3 ms·
Eggs are way up. Fortunately, the government takes a blend of different products and presents the overall price change. If we made policy off the whims of onion
by UncleMeat 4y ago
Eggs are way up. Fortunately, the government takes a blend of different products and presents the overall price change. If we made policy off the whims of onion prices, for example, we'd be in for a wild ride.
Every month for the last six months has produced the same comment. Overall inflation is low so somebody picks out a specific thing that went up a lot and implies that the government numbers are either misleading or lies. Interestingly, it is a different chosen product each month.
Egg prices are also being driven largely by disease and culling and don't really represent something that should be attacked with monetary policy.