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> Those aren’t fancy cuts or prime grade beef. Just regular steak... I don’t know how the low income families deal with a 30% increase in their grocery bills

> Those aren’t fancy cuts or prime grade beef. Just regular steak... I don’t know how the low income families deal with a 30% increase in their grocery bills I don't think low income families are buying steak - and price increases in luxury goods can understandably grow faster than in staples like non-steak beef.

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ein0p 2y ago
But _all_ cuts of beef went up by a lot as far as I can tell. So did chicken, fish, and all other sources of protein. It’s not just protein though, everything across the board is on average 25-30% more expensive now than it was 3-4 years ago. A cart of foodstuffs that used to cost $100 give or take is now $130-140. This isn’t some Whole Foods kind of situation, this is a run of the mill Kroger normal people shop at
- Dylan16807 2y ago
  If you're comparing against 3-4 years ago, CPI says inflation was 18-21%. So if it's actually 25-30%, that's a significant level of error but not an enormous one. CPI says that, of those four years, almost all the inflation was in the middle two. So when it says 3.5% since last year, that's not a crazy number, it's more that it's hard to determine/remember which part of the inflation happened in exactly which month. Comparing today to 3-4 years ago is a better option for both accurate numbers and accurate memories.
  - wakawaka28 2y ago
    >So if it's actually 25-30%, that's a significant level of error but not an enormous one. Tell that to people on Social Security... They will come up short because of these "errors".
    - Dylan16807 2y ago
      Ha ha, very funny. But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x"
      - wakawaka28 2y ago
        It's not funny dude, that is a serious problem. I have parents on Social Security and I have to pay for their budgetary shortfall. Social Security in particular is supposed to be adjusted for inflation, which is one of the reasons the numbers are deliberately wrong. >But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x" I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Depending on when you look at it, that is 2-3x what the official numbers say. Prices have not gone up uniformly across categories of course, but most things are significantly more expensive than than the official numbers would predict.
        Dylan16807 2y ago
        > I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. But I do think I misread your comment earlier, or something. Ignore the ha ha. Is there any chance you edited it right away, or did I just utterly fail to read?
        wakawaka28 2y ago
        > Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. I was respinding to the 1.4x vs 3x error thing. I didn't edit the comment (I think). I'm not actually offended by the haha. I just think people may lose touch with the fact that these stats aren't just fun and games, and that some people get seriously screwed by inflation. If you thought houses were expensive before, that's probably just the beginning.
      - 2y ago
- deleted 2y ago
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ein0p 2y ago

But _all_ cuts of beef went up by a lot as far as I can tell. So did chicken, fish, and all other sources of protein. It’s not just protein though, everything across the board is on average 25-30% more expensive now than it was 3-4 years ago. A cart of foodstuffs that used to cost $100 give or take is now $130-140. This isn’t some Whole Foods kind of situation, this is a run of the mill Kroger normal people shop at

Dylan16807 2y ago
If you're comparing against 3-4 years ago, CPI says inflation was 18-21%. So if it's actually 25-30%, that's a significant level of error but not an enormous one. CPI says that, of those four years, almost all the inflation was in the middle two. So when it says 3.5% since last year, that's not a crazy number, it's more that it's hard to determine/remember which part of the inflation happened in exactly which month. Comparing today to 3-4 years ago is a better option for both accurate numbers and accurate memories.
- wakawaka28 2y ago
  >So if it's actually 25-30%, that's a significant level of error but not an enormous one. Tell that to people on Social Security... They will come up short because of these "errors".
  - Dylan16807 2y ago
    Ha ha, very funny. But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x"
    - wakawaka28 2y ago
      It's not funny dude, that is a serious problem. I have parents on Social Security and I have to pay for their budgetary shortfall. Social Security in particular is supposed to be adjusted for inflation, which is one of the reasons the numbers are deliberately wrong. >But seriously, there is a huge difference between "I think this metric is off by 3x or more" and "I think this metric is off by 1.4x" I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Depending on when you look at it, that is 2-3x what the official numbers say. Prices have not gone up uniformly across categories of course, but most things are significantly more expensive than than the official numbers would predict.
      - Dylan16807 2y ago
        > I think annual inflation is actually 10% right now and probably got up to 20% during the pandemic. Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. But I do think I misread your comment earlier, or something. Ignore the ha ha. Is there any chance you edited it right away, or did I just utterly fail to read?
        wakawaka28 2y ago
        > Then you're talking about a completely different situation than ein0p. You shouldn't have replied to me about it. I was respinding to the 1.4x vs 3x error thing. I didn't edit the comment (I think). I'm not actually offended by the haha. I just think people may lose touch with the fact that these stats aren't just fun and games, and that some people get seriously screwed by inflation. If you thought houses were expensive before, that's probably just the beginning.
    - 2y ago
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