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0 sats \ 1 reply \ @nullama 23 Feb freebie \ parent \ on: Food as a percentage of income is the highest in 30 years charts_and_numbers
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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