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These graphs are just lies based on lies based on lies. Food prices have basically doubled in a couple of years. Prices for McDonald's have gone from about $5
by blindriver 3y ago
These graphs are just lies based on lies based on lies.
Food prices have basically doubled in a couple of years. Prices for McDonald's have gone from about $5 for a breakfast meal combo to almost $9. I can't go out for dinner in the Bay Area for 2 adults and 2 kids for less than $100.
In 9 years up to 2021, my house price almost tripled. That is inflation that no one talks about. My new house price that I bought in 2021 is down 15%. This is deflation that no one talks about... yet.
The government skews numbers because they allow consumers to "trade down" to lower quality, cheaper products so that inflation doesn't look like it's going up. This doesn't capture the fact that the product is much, much lower quality. If you compare a real Big Mac to today's Big Mac, it's a pale comparison. Same goes for just about everything else. What use to be "regular" is now considered premium, and that inflation doesn't get captured over the decades.
- mmaurizi 3y agoInflation numbers are nationwide, but bay-area housing prices are not. And high housing raises the costs of all labor-intensive services (like your McDonalds), since employees need somewhere to live.
- jraby3 3y agoI don’t think the government intentionally skews numbers. The phone in your pocket, your laptop, your car have all gone up in quality/safety/speed but that also isn’t counted.
- elil17 3y agoThat is counted. As is shrinkflation, decreases in quality, etc.
- jncfhnb 3y agoYou live in outlier land and are confused when it doesn’t match the norm.
- elil17 3y ago> "Bay Area" The Bay Area is not America. In Philadelphia, for example, entrees at a nice restaurant downtown are about $15, while I fed three adults at a bar in the suburbs for $40. The government isn't lying to you with CPI, you just live in an outlier city.
- blindriver 3y agoNo, same meal cost much less before. We go to the same restaurants and know how much prices went up. The restaurant owners of the ones we visit often all say the same thing, they had to cut down on quality while still raising prices over the last couple of years, and some had to drop menu items because they were getting too expensive and the risk of wasting food because no one ordered it was too high.
- PaulDavisThe1st 3y agoYou seem to think that the cost of eating at restaurants would/should not reflect the cost of housing in the general vicinity of the restaurant. The other example you were quoted was from Philadelphia which is a (relatively) cheap east coast city with fairly stable house prices. Nobody is denying your experience, they are pointing out that your experiences come from an "outlier" location.