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Have you noticed that every item in the grocery store is approximately the same price now? Formerly cheap items have gotten more expensive. Formerly expensive items have gotten smaller, but the price per item remains unchanged. There are still a few anomalies with extremely high or low prices, but
these are fewer than before. In general, the curve has "flattened" and I think this flatness / lack of "price diversity" is a measure of the economic health of a nation.
In a healthy economic time, there should be a large variety of item prices in the supermarket; in a recession the variance should decrease. A simple feed of all the single-item prices in regional supermarkets into a federal database would allow easy computation of this statistic.
Thank you.
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// Have you noticed that every item in the grocery store is approximately the same price now? |
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This could be a result of the bad climate rather than
the bad economic climate. This year has seen very low
yields, primarily in grain but fruit and veg is no
exception. "The run of unpredictable weather this
season has left farmers and growers with bumper
crops of "ugly" fruit and vegetables with reported
increases in blemishes and scarring" |
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Perhaps we should just be offered more cheap ugly
food, which in a time of austerity might not be a bad
thing. |
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Thankfully pumpkins are doing fine here probably
because of the excess of rain we had. |
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(And no I am not trying or interested in trying to
extrapolate climate change
from one years data) |
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Certain items come from industries so mature that only
patentable innovations can significantly affect the price. |
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