open.substack.com/pub/natesnew...
open.substack.com/pub/natesnew...
open.substack.com/pub/thebulwa...
open.substack.com/pub/thebulwa...
open.substack.com/pub/zeitgeis...
open.substack.com/pub/zeitgeis...
While these factors collectively drive up prices, corporate profit-taking is a significant, controllable element. Companies can mitigate price increases by optimizing production and prioritizing consumer affordability.
While these factors collectively drive up prices, corporate profit-taking is a significant, controllable element. Companies can mitigate price increases by optimizing production and prioritizing consumer affordability.
Why the huge discrepancy? Several factors contribute:
* Specific commodity price increases (e.g., wheat)
* Rising production costs (labor, energy, transportation)
* Corporate profit-taking
* Supply chain disruptions (e.g., COVID-19) Continued...
Why the huge discrepancy? Several factors contribute:
* Specific commodity price increases (e.g., wheat)
* Rising production costs (labor, energy, transportation)
* Corporate profit-taking
* Supply chain disruptions (e.g., COVID-19) Continued...
Given today's average bread price of $4.00, the percentage increase from 1955 is ((4.00-0.18)/0.18)*100 ≈ 2122%. This is significantly higher than the 660.8% cumulative inflation rate. Continued...
Given today's average bread price of $4.00, the percentage increase from 1955 is ((4.00-0.18)/0.18)*100 ≈ 2122%. This is significantly higher than the 660.8% cumulative inflation rate. Continued...
So, the equivalent 2024 price is $0.18 * 6.608 ≈ $1.19. However, this is an estimate, and actual prices may vary due to factors like regional differences and brand. Continued...
So, the equivalent 2024 price is $0.18 * 6.608 ≈ $1.19. However, this is an estimate, and actual prices may vary due to factors like regional differences and brand. Continued...
Using an inflation calculator, we find that the cumulative inflation rate from 1955 to 2024 is approximately 660.8%. This means prices have increased by a factor of 6.608. Continued...
Using an inflation calculator, we find that the cumulative inflation rate from 1955 to 2024 is approximately 660.8%. This means prices have increased by a factor of 6.608. Continued...