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

Are you from USA? Store all the tickets and see yourself if they lie or not.
If you are from a third world country, then:

A) It is common for the government to announce a fake inflation, so people don’t revolt.
B) Another trick is to announce the real inflation but considering specific items only, for example, milk, bread, eggs. But ignore items that increase a lot like soda, wine, coffee, utility bills, electronics, cars, houses…
C) Or create a “special prices program” for basic items (milk, bread, eggs, flour…), and then use this list to calculate inflation (see point B). Companies reduce the quality or size of the products to stay under the law.

Again, store all the tickets and see yourself if they lie or not.