News for hackers. Stuff that matters.

A comment on Food Prices Are Soaring Faster Than Inflation and Incomes. Parent comment

Re:Food Prices Are Soaring Faster Than Inflation and Incomes by galangalalgol on Monday March 08, 2021 @08:45AM (#26385607)
Are they saying that food prices are driving the inflation vs the other factors? Housing is going up fast too isn't it?
[ Parent | on HN ]
Re:Food Prices Are Soaring Faster Than Inflation and Incomes by bradleyjg on Monday March 08, 2021 @09:31AM (#26386135)
https://fred.stlouisfed.org/series/CUSR0000SEHC

https://fred.stlouisfed.org/series/CUUR0000SEHA

I believe those are the two housing sub components of the basket, with owners’ equivalent rent weighted more than the rent one. Eyeballing it they both look under 2%.

[ Parent | on HN ]
Re:Food Prices Are Soaring Faster Than Inflation and Incomes by eru on Monday March 08, 2021 @09:26AM (#26386073)
What do you mean by 'driving'?

Causally, inflation in the US is driven by the Fed's 2% average inflation target.

How those 2% distribute amongst the basket of good is a different question, of course.

[ Parent | on HN ]