4 ms·
$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
by 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.