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Adding onto this a little: I was shocked at how volatile some food prices are, and how much some have gone up recently https://www.fao.org/worldfoodsituation/f
by Firmwarrior 4y ago
Adding onto this a little: I was shocked at how volatile some food prices are, and how much some have gone up recently
https://www.fao.org/worldfoodsituation/foodpricesindex/en/ https://www.fao.org/worldfoodsituation/foodpricesindex/en/
Depending on how you set your endpoints, you can basically come up with any number for inflation you want, from 1.7% to 20+%
I guess this is all well-understood and taken care of under the hood by processed food companies, though, since the Big Mac Index has pretty steadily held to an inflation level near the CPI