Food pricing still high

[LivingAlmostLarge]

Food pricing still high. https://www.yourtango.com/self/peopl...rocery-budgets

It doesn't seem to be coming really back down but rather the new normal.

[kork13]

Certain low-processed commoditized food staples (milk, eggs, meat/poultry, fresh fruit/veggies, etc) will go up & down as market conditions fluctuate (though still walking slowly upward over time). But anything that is processed, branded, and marketed will pretty much only ever go up. And gravity does not apply to consumer products -- what goes up almost never comes down.. Any expectation otherwise is little more than a fantastic dream.

[myrdale]

That's inflation for you. The less the dollar is worth, the more products cost.

I saw a meme last week showing how BitCoin was at an all time high, but in reality the buying power of the US Dollar is at an all time low.

[disneysteve]

All of the people who thought prices would come down when inflation came down don’t understand what inflation means. Inflation refers to the rate at which prices rise. A 10% inflation rate means prices go up 10% in a year. If the rate drops to 2% it means the following year prices will rise another 2%. It doesn’t mean prices will come down. That would be deflation and you don’t want that to happen. A lower inflation rate like we now have means prices don’t rise as quickly.

[ua_guy]

Yeah. People are still talking about "crazy inflation". It's at like 2.6%. They mean "high prices" in general.

[EasyMoney00]

Everyone is being squeezed in every direction. I notice some food items that have increased. Steaks have gone up and eggs are currently up.

The annoying thing that always goes up is auto insurance. Most vehicles tend to depreciate each year yet the cost to cover them increases. We should all see a nice bump in our home/auto insurance after the CA inferno.

But, people keep spending money. Professional sports tickets have skyrocketed, yet the stands are always full. New vehicles have skyrocketed, yet there are a ton of new trucks/SUVs where I live. I talking vehicles that are $70k+. I may be wrong but it seems like we're in another bubble. This one is credit. I know a gang of people who are in over their heads. They just keep spending, getting loans and using credit cards. Not sure if you can group loans and credit cards in a bubble though. Don't know when the tipping point is coming but it'll be nasty when it does.

[EasyMoney00]

Yeah. People are still talking about "crazy inflation". It's at like 2.6%. They mean "high prices" in general.

Currently 3.3%. it's creeping.

[LivingAlmostLarge]

I know it's the rate of prices going up. And yes it just is expensive.

[mumof2]

Over here in australia 2 of our big chain grocery stores are in court for ripping consumers off so although our food prices are high...a lot have come down in price as well...they might have to pay compensation to customers as well..

[QuarterMillionMan]

In Los Angeles a dozen large eggs is $8.99. Last week I paid $7.99 which I still have a few more eggs which I'm rationing.

[james.hendrickson]

Totally QMM, I paid like 8 bucks for a dozen eggs here in Portland just last week.

[ua_guy]

Currently 3.3%. it's creeping.

I'm sure it will go to 0% on January 20th and gas will be $1.99 again!

[Fishindude77]

In Los Angeles a dozen large eggs is $8.99. Last week I paid $7.99 which I still have a few more eggs which I'm rationing.

Wow !
We buy farm fresh eggs all day long for $3.00 per dozen.

[disneysteve]

Wow !
We buy farm fresh eggs all day long for $3.00 per dozen.

At Wegmans (our main supermarket) it's $4.49 for 12 and $6.73 for 18. Even the fancy shmancy organic cage free pasture raised eggs aren't $7.99.

[Fishindude77]

My farm fresh eggs are coming from an individual that raises chickens.
Hard to beat fresh eggs. The yolks are so much darker yellow/orange, better flavor as well. Occasionally get a double yolk.

Some store bough eggs can be months old.