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Opinion | Why Biden Should Talk Up Economic Success
(www.nytimes.com)
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No one thing is all of it because people don't buy Only One Thing. Food prices did rise a lot, but people don't buy only food. So the overall cost of living didn't rise nearly so much.
Right. But people buy a lot more of One Thing than the Other Thing so when the One Thing is 30% more expensive and the Other Thing is down in price, the average of the two doesn't tell the whole story
My expenses are mostly food and housing and I know for millions of people, it's ONLY food and housing.