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Until the very recent inflation increase, food has been cheaper than ever. It's been making up less and less of household budgets for decades. https://seekinga
by pipes 3y ago
Until the very recent inflation increase, food has been cheaper than ever. It's been making up less and less of household budgets for decades.
https://seekingalpha.com/article/92689-over-the-past-100-years-food-prices-have-fallen-by-82-percent https://seekingalpha.com/article/92689-over-the-past-100-yea...
- redblacktree 3y agoNow do housing.
- jjoonathan 3y agoJust buy 3 fewer iPhones every month, problem solved!
- HWR_14 3y agoThe basket of goods doesn't look random, and I wonder if it was chosen specifically and wrongly to make that point.
- tourmalinetaco 3y agoWhat would comparing random food prices prove? There is literally no benefit to comparing the price of let’s say dragonfruit when the average American doesn’t eat dragonfruit. Using common ingredients that’s always in demand sets a strong baseline.
- HWR_14 3y ago"Random" was probably the wrong word to use. "Properly representative of average food costs" is probably a better phrase.