Re:Skimpflation: A reason inflation is worse than the govern...
by nuerow on Monday November 01, 2021 @03:14AM
(#29063839)
> My family has only ever really liked ribeyes. If they've doubled in price, that affects us.
A particular consumer's habit of consuming very specific high-end goods or services which is immune to substitute goods is not how inflation is determined. It would make as much sense as claiming inflation skyrocketed because you only wear Air Jordans and the latest model is sold for around $200 while last year they sold for $120.
A particular consumer's habit of consuming very specific high-end goods or services which is immune to substitute goods is not how inflation is determined. It would make as much sense as claiming inflation skyrocketed because you only wear Air Jordans and the latest model is sold for around $200 while last year they sold for $120.