You might have heard that we’re on some sort of streak of cooling inflation. And while that is great news, one can only get a sense of the actual figures – food prices climbed 8.5% from March 2022 to March 2023 and keep decreasing only by 0.1% each month – by realizing how much you need to shell out for basic goods in this day and age.
In a viral video that has been viewed over 236,000 times, San Diego-based TikToker shared his bewilderment after doing a quick grocery run. “This is getting out of hand,” Carenstino said in his video. “It’s to a point where people can’t live.” Surely, as you can tell by the popularity of the video, he’s not alone in feeling frustrated about the current economical situation which is far from being how we remember it.
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After doing a quick grocery run which cost $100, this man didn’t hold out from venting his frustration in a viral TikTok
Image credits: carenstino
“This is getting out of hand. It’s to a point where people can’t live. And I just want to show you something. This right here. I just went grocery shopping for very basic things, very basic. This amounted to $100. You’re telling me this is $100?”
Image credits: carenstino
“This is barely anything to feed me for a couple days. Literally just some chicken, eggs, rice, these things, and some juices, body wash, deodorant, some thank you cards and seaweed, $100 for this. Excuse me?”
Image credits: carenstino
Image credits: carenstino
Here’s the viral video in full
@carenstino Im literally shaking from shock… something needs to change #fyp #fypシ #inflation #cantaffordtoeat ♬ original sound – Carenstino
Image credits: Karolina Grabowska (not the actual photo)
While being shaken to the core might sound like an exaggeration for dramatic effect, realizing just how bad inflation was to our all-time favorite groceries begs for such a reaction. Egg prices, for example, increased by an eye-popping 70% over the last year. A loaf of white bread, the staple component of the American diet, was also done dirty by inflation, as it saw its prices climb by 22% compared to 2021. And if you want to see proof of the rising cost of living, then go no further than your local shop’s dairy aisle.
According to CNN, between January 2022 and January 2023, groceries got 11.3% more expensive – the highest yearly percent change since 1974. Compared to the last two decades, when average year-to-year food price inflation was a stable 2%, hearing that grocery bills will keep increasing until the end of the year – although, “more slowly in 2023 than in 2022 but still at above historical-average rates” – doesn’t certainly put us at ease.
However, while we do have the undeniable numbers that things are not improving (and that we might never taste oat milk if things keep going that way), behavioral economists say the so-called ‘inflationary psychology’ also has a play in how much inflation scares us. Meg Elkins, in an article for The Conversation, highlights this notion: “As behavioral economists, we can see the dilemma in warning about inflationary psychology, given the very concept is about self-fulfilling prophecies.”
While Elkins argues that we’re doing pretty fine at the moment, she also highlights that we, humans, are pretty susceptible to panic which can only drive the prices up because, of course, for companies, that only means more opportunities to make a profit.
People thought it accurately reflects how we all feel about grocery prices these days
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The post “I’m Literally Shaking”: Guy Is Bewildered What Little 0 Got Him From A Grocery Store first appeared on Bored Panda.
Source: boredpanda.com