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U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

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101–110 of 132 posts

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#101

Earlier quoted context omitted.

Time, food variety, and cleanup. Most people don't want the majority of their food to come from an instant pot and they don't want to think about things like grocery shopping. There's a level of skill and management involved in making your own food even if you are talking about extremely simple recipes, and it becomes invisible once you get used to it, but I suspect some people don't have those skills or habits built…

> but I do think it's something that can be difficult even for neurotypical people if they're not used to it. Based on the percent of people who were able to do it before there were fast food restaurants everywhere, I think people will manage to figure it out. The only reason they have not is due to lack of incentive (sufficiently cheap food at restaurants).

> Based on the percent of people who were able to do it before there were fast food restaurants everywhere, I think people will manage to figure it out.

A good lot of the people from that time are dead and they become fewer every day. Meanwhile, their children, who grew up since then, have radically different baseline expectations about what a meal should taste like, how big it should be, how filling it should be, how convenient it should be, etc

It’s very different to recall the habits of a received culture than it is to adopt a new culture that is completely alien.

In some post-apocalypse, of course people will figure this stuff out, but expecting that to happen just because of incidental market relationships in an otherwise healthy economy is a fantasy.

It takes the passion of a wellness geek or absolute desperation to throw away all your preconceptions about how you’ve related to food your whole life. It doesn’t just happen because prices crept up a little here or sank a little there.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#103
post #38

> Real total food spending increased 11.4 percent in 2021 and 3.4 percent in 2022, driven by higher FAFH spending (up 19 percent in 2021 and 8 percent in 2022). Real FAH spending increased by 4 percent in 2021 but decreased by 2 percent in 2022. FAH = food at home FAFH = food away from home So, eating out is killing our wallets. Not really a surprise considering "dollar menu" items at McDonalds now cost $6 and a half…

> I fully expect that over time people are going to start cooking more and cutting back on restaurant visits and the industry is going to take a huge hit because of it. We can hope, but it seems unlikely to me that it would go quite like that. I'm pretty sure that once people are used to budgeting a larger share of their income on food, processed food companies and their retailers will happily soak up whatever gets t…

> I'm pretty sure that once people are used to budgeting a larger share of their income on food...

I think you're wrong starting here. People aren't used to budgeting a larger share of their income on food. They're blowing their budgets, and it's going to stop fairly soon, because they can't actually afford it.

> processed food companies and their retailers will happily soak up whatever gets trimmed from restaurant spending.

If consumers let them, yes. If I'm right (and the GP), consumers won't let them.

> There might be a net savings for those early to transition, but if it becomes a cultural trend, supermarket prices will just creep up to match the customary food budget.

This assumes that there's no competition in supermarkets, and that they are free to raise their prices independently of their costs.

> Restaurants may lose, but food manufacturers and supermarkets will likely claw back the difference before they let it go back to families.

This assumes the same. And, "before they let it go"? You have a very exaggerated sense of how much power and control they have.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#104

Earlier quoted context omitted.

> It's too hard to change habits in the short term I don’t see how. Written and video recipes available for free online. Instant pot and a couple other items cost $100? Time and effort are the remaining ingredients.

Time, food variety, and cleanup. Most people don't want the majority of their food to come from an instant pot and they don't want to think about things like grocery shopping. There's a level of skill and management involved in making your own food even if you are talking about extremely simple recipes, and it becomes invisible once you get used to it, but I suspect some people don't have those skills or habits built…

But, see, almost nobody eats out 100% of the time. So they're going to the grocery store anyway.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#105

Pizza night is $40 now (two pizzas and a breadstick-side), compared to $20 The bucket of chicken meal at KFC is $36 McDonald's combo meals are $11 instead of $6 Lattes seem to be $2 more Still spending almost double a week on groceries than I was 2 years ago

>Pizza night is $40 now (two pizzas and a breadstick-side), compared to $20 Honestly domino's is pretty good and is still $8 for a large carry out. Honestly if you're okay with spending $40 for whatever pizza you like, it becomes redicously worth it to just cook it. Pizza is one of the cheapest foods to make. For comparison I spend 10-20% more over the same time period in Virginia for groceries. It is certainly not d…

Pizza is a blast to make.

I have cealiac's, so gluten free pizza is not cheap. So, I make GF pizza myself. I spend roughly $40 in total, and make 2 great full sized meat lover's pizzas - with everything on it - bacon, pepperoni, prosciutto, salame, cheese, pineapple, onions, peppers, chicken, etc. All in costs are about $20-22 a pie, probably 21-25 if you include large ingredients that are also used for other cooking (olive oil, eggs etc...) which is not cheap but not terribly expensive considering I make it for a group of 4-5 people, so the cost averages out to 10-11 dollars a person.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#106

I have been fascinated by the price of oats recently. The 8lb box of oats I have been buying from Amazon for several years suddenly went from $15 to $32 in July. Paying $4/lb for grain feels excessive given that meat is cheaper than that in most of the country. I went looking for an explanation expecting there to been some huge crop loss, but found oat future prices have been relatively stable at around $0.15/lb. I l…

It also doesn't really make any sense to buy a cheap pantry staple or cereal grain like oats online and have it shipped to you. The base product is so cheap but it's heavy so traditional consumer shipping is expensive (and wasteful/bad for the environment).

There's a very good chance much of that price increase is due to increase cost of shipping. Even if Amazon gives you "free" shipping - they're building that price into the price of the product... They're not eating the shipping cost on a low margin item like a cereal grain.

I can buy organic locally grown oats at my expensive local health food co-op for less than $2/lb...unchanged from years ago.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#107
post #58
post #38

> Real total food spending increased 11.4 percent in 2021 and 3.4 percent in 2022, driven by higher FAFH spending (up 19 percent in 2021 and 8 percent in 2022). Real FAH spending increased by 4 percent in 2021 but decreased by 2 percent in 2022. FAH = food at home FAFH = food away from home So, eating out is killing our wallets. Not really a surprise considering "dollar menu" items at McDonalds now cost $6 and a half…

Constant out-of-home dinning isn't sustainable anyway, unless you massively underpay the staff, which isn't possible when unemployment is low. Hope everyone knows how to cook, at least a little bit. I don't know that we're going back.

The restaurant model, sure, but I'd argue that in theory communal kitchens should be significantly more cost effective than everyone cooking for themselves in their own homes. Plenty of countries and cultures all around the world have made it work.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#108
post #24

I eat a lot of eggs and meat, and their prices are at least 50% higher than last year, not 6%. Inflation measures are such a joke.

Eggs are a solid 70% less than they were last year for me. A dozen is $1.50 compared to like $5 last year.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#109
post #38

> Real total food spending increased 11.4 percent in 2021 and 3.4 percent in 2022, driven by higher FAFH spending (up 19 percent in 2021 and 8 percent in 2022). Real FAH spending increased by 4 percent in 2021 but decreased by 2 percent in 2022. FAH = food at home FAFH = food away from home So, eating out is killing our wallets. Not really a surprise considering "dollar menu" items at McDonalds now cost $6 and a half…

I can think of at least one reason “FAFH” would grow when comparing 2021 to 2020 and 2022 to 2021.

Re: U.S. Consumers Spent More on Food in 2022 Than Ever Before (Inflation Adjusted)

#110

Earlier quoted context omitted.

> but I do think it's something that can be difficult even for neurotypical people if they're not used to it. Based on the percent of people who were able to do it before there were fast food restaurants everywhere, I think people will manage to figure it out. The only reason they have not is due to lack of incentive (sufficiently cheap food at restaurants).

> Based on the percent of people who were able to do it before there were fast food restaurants everywhere, I think people will manage to figure it out. A good lot of the people from that time are dead and they become fewer every day. Meanwhile, their children, who grew up since then, have radically different baseline expectations about what a meal should taste like, how big it should be, how filling it should be, ho…

I disagree. After a few missed meals, people will be willing to try all different kinds of food, even if they have to put a pot or pan on the stove. That’s just biology.
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