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.
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%.
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.
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Yet costs for the masses are increasing beyond the official inflation numbers.
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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