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i think the real issue is inter-item inflation variability and its effect on perception and lifestyle. Take beef. Its a 5x over last 20 years [1], while corn a

i think the real issue is inter-item inflation variability and its effect on perception and lifestyle. Take beef. Its a 5x over last 20 years [1], while corn and chicken are about 2x, yet the price of a typical computer has fallen year over year, which doesn't even take into account that the phone in my pocket probably out computes supercomputers two decades ago. [1]https://fred.stlouisfed.org/series/APU0000703112 https://fred.stlouisfed.org/series/APU0000703112

maerF0x0 3y ago
Interesting confounding factor. That says average price of ground beef without specifying the %. As a kid I do not recall often seeing 95%+ lean ground beef, whereas today that's essentially all I buy. The price span can be easily be double... Doesnt explain the full 5x but interesting to wonder if the data is cognizant/adjusted of that detail?