[C19fan]

Inflation is a measure of the increase in average prices in the economy. There will be components that have higher price increases than the average and items that have lower price increases than the average. It sucks to have to pay more for beef or the other specific items mentioned in the article but the effect of food prices on household well being has been greatly diminished over time. For example, in 1929 people spent 20% of their income on food for home use. Today that number is only 5.7%.

[Beagle8U]

“For example, in 1929 people spent 20% of their income on food for home use. Today that number is only 5.7%.”

Remove welfare and food stamps back to the 1929 level and recalculate that and see what you get.

[familyop]

"For example, in 1929 people spent 20% of their income on food for home use. Today that number is only 5.7%."

"5.7%"...wow. So with a hypothetical of $300 per month for a family of three is 5.7% of...: ~ $5263.16? Roughly $63,158 per year? Is that from an average or perhaps a mean? And that's guessing with $300 for a month's food for a family of three. I reckon that very few individuals eat for less than $100 per month.

Very interesting. Thanks!