I was wondering how people are currently dealing with inflation in everyday life. Since quite a while now, I found that I have fallen into a habit of excessively looking for discount deals for pretty much everything I buy. I feel pressured every day because prices have ballooned so much.

At first, I only refrained from buying "unnecessary" goods like unhealthy snacks, and instead just go for basic staples and vitamin-rich vegetables. Then I started to cut down on meat consumption due to the high prices, and forced myself to only buy meat that is put on discount at the end of the day as it's about to spoil. And now, I even do the same thing for regular staples like rice or potatoes. It feels imprisoning, distracting and depressing.

So I'm wondering, how are you dealing with inflation? Are you affected in a different way? Or not at all? Any advice on how I could realistically get out of this seemingly endlessly depressing spiral?

In case anyone's interested why I decided to post today: I saw McDonald's popping up in the news these days, as apparently customers don't go there anyone due to their price increases far beyond inflation since 2019. Then, I passed a McDonald's billboard today thst advertised 2 Big Mac Menus + a happy meal for a whopping 30 EUR. The regular prices used to be a fraction of that... Now it's apparently a good deal...

Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.

In the 1960s, America's GDP (per capita) was $3,000.
Also, in 1960, the federal poverty limit was $3,000 for a family of four.

In 2023, the GDP (per capita) was $82,034.
The federal poverty limit for a family of four in 2023 was $30,000.

This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?

People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.

Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.

1960s numbers adjusted if FPL matched 2023's percentage:
GDP=$3,000
FPL=$1,111

1960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000

Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.

I recently looked around at VPS pricing on DigitialOcean, Linode and Vultr. Everything seems much higher than I'd expect - way over the inflation rate. It looks like a 2 core 8GB VPS is being priced between $45 and $60 per month. Maybe I don't remember correctly but I recall being able to get 2 core VMs around $20 a few years ago!

Everywhere I turn everything is more expensive.

I'm spending less and less every month on non-necessities, buying more basic foods, never eating out, spending less on entertainment, etc but everything else just keeps going up and up.

Electricity just went up 12%, my gas bill is up 20%, rent has gone up 10% year after year, water is somehow 30% more expensive than it used to be, my groceries are more expensive than ever even though I'm buying in bulk and not buying anything fancy, I've stopped eating luxuries I used to enjoy like steak and fancy cheese because they've just gotten outrageous.

I have a good job that pays decently but my raises have been less than 3% a year and I feel like I'm getting squeezed out of everything I once had. There's no light at the end of the tunnel is there?

I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks pause the hike cycle sooner.

My knee jerk reaction is if wage growth is contributing to inflation it's minuscule; just enough to print the headline. I can't help but feel this narrative is a way to distract from the earlier price gouging narrative and to help employers scapegoat out of raises.

But I'll admit, I haven't looked into this topic deeply. So I'm happy to be schooled.