Seymour Flops
Diamond Member
- Nov 25, 2021
- 14,530
- 11,704
It's strange that I would need to explain the harmful effects of out of control inflation to Democrats. But with their key economic mentors like KJP and the ladies of the view telling them that inflation is a rich people's problem, and that it is actually "down from its peak," (which was under Biden also), I felt a little exploration of the topic is advisable.
While inflation has cooled since its peak in June 2022, one place where American wallets are still being hit hard is at the grocery store.
The US Department of Agriculture tracks the prices of foods at the grocery store, and each month, it recommends food plans at various cost levels, depending on if you want a "thrifty," "low," "moderate," or "liberal" plan.
. . .
As of March 2024, the USDA recommends a family of four on a thrifty budget spend $976.60 monthly and $1,585.20 for a liberal budget.
On average, across the four food plans, the monthly budget recommendation has risen 27% since the start of 2020. Meanwhile, as of November, grocery prices were up 25.1% since the start of 2020, outpacing the 18.9% increase in overall prices.
www.businessinsider.com
This kind of inflation of food prices would hit young working families hardest of all. They will find themselves having to rework their budget and avoid eating out, movies, family trips and other "luxury" spending in favor of literally putting bread on the table.
Here is KJP explaining why families should be comforted by the fact that "we take that very seriously."
In the words of General Custer, "There, Major Benteen! Are you reassured now?"
While inflation has cooled since its peak in June 2022, one place where American wallets are still being hit hard is at the grocery store.
The US Department of Agriculture tracks the prices of foods at the grocery store, and each month, it recommends food plans at various cost levels, depending on if you want a "thrifty," "low," "moderate," or "liberal" plan.
. . .
As of March 2024, the USDA recommends a family of four on a thrifty budget spend $976.60 monthly and $1,585.20 for a liberal budget.
On average, across the four food plans, the monthly budget recommendation has risen 27% since the start of 2020. Meanwhile, as of November, grocery prices were up 25.1% since the start of 2020, outpacing the 18.9% increase in overall prices.
Here is how much you should be budgeting for groceries every month
While inflation has cooled since its peak, one place where American wallets are still being hit hard is at the grocery store.
www.businessinsider.com
This kind of inflation of food prices would hit young working families hardest of all. They will find themselves having to rework their budget and avoid eating out, movies, family trips and other "luxury" spending in favor of literally putting bread on the table.
Here is KJP explaining why families should be comforted by the fact that "we take that very seriously."
In the words of General Custer, "There, Major Benteen! Are you reassured now?"
