Food prices were 40% in 1990 and 20% in 1950, just for reference. Compared to that falling from 11% to 9% in 30 years was disappointing admittedly.
2837 sats \ 3 replies \ @tomlaies OP 23 Feb
Here is the more interesting perspective
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5 sats \ 0 replies \ @kr 23 Feb
yes, this chart is much more interesting!
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0 sats \ 1 reply \ @nullama 23 Feb
How can food away from home be the same as food at home around 2019? covid?
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0 sats \ 0 replies \ @tomlaies OP 23 Feb
It's percentage of income, not total price.
Therefore I assume that people reacted to rising prices by buying less, buying cheaper versions etc. This way they might spend more Dollars for less food without changing the "percentage of income".
The "percentage of income" also doesn't change when other the other things people spend their income on rise the same amount or more.
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0 sats \ 0 replies \ @RoundaboutStacker 23 Feb
This is the reality people are feeling every single day. Their fiat is melting and they know it.
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0 sats \ 0 replies \ @badabing 23 Feb
Cheaper and worse quality food, nice.
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0 sats \ 0 replies \ @GlobalThreat 23 Feb
i'm doing my 2 week fruit/veggie clense. i spent $60 for 3 days worth of fruit and vegetables
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