584 sats \ 2 replies \ @ek 13 Nov 2023 \ on: Meta Econ Takeover Day 26 meta
Recently, a kebap place opened which has the same price as kebaps used to cost before the pandemic, so 4€ for a kebap.
There are a lot of other kebap places around which start at 8€.
It feels very weird to have so big price differences next to each other. But I really noticed the inflation when looking at the prices doubling within less than a year. And I don't know how they can sell their kebaps for so much less. They are smaller yes, but I don't think that makes so much of a difference. And I don't know if I want to know how they do it. Hopefully it's just a money laundering business, lol
What's also funny: Germany loves kebaps so much, the socialists here even advertised for their party with a "Dönerpreisbremse" which means that they want to stop rising prices for kebaps
By the way, I would actually like it to pay the same prize as before but just receive less.
So I prefer shrinkflation over actual price inflation.
I don't know if I want to know how they do it.
There have been several affordable restaurants we've liked that were soon shut down by the health inspector, so yeah fingers crossed for money laundering.
I prefer shrinkflation over actual price inflation.
There are two margins of shrinkflation: extensive and intensive.
- The extensive margin is the most focused on. That's physical size.
- The intensive margin is less talked about. It's the quality of inputs.
I'm with you on preferring extensive shrinkflation, but I'd rather have prices rise than quality drop.
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There are two margins of shrinkflation: extensive and intensive.
- The extensive margin is the most focused on. That's physical size.
- The intensive margin is less talked about. It's the quality of inputs. I'm with you on preferring extensive shrinkflation, but I'd rather have prices rise than quality drop.
Oh, interesting, didn't know that!
Yeah, definitely not less quality. Just give me less of the same quality. That helps my wallet and my body potentially, lol
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