Apologies if this has been explained before. I don't understand why prices of food and other groceries are rising much more than the rate of inflation. Seeing 20%, 30% or even higher percentage increases on products I buy regularly isn't uncommon now. What is the rate of inflation useful for, if prices don't actually reflect it?
Like many people, I'm so scared about prices just going up and up (having read doom-mongering posts about how it will only get worse over the next 12 months... I'm only just barely coping now, I won't be able to afford to live if things keep going up in the way that they are now), and there doesn't seem to be any meaningful way to predict it, at least in terms of actual amounts or when it might end.