this post was submitted on 29 Jul 2023
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Except people are getting fewer goods and services while paying more money. For some, they're already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
Yet costs for the masses are increasing beyond the official inflation numbers.
You're not wrong there, but just to provide a more accurate number for what's currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
https://www.gao.gov/blog/sticker-shock-grocery-store-inflation-wasnt-only-reason-food-prices-increased