US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.
While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.
It’s literally just wheat meal with honey, it costs literally 12 cents a box to make.
The packaging is more expensive.
But capitalism says ‘lol it’s ok to charge whatever!’.
And 1/3 of the internet will defend them for ‘reasons’.
Where did you get “it costs literally 12 cents a box”? Is that a random number for effect or do you have some insider knowledge and know that for sure?
Either way is fine with me, just curious because it seems like a very small amount after paying for the raw materials, the workers wages, the shipping costs, and the grocery store overhead, etc.