I'm super skeptical of posts like this because they seem cherry picked, or at best, have local price increases that aren't reflected elsewhere in the country. Half of those are restaurants, who have had challenges for the past 2 years outside of inflation. Gas has its own challenges, a head of lettuce at my local grocer is $1.52 which is cheaper than that person's 2021 price. Notably not included in that post is things like pork, which has fell in half since 2 years ago, and beef has had 4 straight months of decreases. Car prices are also down too from their peak.
My point isn't that inflation doesn't exist. It's a very difficult number to compute. My point is that people on the internet aren't good at picking unbiased points to base their data on.
Data like this is good to understand how the cost of living is increasing in certain segments, but we all need to remember (I make this mistake sometimes too) that an increase in the cost of living is not inflation.
My point isn't that inflation doesn't exist. It's a very difficult number to compute. My point is that people on the internet aren't good at picking unbiased points to base their data on.
Data like this is good to understand how the cost of living is increasing in certain segments, but we all need to remember (I make this mistake sometimes too) that an increase in the cost of living is not inflation.