gedaliyah@lemmy.worldM to News@lemmy.world · 6 months agoWhy grocery bills feel so high, even though food inflation is technically lowwww.axios.comexternal-linkmessage-square90fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkWhy grocery bills feel so high, even though food inflation is technically lowwww.axios.comgedaliyah@lemmy.worldM to News@lemmy.world · 6 months agomessage-square90fedilink
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up0·6 months agoBecause 3.5% on top of 3% on top of 9% is not a decrease. We essentially had a generations worth of inflation in 3 years.
minus-squareSeaJ@lemm.eelinkfedilinkarrow-up0·6 months agoSignificantly less than a generation’s worth. 20% inflation is closer to 8 or 9 years worth of inflation. Inflation was a hell of a lot worse in the 70s and 80s. We notice it now because we have been used to <2% inflation for so long.
Because 3.5% on top of 3% on top of 9% is not a decrease.
We essentially had a generations worth of inflation in 3 years.
Significantly less than a generation’s worth. 20% inflation is closer to 8 or 9 years worth of inflation. Inflation was a hell of a lot worse in the 70s and 80s. We notice it now because we have been used to <2% inflation for so long.