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destuctir t1_iqwdtc1 wrote

Reply to comment by gianthooverpig in [OC] Prices for common food products, August 2010 vs 2022. by robert_ritz

It’s clearly trying to show inflation

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gianthooverpig t1_iqwedro wrote

No… there’s a difference between inflation and the relative change in price of something. That’s why some things have gone up more than others.

Inflation accounts for the real value of money, which lessens over time. Your dollar in 2010 is worth less than your dollar in 2022.

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skloob t1_iqwpncu wrote

I think you meant to say “your dollar in 2010 is worth MORE than your dollar in 2022”

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