Quote:
Originally Posted by bcbgcbrcb
Ground beef was $7.99 two years ago, now $11.99. Bag of chips was $3.49 two years ago, today $5.29. 2L bottle of Coke was $2.75 two years ago, today $3.75. Box of cereal was $4.99, today $6.79. I could keep going on and on and on. EVERYTHING is indeed up 30-40% over the past two years. Where in history have we seen price increases at this rate? Of course, let's blame it all on COVID like everything else. While sports cards are average DOWN 30-40% over the past two years. At the start of 2021, gas was $1.99/gal., been over $3.00/gl. since the start of 2022.
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I guess you are not a history buff.
Annual inflation was almost 10% during the start of WW2, and over 10% at the start of the Cold War a few years later. Inflation was over 12% in 1974 and over 13% in 1979. The highest annual inflation we have seen in the last few years was 7% in 2021.
https://www.investopedia.com/inflati...y-year-7253832