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Does anyone else feel like inflation is under-reported on a personal level? After barber shops opened I was surprised my barber increased his prices from $25 -
by bko 6y ago
Does anyone else feel like inflation is under-reported on a personal level?
After barber shops opened I was surprised my barber increased his prices from $25 -> $40. I poked my head in a few other barber shops and they've had similar price increases. I think restaurants also increased their prices. I remember restaurants where the prices were $14-17 for most dishes now charge ~$18-22
Of course this is purely anecdotal.
- enjeyw 6y agoNot sure if it was a typo, but I think you’re looking for the word “anecdotal” not “antidotal” (coming from someone who messes these kinda things up all the time)
- bko 6y agoYup, corrected. Thanks!
- pfranz 6y agoPersonally, I haven't noticed in the price of goods. I wouldn't be surprised if services increased their price since we're still in the middle of a pandemic. I imagine the flow of customers are down (I love restaurants but don't have any immediate interest in going to that or a barber shop) and the people going are more motivated than the average customer hence willing to pay more. I also think a price increase might be done because of sympathies knowing those kinds of businesses are struggling.
- dragonwriter 6y agoBarber shops and restaurants are a fairly small part of what people spend money on (especially with COVID) and have seen a big drop in unit sales across which to spread fixed costs. So, inflation there is higher than general inflation. Inflation across different sectors varies a lot; the overall level is a aggregate but not one around which the sector-specific numbers cluster tightly. https://www.bls.gov/news.release/archives/cpi_02102021.htm https://www.bls.gov/news.release/archives/cpi_02102021.htm