World food prices hit 10-year peak

Re:World food prices hit 10-year peak – FAO by Thorrez on Wednesday October 13, 2021 @01:01AM (#28848404)

Ok, so the graph isn't showing the price change of actual cars that people buy, buy hypothetical cars invented based in feature set.

It's kind of a weird comparison, because it makes it seem like people less in inflation-adjusted dollars, when in fact that's not true.

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Re:World food prices hit 10-year peak – FAO by blagie on Wednesday October 13, 2021 @05:08PM (#28857759)

That's a universal problem in estimating inflation. People buy different things, and products come and go.

How do you compare a house build to 1900 standards to one build to 2020 standards? How do you compare fresh foods from the local farmer to factory-manufactured ones?

People shift preferences based on prices too. Manufactured goods started out as premium products, and now, fresh foods are increasingly a premium product.

It's an impossible problem. People either do their best, or lie with statistics, depending on the domain.

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