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Shadowstats's 80s-based measure says we've been having 10% YoY inflation for two decades now. If that were true, prices would've 5x'ed since the year 2000. That
by timmaxw 5y ago
Shadowstats's 80s-based measure says we've been having 10% YoY inflation for two decades now. If that were true, prices would've 5x'ed since the year 2000. That doesn't pass the 'sniff test' to me; e.g. the Big Mac Index [1] says a Big Mac cost $2.50 in 2000 and $5.50 today, equivalent to about 4% YoY inflation.
[1] https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index
- Geee 5y agoIt's not the same Big Mac. It's smaller and lower quality. Check out https://www.reddit.com/r/shrinkflation/ https://www.reddit.com/r/shrinkflation/ which has posts about products that get smaller.