CNBC’s Post

Ribeye sreal and ground beef inflation: 2019: Ribeye steak averaged $9.84 per pound, while ground beef averaged $3.82 per pound. 2024: rib-eyes are usually around 15–17 dollars per pound and average ground beef is going to be as of June 2024 is $5.91 per pound. Are we really only slowing 3% inflation? This is an average inflation rate of 4.20% and cumulative inflation of 22.70%. Here is real inflationary math. I had to ask questions not typically asked, since Tech companies ie Google is in the "fix" to protect the current administration.

Save some room for a side of inflation. 🇺🇸💸 This holiday weekend, Americans hosting a gathering of 10 people can expect to spend an average of $71.22, according to the American Farm Bureau Federation. It's a record high, with a 5% increase from last year and a 30% increase from 2019, before the Covid-19 pandemic. The main reason for the higher grocery bills is the rising cost of meat, which makes up about half of the total expense. The American Farm Bureau found that two pounds of ground beef will now cost an average of $12.77, an 11% increase from last year. Similarly, pork has become more expensive, with an 8% increase to an average of $15.49.

Unpacking Inflation: Are Food Prices Really the Culprit? In this video, we explore how government spending and policies contribute to inflation while addressing the stereotype of greedy food producers. Discover how free markets and removing price controls could be the real solution to economic relief. #InflationDiscussion #FoodPrices #EconomicPolicy #FreeMarket #GovernmentSpending #Misinformation #AgriculturalSubsidies #EconomicRelief #FinancialEducation #PolicyAnalysis

Have you ever heard of the bacon inflation index? Check out this ScotiaAdvice+ article that explains how economic factors, like the ones that affect food prices (including bacon), can cause inflation. You'll also find some tips on how to cope with it. 🥓💰 #Scotiabank

November's Chicken Curry Index is here! In this edition, we've added in some extra facts about the current fuel outage. Take a look, and, as always, we'd love to hear what you think. #inflation #myanmar

🚨 Food Prices & Kamala Harris's Controversial Plan 🚨 Vice President Kamala Harris is making waves with her proposal to combat high food prices by targeting price gouging. But is it the right move? 🛒 Economists warn that price controls could lead to shortages, echoing concerns about rent control policies. Critics, including Donald Trump, argue this sounds like "Communist price control." 👉 Is corporate greed really the culprit behind food inflation? Or are there larger economic forces at play? Read more on the debate over food prices and price gouging in the full article!

The ongoing challenge of consistently higher food prices is causing concern among American households grappling with inflation. The Biden administration has accused food producers and retailers of overcharging consumers, but attempts to control prices may have unintended consequences, according to industry experts. Rising costs in labor, fuel, trucks, and various other production elements contribute to the overall increase in end-product prices. #FoodPrices #Inflation #EconomicImpact

INFLATION. Since 2021 inflation is up almost 18%, which translates into an increase of about $11,800 per family. Here is a look for a few selected states: Wisconsin: $10,065 more annually Ohio: $9,884 more annually Pennsylvania: $9,404 more annually Montana: $12,216 more annually Nevada: $12,859 more annually Since 2021 Americans are paying 25% more for chicken, 18% more for American cheese, 31% more for ground beef, 71%(!) more for eggs, 16% more for whole milk, 14% more for fruits and vegetables, and 23% more for potatoes.

Interesting short read on inflation and food!