\

Here is Why Your Grocery Bill Hurts Even When “Food at Home” CPI Claims Low Inflation

In her recent interview with @GrantWilliams, @DanielleDiMartinoBooth pointed out how the official “Food at Home” CPI category (groceries) has been showing very low or near-flat inflation lately — largely because households are cutting back and trading down aggressively.

Here’s the rub: CPI isn’t measuring what it costs to maintain your standard of living. It bakes in substitution — when you switch from steak to chicken, name brands to generics, or just buy less — and calls that “lower inflation.” Weak demand then forces retailers to slow price hikes, making the government’s number look better than reality for many families.

Latest data (April 2026):

  • Food at Home CPI: around +2.9% YoY, with some months essentially flat
  • Yet cumulative grocery prices are still up over 30% since 2020

Government statistics are working exactly as designed — to show inflation is “under control,” even when it doesn’t feel that way at the checkout line.

This is the disconnect: official averages versus real household pain. Especially for those who can’t keep substituting forever.

Thoughts? Are you buying the CPI narrative, or does it feel like polished fiction?

Investment advice offered through Convergence Financial, LLC, a registered investment advisor. Legacy Wealth Mgt., LLC and Convergence Financial are two separate entities. Supervised by Convergence Financial, 3919 S. Providence, Columbia, MO 65203

Legacy Wealth Mgt., LLC offers insurance products and services through a separate, unaffiliated insurance platform. These insurance products and services are not offered through, sponsored by, endorsed by, or affiliated with Convergence Financial, an SEC-registered investment adviser.

Convergence Financial provides investment advisory services only. It does not offer, sell, recommend, or receive compensation in connection with any insurance products or services. Any insurance products or services obtained through Legacy Wealth Mg are entire., LLCly separate from the investment advisory relationship a client may have with Convergence Financial.

Insurance products are not securities, are not investment advisory services, and are not subject to the same regulatory framework as the advisory services provided by Convergence Financial. Insurance products are obligations of the issuing insurance carrier and are not guaranteed, endorsed, or backed by Convergence Financial. Clients are under no obligation to purchase insurance products in connection with any advisory services they receive, and the purchase of insurance products through Legacy Wealth Mgt., LLC is solely at the client's discretion.

The decision to engage with any insurance platform or to purchase any insurance product is the client's alone. Clients should evaluate insurance products independently and may wish to consult with appropriate professionals before making any insurance-related decision.

Disclosures:
SEC Profile
Form ADV Part 2A Disclosure Brochure
Convergence Financial Customer Relationship Summary
Privacy Policy
Charles Schwab Customer Relationship Summary

Copyright © 2026 Legacy Wealth Mgt., LLC