4 ms·
> McDonalds burgers were 15¢. Okay, it was the McDonald's hamburger that seems to have been $0.15 in 1963. That is $1.53 in CPI-inflated 2024 dollars. The cos
by jlmorton 2y ago
> McDonalds burgers were 15¢.
Okay, it was the McDonald's hamburger that seems to have been $0.15 in 1963. That is $1.53 in CPI-inflated 2024 dollars.
The cost today is $2.19. That's about a 0.6% difference in the compounding inflation rate over 61 years.
- johnfn 2y agoShouldn't the price of a burger go down, not up? We should be more efficient at manufacturing and distributing food in 2024.
- tzekid 2y agoIsn't using compounding inflation rate on top of CPI-inflated dollars double counting? It looks and feels like 40+% to me and everybody else
- deleted 2y ago[deleted]
- jlmorton 2y agoIt's not double counting, it's just the average difference from CPI vs McDonalds hamburger inflation