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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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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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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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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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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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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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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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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I do love the irony of the tag, given who has been blamed.
 
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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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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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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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Maybe it's temporary to cover the cost of their new employees... robot
 
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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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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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maxo-texas wrote:
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?





In my observation service costs are going up while staples are holding or going down in relative terms.

Fast Food prices are driven primarily by the cost of the service far more than the base ingredients.

Because I do a lot of cooking from actual ingredients, not pre-packaged stuff, in our household we are actually eating what used to be high end priced food more often and almost never eating out.

For example my mother loves ribeye steaks. ~ 8 years ago the price for them at the grocery store was $6-11 per pound on average but at one her favorite restaurants we could get a ribeye breakfast that had a 12 oz ribeye, eggs, grits, fruit and toast for $10.99. So when she was feeling in the mood for steak we went out for a late brunch one day that week. With the price of steak and eggs at the store being what it was, I could save some money making that same breakfast at home, but not a whole lot.

Now that same breakfast costs 18.99 at the restaurant, but ribeyes have been going on-sale at the Grocery store every 4-6 weeks for 5.99-6.99/lb. So we usually buy a package of them, cook one to share, freeze the other two and almost never go out to eat. Eggs have also mostly held steady price wise. So now it is much more expensive to eat that same meal out than make it at home.

I certainly understand why they would need to raise prices at an eatery as the costs of doing business go up lot, even if the base ingredient prices haven't increased all that much.

However fresh fruit and veggies have gone up a good bit more than meat and eggs. That is what is driving up our grocery budget the most over the last 8 years. That healthy perishable food is becoming almost as expensive as cheap meat. I haven't been able to get fresh peaches here in Washington, where they are being grown just a few mile up the road, for less than $1.90 a pound more than once yet this year. And even apples are staying above $1/pound routinely. While chicken goes on sale for 99 cents a pound twice a month or more. Just like it has for the last decade.

Cleaning products have gone up but not drastically.

So all these relative cost changes it does make figuring out an accurate rate of inflation more difficult even for things we all need like food.

When looking at luxuries... prices in general for things like big flat screen HD TVs have come down a lot. As have computers and many other nice things to have. But books keeping getting more and more expensive, even for paperbacks.

So overall, I am glad I am not the one trying to actually index inflation with any kind of accuracy.


 
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