Why do the “official” numbers on food inflation state it’s gone up by tiny amounts like 8%, 19%, 11%, etc. but most of the foods I see has gone up by a minimum of 50%, 100%, 80%?

Question

Why do the “official” numbers on food inflation state it’s gone up by tiny amounts like 8%, 19%, 11%, etc. but most of the foods I see has gone up by a minimum of 50%, 100%, 80%?

In: Economics

Answer 1

What’s gone up by 100% over what period of time? Are those average prices or sale price vs not sale price?

Some of the food I buy isn’t much more expensive than before the pandemic. Other food is quite a bit pricier. It’s impossible to compare what you’re noting without examples.