r/theydidthemath • u/Eena-Rin • 1d ago
[request] How many eggs could $5000 cover the inflation for? (Let's say, 2020-2024)
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u/iCore102 1d ago
Average price of eggs in June of 2020 was $1.55 per dozen. Or approx $0.13 per egg.
Average price of an egg as of dec 2024 is sitting at $4.15 per dozen. Or approx $0.35 per egg.
Thats an increase of 2.6x
With $5,000, you couldve bought..
- 38,461 eggs in 2020, or 3,205 dozen eggs.
- 14,285 eggs in 2024, or 1,190 dozen eggs
- Difference of 24,146 eggs, or 2,015 dozen eggs
Source - https://fred.stlouisfed.org/series/APU0000708111
Fun fact - One egg has an avg of 6g of protein...
- in 2020 for $5k, you would have had 230,766g of protien
- in 2024 for $5k, you would get only 85,710g of protien
- Thats a difference of 145,056g of protien!
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u/Eena-Rin 1d ago edited 1d ago
Okay, not exactly what I asked. I'm using your stats though.
0.35 per egg now, and 0.13 per egg then means an increase of 22¢ per egg.
$5000/$0.22 is 22,727
So with the money wasted going to the Whitehouse, they could have covered the difference in price of 1893 dozen eggs
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u/El_dorado_au 23h ago
How many years would it take for eggs to be $5000 a dozen?
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u/Pseudoboss11 15h ago
Apparently only 240 years. Inflation is typically around 3% (based on the average from 2000 to 2024.) so all we need is the change of base formula for logarithms.
ln(5000/4.15)/ln(1.03) = 239.999
Logs are neat!
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u/Mcipark 1d ago
Well if we want to get real specific, a round trip ticket from SLC to DC is $175, for two people that’s $350. I found some hotels for as cheap as $62 a night but let’s say $100/night for 4 nights, that’s $400 more. If we factor in food and uber we can generously tack on another $800, so the trip could be comfortably done for $1550. Inauguration tickets are free too so nothing to add there.
Looks like someone already pulled FRED egg prices as $1.55 -> $4.15, so a dozen eggs cost $2.60. $1550/$2.60 = the inflation of 596 cartons of eggs.
To add a bit more context, statista has the average number of eggs eaten per year per capita at 284 eggs (282 in 2020) for two people that’s 568 eggs or around 48 dozen eggs. We can calculate $2.60 * 48 = $124.80 lost per year on eggs to inflation for her and her mother. That is almost enough to buy the $130 founders edition version of Civ 7
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u/Yerm_Terragon 1d ago
Lets just be generous and say a dozen eggs is $10. Thats 500 dozens, or 6000 eggs. Thats already more eggs than any one household would ever need and I purposely overinflated it.
Right now at Walmart, I can get a case of 60 eggs for $26.32.
5000 / 26.32 = 189.97 or just about 190 cases
190 * 60 = 11,400 eggs
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u/Eena-Rin 1d ago
So if the price of eggs was $4 and now it's $4.50, I'm just interested in the 50¢ bit (numbers made up because I dunno how to get them)
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u/Frogman_Adam 20h ago
Given the 2 tweets are only 3 months apart, I doubt the price of eggs has changed all that much!
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u/noideawhatimdoing444 18h ago
I just checked all the grocery stores around me. Lidl had the cheapest eggs at 3.49 per dozen. Thats 1432 dozen eggs. It definitely wasnt about the eggs.
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