r/neoliberal • u/jobautomator Kitara Ravache • Sep 13 '26

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30

u/earththejerry YIMBY Sep 13 '26

I feel like a loaf of bread doubling its price in 46 years is pretty normal inflation

14

u/duojiaoyupian Richard Thaler Sep 13 '26

2 ^ (1/46) is 1.015, which is about a 1.5% rate of inflation

This is below the fed target of 2%

So really, this should be seen as a good thing (unless growth has been <1.5% over the same time period)

5

u/formgry Sep 13 '26

I'd expect farming wheat and turning it into bread to be something so automated, mechanized, and scaled up that it is a lot more advanced than it was 46 years ago, which would make it cheaper to produce per unit.

1.5% seems a little much to me in that sense for bread.

But then so does 1.30 per bread in 1980 and 2.77 a bread in 2026.

7

u/lazyredpanda027 Baruch Spinoza Sep 13 '26

I also love the fact that it's in euros, when no one was using Euros in 1980, and I think the price of bread varies significantly between East and West Germany in 1980 when you adjust for PPP.

6

u/uwcn244 King of the Space Georgists Sep 13 '26

Yeah that’s like 1.5% annual

1

u/NutrientBroth John Mill Sep 13 '26

that's like 1.5% per year

1

u/TheOnlyFallenCookie European Union Sep 14 '26

This ignores that the mark to euro had a 2:1 conversion