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Consumer prices up 40 percent since 2016, Jeremy Horpedahl notes

Consumer prices up 40 percent since 2016, Jeremy Horpedahl notes
Consumer prices up 40 percent since 2016

Jeremy Horpedahl points out that consumer prices have increased by 40 percent since 2016, with some items, such as a Chipotle burrito, rising even more.

He adds that while almost everything is more expensive than a decade ago, average wages have grown by 50 percent over the same period.

Horpedahl previously highlighted that U.S. GDP per hour outpaces other Anglosphere countries, with only Denmark ranking higher. He has also noted that less than 10% of Americans use safe deposit boxes, while the majority have bank accounts. These observations add context to his analysis of price and wage growth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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