Thread by @bryanvezina

Costco April 2020 through at least November 2020 Flour $6.99.

Same Costco same flour March 2021 $7.29. #inflation in action.

@QTRResearch

Have to get a picture from 2021 next time I remember.

This is April 2020.

April 2021 flour price at same Costco now up to $7.29. #Inflation

Costco flour now price inflated to $7.99 for a bag. #inflation is real.

Now one full year later update from original tracking of Costco flour price in time for the holiday baking season $8.49.

Food has much higher outsized #inflation than headline numbers. $COST

So if Government data tells us pricing is only up 2% and Costco maintains a pretty strict margin requirement, but is showing inflation of 21% with steady gains over the past 12 months who do you believe? Press release or your wallet?

Now as of February 2022 price is $9.99.

Pretty big leap from prior $8.49

Wheat price futures do not indicate a slowdown in the cost of my flour.

https://twitter.com/TheStalwart/status/1498656472242311175

https://twitter.com/spectatorindex/status/1502675791628410892

Ballpark guestimate here, this flour will be $19.99 anytime now.

Which would be an pretty dramatic acceleration of inflation on a rather staple food product.

This is at least the second price increase on this flour in 2022 by Costco.

April 29, 2022 price of this flour is now $10.49.

Another 5% increase. Still don't think we are seeing wheat futures price impact.

April 2020 price on the same brand, quantity $6.99 June 2022 price $11.59.

#Inflation is out of control.

It's outpacing prior price growth on core food staples. #CPI #CPIdata #CPIInflation $COST