Prices have inflated so much over the past 10 years that a $20 bill buys as much as $5 did back then.

    • surewhynotlem@lemmy.world
      link
      fedilink
      arrow-up
      9
      arrow-down
      1
      ·
      3 hours ago

      That’s just as wrong as OP. You need to use the Subway metric.

      Five Dollar Footlongs ended a decade ago. Now they’re 11-17$.

    • wonderingwanderer@sopuli.xyz
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      3 hours ago

      Relative to what? Gold? British Pounds? Crude oil?

      All measures of value are relative; they only mean anything based on their value relative to other things.

      Commodity prices might drop significantly when an economy crashes and there’s low demand (look at the price of soybeans in 2025), but consumer prices either stay the same or continue to rise (didn’t see your grocery bill shrink when commodity prices dropped, did you?)

      Economists might measure the value of the USD against high-level metrics such as commodities and precious metals, but what matters to the average person is the value of the USD relative to consumer prices.

      Maybe technically the USD only increased in value by $1.85 in ten years, but if the cost of bread or toilet paper or a meal at a restaurant doubled or quadrupled in that time, then really the value of the dollar dropped significantly as far as the consumer is concerned.

      • butwhyishischinabook@lemmy.world
        link
        fedilink
        arrow-up
        0
        arrow-down
        1
        ·
        edit-2
        2 hours ago

        The cost of bread, toilet paper, and restaurant meals for the average American may have increased significantly more than $5 -> $6.85, but I promise it hasn’t literally quadrupled. Things are unacceptably bad but this isn’t Turkey yet. Do you have any indication that for the average American the average purchased good has quadrupled in ten years? The responses here are almost as unhinged as the takes over in MAGA world. This is insane.

        • wonderingwanderer@sopuli.xyz
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          2 hours ago

          I’ll allow OP a little bit of hyperbole to get their point across; this is an internet forum, after all, not a peer-reviewed journal…

          • butwhyishischinabook@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            1 hour ago

            It’s not a little bit of hyperbole, I literally linked to a calculator that uses the Consumer Price Index. OP’s claim isn’t even vaguely in the realm of the actual consumer price increase.

            • wonderingwanderer@sopuli.xyz
              link
              fedilink
              arrow-up
              1
              arrow-down
              1
              ·
              45 minutes ago

              My point is that those high-level macroeconomic metrics are completely divorced from the financial realities of ordinary people.

              If you think the cost of living has only risen slightly relative to the buying power of the average wage-earner, then you must be sheltered and insulated by having wealth and income levels that are well-above average.

              • butwhyishischinabook@lemmy.world
                link
                fedilink
                arrow-up
                1
                ·
                7 minutes ago

                No, I’m extremely heavily laden with debt and barely getting by in one of the most expensive areas of the country, but good try. I get that the CPI isn’t perfect, but there is literally no data from any source indicating that we have experienced 400% price increases, generally speaking, in the last 10 years. You’re just going on vibes, selective memory, and anecdotes and you’re giving ammunition to fascists who try to discredit us by pointing to people like you and saying “see? These people have no tether to reality. Look at any actual statistics and you’ll see they’re wrong.” People like you make us look bad and made uninformed people incorrectly believe that both sides of the political divide are lying and living in their own delusional reality. Do better.

    • Grail@multiverse.soulism.net
      link
      fedilink
      English
      arrow-up
      52
      arrow-down
      4
      ·
      edit-2
      13 hours ago

      I don’t believe you.

      Many inflation metrics are based on a “basket of goods”. Let’s say a basket of goods in 1990 is a month’s rent, a new TV, a month’s groceries, three outfits, some toys for the kids, a digital camera, and a porno magazine.

      In 2026, people can barely afford rent and groceries. People aren’t buying a basket of goods. They’re downloading their porn for free. The comparison is flawed.

      • Scubus@sh.itjust.works
        link
        fedilink
        arrow-up
        20
        arrow-down
        1
        ·
        4 hours ago

        Yeah, even ignoring that, theres no way that claim is valid. The price of food here has over doubled since 2019. I used to work at a store during that time and got a burrito every single day, after tax it came to $1.03. Now, at the same store, same burrito, it cost $2.46 after tax. My $3 box of snack cakes comes to $5 now, cigarettes have almost trippled, and my rent has almost doubled since i moved here in 2020. Almost everything here is at least twice as expensive as it was in 2019, and my wage has only gone from about $9/h to about $12/h. I even have pictures of price tags from then, once i find them ill upload then/now pictures of the price tags.

        • BussyCat@lemmy.world
          link
          fedilink
          arrow-up
          5
          arrow-down
          1
          ·
          4 hours ago

          The price of specific items has doubled

          Rent, which has outpaced inflation had a national average of $1149 in 2019 and was $1650 in 2025 in order for average rent to have doubled you have to go all the way back to 2007ish

          Instead of tracking a burrito, track how much 1lb of chicken cost or bananas or broccoli

          • butwhyishischinabook@lemmy.world
            link
            fedilink
            arrow-up
            2
            arrow-down
            1
            ·
            2 hours ago

            No, instead let’s base our economic reality on pure vibes and the most extreme, specific examples we can personally remember 🙄

      • Lost_My_Mind@lemmy.world
        link
        fedilink
        arrow-up
        39
        ·
        14 hours ago

        Subway argued in court that “Footlong” is a trademarked brand, and does not mean it’s 12 inches. Then they argued that the average consumer would KNOW this, and not be confused by these terms.

        Footlong is a subway branded term for their bigger sub. Foot long is a generic term that means one foot long.

        Yes, that’s real. I’m not joking. They legitimately did this. Just like Fox News argued in court that their station is NOT a news network. It is an entertainment network, presenting purely opinion based stories. As such, they have ZERO obligation for their stories to contain even a shred of truth or fact to their stories. And “Fox News” is a branded term, not relating to, or presenting factual news reports.

        On a related note, would anyone like to buy “Bigger Penis Pills”? I mean, it’s just condensed sugar in tablet form. But I’ve branded it as “Bigger Penis Pills”, and selling it for $100 per pill.

  • over_clox@lemmy.world
    link
    fedilink
    arrow-up
    19
    arrow-down
    4
    ·
    14 hours ago

    Gasoline price is about the same and the price of noodles hasn’t gone up much. But the price of rent and weed has skyrocketed, so…

    🤷

    • Lost_My_Mind@lemmy.world
      link
      fedilink
      arrow-up
      15
      ·
      14 hours ago

      New plan. Cars that run on noodles!

      Wait, gas prices didn’t go up. That makes no sense…

      Ok. Houses made out of noodles, and we’ll all smoke gasoline!

    • db2@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      13 hours ago

      and the price of noodles hasn’t gone up much

      From 8.3 cents per package to 33.3 per seems like a jump that qualifies as “much”. And if you get it on scamazon it’s 62.9 cents per.

      This is based off the cost of a 24 pack of Maruchan chicken ramen packets.

      • over_clox@lemmy.world
        link
        fedilink
        arrow-up
        5
        arrow-down
        1
        ·
        13 hours ago

        I won’t lie, I haven’t really kept up too much with the price of noodles over the past decades, but I loosely recall them going for somewhere around 18 cents a pack back around 10 years ago.

        Yeah, even those numbers don’t sound wallet happy, but hey, at least we don’t have to worry about pennies anymore, so of course everything rounds up right?

        Fuck. ☹️

      • wonderingwanderer@sopuli.xyz
        link
        fedilink
        arrow-up
        2
        arrow-down
        1
        ·
        2 hours ago

        Ah yes, people no longer going to jail over a flower to be exploited for slave labor and lose all future job prospects is such a scam 🤷‍♀️

        • brooke592@sh.itjust.works
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          2 hours ago

          It’s not that its legal; it’s the legal market.

          Everyone buying their weed legally is getting scammed to high-heaven.

    • burrito@sh.itjust.works
      link
      fedilink
      arrow-up
      7
      ·
      13 hours ago

      Depends on where you live. I can get an ounce of weed, 28g for you people with better measurement systems, for $22-50 and I have a large variety of strains to choose from.

      • wonderingwanderer@sopuli.xyz
        link
        fedilink
        arrow-up
        1
        ·
        2 hours ago

        If your ounce weighs 28g, you got shorted 2g…

        I guess for that price it doesn’t really matter, but it’s about the principle!

      • over_clox@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        1
        ·
        13 hours ago

        Thanks homie, but I had to spend my lunch money on tires and rent. At least beer and cigars are still cheaper than a bottle of water here, so… 🤷

  • brooke592@sh.itjust.works
    link
    fedilink
    arrow-up
    8
    arrow-down
    11
    ·
    edit-2
    6 hours ago

    Becoming dependent on fiat currency was one of the dumbest things the boomer generation did to us.

    They really loved giving as much power as possible to as few people as possible, for some reason.

  • jeffw@lemmy.world
    link
    fedilink
    arrow-up
    5
    ·
    edit-2
    14 hours ago

    Ye olde halfpence is now a nickel!

    definitely someone a few hundred years ago

    • HakFoo@lemmy.sdf.org
      link
      fedilink
      arrow-up
      3
      ·
      12 hours ago

      During thr gold-standard era, 1GBP was around 5USD, but a halfpenny was 1/480 of a pound, so a little more than a cent. The large-format cents issued up to 1857 were similar in size to the halfpennies of the late 1700s.

    • reddig33@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      4
      ·
      14 hours ago

      Doubtful, considering money back then was pinned to something like gold or silver.

      • foggy@lemmy.world
        link
        fedilink
        arrow-up
        6
        ·
        14 hours ago

        Are you under the impression that this prevented inflation somehow?

        Spoiler: it didn’t.

      • 667@lemmy.radio
        link
        fedilink
        English
        arrow-up
        2
        ·
        14 hours ago

        The US went off the gold standard in 1971 and OP is talking about 10 years ago, so 2016.