Re:The One Number That Proves the Inflation Threat Is a Boge...
by beagle3 on Monday April 30, 2012 @04:46PM
(#3911401)
FTA:
> The things people buy the most often -- gas and groceries -- have gone up the most the past few years. The things people buy the least often -- gadgets and other goods -- have not. It's an understandable mistake. But still a mistake.
Can someone explain the math behind this? The important thing is not "how often", but "what percentage of the overall expense", but I would guess that (as percentage of overall expense), gas and groceries are larger than gadgets for everyone?
As an example, in my household, we're about a thousand/month on food & transportation (rising much faster than 2%/year), thousands a month for rent (rising much faster than 2%/year). And while gadgets are getting cheaper (nothing else seems to), they account for ... say, 2% of our overall expenses.
> The things people buy the most often -- gas and groceries -- have gone up the most the past few years. The things people buy the least often -- gadgets and other goods -- have not. It's an understandable mistake. But still a mistake.
Can someone explain the math behind this? The important thing is not "how often", but "what percentage of the overall expense", but I would guess that (as percentage of overall expense), gas and groceries are larger than gadgets for everyone?
As an example, in my household, we're about a thousand/month on food & transportation (rising much faster than 2%/year), thousands a month for rent (rising much faster than 2%/year). And while gadgets are getting cheaper (nothing else seems to), they account for ... say, 2% of our overall expenses.