db2@lemmy.world to Showerthoughts@lemmy.world · 7 hours agoIn Pulp Fiction Vincent made a big deal about a $5 milkshake, which is less than a crappy one from a fast food joint costs today.message-squaremessage-square31fedilinkarrow-up1150arrow-down19file-text
arrow-up1141arrow-down1message-squareIn Pulp Fiction Vincent made a big deal about a $5 milkshake, which is less than a crappy one from a fast food joint costs today.db2@lemmy.world to Showerthoughts@lemmy.world · 7 hours agomessage-square31fedilinkfile-text
minus-squaredb2@lemmy.worldOPlinkfedilinkarrow-up7arrow-down1·6 hours agoThis isn’t inflation, we’ve been in gouging territory for decades now.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 hour agoInflation is an increase in the average price of goods and services in terms of money. It doesn’t matter if it’s because of price gouging, or bailouts, or war.
minus-squareAmidFuror@fedia.iolinkfedilinkarrow-up3·5 hours agoSpecifically on milkshakes? If it’s on everything it pretty much looks and acts like inflation anyway. A $5.00 milkshake in the middle of 1993, when the movie was shot, would cost $11.22 today if it went up at the same rate as the CPI.
This isn’t inflation, we’ve been in gouging territory for decades now.
Inflation is an increase in the average price of goods and services in terms of money. It doesn’t matter if it’s because of price gouging, or bailouts, or war.
Specifically on milkshakes? If it’s on everything it pretty much looks and acts like inflation anyway.
A $5.00 milkshake in the middle of 1993, when the movie was shot, would cost $11.22 today if it went up at the same rate as the CPI.