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Mac Mcleod
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In one jump. That's 29%.

Taco Cabana also raised the price of their taco combo from $5.78 to $6.9X in one jump.


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maxo-texas wrote:

In one jump. That's 29%.

Taco Cabana also raised the price of their taco combo from $5.78 to $6.9X in one jump.




So?
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Boaty McBoatface
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TheDashi wrote:
maxo-texas wrote:

In one jump. That's 29%.

Taco Cabana also raised the price of their taco combo from $5.78 to $6.9X in one jump.




So?
I agree.
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Mac Mcleod
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It's just a fact I'm noting. A friend told me just now it was raised this morning. The taco cabana happened two weeks ago to me.

I suppose it relates to the inflation is only 1.6% discussion we had elsewhere.

I should tell my friend they can hedonically replace it with a bisquit and a piece of cheese and cold cut from the supermarket.

Prices of tv dinners are up about 25% or more over the last year. But raw food seems about the same price.
 
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J
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when was the last price change? perhaps it was well overdue.
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Mac Mcleod
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jmilum wrote:
when was the last price change? perhaps it was well overdue.


At 1.6% inflation that should be about a decade ago.

I don't care to research it but I suspect the last price change was more recent than a decade ago.
 
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Christopher Seguin
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maxo-texas wrote:

In one jump. That's 29%.

Taco Cabana also raised the price of their taco combo from $5.78 to $6.9X in one jump.




There as to be some underlying reason as to why you posted this. Please enlighten us, and I am very curious.

Otherwise, like others, my only response is limited to "why do we care?" and/or "this is Chit-Chat crap, not RSP vileness."
 
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Chris
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I wonder if all the whining about increasing minimum wage factors in to this.
Or healthcare costs?
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maxo-texas wrote:

In one jump. That's 29%.

Taco Cabana also raised the price of their taco combo from $5.78 to $6.9X in one jump.




That's awful! That's, that's, that's....


 
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Mac Mcleod
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I don't think so. I'm very close to Sue's position regarding RSP.

I think it will get worse before the election is done and there's a good chance (based on romney and obama election) that it will remain hostile afterwards.


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10/₆
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So now it's cost me 87 cents more to get an irritable bowel movement?

Sign me up!
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Boaty McBoatface
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MWChapel wrote:
So now it's cost me 87 cents more to get an irritable bowel movement?

Sign me up!
Just lick a dogs balls, their free (and about as tasty and healthy).
 
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Mac Mcleod
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TheDashi wrote:
I wonder if all the whining about increasing minimum wage factors in to this.
Or healthcare costs?


It's possible. Or they simply decided to test if the market would bear a higher price. Or both or all three.
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Mac Mcleod
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slatersteven wrote:
MWChapel wrote:
So now it's cost me 87 cents more to get an irritable bowel movement?

Sign me up!
Just lick a dogs balls, their free (and about as tasty and healthy).


Do you eat bread, eggs, ham and cheese?

 
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Boaty McBoatface
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maxo-texas wrote:
TheDashi wrote:
I wonder if all the whining about increasing minimum wage factors in to this.
Or healthcare costs?


It's possible. Or they simply decided to test if the market would bear a higher price. Or both or all three.
Or it's Hillary, have you thought of that?
 
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J
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I think the final prices would be set by the franchise, not corporate. Perhaps their rent was increased. There could be many local factors impacting pricing.
 
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Boaty McBoatface
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I do love the irony of the tag, given who has been blamed.
 
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Mac Mcleod
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slatersteven wrote:
maxo-texas wrote:
TheDashi wrote:
I wonder if all the whining about increasing minimum wage factors in to this.
Or healthcare costs?


It's possible. Or they simply decided to test if the market would bear a higher price. Or both or all three.
Or it's Hillary, have you thought of that?


Now (Liberals) care about (the price of fast food)!

That's surprising.
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Robert Wesley
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surprise That's 'potential suicide' *especially* FROM "consuming" THUS! gulp
 
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jmilum wrote:
I think the final prices would be set by the franchise, not corporate. Perhaps their rent was increased. There could be many local factors impacting pricing.

Well, the Jack in Wichita Falls raised its price as well, but to $3.59. Maybe it is local. Maybe it's because the WF franchise is the worst one by far I've ever eaten at.
 
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James Myers
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Essentially, the point is that "1%" inflation seems to be a misnomer.

I have about a quarter of an idea how CPI is calculated or what it does, but I do wonder if an economic index of the price of goods would vary per income quintile given average consumption of goods.
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Sam I am
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Maybe it's temporary to cover the cost of their new employees... robot
 
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Mac Mcleod
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Terwox wrote:
Essentially, the point is that "1%" inflation seems to be a misnomer.

I have about a quarter of an idea how CPI is calculated or what it does, but I do wonder if an economic index of the price of goods would vary per income quintile given average consumption of goods.


I think my biggest issue is with the hedonics.

Use of hedonics allow actual meat prices to go up by 25% over five years while saying that consumer's substitution of increasingly lower grades of meat will hold their experience of inflation to only 10.5%.

What if they were already at the lowest grade? What if they don't downgrade? Isn't switching to cheaper, lower quality, products still a problem? Isn't not being able to maintain your lifestyle a problem?


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Tom McVey
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maxo-texas wrote:
I think my biggest issue is with the hedonics.


The impact of the hedonic adjustment is minimal - it's less than 0.1%. The bigger impact to CPI in the mid-1990s change was the shift in calculation of housing expenses to calculate a "owner equivalent rent" instead of an asset price calculation. That was a reasonable and necessary change, because the secular decline in inflation and decline in interest rate meant house prices were rising but the monthly mortgage payment wasn't necessarily doing so as well.

You can tell the difference by looking at where CPI-U and CPI-U-RS differ over the periods where the series overlap.

Before looking at this topic came up in RSP, I'd have suspected that CPI *was* understated because the changes in CPI calculation in the 1990s were heavily pushed by the American Enterprise Institute (AEI) and Newt Gingrich.

However, seeing the lack of discrepancy between MIT's Billion price index and CPI-U using current methods, and the fact that the BLS dialed the impact of hedonic adjustments way back, makes me have to revise my general rule of "The AEI is entirely staffed by intellectually dishonest hacks who are completely full of s**t" to "The AEI is almost entirely staffed by intellectually dishonest hacks who are completely full of s**t."

Doubt this will stop Maxo carrying on cherry-picking data, though.
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