Bitcoin Forum

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

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.

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.

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.

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

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.

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%. <Year on Year>

So, if the average Bitcoin price increase is higher than the average food inflation, then it could be seen as a inflation killer.  :P

Milk, 1L :                                   1.2 Euro
Water, 6 bottles of 1,5L:              1.4 Euro
Feta Cheese:                              8.66 Euro/kg
Eggs, medium, dozen:                 2.7 Euro


I can guess that my country is more expensive than the US....

Honestly I don't know the prices of grocery items,only I remember the price of coke pets and tins. :D

So lets leave it here,I bought a case of normal coke for $12 which contains 24 cans means $0.50 per can.

I had actually typed it up and then deleted it. Yeah, it has to do with inflation, but I want to see numbers from many people people and places and also have my numbers saved somewhere (because I know I can at least trust that).

I'll edit in something like that in the OP, thanks for pointing it out. 

I might just add your quote there though.

 I think this is toeing the line between on-topic and off-topic but if I believed it to be off-topic I would have posted it there to begin with, I think it belongs here. Then again that makes my reply only tangentially related.

In my country, I think things are a little bit more expensive than yours, and I think you will be able to have more money to save than in my own country, basically because we don’t produce, we virtually import everything that we use even to smallest of it all which is toothpick.

Take for example our milk, we don’t use gallon that much because when it comes to gallon, I guess you are talking of liquid, the ones we make use of are all these powdered milk and I think that;
500g of powdered milk is 2.6 dollars
Water 24 pieces per pack @ 5ocl per 1 = 3.2 dollars
24 pieces of eggs makes a crate and the crate is being sold for 3.2 dollars also. These are still fare compared to other commodities that are highly inflated.

That means that you have reached financial independence and you do not even notice the prices of the products that you purchase  ;D

Since I live in the same country, I would imagine the prices I'd pay (if I bought any of those items, which I don't) would be the same.  Maybe a little more, since the cost of living--as far as I know--is lower in Florida.  I know gas prices are definitely lower, as are cigarettes.  Plus there's all that free sunshine and warmth....man, I hate where I live.

I'm curious as to how much things cost in Europe relative to the US, especially petrol, or gas as we call it in the states.  And yeah, we don't use the metric system here.  That drives me nuts.  It's always been a pet peeve of mine that there are so many different units of measurement around the world. 

It would be nice to know what country you're living in, but I do understand that some people don't like to disclose that.

These prices would change country to country because some stuff cheaper in other countries are cheaper because people who live in those countries spend a lot less but earn a lot less too so it wouldn't make sense to compare other countries as well.

For example, in my country milk is 1 dollars and water is 40 cents, eggs are about close for some reason :D but as you can see we are not even remotely close and quite cheap but I do not make remotely close amount neither, for example rent in my country is almost always around 500 dollars for great places and 100 dollars for horrible places, in USA there are ones for 500 dollars for sure but there are 10 thousand dollar ones too for rent (California for example) hence I doubt it would make the same amount of sense to compare spending if you do not put the earning neither, I would say put your salary in as well or compare the products with how much % of your salary it takes to really compare.

Don't be jealous of Florida despite of what you might have heard. About 6 months out of the year the combination of humidity and heat makes it a drag to be outside. I assume that's true in most of florida.


I'd prefer to live out west where I can go up a mountain and away from all the people, somewhere like Colorado.

There are some nice places if you're going on vacation here, the freshwater springs would be my favorite thing some of them are very deep and I like to try and swim to the bottom. But living here? No way.

Gas is around $2.25 at the cheaper places around here, like Costco and Sam's add about 15 cents per gallon for the Shells and wawas and probably more for all the other ones.

For those outside the US, Costco and Sam's club are stores where you have to buy a membership to shop, but you end up saving money pretty quickly depending on what you buy. They don't always necessarily have the best prices either.

I got Pork Shoulder, country style ribs, boneless skinless, really nice cuts at $1.99 per pound there, that's a really good deal around here.


Lemons at my area cost 3 for 1$ at the cheapest place
at Publix they are currently $0.67 per lemon 3 for $1.89
August, 2019

I wish I had lemon trees like where I used to live.

I haven't been keeping tabs on how much we spend day to day but my estimate is that the minimum we can spend a month on food would be $60, assuming $0.96 per meal for two people. Inflation is lower than same month last year though the prices can jump wildly from quarter to quarter but I haven't seen it above 5%. I think bitcoin prices still overtake it.

We don't have to do any price comparisons to conclude that in 5 or 10 years everything will be more expensive then today, inflation is inevitable, money is losing value and the price of goods and services is rising.

I live in Europe and most of food / drinks which I buy regularly go up in price from 30% to more then 200%. For example price of banana is go 100% up, and pack of fried sunflower seeds is go 4x up in same time. It is not same in whole Europe, but some governments are clearly not taking enough care of the welfare of their residents.

I buy today 2 L of milk, but not that white water which they call milk today for some €1,30 (buying directly from farmers), and some fruit also - plums for €0.90 kg, and local fresh apples for same price. I avoid shopping in stores, food is more expensive and the quality is pretty bad compared with products which are not manufactured in industrial production.

I am living in a country where most of the prices are nearly cheaper than the value mentioned in OP.

The only expensive thing here is my country is fuels,we are paying $1.30 for a litre of petrol it it keep increasing gradually day by day in very small unit.

Thank you for destroying this system. Not all guys here live in the USA. As for me, I am the happy one, who never buys water as it is clear here simply. As for the prices for the other products mentioned in the list, I am surprised but we have to pay exactly these sums that are called.
However, taxes are too high here, and it is better to go to the market than to the store.

You know we generally have to pay a few more while buying using bitcoins.

I  think the reason we have to pay more when it comes to bitcoins is : *We have to narrow it down to the closest integer and we all know how hard it is for companies to actually loose any penny of profit , so we usually go on the our side*

*Maybe companies take into account the price it would take them to encash bitcoins thus they generally charge more so as to properly let their things slide*

Where do you live ?
That price of 60 dollars is the lowest I have seen and I wonder in what country are you living.What is the average and minimum salary?We need to take into consideration quite a few things and then see what the actual cost of foods and grocery stuff is.

Eeeek. I just realize what I posted, must be groggy when I made my comment. $0.96/meal would be $2.87/day so that's $86.21/month per person. The daily minimum wage is around is $10 so that's about $229/mo. $1 is about the price of the cheapest rice meal at a McDonald's so it can still get cheaper if you try to eat in the small mom & pop shops.

Since my partner and I doesn't have a kid yet our daily expenses would just be around 80 Php each meal.
It is around $4-5 per day.
The price for 1 vaind would be around 40-50 Php ($1) and 1 order of rice would be 10 Php ($0.19).

I know that BitPay for example charges an extra fee for paying with Bitcoin, but that's more related to their anti Bitcoin stance. Bcash payments don't require a single penny in extra fees. It's a disgusting form of marketing.

I have actually seen some merchants offer discoints when you use Bitcoin as payment option. It helps them not pay the 3-4% credit card fees, and a part of this cost saving is offered to you as discount.

Overall, most merchants use a payment gateway to do the conversions so that they aren't exposed to the volatility themselves. People here don't like centralized payment gateways, but they offer a very useful service to merchants.

Me neither, however, some stores are nice enough to publish them on the daily basis. I know for my country that Lidl does that (https://www.lidl.ro/sortiment/preturi) (unfortunately you have to understand Romanian for that).

Milk, 1L, 3.2% :                          0.82$*
Water, 6 bottles of 1,5L:              3.5$*
Cheap Water, 6 bottles of 2L:       1.76$*
Salted Cheese, 400g:                  2.03$*
Eggs, medium, 10:                      1.29$*

*The RON-USD conversion I've made with Google.

My daily expenses comes down to what I need to spend that day and what costs do I have. If we look at it on monthly basis it is easier to calculate and I can say it is around 500-600 dollars right now, I make around 300 dollars and she contributes another 300 dollars and we live fine, we are not rich and we are closer to poor, normally we should be spending about 1000 dollars to live a decent life but unfortunately both of us do not make that much money so we give up on some regular life style things and that way we can live cheaper.

Daily expenses do range from 5 dollars a day for nothing big to 50 dollars for big grocery shopping for the week. I think it is still more expensive than some nations but at the same time cheaper than some of the big countries as well.

One gallon of petrol nearly $4.00

Milk per litre $0.9

Sugar 1KG $0.8

Mineral water 1L $0.3

These all I can remember but as far as I know the prices keep increasing due to the inflation rate on each country and also the tax rates depends on which country we are from.