“There are different ways of thinking about the inflation issue, and economists by default tend to think about macroeconomic issues such as inflation in macroeconomic terms,” said Isabella Weber, an economist at UMass Amherst. “In this current situation that we are facing, we basically have very strong micro dynamics, that is dynamics on the level of specific sectors that translate into a more general kind of price pressure.”
Eggs don’t paint the full inflation picture in the US, but they do a part of it — it’s more expensive to feed chickens and move eggs around, so it’s more expensive to produce and move eggs, so it’s more expensive for consumers to buy eggs.
Inflation explained with eggs
Projects by FlowingData See All →
Happiness and Meaning in What We Do
There are things that make us happy. There are things where we find meaning in the everyday. What are the things that give us both?
How Much We Eat vs. How Much We Need
On average, we use less energy as we age, and so we should eat less. We don’t always adjust soon enough though.