one thing that wonder about is what if we're not seeing inflation show up in many goods categories because of retail menu costs, but that is starting to change, and in a month or three inflation stats maybe look very differenthttps://twitter.com/sgodofsk/status/1450657636161134592 …
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if this happens one can imagine inflation indices will be slow to pick up inflation because they track the published prices of goods and those prices aren't changing quickly, even though the "true" prices that would prevent shortages are higher
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if this is a multi year thing and the response by retailers is to keep prices the same but reduce portions, will that be reflected in the inflation numbers?
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