Thursday, November 30, 2023

Inflation

 The legacy news, T.V., radio, print, etc, reports the state of the economy monthly, frequently with a caveat like "Ignoring the volatile food and energy sectors..." which means that if you don't have to eat or drive to work, you're not getting hurt. As much.

Bloomberg is reporting that 3 years of Bidenomics has upped the cost of living by an average of 20%:

Bloomberg reported the goods and services price increases:

  • Ground beef costs $5.23 on average, up from $3.89 in January 2020.
  • Coffee is up some $2 a pound. Fruits and vegetables are about 14 percent higher.
  • Electric bills spiked 25 percent since January 2020.
  • Natural gas is up 29 percent since January 2020.
  • Car insurance is up 33 percent since 2020.
  • Hotel prices are up 15 percent since 2020.
  • Grocery and electricity prices are both up 25 percent since January 2020.
  • Used car prices have climbed 35 percent since 2020.
  • Auto insurance is up 33 percent, and rents are up roughly 20 percent since 2020.
Another way of looking at this is to note that the purchasing power of the dollar has gone down about 14%. I bet you haven't gotten 14% in pay increases in the last 3 years, now have you.

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