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That is _not_ exactly what you are talking about: food prices do not normally go up 24% a year. Rent prices do not normally go up 10-15% a year. If their numb
by RoddaWallPro 4y ago
That is _not_ exactly what you are talking about: food prices do not normally go up 24% a year. Rent prices do not normally go up 10-15% a year.
If their number is cherry-picked, give a real number yourself. Anecdotally, my grocery bills are easily 30%+ from what they were last year, and the same is true for many people I've asked.
- vikingerik 4y agoThat's still what I'm talking about. Any number you're looking at that's "in a year" is falling victim to the time-shifted demand effects from the pandemic. Compare 2022 to 2019 and look for the average change over three years. That's the real signal over the temporary noise. There are still some real effects, but it's much smaller than all the one-year-over-year numbers seem to indicate.
- thatguy0900 4y agoThis doesn't make sense. How can cost of groceries be up 30% over a three year period be normal. That would leave everyone starving within a decade, and obviously can't be right. Same with the rent increases.
- culopatin 4y agoIt would not leave everyone starving because salaries go up too, 10% inflation does exist. Argentina deals with 100% yearly inflation and has not blown up yet.
- thatguy0900 4y agoSalaries arnt going up that much. McDonald's near me is still offering 12.50. At best the people in these places got a few more dollars an hour
- culopatin 4y agoI’m not speaking about your particular scenario but about situations where inflation is actually more than 10% over several years. Salaries always lag, but they don’t remain at 0% increase. The post I’m replying to said that if inflation was 10% a year in food, everyone would starve in 10 years, and it’s simply not true.