• numlok@lemmy.world
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    3 months ago

    Assuming this was around 1994, and adjusting for inflation, it should still be under $2.

    • ryannathans@aussie.zone
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      3 months ago

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

        • ryannathans@aussie.zone
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          3 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
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            3 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
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              3 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
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                3 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.

                • ryannathans@aussie.zone
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                  3 months ago

                  No, for one energy has gone up due to increased demand for fossil fuels after cutting Russian gas off

      • unwarlikeExtortion@lemmy.ml
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        3 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.

      • prole@lemmy.blahaj.zone
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        3 months ago

        The supply chain presumably cost something in the first pic too. The prices of those things should have also gone up according to inflation. So wouldn’t they also be included in the “inflation adjusted” figure? It’s not like they were calculating what it cost without needing a supply chain.

        In fact, I would think that if anything, the overall price of supply chains would have decreased as technology got better (better fuel, better gas mileage, better routes, better forms of transportation, better computer models to predict outcomes, etc).

        • Asafum@feddit.nl
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          3 months ago

          Supposedly the argument for the recent absurd food prices is because of oil prices increasing (translates to shipping costs increasing) so much with Russia invading Ukraine and everyones sanctions on Russian oil plus the disruption of wheat production in Ukraine.

          And then there’s just plain old fucking greed.

              • xthexder@l.sw0.com
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                3 months ago

                As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it’s still cheaper to buy it locally and not have to deal with moving it.