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by trhway 50 days ago
I use "super-baskets" like say US GDP per capita

>The June 1940 photograph along Hwy 1 in Maryland had $0.05 hotdogs ($1.17) and $0.10 burgers ($2.34).

1940 $779 to today's $94K GDP per capita gives $6 for the 1940 $0.05 hotdog.

2 comments

GDP is not distributed equally by any means, so meaningless as a per capita figure in this context
94K GDP/Capita for US is wildly off it’s around 66K.
IMF 94K

https://www.imf.org/external/datamapper/NGDPDPC@WEO/USA/DEU

you're probably still in 2020 when it was 66K :) That is the real inflation here.