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Opinion | Why Biden Should Talk Up Economic Success (www.nytimes.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 9 months ago (1 children)

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.

[–] [email protected] 2 points 9 months ago

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.