Food and energy cost are getting higher!

avatar

Making a person choose between feeding their family and paying the water bill, or the electricity and gas bill, or paying rent is criminal!

That is terrible! There is only so much money going around!

Make a list of your expenses and write them down. Figure out what the real cost of everything is!

Take a look at these.

Source of photo


Historical Inflation Rate for the U.S.

In the United States, the Bureau of Labor Statistics publishes the Consumer Price Index (CPI) every month, which can be translated into the inflation rate. The following is the listing of the historical inflation rate for the United States (U.S. dollar) since it is available.


Source: https://www.calculator.net/inflation-calculator.html




Here's what's happening to utility cost.

Source: https://www.doxo.com/insights/how-much-do-utilities-cost-for-the-average-us-household/

The increase that is affecting millions of people, straining household budgets and jeopardizing home health and safety, especially among low-income families, is caused by a number of circumstances, including the invasion of Ukraine, the pandemic, and climate-related occurrences. The largest rise, of 44% from the previous year, was recorded in fuel oil, which is still a significant source of home heating in the northeast but less so in the rest of the US. Since it is a petroleum product, its movement resembles trends in gasoline.

Source: https://www.theguardian.com/us-news/2022/mar/13/us-utility-bills-energy-prices-increase

Let's look at gasoline prices.

Gas prices in 2022 are significantly higher than the five-year national average, reaching $4.99 per gallon the week of June 16, 2022, a week in which Californians paid an outrageous $6.43 per gallon.

The current national average of $3.76 per gallon is more than the average price of petrol since 2018: $2.89 per gallon, even though it is a long way from the peak in 2022 of $4.99 per gallon. As a result, the price at the pump in 2022 will be approximately $0.87 higher than the national five-year average.

Source: https://www.finder.com/gas-prices

What about food?

Source: https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/#:

The level of food price inflation varies depending on whether the food was purchased for consumption at home or away from home:

  • The food-at-home (grocery store or supermarket food purchases) CPI increased 0.6 percent from August 2022 to September 2022 and was 13.0 percent higher than September 2021; and
  • The food-away-from-home (restaurant purchases) CPI increased 0.9 percent in September 2022 and was 8.5 percent higher than September 2021.

In 2022, food price increases are expected to be above the increases in 2020 and 2021. In 2022, all food prices are predicted to increase between 9.5 and 10.5 percent, food-at-home prices are predicted to increase between 11.0 and 12.0 percent, and food-away-from-home prices are predicted to increase between 7.0 and 8.0 percent.


Food prices are expected to grow more slowly in 2023 than in 2022, but still at above historical average rates. In 2023, all food prices are predicted to increase between 3.0 and 4.0 percent, food-at-home prices are predicted to increase between 2.5 and 3.5 percent, and food-away-from-home prices are predicted to increase between 4.0 and 5.0 percent.

Source: https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=76961

Unfortunately, they only have the 2021 prices. Simply plug in the inflation rate for 2022, that will giver you a ballpark figure.



(GETTY IMAGES)
Food and energy costs
are going to get higher...
not lower!
Do not wait until it is difficult for you
because you are further in debt.
Do something about it now!

😍#ilikeitalot!😍


Gold and Silver Stacking is not for everyone.
Do your own research!

If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!



Best Regards,

@silversaver888

I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.
All photos, gif, and video were taken by me with my iPhone, unless specified.

Thank you for stopping by to view this article.

I hope to see you again soon!

Hugs and Kisses 🥰🌺🤙!!!!



I post an article daily. I feature precious metals every other day, and on other days I post article of general interest. Follow me in my journey to save in silver and gold.

@silversaver888



0
0
0.000
57 comments
avatar

The financial situation that is being experienced in a large part of the world is critical, dear friend @silversaver888 my country Argentina is very bad economically
I appreciate you sharing all this information.

0
0
0.000
avatar

So glad I did so much traveling while it was still affordable. Road trips would be out of the question for me at these prices.

And food prices! I'm certainly glad my kids are grown and my grocery costs are for 1 and not for a family of 5! I don't know how people do it.

0
0
0.000
avatar

Oh yes! Imagine feeding a family of five. It is a challenge as all prices are going up. People must simplify their lives during the holidays!
!LUV 🤗
!LADY 😍🌺🤙

Posted Using LeoFinance Beta

0
0
0.000
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 133 of my contest just started...you can now check the winners of the previous week!
!BEER
11

0
0
0.000
avatar

The situation that is being experienced is terrible. The central banks have been sowing inflation for years and now they are picking it up suddenly. We must help each other to get out of this terrible situation.

0
0
0.000
avatar

It is indeed crazy around the world, how much changed in the last few years.
Some can’t afford to pay rent, food or their debts anymore.
It will get even worse, like you said.

Have a wonderful Tuesday @silversaver888 👋🏻😊
!LADY 🤗🥰🌺🤙🏻 Bigg hugg

Posted Using LeoFinance Beta

0
0
0.000
avatar

Good evening, @Littlebee4.
It's really crazy!!!! How did we get here?

Yes, it's Tuesday evening, but very late!
!LADY 😍🌺🤙

Posted Using LeoFinance Beta

0
0
0.000
avatar

Good day to you @silversaver888 👋🏻😊

Yep, no idea… but mainly wrong decisions of people…

Hope you day is going well. It’s 17:30pm here now.
And getting dark.
Enjoy your day further 🤗🤗 Bigg hugg
!LADY 🤗🥰🌺🤙🏻

Posted Using LeoFinance Beta

0
0
0.000
avatar

With the Federal Reserve constantly printing money with the Mint, and a horrible president that doesn't care about our economy... We need to find better avenues to protect our wealth.

0
0
0.000
avatar

Everyone has their own ideas on how to protect their wealth, and I'm sure you have your own ways. That is good!!! Save some of that money too!
!invest_vote

Posted Using LeoFinance Beta

0
0
0.000
avatar

Ms. Saver @silversaver888

!LUV

0
0
0.000
avatar

Then there are Taxes! 🥴
You know that's my biggest pet peeve Sis.
My municipal Taxes on my home have gone up over 10%, the mill rate was 2% but it now all the added new levies, fees, surcharges etc were piled on top of that.
And the same clowns get re-elected.
Sorry that I bought this up.

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

Ms. Ravenhill @kerrislravenhill
Just Because You and Ms. Saver enjoy seeing Vintage Silver Bars. A friend of mine showed this 1950's Silver Bar to me Today when I was at one of my LCS's..........
He told me that he paid $3000.00 for it.......
Nevada Silver Co.
You know that Nevada is the Silver State........ Very Cool Piece

005.jpg

006.jpg

!LUV

0
0
0.000
avatar

Taxes are generally higher in Canada, and it seems that you are working just to pay for taxes 🥴. But I think the programs dealing with health, education, unemployment, family and child assistance, as well as old age, disability, and survivors' benefits and likewise better.
Hugs and kisses, sis 🤗
!LADY 😍🌺🤙

Posted Using LeoFinance Beta

0
0
0.000
avatar

Everything has gone up... a lot !

I also don't know how folks that are raising families are getting by.

At this time, as long as my job holds out, I am good. I make more than my necessities are and I don't owe any extras. My job appears solid, but you truly never know what is going on behind the scenes and many folks have gotten rude surprises regarding their jobs through the years, so there is never a guarantee no matter how solid anything looks.

I am remembering to be thankful every day.

0
0
0.000
avatar

Sadly, they do not include the cost of fuel, food or housing in their inflation rate, so it's really much, much higher than their table indicates. It is going to get worse before it gets better. Folks need to think about how to survive this and stacking and saving, even if it's just a little, will help.

Thanks for sharing sis and much love to you!🤗😘💞🌸 !LADY

0
0
0.000
avatar

People need to address the recession and how it affects them individually now, while they can.
Hugs and kisses, sis 🤗
!LADY 😍🌺🤙

Posted Using LeoFinance Beta

0
0
0.000
avatar

I was shocked today @silversaver888 , we were shopping at the local grocery store, and I saw cans of soup that were priced at almost 5 dollars each!!!
Soup!!!😳
And they are quoting inflation between seven and nine % Lol............🤔

0
0
0.000
avatar

Yes, and it is not just food. It's everything.
!PIMP

Posted Using LeoFinance Beta

0
0
0.000
avatar

It is everything @silversaver888 .......... And yet I see the grocery stores packed, and most people don't seem to complain about higher prices......🤔

0
0
0.000
avatar

I think it's ridiculous that with all the technology and resources available we can't provide basic needs for all humans, I believe food, clean water , shelter and education should be human rights, folks should not have to starve or live on the streets

0
0
0.000
avatar

!HBIT

Posted Using LeoFinance Beta

0
0
0.000