Quote:
Originally Posted by Stu from NYC
Based on what we normally buy in terms of food, I believe inflation in this area is well above what the cpi has been telling us.
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The CPI does not represent what the typical consumer experiences. Inflation has far exceeded the CPI's rate. My grocery, gasoline, utility bills and other items tell me this. Grocery prices literally soared over the past 3-4 years and are still going up but at a lower rate. True current inflation substantially exceeds the official 2.1%
USPS in July hiked the price of a first-class mail stamp to 73 cents from 68 cents and raised overall mailing services product prices by 7.8%. Stamp prices are up 36% since early 2019 when they were 50 cents.
Gasoline prices:
2016 $2.14
2017 $2.41
2018 $2.74
2019 $2.64
2020 $2.17
2021 $3.05
2022 $3.29
(Source:
Gas Price History: List of Prices by Year)