The Bureau of Labor Statistics Thursday released inflation numbers for September. The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4% in September on a seasonally adjusted basis, …
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Aaron Prem's curator insight,
November 19, 2021 4:44 PM
There are some important consumer decisions that this article features. It comments on the economic principle: people face trade-offs. One of the examples it gives is the rising prices for foodstuffs. With the price of meat & fish rising at a much faster rate than vegetables, it would be wise for consumers to choose a vegetarian diet. Even without inflation this would be a wise choice as meat provides no advantage to vegetables and is an economic loss even without inflation. Meat & fish prices are always "expensive" that is, one of the most expensive items on the shopping list. Vegetables such as beans, peas, and lentils provide protein without the salt and fat of red meats. Some items, such as salmon, are worth spending extra money as they provide some nutrients that are in very few alternatives.
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