ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Someone shared what $70 worth of groceries gets you in San Francisco — it's worse than you think

Several people from other countries were surprised to see what the image of the user's grocery basket revealed.
PUBLISHED 17 HOURS AGO
Young woman pushing trolley in shelf aisle to buy discount groceries in supermarket | Image Source : Getty Images | Photo by freemixer
Young woman pushing trolley in shelf aisle to buy discount groceries in supermarket | Image Source : Getty Images | Photo by freemixer

The way Americans continue to struggle with high rent as well as prices of food and everyday essentials despite inflation has cooled down indicates how bad things were a couple of years back. Bringing back memories of a gloomy period, one Reddit user u/IMovedYourCheese shared what groceries worth $70 looked like in the most expensive city in the U.S. in 2022 and users found it surprising.

A fancy grocery store with fresh produce - (Image source:stock photo/Getty Images)
Picture of a grocery store with fresh produce - (Image source:stock photo/Getty Images)

Grocerie Baskets Amidst Record-High Inflation

As the user further clarified in the comments, the most expensive American city back in 2022 was San Francisco. The rising food costs back then gave rise to a challenge called a "$70 weekly grocery budget haul". Under this, people on social media shared how they made it through the week with $70 worth of groceries. While the post shared on Reddit did not mention anything about the challenge, it did show what $70 could buy for a household back then. The picture indicated that even in the most expensive city in the U.S. there was a significant amount of groceries one could afford for that price. 

The user had bought several bags of fresh fruits and vegetables, some packaged lettuce, parmesan and feta cheese, a large pack of chicken drumsticks, packaged shrimp, several cans of beans, and a carton of eggs. Despite the inflation rate, Redditors believed that it was a lot of food for $70. Most users claimed that in their country/city, it would cost a lot more to get the same items. "I’m honestly surprised. I’m in the East Bay and I think this would cost a whole lot more at our local Whole Foods," wrote u/manatee

Users from overseas also claimed that for that kind of money, the Redditor got a pretty good deal. "That's about 2x more than what $70 gets me in Canada," suggested u/sketchypoutine.  Another user for New Zealand made an elaborate calculation factoring in the price of each item.

While the picture in the post painted a rather positive picture of the grim times, it doesn't undermine the situation Americans lived through. Back in 2022, economists expressed that the U.S. was on the verge of a cost-of-living crisis. In 2022, food prices increased by 9.9%, marking the largest and the fastest surge since 1979. At the same time, the cost of food-at-home jumped by a whopping 11.4%, according to data from the USDA. While inflation has gone down, consumers are still burdened by high costs in 2024.



 

How are Things in 2024?

While the food price inflation has been cooling down for months, consumers are still burdened by the record-high increases witnessed in the past couple of years. While the average increase in grocery prices has been only a cumulative 1.4% between January 2023 and July 2024, an NBC News report noted that economists believe that it could take years for prices to go back to pre-inflation levels.



 

As of July 2024, consumers pay about $0.80 more for a gallon of milk compared to the pre-pandemic levels. Similarly, a loaf of wheat bread costs $0.80 and ground beef is up by $1.62. But the outlier in the grocery shopping list is eggs. The cost of a dozen has doubled to more than $3, this year alone.

MORE ON MARKET REALIST
Several people from other countries were surprised to see what the image of the user's grocery basket revealed.
17 hours ago
The restaurant decided to introduce limits on the distance from which people can place online orders to prevent such fiascos.
18 hours ago
The teenager also mentioned that they haven't told anyone about the winnings and don't know how to hide the cash.
21 hours ago
Gates addressed the strange question during a rare ask me anything session on Reddit.
22 hours ago
Confusion among viewers about Tamara's answer triggered an online outrage against the host Sajak.
1 day ago
Zuckerberg made the surprising comments in response to a Facebook employee's question.
1 day ago
It happened when Sandler was out for dinner with Osbourne and others from the set of "Little Nicky."
1 day ago
The amount that was raised online turned out to be a lot more than what his daughter was aiming for.
1 day ago
The seller knew it belonged to former Guns N'Roses guitarist DJ Ashba, but she had no idea of its true value.
2 days ago
This simple addition to the bill may seem subtle but has a significant impact on customer behavior.
2 days ago
The store owner feels that while the man should be punished for wielding a gun, society needs to help such people.
2 days ago
There were some who even tried to snatch the viral tumblers from other customers including kids.
2 days ago
The reimbursements are part of a settlement for two separate data breach incidents in 2021 and 2023.
2 days ago
The solution will not only be used for long-term lunar missions but will also help communities on Earth.
3 days ago
The seller has strongly advised prospective buyers to thoroughly review his disclosure.
3 days ago
The country music star had a similar experience with a Walmart employee last year as well.
4 days ago
Retirees are also opting for tiny homes to spend their days in a comfortable setting with a lower cost of living.
4 days ago
Other artists have alleged that generative AI tools are enabling the theft of their art.
4 days ago
For now, the couple has opted to pay $2,700 a month as rent in a suburb till the housing market cools down.
4 days ago
These are part of a wider recall that has affected millions of pounds of frozen meat.
5 days ago