1082
What happened? Take me back
(lemmy.world)
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this post was submitted on 24 Aug 2024
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That's only taking into account monetary devaluation, not inflation of goods and services (or vice versa)
What?
Monetary devaluation is an economic policy Inflation is literally the "general increase in the prices of goods and services"
https://en.m.wikipedia.org/wiki/Inflation
https://en.wikipedia.org/wiki/Devaluation
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
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.
Seems like it's uber eats in the second pic so yeah a lot more markup?
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.
No, for one energy has gone up due to increased demand for fossil fuels after cutting Russian gas off
Monetary devaluation is the only thing that gives any thin-veiled justificstion for price increases. Anything not covered by the inflation calculator is greed.
The inflation calculation is gamed too to make numbers look smaller
You mean greed