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Up 17.1% in a single, cherry-picked year. How does this stack up against inflation more broadly? It's a terrible trope in financial reporting to write a whole a
by HPsquared 3y ago
Up 17.1% in a single, cherry-picked year. How does this stack up against inflation more broadly? It's a terrible trope in financial reporting to write a whole article about one data point, out of context.
- lowkey 3y agoRespectfully disagree. Inflation is cumulative in its effects. Up 17.1% in a single year outweighs 2% annual inflation over many years in its impact on the consumer. It is much more revealing than an average figure which can bury the total impact.
- HPsquared 3y agoInflation over the last, say, 5 years, has definitively not averaged 2% pa. Especially in basic supplies like food and fuel. Consumer goods often have "sticky" prices, for various reasons. Example: https://en.m.wikipedia.org/wiki/Fixed_price_of_Coca-Cola_from_1886_to_1959 https://en.m.wikipedia.org/wiki/Fixed_price_of_Coca-Cola_fro...
- prepend 3y agoIt’s not out of context. They point out how Kellogg’s is the highest of their competitors. And Kellogg’s was the one suggesting to use cereal to combat food inflation. It would have been nice to have more comparison and reference to how overall CPI was 3% for the same year, but it’s not the worst article.
- bluescrn 3y agoCompound Inflation, the less talked about sibling of Compound Interest. A few percent doesn't sound much, until you think about how those percentages accumulate over several/many years.