Thursday, April 18, 2024
Saturday, September 23, 2023
Wednesday, September 13, 2023
The inflation adjusted average price of ground beef in the United States
In January 1984, ground beef was $1.29/pound.
Adjusted for inflation to August 2023, it should be $3.89/pound, according to the inflation calculator at bls.gov.
Ground beef is actually $5.08/pound, 30.5% higher.
The inflation adjusted average price of white potatoes in the United States
In March 1986, potatoes were $0.21/pound.
Adjusted for inflation to August 2023, they should be $0.59/pound, according to the inflation calculator at bls.gov.
They are actually $1.09, 85% higher.
Thursday, August 10, 2023
Sunday, June 18, 2023
On the Sunday grill: My May 1984 33-cent hamburger should cost 96-cents in May 2023, instead it costs $1.24
It's nearly 30% overpriced.
The inflation-adjusted pound of ground beef over the period should cost $3.82.
I buy the good stuff, however. My burger costs $1.50, washed down with a cheap pint of Hamm's Beer for 83-cents.
I'll be back to beans and rice on Monday.
A man's gotta do what a man's gotta do.
Tuesday, June 13, 2023
Permanently higher prices for the basics looks to be the future
The simple egg is now 25% more expensive at Sam's Club compared with pre-Covid. I used to pay routinely $3.98 for two dozen like those shown below. Prices nationally have fallen only to the unusually high levels of 2015.
Whole chicken is up 23%, electricity 18%, and both appear to be stable or rising.
Avian flu is now only sporadic.