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<blockquote data-quote="Jimi77" data-source="post: 8886721" data-attributes="member: 673702"><p>It's all sorts of weird data. The milk stood out to me. The 2020 commodity price was $3/gal, but I was routinely paying $2/gal, so the commodity price for that product has nothing to do with price in the store. </p><p></p><p>This is a more useful chart. And surprise, surprise, we can see the wholesale price of milk does indeed almost double (jan/21 - Jul/22) and I sure as heck saw that at the checkout lane. Did wholesale prices of milk drop down after the Jul/22 peak? Sure did. Did the retail price of milk at the store go back down? I think you'd be hard pressed to find somebody that says retail milk prices dropped ~25% in the past 2 years. </p><p></p><p>[URL unfurl="true"]https://ycharts.com/indicators/us_milk_spot_price[/URL]</p></blockquote><p></p>
[QUOTE="Jimi77, post: 8886721, member: 673702"] It's all sorts of weird data. The milk stood out to me. The 2020 commodity price was $3/gal, but I was routinely paying $2/gal, so the commodity price for that product has nothing to do with price in the store. This is a more useful chart. And surprise, surprise, we can see the wholesale price of milk does indeed almost double (jan/21 - Jul/22) and I sure as heck saw that at the checkout lane. Did wholesale prices of milk drop down after the Jul/22 peak? Sure did. Did the retail price of milk at the store go back down? I think you'd be hard pressed to find somebody that says retail milk prices dropped ~25% in the past 2 years. [URL unfurl="true"]https://ycharts.com/indicators/us_milk_spot_price[/URL] [/QUOTE]
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