Chip shortage: Toyota to cut global production by 40%

Re:Chip shortage: Toyota to cut global production by 40% by smeyer on Thursday August 19, 2021 @10:43AM (#28234431)

I don't think it's fair to attribute "most" of this to inflation. Car prices have been rising much faster than many other components of CPI, so even in real rather than nominal dollars cars are getting more expensive.

[ Parent | on HN ]

Re:Chip shortage: Toyota to cut global production by 40% by wyager on Thursday August 19, 2021 @11:18AM (#28234955)

The stuff people actually care about has been rising faster than CPI. Cars, housing, meat, metals, lumber, etc. are all going through the roof. Inflation is a vector, and any reduction to a scalar involves taking the dot product of that vector with a weight vector. Under my personal weight vector, and I suspect most people’s weight vector, inflation is a lot higher than CPI.

[ Parent | on HN ]

Re:Chip shortage: Toyota to cut global production by 40% by wonderwonder on Thursday August 19, 2021 @02:07PM (#28237203)

Food prices are insane right now. I used to leave the grocery store with a spend of ~$90 now I average ~$120. Its anecdotal but it adds up.

[ Parent | on HN ]