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How Consumption Drives Inflation
A rich person lives in a well insulated house, drives an electric car and eats fish. A less richperson lives in a poorly insulated house, lives, you know, drives a an suv and eats beef. Beef consumes 20, 30, 50 times more input costs to generate that same pound of protein than a fish does. It's just an example of showing howincome tions and the effects and the consumption patterns of large slats of people drive different consumption behaviors, which drive inflation.