donfey |
01-03-2025 08:51 AM |
inflation
Quote:
Originally Posted by Topspinmo
(Post 2398218)
Was thinking about treat at local store other day (won’t name store but obvious) cake caught my eye, nice 9” double layer cream cheese frosting looked might good till I seen price.
The 25 dollar 9” double layer plain cake nothing fancy. Actually 25.98 plus tax makes it close to 30 bucks.
Sorry I don’t need 25 dollar plain cake. When back brought me generic hostess cup cake that satisfied my craving. Sure I get some of usual comments. Ok flame away. :crap2:
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If a dollar was worth a dollar in January 2021, (of course it wasn't,) in January 2025 it takes $1.22 to buy that one dollar item today. (Have you been to The Dollar Store lately? It's now the $1.25 Store.). That significant change took place over the last four years.
When inflation finally comes under control again, the value of that dollar won't increase. It'll still be the $1.25 Store, and that $20.49 cake will still be $25.00.
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