Of course, the eggs and milk prices increased more than the ‘inflation rate’ because the ‘inflation rate’ is the WEIGHTED AVERAGE of price increase rates across EVERYTHING.
So you will inevitably and naturally have nearly half of the goods and services used in our daily lives with price increase rates bigger than the ‘inflation rate’.
This is just how weighted average works
So this means that no one could buy milk or eggs anywhere else. Does anyone at the FTC understand how the economy works?
Price changes happen in real time. CPI is a historical aggregation of weighted price changes for certain goods and services. Some are almost always below or above the inflation rate but those changes determine the inflation rate. Food and energy tend to have volatile prices because supply shocks are frequent and are often removed from the index to get core-cpi.
So yes, that’s how it’s supposed to work.
RawStory? LOL
“I’m gullible and I want you to gaslight me.”
Look at PPI and CPI and it’s immediately obvious that consumer inflation was not price gouging, in fact producers ate more inflation than they passed along.
Well when we have a bunch of oligopolies controlling the majority of every market
Let’s play todays installation of bot or idiot!
I noticed this a while back, Kroger items are often priced $2 higher at Kroger than at other grocery stores.
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lol.
Of course, the eggs and milk prices increased more than the ‘inflation rate’ because the ‘inflation rate’ is the WEIGHTED AVERAGE of price increase rates across EVERYTHING.
So you will inevitably and naturally have nearly half of the goods and services used in our daily lives with price increase rates bigger than the ‘inflation rate’.
This is just how weighted average works
So this means that no one could buy milk or eggs anywhere else. Does anyone at the FTC understand how the economy works?
Price changes happen in real time. CPI is a historical aggregation of weighted price changes for certain goods and services. Some are almost always below or above the inflation rate but those changes determine the inflation rate. Food and energy tend to have volatile prices because supply shocks are frequent and are often removed from the index to get core-cpi.
So yes, that’s how it’s supposed to work.
RawStory? LOL
“I’m gullible and I want you to gaslight me.”
Look at PPI and CPI and it’s immediately obvious that consumer inflation was not price gouging, in fact producers ate more inflation than they passed along.
Well when we have a bunch of oligopolies controlling the majority of every market
Let’s play todays installation of bot or idiot!
I noticed this a while back, Kroger items are often priced $2 higher at Kroger than at other grocery stores.