• ryannathans@aussie.zone
    link
    fedilink
    arrow-up
    5
    arrow-down
    24
    ·
    edit-2
    4 months ago

    That’s only taking into account monetary devaluation, not inflation of goods and services (or vice versa)

      • ryannathans@aussie.zone
        link
        fedilink
        arrow-up
        3
        arrow-down
        1
        ·
        edit-2
        4 months ago

        Inflation is market derived and does not include devaluation of the currency, source is your own link on deflation.

        In a global economy goods and services are sourced internationally and are subject to various exchange rates. Rarely anything is ever 100% domestic

        • flames5123@lemmy.world
          link
          fedilink
          arrow-up
          5
          ·
          4 months ago

          Even if every ingredient doubled in cost (same as domestic inflation) and profit is a 1/6 of the burrito, we wouldn’t even be at $4. This is corporate greed.

          • ryannathans@aussie.zone
            link
            fedilink
            arrow-up
            4
            arrow-down
            1
            ·
            edit-2
            4 months ago

            Seems like it’s uber eats in the second pic so yeah a lot more markup?

            Energy costs many times what it did too

            • Zombie@feddit.uk
              link
              fedilink
              arrow-up
              1
              ·
              4 months ago

              Energy costs many times what it did too

              Perhaps for the consumer, not for the energy providers

              What costs more? Gas or wind? Oil or solar? Coal or wave?

              There’s a premium charged for new technology, sure. To cover R&D costs, new tooling, etc, but once the machinery is made, the fuel is essentially free. The wind blows itself, the sun has its own fuel, the tides move freely

              Energy arbitrarily costs more because those that sell it have decided it costs more. Aka corporate greed, which is what this post is complaining about in the first.

    • unwarlikeExtortion@lemmy.ml
      link
      fedilink
      arrow-up
      6
      ·
      edit-2
      4 months ago

      Monetary devaluation is the only thing that gives any thin-veiled justificstion for price increases. Anything not covered by the inflation calculator is greed.