this post was submitted on 30 Jul 2023
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Calculate how much more you're spending on groceries (www.theglobeandmail.com)
submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca
9 comments fedilink hide all child comments
 

Tell this calculator roughly what you buy at the grocery store and it will tell you how much more you're spending thanks to inflation.

Apparently I'm spending 29% more than I did in January 2017.

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[–] mPony@kbin.social 5 points 1 year ago (1 children)

"Inflation" my arse.
Handwaving the obvious profiteering on groceries as "inflation" is disingenuous at best. Gasoline has been overprices due to obvious profiteering for years, but all people complain about is the tax portion of the cost (which is significant but not the lion's share of the cost.)

[–] Nouveau_Burnswick@lemmy.world 1 points 1 year ago

Gas tax (before HST) ranges 25.10-48.05 ¢/L

Out the window I see 182.9 ¢/L.

Without HST that's 159.08 ¢/L.

Fuel tax is 32.20, leaving 126.88 ¢/L.

All together, that's 30.6% tax, 69.4% operating and profit.

The 'fun' part is, the more gas prices go up, the less percentage goes to tax.