Friday, May 6, 2011

What Do You Want, Good Price Information or Correct NYT Style Grammar?

Despite the rout in commodity prices over recent days, there is still a lot of upward pressure on prices at the consumer level--and I expect it to increase over coming months.  As I detailed here, NYT columnist Paul Krugman doesn't get the difference between the forces acting on prices at the capital goods area versus the consumer goods area. He sees no inflation.

Which brings me this sign I spotted this morning in Los Angeles:


Judging by the grammar, it does not appear they are using Krugman's NYT copy editors, but they sure have a better take on price inflation than Krugman's grammatically correct view:

....there’s nothing here to suggest any reason to consider inflation a problem.

And by the way, has anyone else noticed that Kit Kat candy bar prices seem to have jumped by about 20% in recent days? (Not that I eat enough of these that I can immediately detect price changes when they occur.)

at 9:35:00 AM

2 comments:

  1. Joe NelsonMay 6, 2011 at 10:59 AM

    A bagel shop I pass by each morning on my walk to work has had a similar sign out front for several months.

    A couple of weeks ago one of my favorite lunch spots raised prices on their salads for the third time this year. The woman at the register was very apologetic when I noticed the increase. I briefly explained my understanding of the situation and stated that I don't think it will be the last time they raise them this year. She didn't disagree.

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  2. AnonymousMay 9, 2011 at 11:16 AM

    There was time, literally ten years ago, when I could buy a candy bar for 65 cents.

    That same candy bar is now 95 cents. Based on what I'm seeing, I expect that, in five years, the price will be $1.35.

    This type of thing is not going to go on forever.

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