Replying to Avatar James A Lewis

Freaking ridiculous.

Now, this shows only a 20% increase since pre-2020, but I feel that's a little low. Maybe it doesn't account for shrinkflation and buying less like we've done.

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a source familiar with the matter 2y ago

If it's the official government number, they have substitution effects

So if steak goes up in price more than hamburger, they assume people switched to hamburger

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