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My electricity bill was $337.00 this month. The highest I've ever seen and the temperature is moderate. No, inflation for real items such as gas, energy, food is just a myth!
My electricity bill was $337.00 this month. The highest I've ever seen and the temperature is moderate. No, inflation for real items such as gas, energy, food is just a myth!
My electricity bill was $337.00 this month. The highest I've ever seen and the temperature is moderate. No, inflation for real items such as gas, energy, food is just a myth!
Item | 2010 | 2011 | 2012 |
Black Beans | 4.45 | 3.95 | 4.55 |
Pinto Beans | 4.65 | 4.65 | 4.70 |
White Beans | 4.25 | 3.70 | 4.25 |
Nonfat Dry Milk | 7.05 | 7.90 | 8.60 |
White Rice | 3.20 | 3.30 | 3.85 |
Sugar | 4.65 | 5.30 | 4.50 |
Hard Red Wheat | 2.70 | 2.80 | 3.50 |
White Wheat | 2.60 | 2.80 | 3.50 |
Apple Slices | 4.90 | 5.10 | 5.70 |
Carrots | 7.10 | 7.50 | 8.30 |
Macaroni | 3.30 | 3.85 | 4.30 |
Quick Oats | 2.10 | 2.05 | 2.50 |
Regular Oats | 2.10 | 2.10 | 2.50 |
Dry Onions | 6.00 | 6.30 | 6.90 |
Potato Flakes | 2.85 | 3.30 | 3.25 |
Spaghetti | 3.75 | 4.50 | 4.95 |
Refried Beans | 3.75 | 3.80 | 4.30 |
Cocoa Mix - Hot | 6.60 | 8.80 | 9.90 |
White Flour | 3.05 | 3.00 | 3.40 |
Fruit Drink Mix | 6.90 | 7.80 | 8.50 |
Totals | 85.95 | 92.50 | 101.95 |
% difference | approx 7.6% | approx 10.2% |
To discover our personal annual inflation, I spent some time going over our real day to day cost of living: food, gas, electricity, dining out, ammo, etc. I added our total spending for the last month and compared it to the previous September 19 to October 19.
In this way it automatically adjusted for smaller packaging (we have to buy more to get the same quantity). This took some doing because, for example, we buy a lot less steak and more beans, but it was doable.
Our personal inflation rate for the last 12 months was 23.8%.
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There is some good info in there for sure....but if you consider that it is over 10 years...and most items are listed around 40% inflation over 10 years...that suggests somewhere around 3-4% annual inflation. That is closer to what the government suggests...but even so it is still higher than they claim.
Either way, I feel there has been a sharp increase in the last 24 months or so...maybe it's just because I am paying more attention?