1 Jun 2025 11:59 pm
Now, obviously the point isn’t that gold is a perfect barometer of inflation…
But I have noted the prices of everyday items (not even the most expensive categories of consumables / staples, but items Americans consume on a daily or weekly basis) have roughly doubled in the past 10 years.
A sit down restaurant meal at a casual is around $25, whereas back in 2015 it was closer to $13.
My hunch - and this is also a bit counterintuitive - is that many corporations such as Chipotle have ALREADY begun to absorb losses due to inflation.
Why? Because consumers simply cannot afford what Chipotle’s menu would cost were they indexed to “actual inflation.”
IIRC Chipotle’s cheaper menu items were about $7.00 back in 2012; today the cheaper menu items are around $12. A true adjustment for inflation would lead to a price closer to $15. Chipotle already “absorbed” about 40% of the inflationary effect.
(Yes, I know it’s odd seeing ME of all people saying something seemingly positive about “da KORPORAYSHUNZ” - but I assure you it is not out of any sympathy. I am merely being OBJECTIVE in my analysis.)
But I have noted the prices of everyday items (not even the most expensive categories of consumables / staples, but items Americans consume on a daily or weekly basis) have roughly doubled in the past 10 years.
A sit down restaurant meal at a casual is around $25, whereas back in 2015 it was closer to $13.
My hunch - and this is also a bit counterintuitive - is that many corporations such as Chipotle have ALREADY begun to absorb losses due to inflation.
Why? Because consumers simply cannot afford what Chipotle’s menu would cost were they indexed to “actual inflation.”
IIRC Chipotle’s cheaper menu items were about $7.00 back in 2012; today the cheaper menu items are around $12. A true adjustment for inflation would lead to a price closer to $15. Chipotle already “absorbed” about 40% of the inflationary effect.
(Yes, I know it’s odd seeing ME of all people saying something seemingly positive about “da KORPORAYSHUNZ” - but I assure you it is not out of any sympathy. I am merely being OBJECTIVE in my analysis.)