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$2.50/box today relative to $2.00/box in 2019 represents +25% inflation...so nowhere near purported pre-COVID levels.

CPI less food and energy[1] over the same period increased +17.3%...so currently priced worse than nominal inflation.

Of course, this baseline reference assumes shrinkflation hasn't impacted your "box" unit.

[1] https://fred.stlouisfed.org/graph/?g=19FTW

parent metaphor 3 years ago

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