What is your inflation rate?

[Woodznutz]

A calculation of my spending reveals an inflation rate of about 50 percent. What's yours?

 

[Harpy Eagle]

A calculation of my spending reveals an inflation rate of about 50 percent. What's yours?

Can you lay out how you did this?

 

[Leo123]

In CA gas has risen 55% since Biden.

 

[Woodznutz]

Can you lay out how you did this?

Sure, but this is only my personal costs and not a reflection on others.

Coffee, milk, bananas, peanut butter, butter, bread, dry beans, dry peas, oranges, eggs, gas, utilities. All up where I shop an average of 50 percent over the last two years.

However, it doesn't bother me as interest on my savings is also up substantially.

 

[Harpy Eagle]

Sure, but this is only my personal costs and not a reflection on others.

Coffee, milk, bananas, peanut butter, butter, bread, dry beans, dry peas, oranges, eggs, gas, utilities. All up where I shop an average of 50 percent over the last two years.

However, it doesn't bother me as interest on my savings is also up substantially.

Gotcha, thanks.

I have to admit I do not remember how much I paid for those things last week, let alone two years ago.

 

[schmidlap]

Gotcha, thanks.

I have to admit I do not remember how much I paid for those things last week, let alone two years ago.

Putting inflation in perspective and context,

Crisis-hit Venezuela tops a list of countries with the highest levels of inflation driving a high rate of emigration. Around 4 million people have fled Venezuela amid political and economic uncertainty, according to the UN Refugee Agency.

One of the primary hallmarks of the rebooting U.S. economy has been a worker shortage, resulting in a plethora of “help wanted” signs in the windows of retailers, restaurants and other businesses across the country. Beginning in 2020, the pandemic severely reduced immigration. Under 500,000 were entering the U.S. And last year, that figure dropped to about 247,000.

The worker shortage in the U.S. is resulting in higher prices as employers incur higher labor costs, raising salaries to attract scarce workers.

The unemployment rate in the U.S. now roughly approximates that of most nations worldwide:

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Inflation rates in European nations range from 6.6% in France to 25.2% in Estonia

Another significant factor contributing to inflation is the high cost of gasoline:

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Looking to fill up your tank for peanuts?

In Venezuela, you’ll pay only $0.08 per gallon. This is due to the country’s subsidies on gas, which were put in place by former President Hugo Chávez.

Other countries that offer cheap gas include Libya ($0.12 per gallon), Iran ($0.20 per gallon), Syria ($1.08 per gallon), Algeria ($1.20 per gallon), and Kuwait ($1.30 per gallon).

[Gasoline and diesel prices by country | GlobalPetrolPrices.com]

 

[Woodznutz]

Gotcha, thanks.

I have to admit I do not remember how much I paid for those things last week, let alone two years ago.

I buy pretty much the same things so I am always aware of the prices.

 

[Likkmee]

A calculation of my spending reveals an inflation rate of about 50 percent. What's yours?

When I drank beer my inflation rate was 3-4 lbs per week and 1-2 inches per month