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submitted 8 months ago by return2ozma@lemmy.world to c/news@lemmy.world

US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.

While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.

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[-] Daxtron2@startrek.website 22 points 8 months ago

My rent is 93% higher than it was in 2019

[-] Witchfire@lemmy.world 10 points 8 months ago* (last edited 8 months ago)

80% higher for me. It went up 29% from November alone

[-] Daxtron2@startrek.website 3 points 8 months ago

They really be cherry picking the numbers to tell us everything is fine and we're the ones who are wrong.

[-] rbesfe@lemmy.ca 1 points 8 months ago* (last edited 8 months ago)

They're taking averages, that is literally the opposite of cherry picking. If your experience doesn't match the national average that doesn't mean the average is wrong

[-] Frozengyro@lemmy.world 7 points 8 months ago

Yea, most of these estimates I've seen are wildly understanding the increased costs of everything.

[-] scoobford@lemmy.zip 1 points 8 months ago

Tbf these are national averages and rent increases are highly localized.

My rent gone up 11% since 2019. Which is good, because I already can't afford medical care.

My sister's rent has gone up almost exactly 50% in the same time period.

this post was submitted on 19 Mar 2024
198 points (90.6% liked)

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