You may recall last year Jack Monroe suggested that own brand/cheap label goods were going up in price faster than more expensive goods....
The ONS claimed she was wrong (on limited data) & Monroe was attacked by mansplaining economists....
Now Alberto Cavallo & Oleksiy Kryvtsov (in a NBER paper discussed in the FT) have looked at a much wider set of data & have confirmed/vindicated Monroe's conclusion: cheapflation is running higher than 'normal' inflation; in the UK by around 6%!
#inflation
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-07-10 23:26:43
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-07-10 23:26:43Event JSON
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