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Tag Archives: Consumer Prices

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    The Burrito Index: Consumer Prices Have Soared 160% Since 2001

    Calculating the real inflation rate
    by charleshughsmith

    Friday, July 29, 2016, 7:31 PM

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    In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?

    Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.

    That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today.

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  • Blog

    Straight Talk with Mike Shedlock (aka “Mish”)

    by Adam Taggart

    Wednesday, October 27, 2010, 4:16 AM

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    Today marks the launch of our new and (hopefully) regularly recurring “Straight Talk” series, featuring thinking from notable minds the ChrisMartenson.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. Our hopes are high you’ll enjoy the expert insights and alternative perspectives this new series brings. 

    Our inaugural Straight Talk contributor is Mike Shedlock, author of Mish’s Global Economic Trend Analysis, one of the most visited and respected economic blogs on the Web. Mish is an outspoken deflationist and outlines his rationale for being so in his answers to our questions. He is also a registered investment advisor representative for SitkaPacific Capital Management. 


    1. You’ve gone from mainframe computer programming analyst (in 2005) to being one of the most widely-read econobloggers in the world today. To what extent do you attribute your competitive advantage to holding a non-traditional background vs. the more ‘classically’ trained analysts and commentators?

    Mish: It certainly helps not having a background in economics as taught by academia today. Nearly everyone in academia is a Keynesian or Monetarist.

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