What has been the REAL INFLATION in recent years?
See how much the prices of the products I buy on a recurring basis increased from 2021 - 2022 to 2024.📝 Get your money in order with a personalized Financial Plan: https://bit.ly/Planificare-Financiara 👔 Schedule a coaching session: https://bit.ly/Coaching-1-to-1 👨🏫 Sign up for the "7 Steps to Your First ETF Investment Challenge, for Busy People": https://bit.ly/Investitii-in-ETF-uri
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To make this exercise as relevant as possible, I thought that, in addition to grocery shopping, I would also calculate the evolution of prices for home-ordered food, and utilities and recurring services. Because, in my case, these three grouped together would represent the bulk of my non-discretionary monthly expenses.
To calculate how much the products I frequently buy from Kaufland have increased in price in recent years, I went into the app and wrote down their prices from June 2021 to December 2022 in a Google Sheets file.
Then I went the other way around. I searched through receipts for how much I paid for the same products in 2024.
With this data available, I calculated how much each product had increased in price during the analyzed period. And then I calculated what price increase I should have expected according to official data.
The second category of expenses I focused on was food ordered at home.
Similar to what I did with food expenses, I went into the Glovo app and wrote down the 2022 prices of the products I ordered then in the file.
The third category of expenses we looked at was utilities and recurring services. Here, the only relevant utility bills were water and mobile phone service.
Also under recurring services, we included streaming subscriptions.
⏲️ TIMESTAMPS ⏲️
00:00 - Intro
01:40 - How we calculated food price increases
05:50 - How we calculated food price increases ordered at home
06:53 - How much utilities and recurring services have become more expensive
08:44 - Conclusions of the experiment
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