.9 percentile is $58K. Also not not poor. Median (50th percentile) networth is $121K. I really encourage more of a reality-based approach to throwing around phrases like "the large majority of Americans are poor".

m0llusk 5y ago

That is not a lot of information, though. Processed food has been harder hit than real food and areas that are entirely dependent on trucking because of a lack of ports or rail also have seen much greater impacts.

mywittyname 5y ago
Processed food manufactures also have a bunch of tricks up their sleeve to manage price fluctuations, since that is one of the most critical aspects of their success. Tracking price per ounce is a much more accurate measure, since most manufactures want to fix a price-point for a product. However, what even that misses is coupons and sales.
coding123 5y ago
I could go to the grocery store later today and catalog about 400 items for you that have jumped 2 or 3 dollars like that. I am telling you it's insane right now.
- rsj_hn 5y ago
  You don't need to do that because we have a whole team of people whose jobs it is to measure this in a more systematic way - by checking prices all over the country and in a large number of different stores and for many different goods. They report that dood prices have climbed from 260 to 277 over the last year (all items). Within that group, the biggest climbers were meats, poultry, fish, and eggs (+12%). https://www.bls.gov/news.release/cpi.t01.htm https://www.bls.gov/news.release/cpi.t01.htm
  - WarOnPrivacy 5y ago
    Parent is exampling how IRL challenges look. It's fairly miserable to endlessly hear how a problem is 1x big when it's actually 4x big for most folks in your region.
    - edmundsauto 5y ago
      OTOH, the personal experience of individuals will be amplified in their mind due to cognitive distortions. Our brains remember the prices that have gone up, put less emphasis on the prices that haven't. People reporting their experience will have significant distortion due to how our minds work.
      - MeinBlutIstBlau 5y ago
        It makes a difference cause you buy food more than you buy say...Cars or Processors.
podgaj 5y ago
Poor people, which is a large majority of the United States, can only afford processed food. You neoliberals in your whole foods crap make me nauseous.
- rsj_hn 5y ago
  Poor people are a large majority? Like, 2/3? 3/4? Median family income is 80K in 2021. The median HH income for 2021 will come out soon, but it will be north of 70K.
  - WarOnPrivacy 5y ago
    > Poor people are a large majority? Like, 2/3? 3/4? Over the last generation, indications are far over half experienced regular struggles. 2019 - nearly 70 percent of Americans have less than $1,000 stashed away https://www.statista.com/chart/20323/americans-lack-savings/ https://www.statista.com/chart/20323/americans-lack-savings/ 2021 - Firehosing cash directly to the public helped some: 25% had no emergency savings, 26% say they have some emergency savings https://www.cnbc.com/2021/07/28/51percent-of-americans-have-less-than-3-months-worth-of-emergency-savings.html https://www.cnbc.com/2021/07/28/51percent-of-americans-have-...
    - rsj_hn 5y ago
      > Over the last generation, indications are far over half experienced regular struggles. Most people experience "regular struggles", by definition. Life is a struggle. But we have a way of defining who is poor and who isn't in terms of income, and it's good to use the same language as everyone else. The "large majority" of the U.S. is not poor. That's just obviously true from the income data I cited. If that data is not enough, look at SCF wealth data here: https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Net_Worth;demographic:nwcat;population:all;units:median https://www.federalreserve.gov/econres/scf/dataviz/scf/table... Median Household networth of 50-75 percentile - what you call "large majority" - is $240K. That's not poor. Median Household networth of 25-49.9 percentile is $58K. Also not not poor. Median (50th percentile) networth is $121K. I really encourage more of a reality-based approach to throwing around phrases like "the large majority of Americans are poor".