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With the current inflation rate, things that cost a dollar 50 years ago would approximate cost $7.03 today. ... The USDA predicts grocery prices to increase between 10-11% in 2022, ...
Study shows average fast food prices have increased 39 to 100% since 2014, outpacing inflation. ... compared today's popular fast-food menu items prices versus what the cost was 10 years ago.
So while the latest 2.2% annual food inflation rate for March 2024 seems more manageable, it doesn’t negate the cumulative 25.8% increase in grocery prices since that November 2020 election.
Here’s how inflation has affected prices, and how some goods cost older generations more. Are things really more expensive these days? Compare prices and inflation to 50 years ago
Still, grocery prices are higher than they were a year ago. In the 12 months through April, prices rose 1.1%. But overall inflation for that period was higher, up 3.4%.
Through November, grocery prices were up 1.6% from the year before, according to the latest CPI report. That annual rate is trending below overall inflation (which accelerated to 2.7% last month ...
In March, meals at restaurants and bars cost 4.2% more than a year ago, though it's the smallest 12-month change since June 2021, per BLS economist Steve Reed. Prices are up 0.3% compared to February.
Thanks to inflation, what cost just a buck in 2000 would cost $1.27 today. Happily, the price of some products has not kept up with that inflation; and in some cases, they are even cheaper today ...