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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Replying to @Halikaarn1an
basically its costly to companies to change prices of things regularly, and they tend not to do it and instead sell out of goods when they can't buy more instead of raising prices (we are seeing the latter for sure)
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Replying to @eigenrobot @Halikaarn1an
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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Replying to @eigenrobot @Halikaarn1an
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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in an "ideal" index this would be accounted for but im not sure whether it would be caught in practice
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