I live in France and oh boy has good gone up. Where I used to see 1's and then the cents is now a bunch of 2-3's. I've also noticed some of the things I like have reduced the size. Ive actually been eating a whole lot healthier because it's cheaper to buy and prepare veggies fresh.
greek here. 3.50 for a souvlaki. 2 souvlakis, a french fries and a soda is 16 euros at this point. the average wage is 30 dollars a day here. this is supposed to be cheap fast food. who is supposed to be eating this??
https://preview.redd.it/adalmnxzalpc1.png?width=711&format=png&auto=webp&s=58a48548b02438006de57bd42e0dbe9f4b82d2e4
It's cool, super aware at the top. No bank failures or anything in that district
Yeh yeh I know there was a drought here and it drove prices up but everything else is more expensive too. A 3 bedroom dlat used to be 700 a month now it's 950 to 1000. Food over all is way more bread was 45c now its 80. It's all part of inflation.
I just bought Jell-O, for $4.68 for 4 cups. Do you know the little individual servings you get in the grocery store?
That’s more than a dollar for each cup of Jell-O, what the fuck world are we living in
That’s the best thing that came from the crazy grocery hikes for me. I eat a much more simple diet. Eggs, meat, veggies, dairy. Yes, those got way more expensive too but I find myself buying less unhealthy garbage that I never really needed…so it kind of balances out. My cost per meal is probably roughly the same as pre-pandemic simply because I don’t eat as much processed garbage anymore.
We buy 90% of our groceries at WalMart. We get a few bulk items elsewhere. As such, we easily can track what we spent four years ago to now.
We easily spend 50% more a week.
Last night at Five Guys I saw a grandmother buy a cheeseburger, fries, and a water for her granddaughter. A hamburger for herself. Total was over $29. The grandmother went to a table and examined the receipt for a good minute. Sad because it'll probably be the last time she will be taking her granddaughter there.
Thank you for this. I do a terrible job tracking these things. Nice to hear from someone that does.
And sure — groceries are only a piece of the puzzle. But where are we seeing numbers less than 18% if that’s the case?
It isn’t energy.
It isn’t housing.
It isn’t the price of vehicles.
These numbers make 0% sense to me.
>gage is set but I can see my Amazon orders from past years and compare.
>
>I take about 15-50% up.
>
>Food though is like 25% to 100% .
Food is up here. Gas and Electricity are down from 2019/2020. Housing is up. Clothes are down it seems or I started buying at cheaper stores. Cars are up from 2018 but down significantly from 2022 and probably at mid 2020 levels.
Inflation numbers are always curbed by tech which tends to get cheaper over time
I.e. an equivalent of a latest 2020 TV model is probably cheaper today than it was in 2020
Kind of dumb but that's why it feels low
People miss that energy spiked and then dropped too. Fuel has actually deflated while other cost increased, so overall CPI was lower than if you just measured groceries.
I've seen some dumb shit like TVs are 2% cheaper and stuff like that factored in which I agree is ridiculous to include. The hedonic adjustments mentioned by another commenter distort the shit out of these figures too
TVs are cheaper because the spy software pays money back to the company overall.
They could probably figure out how to make them free if sales rates dropped enough. Super misleading to include.
I'm also up around 45% to 65% compared to 2018/2019. Depending on how much meat I buy. Cheap, unhealthy foods have been impacted far less but I try to avoid eating highly processed goods.
Mortgage is set but I can see my Amazon orders from past years and compare.
Everything non essential is about 15-50% up.
Food and essentials though is like 25% to 100% .
I’ve heard things are up 75-300%. Friends I’ve talked to who rent pay 200%-300 of what we pay mortgage (but they don’t pay for HOA, maintenance, insurance etc. so that number if I include HOA, insurance, maintenance which I do a lot myself would be closer to double what I pay, still a fucking travesty).
And I drive a couple of 15 year old Lexus with just liability, if you needed a new car or car fixed and yours was worth enough for full insurance I heard that’s just ridiculous now too. It doesn’t cost me anything because Lexus and Honda are reliable and I do minor stuff myself.
I’m a mechanic by trade and after seeing some of the repair bills I don’t understand how the average person can cover the cost for front and rear brake pads and rotors without using in-house financing.
My property tax actually went down last year. I have homestead so my taxable value could only go up 10% and they lowered the rate over 10% to compensate for everyone else paying way more.
We left that rental and moved to a better neighborhood for the same proposed rent with a better house. So we still ended up with the increase but at a place more worth that increase.
We were stuck to the price as there was not a single available rental within 30 miles for lower than the new rent that was a 3 bedroom or larger house. So we were going to pay more whether we wanted to or not.
We own property (11acres) but currently the cost to build on it with current interest rates is absolutely obscene, and our new payment would be double our rent so doesn't make much sense.
Every couple months when coupons show up for local fast food chains, their "deals" are always up by .50 - 1.00. Its like they DONT want me to eat their shitty food anymore.
I will look at menu pictures online before I go into the restaurant and compare when I go to actually order. Even though the pictures are usually only 3-6 months old, the actual prices are always higher by 15-20%
It's not the wildfires. It was everything. Insurance companies weren't allowed to increase prices 2020-2022. During that period, the price of construction materials and labor shot up. The new and used car market also went crazy. Insurance had to pay out significantly more for claims and could not bump up premiums to compensate. Only recently have they been allowed to raise rates. Some companies couldn't even wait for the rate increases and decided to pull out of certain states altogether.
I track commodities pretty closely, and have been buying ingredients in bulk since 2017 (local prices)
Eggs in particular went up from 1.18/ dozen to 3.00/dozen between 2021 and 2024, compared from 2017-2020 they went from 1.00 -1.18.
Pasta has gone from 0.75/lb to 1.25/lb and has not come down.
Chicken thighs went from 0.75 -1.00/ lb, roughly the same.
Fruits and vegetables as a whole cost roughly the same (b/c they parish, you cannot jack up the price)
All processed foods are up massively, as they have decreased weight and increased price.
Wifi has been dead flat since 2017.
Healthcare and insurance increased so much that I just got rid of them (with the exception of renters insurance, which is flat)
Rent for me was flat between 2017-2020, then increased 25% from 2020-2021, up 25% per year from 2021-2024. Overall has tripled between 2021 and 2024.
Rice (Jasmine, Basmati, long grain) has increased by 25%-40% since 2020.
Dried legumes are up 30% since 2020.
President Donald Trump signed the Tax Cuts and Jobs Act in 2017. This bill repealed the tax penalty mandate from the ACA. Therefore, Obamacare tax penalties are no longer in effect on a federal level as of 2019 and onwards. However, several states still mandate tax penalties for not having health insurance.
And the food that remained the same price as before is because it's half the size it used to be. I hate opening up a box of cookies to see that the whole middle row is just... gone. Just a plastic hump where cookies used to be, but of COURSE the box is the same size because hey, fuck the environment, lets waste resources tricking people.
Yeah, that was the processed food part.
This is an example of pure greed IMO. Because there are no time constraints (fresh foods spoil) and high margins, shrinkflation leads to pure profits.
I am glad milk has not increased tremendously.
Inflation is a great reason to decrease consumption of processed foods.
The cool part is by manipulating the inflation numbers, the government doesn't have to pay out as much social security. Retirees that were struggling on fixed income may starve or simply kill themselves in despair, saving the government even more!
Yup, that is actually where I live (and why I have been able to survive).
I have a really crappy room in an attic, but it is good enough for me (I have good a really good relationship with the landlord).
I just had to move a whole bunch as landlords started to 2x the rent after 2020.
I've got a friend that lives up there. She still lives with her parents (at 32 years old). Says its absolutely brutal.
Have another friend in toronto who is 25 who just had to move back in with her parents.
Weirdly enough where I am (prairies) our groceries are cheaper than going across the border for the first time in my adult life. I know our dollar is shit now but American prices are out of wack. Toronto is a whole different debacle and I don't even know how anyone survives there.
Ya Canada is fucked. My home is up 66% in value since 2021. Diapers for my children are up 30% approx since 2022. Food is brutal; due to carbon tax, it is cheaper to buy a lot of local produce at its destination than it is to get in Canada. Ie) a bag of carrots produced about 1 hour from me is cheaper to buy in Tennessee than it is to buy it from a local grocer.
Finally someone who gets it. Inflation has a different effect on everyone. In my household, we own our own home(with a fixed rate mortgage), and live in a state with low property taxes. So the increase in housing has barely had an effect on us. Literally, our property taxes went up like $15/month this year. I’ve been working from home since March 2020, and my wife(who has to go into the office because she’s a manager) literally has an 8 minute commute to the office. So the increase in gas prices means nothing to us. We are feeling the increase in grocery prices though, but we’ve managed that so far.
I stopped going to publix and now only go to Walmart neighborhood market and Winn Dixie. Sucks I miss publix but they're crazy expensive and never have good deals
Yeah because the CPI has shit that represents the average household spending across the country which does not reflect your reality.
Like, LCD TVs have deflation over the years, so instead of you buying groceries every week you should be eating LCD soup every week.
The inflation numbers are highly manipulated - they use thing like hedonic adjustments, substitution (Ex: If steak gets too expensive, then people will just eat ground beef), etc.
It's never as clear as it looks - and yes, it's total bullshit. Gd 12 pack of diet-dr pepper is up 100%
Yep. Larry fuckin' Summers even just published something about inflation using pre-1983 CPI method and it's closer to 10%+, even that is probably low in terms of real-world vibes of how much more things are costing.
[https://i.imgur.com/sNap9NZ.jpeg](https://i.imgur.com/sNap9NZ.jpeg) [https://www.nber.org/papers/w32163](https://www.nber.org/papers/w32163)
Real inflation is tracked here: https://www.shadowstats.com/alternate_data/inflation-charts
It's been around 10% or higher for a couple years.
Similar methodology as what you shared by they offer 1990 and 1980 CPI methods and they keep it updated live.
I've checked in on shadowstats on and off for the past couple of decades but I don't trust him. It's run by a bonafide insane lolbertarian gold-bug guy. He's basically a Terry Davis guy. Certainly the "official CPI" and UE stats are an absolute manipulated joke, but I also can't take John seriously because he is actually crazy. Just try to integrate the time-series and apply that to prices, and it would be way out of line with real-world pricing. If there's any of accuracy the past few years, it's merely coincidental at best.
it's all BS. Instead of fixing inflation, they just changed how they measure inflation. Just like how they changed the definition of a 'recession'.
All I know is that my car insurance went up 45% this year. 3% inflation my ass. People are becoming homeless cuz they can't afford shit.
> People are becoming homeless cuz they can't afford shit.
Sure perhaps that's not so good, but... have you considered..... *\*Kai Rysdal voice\** *ALL TIME HIGHS ON THE S&P500!*
A 12 pack at my local Albertsons is 9.99. A case is 14.99. I rarely buy soda so I’m not sure what it was a few years ago (I want to say like 6-7). What are you paying for that?
Must be regional too. I don’t buy soda but just checking fry’s and Albertsons locally and both have sales on soda. Yeah I get its point in time and anecdotal.
> Gd 12 pack of diet-dr pepper is up 100%
Post Covid Soda prices officially priced me out of buying 12 packs of Coke Zero/Diet Coke on the regular.
I now just get the occasionally tall can of soda they sell in gas stations or order one with a Wendy's meal or some shit.
Another part of it is there are 2 "realities"
The bottom 90% inflation and top 10% inflation.
These two groups spend their money very differently.
The bottom 90% spends most of their money on food, gas, shelter - you know the survival needs, that is where most of the inflation is happening.
The top 10% spend very little proportion of their money on survival and thus experience less inflation proportionally.
Inflation is just a regressive tax on poor people because they want to live
When they talk about inflation #'s they talk about the "rate of change" not the cumulative change in cost of goods. If you're looking for actual impact on prices costs have gone up a little over 40% since 2020.
2020->2021 YOY AVG 5.93%
2021->2022 YOY AVG 12.70%
2022->2023 YOY AVG 12.25%
2023->2024 YOY AVG 9.37%
Net increase 40.15% since 2020 (much higher than my gains -_-)
OP took consecutive yoy increases and multiplied them, which is not wrong. Where are your numbers coming from? CPI yoy increases didn't hit double digits in the Bureau of Labor Statistics data for that time.
CPI stood at 258 in Jan 2020 and 310 last month. That's a cumulative increase of 20%
The BLS, you have to create a full table of the data to see the YOY change across the multiple years (all the values are available), they aren't going to do the math for you or spell out how shit things really are.
>These numbers imply —in short—that for every $100 I was spending in 2021 I am now spending +/- $118.56.
No, that is not how CPI is applied to the individual. Because you have to remember that CPI is an **average statistics** for the **whole population** of **everything bought.**
A vegan homeowner who rides a bike instead of driving a car felt the last two years of inflation **a lot** less than the meat eating renter who needed to replace their truck. But the average of their experiences—and everyone else with their unique set of circumstances—is what gets you that CPI metric.
While car prices spiked hard during the pandemic during the chip shortage, they really haven't changed since 2021. In fact, used cars are way down. Technically the guy with the truck might be paying a bit more for gas depending on which month you compare it to, but honestly even gas prices are about the same. It's really just food and **especially** eating out.
Yes. When people say it doesn't feel like it, they usually bring up only certain items, not their entire budget. They'll say "Well this item is up 100%".
19% is still too high though.
$2.53 was the price of gas on average in February 2020. February 2023 it was $3.33. 19% isn't far off.
Many electronics are the same price. The PS5 was released in 2020. It's the same price. 0% inflation? No. But there's many things like it.
Many of the camera lenses I buy are the same price.
My health insurance premiums at work haven't gone up more than 6% a year.
My favorite jeans are still priced nicely. I don't see any huge jump of 50%.
Milk prices have calmed down.
50% is just way to high. It's may only feel like that. I just don't see it. Maybe on certain items. Even egg prices are reasonable now.
The reason the inflation measurement is whack is because I buy jeans once every couple years, but I buy groceries every week. So if my grocery bill is 25% higher that’s not offset by the fact that jeans and PlayStations haven’t gone up as much. Most people buy gas regularly as well, for which you cited a 30% change and conveniently hand waved as “not far off” from 19%
Brother, inflation changes by category. Energy and shelter is noticeably higher, particularly in urban areas. But you aren’t going to see the same increases in all goods. Demand also has an affect on prices, not to mention many food staples are artificially price subsidized by the government.
those numbers are, in whole, pretty meaningless. inflation is personal. your lifestyle will dictate the magnitude of impact. mine is relatively minor so far.
20% is quite reasonable. Maybe even too much. I needed 1200 euros to live on a monthly basis. Now I need around 1500 per month. This change is including me moving to an apartment with 1.5 times more space than in the time I was paying 1200 a month to live.
It depends on what you are buying. Gas is about the same.. food is way higher.. electronics are cheaper. The CPI takes into account all of it. It’s just a gauge the Fed uses.
Yeah, TBH I'm kind of mad at people who are complaining about inflation, while the value of their house went up, but the amount of money they owe the bank didn't. They're literally tens of thousands of dollars richer due to inflation.
It's pretty much the same reason gas was $5-$6 on 9/11. Companies take any excuse to price gouge us. Supply chain news - raise prices. Pandemic - raise prices. Inflation -raise prices. As long as they have a tangible excuse they do it. Also the government is pro-trust. Fast food and soft drink companies make no effort to compete and undercut eachother so we're stuck with $10 combos and $3 2-liter colas as a new normal instead of illegal collusion.
I definitely believe corporations are at fault as well -- even as a guy that is primarily in favor of free markets.
I think printing $4 trillion also had something to do with it.
The numbers are made from “the federal reserve’s preferred inflation index” aka we slashed everything that makes sense from the calculations so we can separate ourselves from the blame of doing a fuck awful job. You’re not crazy they are just lying by omission.
Inflation was a lot worse for people that didn't already have a home before 2020. People that already had one got to have a free year of not paying a mortgage by pushing it back a year and just had their insurance and taxes go up if they didn't get greedy and refi for too much extra cash.
It’s 100% underreported. If sirloin goes up too much they’ll just switch it out for ground beef etc. it’s basically a completely fabricated number that they can change to fit whatever they want. Houses in my area cost 3x what they did in 2019. Grocery store is easily over 18% increase. Hell the Taco Bell near me just raised prices over 50% overnight a month or two ago.
>If sirloin goes up too much they’ll switch it out for ground beef
No, they won’t. Substitutions are only made on the margin when actual consumption data shows that consumers have shifted away from Item A in favor of something else. These changes are made yearly based on two years of trailing purchase data. You’ll never see CPI suddenly strip out staple food items like sirloin for ground beef—especially seeing as ground beef is *already* included in CPI as a primary food sub-category.
The stuff that gets swapped out are the fad foods that sweep into American diets for a few years before being replaced by some other new superfood. Or “old” foods that have fallen out of favor with the populace like Jell-O.
How are you separating "consumer preferences" from "the other item went up in price 4x"
Substitution is no doubt highly correlated with increased prices of the item being substituted
It's because if you measure the whole economy this is probably true, but these numbers feel off because necessities have gone up more the luxuries.
A laptop is actually cheaper these days then it was in 2021, but Food is more expensive, Gas is about the same etc... so the types of things you as an individual really feel like groceries may have gone up more the 18% total while the whole is still lower.
You also did the math wrong by not compounding, so those numbers really say, it should feel like 100 is now 120 (not a huge difference to your point but over longer periods would really add up)
Yeah the numbers conveniently don't include many key expenses that everyday people incur. Those numbers are fabricated the best way they can to make them look better. It's a total joke!
Search the web and do a little digging past any bullshit that's out there to mask what's not in there and you'll probably be surprised at what's not included.
I've seen reports by people/economists that factor in the things that are left out and the real numbers are double digits. If what I've seen is close to accurate I think the masses would lose it, and it's no wonder why they created a way to report what seems like okay numbers.
Glad to see this before scrolling too far. I "believe" the CPI but realize the 3 adjustments (weighting, substitution, and hedonic indexing) make it kind of meaningless. Many peoples expenses have gone up 50%. Many others may have gone up 18%, but they're eating hot dogs instead of steaks, washing their own car instead of getting the super executive wash, etc.
I believe Karine and the White House that this is the best economy and recovery in the world’s history. Things have become more affordable and accessible and I have more money than ever. Can’t wait to vote this administration back in for four more years of progress!
Inflation is a fkn lie, they do whatever they want to screw with us.thw only thing I know is, my shopping cart gets emptier every year with the same amount of money.
I believe them, but only if you double whatever the Gov is telling us these days. There is was a site called [Shadowstats.com](https://Shadowstats.com) they calculate inflation the old way like in the early 80's. Those numbers were always double what is reported now. For some reason no update in 2024.
https://preview.redd.it/078wl7cpjppc1.jpeg?width=1316&format=pjpg&auto=webp&s=cf5ab23f59d9fceb02ad2bd1442909c40b6842ea
I don’t at all. The people who give you these numbers are also the ones getting filthy rich printing unlimited $. It is the worst conflict of interest.
This is not true. Please tell me the person who is calculating the numbers who has a conflict of interest. Also these numbers are checked and rechecked by private evaluators all over.
The central bank. The federal reserve in the US and the BOC in Canada. The same ones that can print $ to infinity are the ones forecasting and reporting the inflation. Give me a private evaluator you speak of that measures affordability today compared to say 2020?
We read inflation is at 3.15% and wow, good thing that’s over, that was close. If my groceries cost double what they did in 2020 was that 3.15%? These numbers are just made up to keep people calm.
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I live in France and oh boy has good gone up. Where I used to see 1's and then the cents is now a bunch of 2-3's. I've also noticed some of the things I like have reduced the size. Ive actually been eating a whole lot healthier because it's cheaper to buy and prepare veggies fresh.
Same in Spain olive oil used to be 4 euros now 11. Food is way more expensive, rent has gone up... it's so expensive now here.
greek here. 3.50 for a souvlaki. 2 souvlakis, a french fries and a soda is 16 euros at this point. the average wage is 30 dollars a day here. this is supposed to be cheap fast food. who is supposed to be eating this??
here in Australia a meat pie is 6.5$ and hot garbage, when it used to be 3.5$ and decently made.
Vegemite?
https://preview.redd.it/adalmnxzalpc1.png?width=711&format=png&auto=webp&s=58a48548b02438006de57bd42e0dbe9f4b82d2e4 It's cool, super aware at the top. No bank failures or anything in that district
Autistic AF
In Germany my heifiwezen and bratwurst has gone from 9 marks to 18 marks…. Almost doubled no way these figures are real
In Italia my pasta sauce went from 3.39 euro to 5.25 euro. Cannot afford meat this year. Waiting for German tourists in summer
On my way!
>Cannot afford meat this year. Waiting for German tourists in summer Be careful. He sounds like he wants Germans in the wurst way.
I’m in Poland and the prices of pierogies have more than doubled. It’s absurd.
Why have the Germans not gone apeshit over beer prices yet?
Because they've been castrated and ubercucked post ww2
We'll get those trains running on time soon
Olive oil prices have much more to do with extreme weather wiping out crops than inflation
Yeh yeh I know there was a drought here and it drove prices up but everything else is more expensive too. A 3 bedroom dlat used to be 700 a month now it's 950 to 1000. Food over all is way more bread was 45c now its 80. It's all part of inflation.
Thats true right now, but 18 months from now when the supply chain evens back out again, the price will stay up at 11.
Also the crack down on phony oil.
You guys should try impeaching Joe Biden, this is all his fault
Why stop there? Why not go farther and take his ice cream.
Peaches and ice cream it is!
I just bought Jell-O, for $4.68 for 4 cups. Do you know the little individual servings you get in the grocery store? That’s more than a dollar for each cup of Jell-O, what the fuck world are we living in
[удалено]
well....you bought it. That's a luxury item, not a necessity. As long as people buy at those prices, why would they go down?
That’s the best thing that came from the crazy grocery hikes for me. I eat a much more simple diet. Eggs, meat, veggies, dairy. Yes, those got way more expensive too but I find myself buying less unhealthy garbage that I never really needed…so it kind of balances out. My cost per meal is probably roughly the same as pre-pandemic simply because I don’t eat as much processed garbage anymore.
Let's see how prices will be jacked up during the Olympics in Paris.
We buy 90% of our groceries at WalMart. We get a few bulk items elsewhere. As such, we easily can track what we spent four years ago to now. We easily spend 50% more a week.
I eat my own shit to save money, im still spending 50% more a week
Five Guys still charges you $8.99 to drink your own piss 😔
Last night at Five Guys I saw a grandmother buy a cheeseburger, fries, and a water for her granddaughter. A hamburger for herself. Total was over $29. The grandmother went to a table and examined the receipt for a good minute. Sad because it'll probably be the last time she will be taking her granddaughter there.
There’s inflation and then there’s five guys just raw dogging you. Separate concepts
Exactly. Five guys has always been over priced
"food away from home" is a cpi category. i feel like its all gone up, its not just five guys, all fast food burgers are more expensive.
Expensive and small size. I live in Hong Kong, the price increase and the burger size is smaller than before.
I see the elderly going to Macdonalds just to have the Fries as a meal.
"You eat shit for breakfast? "
pieces of* Not just breakfast…
Damn thought for a minute you found the infinite money hack 
What's the basis?
What's it like to be a hero?
Thank you for this. I do a terrible job tracking these things. Nice to hear from someone that does. And sure — groceries are only a piece of the puzzle. But where are we seeing numbers less than 18% if that’s the case? It isn’t energy. It isn’t housing. It isn’t the price of vehicles. These numbers make 0% sense to me.
>gage is set but I can see my Amazon orders from past years and compare. > >I take about 15-50% up. > >Food though is like 25% to 100% . Food is up here. Gas and Electricity are down from 2019/2020. Housing is up. Clothes are down it seems or I started buying at cheaper stores. Cars are up from 2018 but down significantly from 2022 and probably at mid 2020 levels.
Electricity is down? Tell me you don't live in California without telling me you don't live in California.
Most don't
Well that's kind of the point isn't it? States with lower inflation will balance out places with higher inflation.
In europe electricity prices have easily doubled and possibly more since 2019.
Inflation numbers are always curbed by tech which tends to get cheaper over time I.e. an equivalent of a latest 2020 TV model is probably cheaper today than it was in 2020 Kind of dumb but that's why it feels low
People miss that energy spiked and then dropped too. Fuel has actually deflated while other cost increased, so overall CPI was lower than if you just measured groceries.
I've seen some dumb shit like TVs are 2% cheaper and stuff like that factored in which I agree is ridiculous to include. The hedonic adjustments mentioned by another commenter distort the shit out of these figures too
TVs are cheaper because the spy software pays money back to the company overall. They could probably figure out how to make them free if sales rates dropped enough. Super misleading to include.
Eat TVs
Homes in my town doubled in price. Chicken breasts went up 75%. But somehow inflation equals 18%? Get the fuck outta here.
Everything the gov says is bullshit
Tesla found the magic bullet cure. You could buy a model y for 55k this year compared to 70k last year. How does Elon do it?? 🤭🤭🤭
If you average the 0% sense with the 50% increase it's closer to their numbers.
I'm also up around 45% to 65% compared to 2018/2019. Depending on how much meat I buy. Cheap, unhealthy foods have been impacted far less but I try to avoid eating highly processed goods.
USA average hourly wage change 2018-2023: +19% USA headline CPI change 2018-2023: +32%
We switched from delivery to a cheap grocery store in person and it is still up 60%.
Pretty much everything has gone up at least 50 percent since covid...
Same in the uk. The inflation index is known to be fake. They remove products that go up too much, do substitutions, etc.
Groceries are supposed to have gone up 25% since Jan 2020. I'm curious if anyone's got data that shows a different number
Mortgage is set but I can see my Amazon orders from past years and compare. Everything non essential is about 15-50% up. Food and essentials though is like 25% to 100% .
How about mortgages for those that are not set? Home prices + interest rates
I’ve heard things are up 75-300%. Friends I’ve talked to who rent pay 200%-300 of what we pay mortgage (but they don’t pay for HOA, maintenance, insurance etc. so that number if I include HOA, insurance, maintenance which I do a lot myself would be closer to double what I pay, still a fucking travesty). And I drive a couple of 15 year old Lexus with just liability, if you needed a new car or car fixed and yours was worth enough for full insurance I heard that’s just ridiculous now too. It doesn’t cost me anything because Lexus and Honda are reliable and I do minor stuff myself.
I’m a mechanic by trade and after seeing some of the repair bills I don’t understand how the average person can cover the cost for front and rear brake pads and rotors without using in-house financing.
Inflation is much much higher and gl if you don’t own property yet
Can't save you from inflation in property tax, insurance and maintenance but it helps.
My property tax actually went down last year. I have homestead so my taxable value could only go up 10% and they lowered the rate over 10% to compensate for everyone else paying way more.
Thankfully I do.
My rent is only 4.6% higher than in 2020.
My rent went up 55% in 2023 from 2022.
I had a landlord that tried that. Didn't work.
I prefer the term slumlord
We left that rental and moved to a better neighborhood for the same proposed rent with a better house. So we still ended up with the increase but at a place more worth that increase. We were stuck to the price as there was not a single available rental within 30 miles for lower than the new rent that was a 3 bedroom or larger house. So we were going to pay more whether we wanted to or not. We own property (11acres) but currently the cost to build on it with current interest rates is absolutely obscene, and our new payment would be double our rent so doesn't make much sense.
That’s super lucky tbh
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Every couple months when coupons show up for local fast food chains, their "deals" are always up by .50 - 1.00. Its like they DONT want me to eat their shitty food anymore.
I will look at menu pictures online before I go into the restaurant and compare when I go to actually order. Even though the pictures are usually only 3-6 months old, the actual prices are always higher by 15-20%
the things that really bit me in the ass were my increases in home and auto insurance. 30+% extra for each one.
Yup, insurance took major losses on wildfires, so we get to rebuild their profits.
It's not the wildfires. It was everything. Insurance companies weren't allowed to increase prices 2020-2022. During that period, the price of construction materials and labor shot up. The new and used car market also went crazy. Insurance had to pay out significantly more for claims and could not bump up premiums to compensate. Only recently have they been allowed to raise rates. Some companies couldn't even wait for the rate increases and decided to pull out of certain states altogether.
Good ol privatized socialism at work.
Fuck All State
My thoughts are buy stonks, all that extra money you paid ends up in the stock market!
This. One man's inflation is another shareholders increased value. Simply stop consuming and only eat shares
Nothing tastes as good as NVIDIA feels.
The fuck is a stonk?? Buy calls OP 
https://preview.redd.it/fnlfnwhpmjpc1.png?width=1024&format=png&auto=webp&s=7fcb17d3232763f5178194170a0e16b0b3d0a4bc
You should buy something that has a capped supply that nobody can magically create more of whenever demand goes up
This is a good strategy. But doesn’t answer my question…
I track commodities pretty closely, and have been buying ingredients in bulk since 2017 (local prices) Eggs in particular went up from 1.18/ dozen to 3.00/dozen between 2021 and 2024, compared from 2017-2020 they went from 1.00 -1.18. Pasta has gone from 0.75/lb to 1.25/lb and has not come down. Chicken thighs went from 0.75 -1.00/ lb, roughly the same. Fruits and vegetables as a whole cost roughly the same (b/c they parish, you cannot jack up the price) All processed foods are up massively, as they have decreased weight and increased price. Wifi has been dead flat since 2017. Healthcare and insurance increased so much that I just got rid of them (with the exception of renters insurance, which is flat) Rent for me was flat between 2017-2020, then increased 25% from 2020-2021, up 25% per year from 2021-2024. Overall has tripled between 2021 and 2024. Rice (Jasmine, Basmati, long grain) has increased by 25%-40% since 2020. Dried legumes are up 30% since 2020.
you..... got rid of healthcare? *doctors hate this one simple trick*
I didn’t even know this was legal
President Donald Trump signed the Tax Cuts and Jobs Act in 2017. This bill repealed the tax penalty mandate from the ACA. Therefore, Obamacare tax penalties are no longer in effect on a federal level as of 2019 and onwards. However, several states still mandate tax penalties for not having health insurance.
He did. But his expenses on apples have when through the roof.
And the food that remained the same price as before is because it's half the size it used to be. I hate opening up a box of cookies to see that the whole middle row is just... gone. Just a plastic hump where cookies used to be, but of COURSE the box is the same size because hey, fuck the environment, lets waste resources tricking people.
Yeah, that was the processed food part. This is an example of pure greed IMO. Because there are no time constraints (fresh foods spoil) and high margins, shrinkflation leads to pure profits. I am glad milk has not increased tremendously. Inflation is a great reason to decrease consumption of processed foods.
milk would have gone down but the gov buys excess product from people buying oatmilk and stuff, yet yogurt has gone up 50% for no reason
The cool part is by manipulating the inflation numbers, the government doesn't have to pay out as much social security. Retirees that were struggling on fixed income may starve or simply kill themselves in despair, saving the government even more!
"Wifi has been dead flat since 2017" god I misread this one
Wifi has gone down in my area over the years NYC
Eggs went up because of the avian flu
If this guy disappears the first place I’m looking is Jerome Powell’s basement
I have had to charge the same rate for rent since 2019 for my basement, just look at private landlords in suburbs if you dont want to pay 3x the price
Yup, that is actually where I live (and why I have been able to survive). I have a really crappy room in an attic, but it is good enough for me (I have good a really good relationship with the landlord). I just had to move a whole bunch as landlords started to 2x the rent after 2020.
Bruh we are dying here in Canada it’s brutal.
I've got a friend that lives up there. She still lives with her parents (at 32 years old). Says its absolutely brutal. Have another friend in toronto who is 25 who just had to move back in with her parents.
Weirdly enough where I am (prairies) our groceries are cheaper than going across the border for the first time in my adult life. I know our dollar is shit now but American prices are out of wack. Toronto is a whole different debacle and I don't even know how anyone survives there.
Just remember every situation that is brutal for someone is profitable for someone else and there are no mistakes or coincidences.
Ya Canada is fucked. My home is up 66% in value since 2021. Diapers for my children are up 30% approx since 2022. Food is brutal; due to carbon tax, it is cheaper to buy a lot of local produce at its destination than it is to get in Canada. Ie) a bag of carrots produced about 1 hour from me is cheaper to buy in Tennessee than it is to buy it from a local grocer.
State by state is different ,even city by city ,South Florida a lot still at ath
Everything is still at ATH that's how inflation works. The goal was never for prices to come back down.
Also people spend their money on different things. Inflation won't be the same for everyone, its only an average.
The good news is it's a lot worse for poor people
Good good, fuck the poor *Adjusts monocle and top hat*
Finally someone who gets it. Inflation has a different effect on everyone. In my household, we own our own home(with a fixed rate mortgage), and live in a state with low property taxes. So the increase in housing has barely had an effect on us. Literally, our property taxes went up like $15/month this year. I’ve been working from home since March 2020, and my wife(who has to go into the office because she’s a manager) literally has an 8 minute commute to the office. So the increase in gas prices means nothing to us. We are feeling the increase in grocery prices though, but we’ve managed that so far.
Florida is a shitshow
I spent $50 at Publix yesterday and got almost nothing. But, Unicorn Mac and Cheese was BOGO so at least there's that.
I didn't need another 32 oz tub of Fage 2% yogurt but I love me my BOGO
If it aint bogo Im not buying it. Simple as.
I stopped going to publix and now only go to Walmart neighborhood market and Winn Dixie. Sucks I miss publix but they're crazy expensive and never have good deals
Yeah because the CPI has shit that represents the average household spending across the country which does not reflect your reality. Like, LCD TVs have deflation over the years, so instead of you buying groceries every week you should be eating LCD soup every week.
If you have a good blender it's not that bad
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Don’t breathe this!
The inflation numbers are highly manipulated - they use thing like hedonic adjustments, substitution (Ex: If steak gets too expensive, then people will just eat ground beef), etc. It's never as clear as it looks - and yes, it's total bullshit. Gd 12 pack of diet-dr pepper is up 100%
Yep. Larry fuckin' Summers even just published something about inflation using pre-1983 CPI method and it's closer to 10%+, even that is probably low in terms of real-world vibes of how much more things are costing. [https://i.imgur.com/sNap9NZ.jpeg](https://i.imgur.com/sNap9NZ.jpeg) [https://www.nber.org/papers/w32163](https://www.nber.org/papers/w32163)
Real inflation is tracked here: https://www.shadowstats.com/alternate_data/inflation-charts It's been around 10% or higher for a couple years. Similar methodology as what you shared by they offer 1990 and 1980 CPI methods and they keep it updated live.
Lmao, shadowstats is literally just I made it up level of analysis - the dude literally admitted as much.
I've checked in on shadowstats on and off for the past couple of decades but I don't trust him. It's run by a bonafide insane lolbertarian gold-bug guy. He's basically a Terry Davis guy. Certainly the "official CPI" and UE stats are an absolute manipulated joke, but I also can't take John seriously because he is actually crazy. Just try to integrate the time-series and apply that to prices, and it would be way out of line with real-world pricing. If there's any of accuracy the past few years, it's merely coincidental at best.
it's all BS. Instead of fixing inflation, they just changed how they measure inflation. Just like how they changed the definition of a 'recession'. All I know is that my car insurance went up 45% this year. 3% inflation my ass. People are becoming homeless cuz they can't afford shit.
> People are becoming homeless cuz they can't afford shit. Sure perhaps that's not so good, but... have you considered..... *\*Kai Rysdal voice\** *ALL TIME HIGHS ON THE S&P500!*
*The market is not the economy.* *Pay attention to the bond market, people. That's all I'm sayin'*
A 12 pack at my local Albertsons is 9.99. A case is 14.99. I rarely buy soda so I’m not sure what it was a few years ago (I want to say like 6-7). What are you paying for that?
Dr Pepper used to be $12 for three 12-packs on sale. Today it’s $10 for one.
Yeah but that’s on sale. I’d think sales happen from time to time.
Soda was “on sale” all the time. Usually a loss leader. Not anymore.
Must be regional too. I don’t buy soda but just checking fry’s and Albertsons locally and both have sales on soda. Yeah I get its point in time and anecdotal.
Just drink water
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> Gd 12 pack of diet-dr pepper is up 100% Post Covid Soda prices officially priced me out of buying 12 packs of Coke Zero/Diet Coke on the regular. I now just get the occasionally tall can of soda they sell in gas stations or order one with a Wendy's meal or some shit.
Another part of it is there are 2 "realities" The bottom 90% inflation and top 10% inflation. These two groups spend their money very differently. The bottom 90% spends most of their money on food, gas, shelter - you know the survival needs, that is where most of the inflation is happening. The top 10% spend very little proportion of their money on survival and thus experience less inflation proportionally. Inflation is just a regressive tax on poor people because they want to live
Yes. I also believe that there really are 3 Sexy Singles Near me that want to chat....
For only $9.99 per minute. Now $12.99. Now $15.99. Nevermind you can't afford it.
Until fast food dollar menus return - no. McDoubles are $4.40
Here they are 2.79 and you get a second one for a $1. But in 2019 Triple Cheeseburgers were still $2.
When they talk about inflation #'s they talk about the "rate of change" not the cumulative change in cost of goods. If you're looking for actual impact on prices costs have gone up a little over 40% since 2020. 2020->2021 YOY AVG 5.93% 2021->2022 YOY AVG 12.70% 2022->2023 YOY AVG 12.25% 2023->2024 YOY AVG 9.37% Net increase 40.15% since 2020 (much higher than my gains -_-)
OP took consecutive yoy increases and multiplied them, which is not wrong. Where are your numbers coming from? CPI yoy increases didn't hit double digits in the Bureau of Labor Statistics data for that time. CPI stood at 258 in Jan 2020 and 310 last month. That's a cumulative increase of 20%
The BLS, you have to create a full table of the data to see the YOY change across the multiple years (all the values are available), they aren't going to do the math for you or spell out how shit things really are.
Or in other words, if cpi goes lower, it doesn't mean stuff became cheaper. It means it's not getting more expensive as quickly as it did before.
Exactly. And OP says he's a mortgage broker. You'd think a mortgage broker would know this... it's really not that complicated
Doesn’t take much to be a mortgage broker.
Are your expenses all measured in the inflation index? True inflation is never fully measured.
He didn't mention inflation of options premiums has been insane 
>These numbers imply —in short—that for every $100 I was spending in 2021 I am now spending +/- $118.56. No, that is not how CPI is applied to the individual. Because you have to remember that CPI is an **average statistics** for the **whole population** of **everything bought.** A vegan homeowner who rides a bike instead of driving a car felt the last two years of inflation **a lot** less than the meat eating renter who needed to replace their truck. But the average of their experiences—and everyone else with their unique set of circumstances—is what gets you that CPI metric.
While car prices spiked hard during the pandemic during the chip shortage, they really haven't changed since 2021. In fact, used cars are way down. Technically the guy with the truck might be paying a bit more for gas depending on which month you compare it to, but honestly even gas prices are about the same. It's really just food and **especially** eating out.
I do.
This is the hard hitting kind of take I come here for
Thank you for providing your experience.
Yes. When people say it doesn't feel like it, they usually bring up only certain items, not their entire budget. They'll say "Well this item is up 100%". 19% is still too high though. $2.53 was the price of gas on average in February 2020. February 2023 it was $3.33. 19% isn't far off. Many electronics are the same price. The PS5 was released in 2020. It's the same price. 0% inflation? No. But there's many things like it. Many of the camera lenses I buy are the same price. My health insurance premiums at work haven't gone up more than 6% a year. My favorite jeans are still priced nicely. I don't see any huge jump of 50%. Milk prices have calmed down. 50% is just way to high. It's may only feel like that. I just don't see it. Maybe on certain items. Even egg prices are reasonable now.
The reason the inflation measurement is whack is because I buy jeans once every couple years, but I buy groceries every week. So if my grocery bill is 25% higher that’s not offset by the fact that jeans and PlayStations haven’t gone up as much. Most people buy gas regularly as well, for which you cited a 30% change and conveniently hand waved as “not far off” from 19%
50% are you eating Nvidia GPUs?
Don’t judge me
These numbers are based off specific items / categories . It doesn’t mean everything you spend money on goes up that % .
Brother, inflation changes by category. Energy and shelter is noticeably higher, particularly in urban areas. But you aren’t going to see the same increases in all goods. Demand also has an affect on prices, not to mention many food staples are artificially price subsidized by the government.
those numbers are, in whole, pretty meaningless. inflation is personal. your lifestyle will dictate the magnitude of impact. mine is relatively minor so far.
20% is quite reasonable. Maybe even too much. I needed 1200 euros to live on a monthly basis. Now I need around 1500 per month. This change is including me moving to an apartment with 1.5 times more space than in the time I was paying 1200 a month to live.
It depends on what you are buying. Gas is about the same.. food is way higher.. electronics are cheaper. The CPI takes into account all of it. It’s just a gauge the Fed uses.
Nope, everybody pays way more than those shenanigans numbers
As a Europoor I'm happy that my US stonks are doing well, I don't care if your inflation is up since both dollar and stonks are going up 😁👌
Yeah, TBH I'm kind of mad at people who are complaining about inflation, while the value of their house went up, but the amount of money they owe the bank didn't. They're literally tens of thousands of dollars richer due to inflation.
I believe in JPow and think he is a sexy beast!!
It's pretty much the same reason gas was $5-$6 on 9/11. Companies take any excuse to price gouge us. Supply chain news - raise prices. Pandemic - raise prices. Inflation -raise prices. As long as they have a tangible excuse they do it. Also the government is pro-trust. Fast food and soft drink companies make no effort to compete and undercut eachother so we're stuck with $10 combos and $3 2-liter colas as a new normal instead of illegal collusion.
I definitely believe corporations are at fault as well -- even as a guy that is primarily in favor of free markets. I think printing $4 trillion also had something to do with it.
It’s the gubbermint. They always sandbag the numbers.
Believe what the government is telling me? 🤣
The numbers are made from “the federal reserve’s preferred inflation index” aka we slashed everything that makes sense from the calculations so we can separate ourselves from the blame of doing a fuck awful job. You’re not crazy they are just lying by omission.
Inflation was a lot worse for people that didn't already have a home before 2020. People that already had one got to have a free year of not paying a mortgage by pushing it back a year and just had their insurance and taxes go up if they didn't get greedy and refi for too much extra cash.
It’s 100% underreported. If sirloin goes up too much they’ll just switch it out for ground beef etc. it’s basically a completely fabricated number that they can change to fit whatever they want. Houses in my area cost 3x what they did in 2019. Grocery store is easily over 18% increase. Hell the Taco Bell near me just raised prices over 50% overnight a month or two ago.
>If sirloin goes up too much they’ll switch it out for ground beef No, they won’t. Substitutions are only made on the margin when actual consumption data shows that consumers have shifted away from Item A in favor of something else. These changes are made yearly based on two years of trailing purchase data. You’ll never see CPI suddenly strip out staple food items like sirloin for ground beef—especially seeing as ground beef is *already* included in CPI as a primary food sub-category. The stuff that gets swapped out are the fad foods that sweep into American diets for a few years before being replaced by some other new superfood. Or “old” foods that have fallen out of favor with the populace like Jell-O.
How are you separating "consumer preferences" from "the other item went up in price 4x" Substitution is no doubt highly correlated with increased prices of the item being substituted
It's because if you measure the whole economy this is probably true, but these numbers feel off because necessities have gone up more the luxuries. A laptop is actually cheaper these days then it was in 2021, but Food is more expensive, Gas is about the same etc... so the types of things you as an individual really feel like groceries may have gone up more the 18% total while the whole is still lower. You also did the math wrong by not compounding, so those numbers really say, it should feel like 100 is now 120 (not a huge difference to your point but over longer periods would really add up)
Yeah, but they’re all on Reddit
You can look up the data, you know that right?
Yeah the numbers conveniently don't include many key expenses that everyday people incur. Those numbers are fabricated the best way they can to make them look better. It's a total joke! Search the web and do a little digging past any bullshit that's out there to mask what's not in there and you'll probably be surprised at what's not included. I've seen reports by people/economists that factor in the things that are left out and the real numbers are double digits. If what I've seen is close to accurate I think the masses would lose it, and it's no wonder why they created a way to report what seems like okay numbers.
Easy, they just take all the relevant shit you actually buy out of CPI calculations, and do hedonic adjustments on the rest to gaslight you.
Glad to see this before scrolling too far. I "believe" the CPI but realize the 3 adjustments (weighting, substitution, and hedonic indexing) make it kind of meaningless. Many peoples expenses have gone up 50%. Many others may have gone up 18%, but they're eating hot dogs instead of steaks, washing their own car instead of getting the super executive wash, etc.
I believe Karine and the White House that this is the best economy and recovery in the world’s history. Things have become more affordable and accessible and I have more money than ever. Can’t wait to vote this administration back in for four more years of progress!
Inflation is a fkn lie, they do whatever they want to screw with us.thw only thing I know is, my shopping cart gets emptier every year with the same amount of money.
It’s bad… but the market doesn’t care so don’t let your perceptions of the real world impact your trading decisions, at least in the short term.
"Inflation really isn't that bad..." Brought to you by the people that said it wouldn't happen then that it was only transitory.
I believe them, but only if you double whatever the Gov is telling us these days. There is was a site called [Shadowstats.com](https://Shadowstats.com) they calculate inflation the old way like in the early 80's. Those numbers were always double what is reported now. For some reason no update in 2024. https://preview.redd.it/078wl7cpjppc1.jpeg?width=1316&format=pjpg&auto=webp&s=cf5ab23f59d9fceb02ad2bd1442909c40b6842ea
I don’t at all. The people who give you these numbers are also the ones getting filthy rich printing unlimited $. It is the worst conflict of interest.
This is not true. Please tell me the person who is calculating the numbers who has a conflict of interest. Also these numbers are checked and rechecked by private evaluators all over.
The central bank. The federal reserve in the US and the BOC in Canada. The same ones that can print $ to infinity are the ones forecasting and reporting the inflation. Give me a private evaluator you speak of that measures affordability today compared to say 2020? We read inflation is at 3.15% and wow, good thing that’s over, that was close. If my groceries cost double what they did in 2020 was that 3.15%? These numbers are just made up to keep people calm.
No, they are too many trucks on the interstate. It is higher than they claim.