I would have been tempted to buy as much as my freezer could hold for that price.

I don't blame you.  Nice score!!!   

I would have been tempted to buy as much as my freezer could hold for that price.

I just did. I had them cut me 6 2.5": ers. They weighed 1.5# each. Vacuum packed and froze.

They are not as bad as I though, but it is hard to pull the trigger on a $270 hunk of meat...and I know how good it is going to taste.  Not sure why the huge discrepency between the Rib Roast and Strip.  Historically here, they are about $2 apart!

Dang,  that could drive one to become a vegetarian.

Those prices are what they are at our H-E-B. 

Picked up a Prime Brisket at Costco today.

As a result of this trip to Costco, I learned a valuable lesson...
I should NOT go shopping with my wife!  We spent about $300 more than if she had gone by herself.   

IMO we have not seen the top.  Until fuel prices drop especially diesel these cost are going to continue to escalate. I have seen some of the items I buy jump 20 percent or more. I have not been to my butcher in a few months and I must admit I am scared to go

My younger sister works at Kroger and because of the soaring inflation and all they went through and raised the base cost of all products by 10% a couple of weeks ago.

I believe inflation is part of the law of supply and demand.  Right now we have low supply on a lot of things and high demand for those same things.  I don't see the supply chain fixing itself anytime soon.  Thus, inflation is not decreasing until people stop buying those things that have had price inflation.  That includes gas and diesel.

1980 the CPI was 82.4 and inflation was 13.5%. 1981 CPI was 90.9 and inflation was 10.3%. 1982 CPI was 96.5 and inflation was 6.1%.  1983 the CPI was 99.6 and inflation was 3.2%.  So we should se a return to normal inflation sometime between late 2023 and early 2024!

1980 the CPI was 82.4 and inflation was 13.5%. 1981 CPI was 90.9 and inflation was 10.3%. 1982 CPI was 96.5 and inflation was 6.1%.  1983 the CPI was 99.6 and inflation was 3.2%.  So we should se a return to normal inflation sometime between late 2023 and early 2024!

If inflation was only related to the supply chain issues caused by covid, I think you have a good estimate for timing.  If there continue to be military conflicts and severe sanctions involving countries that are major international trade partners in energy, technology, or food related products, I think it could take longer for prices to reside.

Prices have definitely gone up.
A year ago I could buy A&W Root Beer (16oz.) six-paks  at 4 for $10.
Yesterday they were 3 for $12.  I didn't buy any.
$2.50/six-pak to $4.00/six-pak. That's a 60% increase in 12 months.

interesting no one mentioned Fed Govt Stimulus.  QE from 2008 to 2014 ... inexplicably to economists ... did not generate inflation.  2000, 2021, 2022 COVID Stimulus  https://www.usaspending.gov/disaster/covid-19?publicLaw=all  $3.6trillion.  Economists expected this. 

That money is going somewhere, to rent, to healthcare, to bills, to Beef Prices Near You.

DK

Choice Tenderloins at Costco yesterday $15.99.  Prime were 20.99.  I found some Choice that looked as marbled as the Prime and bought several.  I'm more of a ribeye guy but my wife loves the tenderloins. May go on a T-bone search; wife gets the tenderloin, I get the strip.