I’m actually shocked that Axios isn’t trying to spin this
The inflation rate for “food at home,” basically the stuff you buy at the supermarket, is really low these days, with prices rising just 1.1% over the last year. But since January 2021, when President Biden took office, prices are up nearly 21%.
Why it matters: Every time Americans go food shopping they feel the sting of higher prices, making the grocery store the place where consumers are most regularly reminded about inflation.
The intrigue: Dining out is worse — prices rose 4.1% over the last year, far faster than costs at the grocery store or overall inflation.
And prices for “food away from home” are up nearly 22% since 2021.
The bottom line: Finding cheap eats is a challenge.
What does it look like?
Sure, food inflation is below where it was when Brandon took office, but, it rose 21% since he took office. And every cent comes out of your wallet, eroding your paycheck. For most working and middle class Americans, their pay damned sure hasn’t gone up 21%.
Ignorant idiots, e.g. Elwood, think that when the inflation rate drops, prices go down, and are perpetually surprised that they don’t.
Oh Stormy… you ignorant idiot. Some volatile prices do go down! For example, gasoline. Mr Bush’s Great Recession saw a drop in home prices.
When the inflation rate drops to 2% per annum, it means in general that a collection of items that cost $100 last May would cost $102 this May.
Now, kiss my ass!!