Three dollar increase in one week

[Baroque Brass]

The local place here has good ribeyes for a reasonable (in today’s inflated market) price. Last week they were $13.99/#, this week they jumped to $16.99/#. How can something increase that much in a week?

In the 90’s, I could get handcut ribeyes for $6.99/# and that’s usually what we had on Saturday nights. My daughter’s best friend would often call and ask my daughter if we were having steaks and practically invite herself over, which was fine. She said she enjoyed eating with us because we talked and laughed, apparently she didn’t have that at home. Toss another steak on the grill and Beth was always welcome. As prices started going up, I remember telling the butcher that if prices hit ten dollars per pound, I wouldn’t pay it. Now ribeyes for $10/# would be quite a bargain. Heck, Publix gets $7/# for ground beef.

 

[Hillbilly stalker]

They ribeye were $16.49 a pound at Wal mart this morning. Our local meat center often has the bone in ribeye for $9.99 lb. on sale, regular $12.99.

 

[furtaker]

Let's Go Brandon!!!

 

[livinoutdoors]

You boys a little older than me already know, but for the rest of ya get used to this term right here now,
Stagflation.

 

[Cool Hand Luke]

Saw this the other day somewhere. General statement but truth.

In 2020 we couldn't find TP. In 2024 we couldn't afford it....

Let's go Brandon!!!

 

[finnhunter]

One dollar in 1994 is equivalent to $2.10 in 2024, with an annual average inflation rate of 2.51%. So your $6.99/lb ribeye in 1994 would cost $14.68 in today's dollars.

 

[buckpasser]

One dollar in 1994 is equivalent to $2.10 in 2024, with an annual average inflation rate of 2.51%. So your $6.99/lb ribeye in 1994 would cost $14.68 in today's dollars.

In the real world, your 2018 $1 is now worth $2. That’s the problem.

 

[Baroque Brass]

They ribeye were $16.49 a pound at Wal mart this morning. Our local meat center often has the bone in ribeye for $9.99 lb. on sale, regular $12.99.

Bought steaks at Walmart once, won’t do that again

 

[Baroque Brass]

In the real world, your 2018 $1 is now worth $2. That’s the problem.

Shouldn’t that be the other way around?

 

[ScLowCountry]

The local place here has good ribeyes for a reasonable (in today’s inflated market) price. Last week they were $13.99/#, this week they jumped to $16.99/#. How can something increase that much in a week?

In the 90’s, I could get handcut ribeyes for $6.99/# and that’s usually what we had on Saturday nights. My daughter’s best friend would often call and ask my daughter if we were having steaks and practically invite herself over, which was fine. She said she enjoyed eating with us because we talked and laughed, apparently she didn’t have that at home. Toss another steak on the grill and Beth was always welcome. As prices started going up, I remember telling the butcher that if prices hit ten dollars per pound, I wouldn’t pay it. Now ribeyes for $10/# would be quite a bargain. Heck, Publix gets $7/# for ground beef.

In the 90s was your income the same as it is now? Just curious. The steaks were 50% less in the '90s. You have to make him a bit more money now 30 years later or you are retired.

I do think food prices are ridiculous now however. I don't think people's incomes have matched the inflation.

 

[livinoutdoors]

Aint it fun? The games they play with inflation? Like its just some naturally occuring phenomenon. Like the weather or something.

 

[LTZ25]

My neighbor went to bait store at Sinclair put bucket on counter and got 3 dozen medium minnows and it was over $50.00 including tax .

 

[Hillbilly stalker]

I was at the counter at a convivence store the other day....the man in front of me bought a poke of Levi Garrett....$15 and some change. Almost $110 a carton now, sure glad I quit.

 

[earlthegoat2]

Just saw cut ribeye at Kroger for $7.99/#.

I bought 4 whole strip loins for $5.99/# last week which produced 24 1 1/4” NY strips. Plus I got some nice fat trimmings for ground venison this fall.

I don’t know what to tell ya. Other than steaks don’t always cost $12-$14/#.

Picked up some Bogo pork butts at the same time.

 

[buckpasser]

Shouldn’t that be the other way around?

I could have stated it better. I just meant a dollar in 2018 easily enjoys double the value of the 2024 model in most items I purchase.

 

[Baroque Brass]

My neighbor went to bait store at Sinclair put bucket on counter and got 3 dozen medium minnows and it was over $50.00 including tax .

$50 for minnows? Dang, my mama, who loved to catch crappie and always used minnows, would have a stroke.

 

[Baroque Brass]

Just saw cut ribeye at Kroger for $7.99/#.

I bought 4 whole strip loins for $5.99/# last week which produced 24 1 1/4” NY strips. Plus I got some nice fat trimmings for ground venison this fall.

I don’t know what to tell ya. Other than steaks don’t always cost $12-$14/#.

Picked up some Bogo pork butts at the same time.

Publix sometimes puts them on sale but they’re hit or miss on quality. They can be very good or they can be tough.

 

[finnhunter]

Aint it fun? The games they play with inflation? Like its just some naturally occuring phenomenon. Like the weather or something.

Just wait until we have deflation. Then we'll have real fun!

 

[livinoutdoors]

Just wait until we have deflation. Then we'll have real fun!

Well some folks might have more fun than others i spose.

 

[ryork]

My neighbor went to bait store at Sinclair put bucket on counter and got 3 dozen medium minnows and it was over $50.00 including tax .

Hope it was a nice bucket! But to share a similar experience, stopped at gas station in NE AL last week, and it is old school hasn't changed in 50 yrs outside some relatively "modern" pumps and American owned. My truck was on "E", so filled it up and got two cartons of red wigglers and two of the little ketchup containers of meal worms. Total was $88.................. roughly $65 in gas. Might have to start digging my own worms. His crappie minnows are $2.50 per dozen.