The fast food item that was $1 and is now $1.19 — when was that $1 price originally set? Presumably it had held the $1 price for longer than just a year. So th

The fast food item that was $1 and is now $1.19 — when was that $1 price originally set? Presumably it had held the $1 price for longer than just a year. So this argument doesn't really belong in a discussion about annual inflation.