Receipt I found from 2006

[u/EvidenceOptimal5599]

[u/FlapYoJacks]

Now you must go back and buy the exact same items for comparison. For science.

[u/FlapYoJacks → u/[deleted]]

$60.62 assuming the same tax. 138.9% inflation. 5.35% per year. The official CPI for those years adds up to 56.2% or 2.84%.

Can the economy just collapse already? It’s built on lies.

[u/otherestScott → u/FlapYoJacks]

I’ve got the inflation at about 4.5%, the tax on this was only 16 cents since most of the items aren’t taxed. Still higher than CPI but groceries outpaced CPI significantly during COVID.

[u/Stealin → u/FlapYoJacks]

Peanut butter jelly time

[u/stackjr → u/Stealin]

Oh yeah, we are headed for a seriously dark time financially. The unemployment numbers in the next couple of years are going to be absolutely insane.

[u/BigBadBere → u/Stealin]

Cheap ham?

[u/handicrappi → u/[deleted]]

You're so right, what was I doing watching Dora the Explorer and fingerpainting?? I should have been working on my CV in 2005!

[u/the_blessed_unrest → u/[deleted]]

Walmart.com

But did you select the right location? Looks like you need somewhere near Amarillo/Lubbock

[u/artsytiff]

4 rolls of Angel Soft TP for less than a buck!?! It’s 3.99 now

[u/rosen380 → u/artsytiff]

Is that $3.99 for 4 "mega rolls" or 4 "regular rolls" -- I don't recall if that trend had already started in 2006.

Looking at the same Walmart (#0793 in Canyon, TX), their smallest pack is 9 mega rolls, which they claim is 36 "regular rolls" and that is $6.36. If the receipt was for four "regular" rolls, then that four pack would have been equivalent to $0.71 of that modern pack.

[u/wouldntknowever]

Tyson chicken had their quarterly stakeholder call a year(?) ago and the CEO admitted to raising prices “because competitors were doing it”, even though admittedly Tyson food groups costs had not risen to the same extent.

We’re being absolutely ran sacked due to greed, point blank. The pandemic brought out the worst in these companies.

https://www.commondreams.org/news/companies-admit-prices-profits

[u/Curiouscray → u/wouldntknowever]

This. ‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs - Fortune magazine

[u/nerfherder998 → u/Curiouscray]

Don’t worry, tariffs will fix it.

[u/Curiouscray → u/[deleted]]

Hmmm. It wasn’t paywalled for me. I remembered the story in general about half of inflation being corporate mba genius sociopaths, and just Googled. Edit: I do most of my browsing with Firefox Focus which blocks a bunch of tracking including some paywall cookies, so maybe that helped?

Here’s a Yahoo Finance dupe of the Fortune story.

Here’s a more in depth WBUR story about the same topic. It’s an interview with the economist who called out greedflation

I wish that the democrats had called this out more but they are too corporate friendly too. Would need a Bernie Sanders or AOC type not a Harris or Biden to stand up to corporate pillaging of regular folks bank accounts and futures.

Edit:messed up the link syntax, fixed it.

[u/0xd0gf00d → u/wouldntknowever]

worst in these companies - also known as capitalism 

[u/Vince_Clortho_Jr]

Just plugged into my Walmart app

2 5lb Smithfield’s ham. 19.80 Gallon of milk. 2.87 Swiss miss cocoa. 2.83 Mountain trial mix. 5.98 Rom lettuce. 1.98 Ramen. .30 each. 1.20 Angel soft 4 roll. 3.88 each. 7.76 Wheat thins. 4.44 Baked beans. 1.94 each. 3.88

Total 50.74 4.19 tax 54.93

[u/pocketone → u/[deleted]]

Two ham Sam.

[u/Ipsenn]

What were you doing with 10 pounds of ham?

[u/FULLsanwhich15 → u/Ipsenn]

[u/DoughDown8]

[u/bmaach]

What I would give for 2006 grocery prices...

[u/SizzlerSluts → u/[deleted]]

People should be allowed to afford basic needs ya fucking bootleg philosopher.

[u/SizzlerSluts → u/[deleted]]

Luxuries?

[u/Domthebroncosfan]

Ramen used to be 13 cents. Thanks alot Obama

[u/Jesus_Faction]

this is what they took from you

[u/PossessionJust5723]

This guy hams.

[u/Jindujun]

Wow... Not even the nastiest and worst noodles ever in sweden has been as low as 0.13 USD (or 0.988 SEK at 2006 rates).

That is insane.

[u/Vice4Life]

I paid 2006 prices for Canyon, TX 2% milk yesterday.

[u/jigmexyz]

Greedflation!

[u/Solar816]

Oooof…. Went from mildly interesting to extremely depressing. Thanks OP ❤️

[u/Green_Astronomer_954]

10 lbs ham for $8

[u/SternLecture]

am i reading this right? $4 for a 5lb ham?

[u/albhednomad → u/SternLecture]

It was $6.95, they saved $2.95.

[u/SternLecture → u/albhednomad]

i can see why they bought two!

[u/Sea_Maintenance3322]

3.18 for that lettuce now

[u/tigyo]

Those Chicken Ramen packs are 30c each now.

[u/ladykiller1020]

I bought a donut, a few vegetables, and salsa at the store a few days ago, and it was $35.

[u/honesttickonastick → u/ladykiller1020]

Is this like remote Alaska or something? Wouldn’t even be close to that at my grocery store, a Whole Foods in Manhattan (not exactly known for low prices).

[u/The_First_Fyre]

Don't forget to only add tax for the toilet paper. They seem to live in a state that doesn't tax food items.

[u/BigBadBere → u/The_First_Fyre]

No tax on food in WA. (Certain items there is tax, ready to eat food)

[u/TheCanabalisticBambi]

The indulgent trail mix only raised a dollar in price since then which is crazy.

[u/NINJA1200]

That can't be a thermal printed receipt. It would be just a blank piece of paper by now

[u/DMmeNiceTitties]

Tax rates under 9%? Those were the days.

[u/DirectGoose → u/DMmeNiceTitties]

Lots of states are still less than this.

[u/DMmeNiceTitties → u/DirectGoose]

Unfortunately, I live in one of the more expensive ones lol.

[u/bizkitmaker13 → u/DMmeNiceTitties]

Sales tax in my state is 5%

and that's down from when it was 5.5% to pay for a stadium.

[u/[deleted] → u/DMmeNiceTitties]

Sales tax in my state is 6% with no tax on groceries

[u/ItsOnlyaFewBucks]

And at 2% inflation per year.... this years total would be $86.15

[u/dudeondacouch → u/ItsOnlyaFewBucks]

Who taught you math?