Doesn’t that just make it even more confusing? I guess we also buy taxis for our groceries, but the overhead is much lower when you’re buying hundreds of dollars worth of groceries instead of a $10 burrito. Plus, these prices all tracked each other from 2000-2010, but Instacart didn’t even exist until 2012.
I agree it creates a confusion. The increase costs should not be labled inflaiton because you’re making apples to organges comparisons regarding the good class one claims to be pricing/indexing
Doesn’t that just make it even more confusing? I guess we also buy taxis for our groceries, but the overhead is much lower when you’re buying hundreds of dollars worth of groceries instead of a $10 burrito. Plus, these prices all tracked each other from 2000-2010, but Instacart didn’t even exist until 2012.
I agree it creates a confusion. The increase costs should not be labled inflaiton because you’re making apples to organges comparisons regarding the good class one claims to be pricing/indexing