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Biden Inflation Explosion
- Thread starter GromsDad
- Start date
Food price inflation may be down somewhat TODAY. At least not as crazy as price hikes were prior 2 years.
Just did a major super-market haul yesterday, and it was the most I've paid yet. Some items on "sale" keeping prices near same or slightly less. But many items with "normal" prices are jumped higher yet again. Seems more than a few items always jumps a dollar or so each new month.
Dining out has nearly doubled in the last 3 years. Even crappy fast food combo's have nearly doubled since 2020.
I rarely do them much, but I still can't believe what used to cost $5-6 for a fast food combo meal a few short years ago, is now no less than $10-11. Even more incentive NOT to buy those meals in desperation while on the road.
Remember just a few years ago, when the Carl's Jr high end "$6 burger" (a play on gourmet burger restaurants) was supposed to be a "deal" at maybe $4 at the most?
They had to can that marketing ploy and call them "Thickburger" instead when prices skyrocketed well past the $6 mark the last couple years. Not sure what they want for them now in the last year or 2?
We don't have those around here. Actually a good thing.
Just did a major super-market haul yesterday, and it was the most I've paid yet. Some items on "sale" keeping prices near same or slightly less. But many items with "normal" prices are jumped higher yet again. Seems more than a few items always jumps a dollar or so each new month.
Dining out has nearly doubled in the last 3 years. Even crappy fast food combo's have nearly doubled since 2020.
I rarely do them much, but I still can't believe what used to cost $5-6 for a fast food combo meal a few short years ago, is now no less than $10-11. Even more incentive NOT to buy those meals in desperation while on the road.
Remember just a few years ago, when the Carl's Jr high end "$6 burger" (a play on gourmet burger restaurants) was supposed to be a "deal" at maybe $4 at the most?
They had to can that marketing ploy and call them "Thickburger" instead when prices skyrocketed well past the $6 mark the last couple years. Not sure what they want for them now in the last year or 2?
We don't have those around here. Actually a good thing.
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It’s not down somewhat, it’s down significantly. It’s also 1.5% lower than it was in June 2020.
Why did Trump let this trend start?
Posting this overall inflation chart AGAIN.
What did you say about inflation being "1.5% lower than June 2020"?
Or just "food inflation"? That "1.5% lower than 2020" was the highest food inflation month of Trumps term (4.5%).
Middle of Covid craziness, and months following into Feb 2021 were significantly less (well under 4%).
Food inflation actually dropped more in Biden's first few months riding Trumps coattails of an improving economy.
Food inflation didn't skyrocket until Sept-Oct 2021 (as a result of high oil/gas prices taking hold). Well into Biden's term.
Those extended high food inflation months from late 2021, all thru 2022 and well into 2023, are what people are peeved about and the poor and lower middle class are struggling with.
Damage is done to wallets and bottom lines.
For reference far right column is average food inflation for that year. 2021-2023 combined is almost 20% increase.
More than any 2-3 year stretch in recent history. You have to go back to mid 1970's/80-81 to see those kinds of high food inflation rates.
Welcome to the Oil embargo and Carter years.
Whole generations have no clue what those years were like, seeing food prices skyrocket year after year.
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I have never denied inflation occurred.Posting this overall inflation chart AGAIN.
What did you say about inflation being "1.5% lower than June 2020"?
Or just "food inflation"? That "1.5% lower than 2020" was the highest food inflation month of Trumps term (4.5%).
Middle of Covid craziness, and months following into Feb 2021 were significantly less (well under 4%).
Food inflation actually dropped more in Biden's first few months riding Trumps coattails of an improving economy.
Food inflation didn't skyrocket until Sept-Oct 2021 (as a result of high oil/gas prices taking hold). Well into Biden's term.
View attachment 170626
Those extended high food inflation months from late 2021, all thru 2022 and well into 2023, are what people are peeved about and the poor and lower middle class are struggling with.
Damage is done to wallets and bottom lines.
For reference far right column is average food inflation for that year. 2021-2023 combined is almost 20% increase.
More than any 2-3 year stretch in recent history. You have to go back to mid 1970's/80-81 to see those kinds of high food inflation rates.
View attachment 170627
Welcome to the Oil embargo and Carter years.
Whole generations have no clue what those years were like, seeing food prices skyrocket year after year.
our discussion is current food inflation. It’s not high. Its 1.5% lower than June 2020.
Were you complaining of high current food inflation in June 2020?
Also curious how, again, you are able to see that Covid caused food inflation under Trump but dismiss the worldwide impact of Covid under Biden? Trump had the luxury of not having to deal with the aftermath of the mess created while he was in office.
I can only get 18 months of data exported from my bank
I pack all lunches, cook breakfast and dinners
we eat out once maybe twice weekly
I micromanage my expenses and I can tell you with absolute certainty that those staple items that I purchase have remained the same price for the memorable past; I was paying particular attention to the bacon, eggs, and produce prices given that this conversation about (food) inflation has been top of mind for going on 3 years now
my bill never materially budged
I get out for about 160-190 for major resupplies
noteworthy caveat: I started mooching my neighbor's costco membership for paper goods and meat. I was always going to the butcher shop for that stuff so it was not generally part of my Von's bill to begin with. Costo prices on steelehead and ripeyes in that same period have also been flat.
find a 4 year period in history where there Was no food inflation from start to finish. We’ll wait.
do you think 25% food deflation would be good for the economy? For farmers or food producers?
huh? i will not look for any such thing because i have zero expectation of finding it. a small amount of inflation is generally accepted to be part of a well managed currency.
the thought has never crossed my mind.
because we experienced some unusually high levels of inflation as a result of printing all that covid money while trump was in office
^ - The hurricanes in Madagascar about a decade ago put the hurt on vanilla production.
While it may have spurred on vanilla production in Tahiti, only in the last year or two have vanilla stocks rebounded.
Am still unsure why/how Mexican vanilla production hasn't leapt to the fore.
While it may have spurred on vanilla production in Tahiti, only in the last year or two have vanilla stocks rebounded.
Am still unsure why/how Mexican vanilla production hasn't leapt to the fore.
Mexico is the third largest producer after Madagascar and Indonesia. The majority is grown in Veracruz, after that Puebla then Oaxaca. I don’t know why there isn’t more production, that’s a small area.
México, tercer lugar mundial, en producción de vainilla: Sader
Madagascar es el principal productor con el 43.9%, seguido de Indonesia, con 23.4%. Nuestro país ocupa el 7.8%, informó.
www.jornada.com.mx
Looks liike foodflation has definitely flattened in the last 6 months. YMMV.
Source:
www.bls.gov
Source:
Consumer Price Index Summary - 2024 M03 Results
www.bls.gov
They’re still in “never forget“ mode. 24 months ago is still happening.Looks liike foodflation has definitely flattened in the last 6 months. YMMV.
View attachment 170691
Source:
Consumer Price Index Summary - 2024 M03 Results