Evidence shows the government stimulus contributed to only a small portion of the inflation, and the largest portion stemmed from companies using inflation as an excuse to raise prices. I mean, have you looked at individual candy bar prices? They went from under $2 each to over $3 within the last 24 months! Individual soda bottles are getting close to $3 each as well, and don’t get me started on the cost of bags of chips. These are discretionary items and treats that saw a significant jump in price very recently that was far larger than inflation. I’m pretty frugal and my regular bi-weekly(ish) grocery bill has grown from ~$70 to ~$110 in the same period, a growth rate about inline with inflation, but when you look at individual items prices you can see a clear predatory “inflation adjustment”
Evidence shows the government stimulus contributed to only a small portion of the inflation, and the largest portion stemmed from companies using inflation as an excuse to raise prices. I mean, have you looked at individual candy bar prices? They went from under $2 each to over $3 within the last 24 months! Individual soda bottles are getting close to $3 each as well, and don’t get me started on the cost of bags of chips. These are discretionary items and treats that saw a significant jump in price very recently that was far larger than inflation. I’m pretty frugal and my regular bi-weekly(ish) grocery bill has grown from ~$70 to ~$110 in the same period, a growth rate about inline with inflation, but when you look at individual items prices you can see a clear predatory “inflation adjustment”