4 ms·
I'm always curious for some of these how much it's just a problem of round numbers. Something like the vet visit, I totally believe, but marking down the $1 inc
by noirbot 4y ago
I'm always curious for some of these how much it's just a problem of round numbers. Something like the vet visit, I totally believe, but marking down the $1 increase in airport parking cost feels like it's less a percentage and more that they just added 1 to the number because making it cost 36 cents more would just be awkward.
Not that that doesn't cause a problem for the people paying it, but pricing for relatively cheap items is a coarse instrument. If you're a business owner and you have no idea how long inflation will be this high, you maybe just err on the side of pricing in some future price increases now and raising prices more in one go vs. changing them every couple weeks. Most consumer goods aren't like gas where people just expect the price to go up and down constantly day to day.