Can’t seem to find data to backup this observation, so leaning on anekdata instead - when traveling in EU, food prices seemed a lot lower than US. If this is tr

Can’t seem to find data to backup this observation, so leaning on anekdata instead - when traveling in EU, food prices seemed a lot lower than US. If this is true, an equivalent nominal increase would translate to a higher percent increase. For example, if the good costs $10 in US and $5 in UK, both see an increase of $1 (let’s say due to some shared factor like energy cost), then US would report 10% increase and UK 20%.