The inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
Inflation isn't based on the cost of a single thing. You're confusing it with stocks.
It's actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
Since it's from April to August, it's actually showing 31% annual.
And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it's showing nothing.
And meat prices are factored into a CPI I presume.
I just think they're neat!
The inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
Inflation isn't based on the cost of a single thing. You're confusing it with stocks.
It's actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
Since it's from April to August, it's actually showing 31% annual.
And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it's showing nothing.
And meat prices are factored into a CPI I presume.