And before you ask: No, it's not because we switched from buying prepackaged/processed food to raw ingredients. We just order-out less.
Some of it might have to do with the fact that I live in Chicago, a major logistics hub, in a middle class neighborhood that has price-sensitive consumers and multiple major grocery stores.
Oats, deli meat, fruit, pasta, that's about it. Canned beans have gone up a little, maybe butter too.
The biggest factor for us is changing what we buy, not prices. Buying less alcohol and fewer pre-packaged foods has made a huge difference in our grocery bill.
I have tracked prices as well, and for me meat has gone 15%-20% up for chicken and pork, and over 30% for red meat.
I was tracking meat in the same places (Trader Joe, and Target) from late 2019 to now.
A normal steak, went from $10-$11/lbs to $15 or more
The cheapest one, went from $7.99 to $10.99/lbs
And file mignon went from $17 to $23-$25/lbs
Regular Chicken brseat went form $3.99 to $4.99/lbs, and organic one went from 4.50-5.0 to $6/lbs
We haven't seen the claimed inflation here.
https://www.kroger.com/p/simple-truth-organic-grass-fed-beef...
But you do mention travel and eating out. I think you would find if you tried to do the same amount of travel and eating out that you used to do, you would notice that you're getting less for your money than you used to in lots of little ways.
Sure, now that travel restrictions are causing less uncertainty and demand is ramping up, this might not be repeatable. Perhaps hotels are skimping, not sure as we stayed with family. Either way, there's always some subjectivity in use cases and that can easily tilt the scale one way or the other.
Our supermarket expenses are the same as before, even slightly smaller. Our rent is the same although our landlord legally could have raised it if he wanted to.
All in all, we spend less money than before because:
- we don't commute, - we barely eat out, - we buy less clothes when staying home, - we travel a little less.
The last big purchase we made was a flat screen TV. It costed less than the 10 year old TV it replaced but is so much better.
Electricity and heat have gone up. That's all I see in our budget that has gotten more expensive.
There are purchases we haven't made because they are stupid expensive at the moment: We don't buy shares, we are postponing buying a house, and we have been postponing changing our car. I would have liked to buy a new laptop, but the specs of the new ones look like the 4 year old I have, so it feels wrong.
Could it be that we just have higher prices on some items and assets and that the CPI and mainstream economists are generally correct?