Could under reporting of real inflation that consumers feel be a factor here?
I’m sure these companies are exploiting consumers, but I’ve also been suspicious of the reported inflation numbers. It feels a lot higher than that and actually it could be more in line with the companies in the graph.
Maybe it’s not the fast food prices that are high but the inflation number that is too low.
but I’ve also been suspicious of the reported inflation numbers
Check the purchasing power of your money against hard assets like gold, stocks, land, housing, etc. “Inflation” numbers we get are CPI numbers, and those are intentionally doctored to show lower “inflation” values. For starters, they assume “stable” prices that don’t change are normal. That is a lie as prices should be going down all the time due to improved production processes. Once you realize inflation is underreported and that wages don’t even keep up with that…
My point exactly. I understand that some people feel the numbers are calculated very consistently, and I guess that’s fine, but does it really reflect what consumers are feeling? I don’t think so. Plus, inflation has been a hot button political issue. A healthy skepticism feels appropriate.
That’s a valid concern and I was wondering the same thing, but as of now, unless something leaks saying that they where lying, this is all we have to go on
Could under reporting of real inflation that consumers feel be a factor here?
I’m sure these companies are exploiting consumers, but I’ve also been suspicious of the reported inflation numbers. It feels a lot higher than that and actually it could be more in line with the companies in the graph.
Maybe it’s not the fast food prices that are high but the inflation number that is too low.
Check the purchasing power of your money against hard assets like gold, stocks, land, housing, etc. “Inflation” numbers we get are CPI numbers, and those are intentionally doctored to show lower “inflation” values. For starters, they assume “stable” prices that don’t change are normal. That is a lie as prices should be going down all the time due to improved production processes. Once you realize inflation is underreported and that wages don’t even keep up with that…
My point exactly. I understand that some people feel the numbers are calculated very consistently, and I guess that’s fine, but does it really reflect what consumers are feeling? I don’t think so. Plus, inflation has been a hot button political issue. A healthy skepticism feels appropriate.
And maybe it’s both
That’s a valid concern and I was wondering the same thing, but as of now, unless something leaks saying that they where lying, this is all we have to go on