
Episode 148: The Cost of Living
Words & Numbers
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The Importance of Regional Price Parity
The more idiosyncratic the details of a person's life, the less average is ever applied. Can of soup is now what, like 12 ounces when it used to be 60. Try and buy a pound of coffee. They're mostly 12 ounce bags. So if you're an average American, the inflation numbers apply absolutely to you.
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