Where does flour cost $2 per pound? I live in Israel and all purpose white flour costs between 3 and 4 shekels a kilo which is 2.2 pounds. Bread is a staff of life food. It can be eaten with every meal. When I bake challah I get an 18.5-19 ounce challah using 11.75 ounces of flour.
Flour near me is around $1/lb or a little less. But cereal is also only $2/lb, maybe $2.50/lb for generic cereal. It's not a huge difference.