3 ms·
Not true. My dad's side of the family lives in Libya and one of my aunts requires insulin- the price went up at least 5x during the worst of it and it's still c
by manyxcxi 11y ago
Not true. My dad's side of the family lives in Libya and one of my aunts requires insulin- the price went up at least 5x during the worst of it and it's still currently 3x of what it used to be.
- SilasX 11y agoI mean differential shocks -- you want the index/item to track the general price differences between the countries, and not be thrown off by a cow disease that drives up milk -- or a good just being cheaper because of favorable local conditions. If insulin became expensive during the war, that was only because things became more expensive in general, right? That's what the index should capture: "you need 3x in dollar terms to buy the same stuff in Libya."