Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by jbstack on Friday March 24, 2023 @12:24PM
(#35291396)
> Food is still cheap - it represents a small percentage of people's income.
If you look at it as an average for the population, sure. But that masks the real issue, which is that it hits poor people the hardest because spending on food doesn't scale proportionally with income.
If you look at it as an average for the population, sure. But that masks the real issue, which is that it hits poor people the hardest because spending on food doesn't scale proportionally with income.