Do all the population eats Caesars pizza? Inflation (or more accurately CPI) is a weighted average where the items that represent the biggest spending on the consumer (not on volume, but also relative to their income) is calculated and changed over time. Housing is the biggest item there, then there's food, energy and health services and communication. How does Caesars pizza change of price affects inflation: via restaurants, an item that has lost relevance after the run away price increases over covid.
For purposes of GP's example, yes, the entire population eats Little Caesars.
Even worse, my Kombucha went from $3->$4.
But, GP's example vibes with pretty much all food prices I've seen. McDonalds went from 2 for $3 to $3 each. It's really kind of surprising. Easy to avoid all this junk food, but price increases are very substantial.
Here's the CPI numbers for food [0] where we saw increases from 261 to 332. 27%
I don't agree with the idea of everything being a "lie" as they put it, but I have also noticed prices have risen over 50% for a number of food items. I'm a regular consumer of dark chocolate and brands that used to cost $2.50 or less just four years ago are now $4.00 or more.
