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From what baseline? The pandemic dip? Or pre-pandemic levels?

Here's some actual journalism: https://jabberwocking.com/the-price-of-bacon-is-up-8-1/

This is the CPI, it’s measured the same way it always is.

There’s value in watching it, not sensationalizing it.

The 12 month rolling chart straight from BLS [0] I think provides more info. And if you want more trends than just prices against the previous year, you can look at the absolute chart for some of the items they track [1]. Check out how bananas and electricity haven’t changed in 20 years, woot!

[0] https://www.bls.gov/charts/consumer-price-index/consumer-pri... [1] https://www.bls.gov/charts/consumer-price-index/consumer-pri...

[1] should be https://www.bls.gov/charts/consumer-price-index/consumer-pri... I think

Yes, thank you. That’s the right link!

Yep remember who owns the WSJ and what their agenda is. Replace WSJ with any news outlet!

The price of gasoline is incredibly volatile. It regularly hits 50% y/y change!

Thank you. Excellent little piece and yet another lesson in how bad even “gold-standard” news outlets are. It’s actually dangerous to report like this because major decisions are made off headlines like that every day.

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