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 OCT 27, 2024
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
The player named Kathy Young missed out on the Showcase Showdown as she had to leave.
1 hour ago
Harrison closed a mega deal by scooping up three post cards for the price of one.
2 hours ago
The guest who brought his father's prized possesion, had already made up his mind.
5 hours ago
Harvey got a genius solution to avoid asking an awkward question to Carson Kressley's family member.
1 day ago
The player could barely control her excitement as she had a near-perfect game on the show.
1 day ago
Harrison knew it was too good of a collection to let go, and he decided to raise the stakes.
2 days ago
The guest who had little no idea about his family heirloom was shocked to know its significance.
2 days ago
Despite making a higher than usual offer, Harrison failed to close the deal.
2 days ago
The guest regretted that she wouldn't be able to keep the highly valued item in her home anymore.
2 days ago
They also triggered a showdown between Mark Cuban and Daniel Lubetsky before closing the deal.
3 days ago
As Heather took a second to solve the final puzzle, Seacrest admitted she made it look easy.
3 days ago
Carey suffered a similar snafu a few months ago while playing the same game of 'Bullseye'.
4 days ago
Fans also share some tips that could've helped Bain win the bonus round but it was too late.
4 days ago
Emily Croke coincidentally got the question related to her great-great aunt, Emily Folger.
4 days ago
Luckily for the veteran host, no one in the studio caught the mistake on time.
4 days ago
The executive producer of the show, Michael Davies later apologized for the spoiled show.
4 days ago
Even the seasoned expert was stumped by the unusual subject of the painting.
4 days ago
In the end, Mr Wonderful cut off Greiner with a deal that the founder of Wad Free couldn't refuse.
5 days ago
Seacrest got geniunely spooked as he couldn't figure out who played a prank on him.
5 days ago
The seller brought some "Secret Service" memorabilia of former Attorney General J. Howard McGrath.
5 days ago