Example : The average food inflation increased with say 8% and the average Bitcoin price increased with 15%.
So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.
Topic: Let's compare what we pay for foods and grocery stuff! - page 2. (Read 352 times)
Just a quick question, what does the price of food have to do with Bitcoin? You will have to find a way to edit your original thread to add a reason why this has anything to do with Bitcoin. I would suggest that you draw some kind of link between Bitcoin and deflation and how it might solve inflation problems with fiat currencies.
Example : The average food inflation increased with say 8% and the average Bitcoin price increased with 15%.
So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.
Example : The average food inflation increased with say 8% and the average Bitcoin price increased with 15%.
So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.
I guess in my country Foods are cheaper than US or UK-
I can buy a dozen of eggs in $1
One litre milk would cost $0.65
& 200gm cheese cost $1.77 here.
You can eat healthy food like milk, eggs, chicken, fish for a full month with a cost of just $40-$50
I can buy a dozen of eggs in $1
One litre milk would cost $0.65
& 200gm cheese cost $1.77 here.
You can eat healthy food like milk, eggs, chicken, fish for a full month with a cost of just $40-$50
At some part out there around there would be a better and cheaper price of foods compared to another, the standard of living is different in any ways.
I could get a dozen of eggs for only .80 USD in our place. The seller gives me discounts as I am a regular in their store. The only problem here is that the milk, a liter cost me 1.65 dollars, so I only buy them twice a week and just go for water.
I guess in my country Foods are cheaper than US or UK-
I can buy a dozen of eggs in $1
One litre milk would cost $0.65
& 200gm cheese cost $1.77 here.
You can eat healthy food like milk, eggs, chicken, fish for a full month with a cost of just $40-$50
I can buy a dozen of eggs in $1
One litre milk would cost $0.65
& 200gm cheese cost $1.77 here.
You can eat healthy food like milk, eggs, chicken, fish for a full month with a cost of just $40-$50
Maybe you should add metric equivalents for each item as the rest of the world won't have a clue what a pound or gallon is.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
I'd prefer people post with the currency they used and the size they bought, if it's an obscure or ambiguous measurement then they can specify, like a bunch of radishes or a case of beer.
If people post with their local currency and units of measure they're less likely to make mistakes.
Here are some fast food items I bought today:
McDouble $1.69 + 7% tax ≈ $1.80
McChicken $1.29 + 7% tax ≈ $1.38
Double Quarter Pounder with Cheese $5.59 + 7% tax ≈ $5.98
I should have gotten a big mac, big mac price index style
August 2019
Edit: So, you're only paying $1.31 for 4 liters of milk? That's exceptional.
Maybe you should add metric equivalents for each item as the rest of the world won't have a clue what a pound or gallon is.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
they can just use the google converter if they are having trouble of how much is kg into pound, liters to gallon or local currency to dollar.
also the price point of view will be different for each country you may consider the price cheap but not for some.
Maybe you should add metric equivalents for each item as the rest of the world won't have a clue what a pound or gallon is.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
Where I'm at 4 litres of milk in a major supermarket in the UK, 3.7 litres is a US gallon, is $1.31 but we have decided to destroy our exchange rates.
12 medium free range eggs are $2.03.
The cheese would be $3.37 for a similar weight.
The UK has the cheapest food in Europe by quite a way. I noticed in the US you'd often have to pay way more for quality stuff, but the shit can be cheaper. A lot of the shit is unobtainable in Britain.
I'm opening this thread as a little place where I can see what people are paying for food, what I have paid for food and to maybe come back to it in a year and see if the prices are different. I hope this is on topic as it relates to inflation.
Edit:
That's a big part of why this interests me, if the dollar or any other currencies dive then it'd be obvious and I trust bitcointalk more than other random places on the internet.
Edit End
I don't have any big receipts today but I'll go shopping for some stuff tomorrow, some prices I know by heart.
Prices from Costco receipt:
Milk, whole 1 gallon: $3.09 (no tax where I live on food groceries), USD
Water, 40 pack 16.9fl.oz (500ml): $2.99
Feta Cheese (president brand, so-so quality) $3.99 per pound
Price from recent shopping trip, publix:
Eggs, Medium, Dozen $0.99
Prices above from August 2019, close to the Tampa Bay Area, FL
Edit:
Just a quick question, what does the price of food have to do with Bitcoin? You will have to find a way to edit your original thread to add a reason why this has anything to do with Bitcoin. I would suggest that you draw some kind of link between Bitcoin and deflation and how it might solve inflation problems with fiat currencies.
Example : The average food inflation increased with say 8% and the average Bitcoin price increased with 15%.
So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.
Example : The average food inflation increased with say 8% and the average Bitcoin price increased with 15%.
So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.
That's a big part of why this interests me, if the dollar or any other currencies dive then it'd be obvious and I trust bitcointalk more than other random places on the internet.
Edit End
I don't have any big receipts today but I'll go shopping for some stuff tomorrow, some prices I know by heart.
Prices from Costco receipt:
Milk, whole 1 gallon: $3.09 (no tax where I live on food groceries), USD
Water, 40 pack 16.9fl.oz (500ml): $2.99
Feta Cheese (president brand, so-so quality) $3.99 per pound
Price from recent shopping trip, publix:
Eggs, Medium, Dozen $0.99
Prices above from August 2019, close to the Tampa Bay Area, FL
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