4 ms·
a five pound bag of flour was 9 dollars in the store last week.
by RosanaAnaDana 4y ago
a five pound bag of flour was 9 dollars in the store last week.
- yamtaddle 4y agoYeah, it's not just eggs. My grocery bill has definitely been greatly outpacing the official inflation figures, which are already high. Double or triple that rate, I'd say.
- SV_BubbleTime 4y agoHow could we tell if the published inflation rate was just completely bullshit?
- RosanaAnaDana 4y agoWrite an app for people to submit receipts and open publish the data. Maybe some ocr/ml stuff to help.
- NineStarPoint 4y agoQuestion is how you get people who aren’t seeing large price increases to join such an app. It’s easy to imagine a world where only the people above the mean in inflation search something like that out, giving off a false impression of numbers being cooked by institutions that use more complete methods.
- RosanaAnaDana 4y agoJust have to add a bit of value in some way. For example, if I could just take a picture of my receipt after shopping, and a 'budget' is filled out for me automatically, so I can track my spending, I'd use the hell out of that. Doesn't have to be much if a value add. Just something.
- yamtaddle 4y agoI dunno what else is in the bucket they use to calculate it. Maybe that other stuff is cheap (TVs? Furniture? Other stuff I don't need to buy all the time, I suppose?). I've always felt like grocery costs were going up quite a bit faster than inflation, since I started shopping for my own groceries in the early '00s. Like, they definitely weren't rising at merely 2-3%/yr in the pre-Covid years. It's just super-painful now because the increases are so extreme.
- HDThoreaun 4y agoIt's a transparent process. Go to the BLS website and see if the prices they're reporting don't match with what you're seeing.
- RosanaAnaDana 4y agoI should look it up in my notes, but afai can detect, we're just getting gouged to hell. Fed claims on flour prices: https://fred.stlouisfed.org/series/APU0000701111 https://fred.stlouisfed.org/series/APU0000701111
- HDThoreaun 4y agoUkraine and russia combined to export 35% of the worlds wheat. Now they're importing. Prices were always gonna go up due to the conflict.