7 ms·
I track price of the gloves. Box of gloves is very close to pre covid level. Used to be $2/box in 2019. now you can get it around $2.5 box.
by newhotelowner 3y ago
I track price of the gloves.
Box of gloves is very close to pre covid level.
Used to be $2/box in 2019. now you can get it around $2.5 box.
- oarfish 3y ago25% inflation over 4 years is still substantial. If the contents are even still the same size.
- firebones 3y agoSame size is important. There's likely also 12-15% shrinkflation that increases this significantly.
- metaphor 3y ago$2.50/box today relative to $2.00/box in 2019 represents +25% inflation...so nowhere near purported pre-COVID levels. CPI less food and energy[1] over the same period increased +17.3%...so currently priced worse than nominal inflation. Of course, this baseline reference assumes shrinkflation hasn't impacted your "box" unit. [1] https://fred.stlouisfed.org/graph/?g=19FTW https://fred.stlouisfed.org/graph/?g=19FTW
- firebones 3y ago>> $2.50/box today relative to $2.00/box in 2019 represents +25% inflation...so nowhere near purported pre-COVID levels. Annualized, that is 5.7% inflation. (1.25 increase ^ 0.25 for 4 years elapsed). So not pre-covid levels, but not nominal 25% annual inflation. Still a little over 2x desired annual growth rate.