Comments by "Daniel Bradford" (@Falconlibrary) on "Food prices rise 10.1% year-over-year, according to the BLS" video.

  1. Not true. I wish it were only 10%! I shopped the exact same grocery list from January 2022 in January 2023 at the exact same store. 81% higher overall. And I don't eat fancy, getting generic and store brands when available. Example: I used to get a dozen eggs for $1.62. They're now $4.18. And the eggs are smaller. We need a Real People Inflation Index that measures how much higher prices really are. Can we just say it? One of the big causes of inflation is plain old price gouging. If it were just stores raising prices to cover their costs, their profits would be the same. But they're not. A lot of grocers are raking in record profits. Why do this? Well, if you used to sell 1000 cartons of eggs at $1.62, you brought in $1,620 in gross sales. At $4.18, you only have to sell 388 cartons of eggs to get $1,620 gross, and most of your operating costs (labor, etc) are the same. If you only sell 65% of what you used to, that's $2,717 in gross sales (650 x $4.18). This inflation has permanently raised prices. Prices are never going to go back to what they were pre-2020, not even close, and that creates a permanent cost of living crisis for 70% of Americans. Not that anybody cares about us.
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