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I used to think the whole 'inflation is transitory' story was just media noise until I saw my own grocery bill in Phoenix
For months, I was just reading the headlines about supply chains and thinking prices would go back down. Then I compared my receipts from last year and saw my weekly food cost jumped from $120 to nearly $200 for the same basic stuff. That's when it clicked that the 'full story' wasn't about temporary issues, but a real shift in how much things cost. Anyone else in a big city have a moment like that where the numbers just didn't add up anymore?
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charles_jackson6821d ago
My Phoenix grocery shock was a $9 block of cheese. The generic kind I always buy. It was $5.19 last spring. That's not supply chains, that's just the new price of food. My whole cart feels like that now, from bread to those little yogurts. You stop seeing it as a temporary thing and just start budgeting for the new normal.
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