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
Splitting out ‘eating out’ and ‘food at home’ is good, but not the whole story due to the rise of delivery.
I believe the snarky phrasing is “Inflation is bad? Or you ordered a private taxi for your burrito?”
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