3 ms·
Butter actually wasn't $2.50 at any point in the recent past. This is easy to track. https://fred.stlouisfed.org/series/APU0000FS1101 https://fred.stlouisfed.o
by Bud 4y ago
Butter actually wasn't $2.50 at any point in the recent past. This is easy to track.
https://fred.stlouisfed.org/series/APU0000FS1101 https://fred.stlouisfed.org/series/APU0000FS1101
So of the two items you cherry-picked to support an assertion that groceries have more than doubled, one is up...around 30-35%. In fact, there doesn't appear to be a single food item in this list that has doubled in the past year. Eggs are the closest.
https://www.bls.gov/regions/mid-atlantic/data/averageretailfoodandenergyprices_usandwest_table.htm https://www.bls.gov/regions/mid-atlantic/data/averageretailf...
- Supermancho 4y agoWell butter prices have gone up almost 100% - https://www.ams.usda.gov/mnreports/dywabutter_cme.pdf https://www.ams.usda.gov/mnreports/dywabutter_cme.pdf https://www.globaldairytrade.info/en/product-results/butter/ https://www.globaldairytrade.info/en/product-results/butter/ But that's not the whole story. Prices are not primarily set by wholesale costs for many goods. I think cereal has only gone up 30%, although there have been other events that influenced Kellogs pricing (notice how the Poptarts boxes have changed slightly) and then there has been the opportunity to steal away some extra profit - https://www.wxyz.com/news/now-cereal-prices-are-on-the-rise-and-experts-say-inflation-will-stick-around https://www.wxyz.com/news/now-cereal-prices-are-on-the-rise-... (search for "Mills").