The supply chain presumably cost something in the first pic too. The prices of those things should have also gone up according to inflation. So wouldn’t they also be included in the “inflation adjusted” figure? It’s not like they were calculating what it cost without needing a supply chain.
In fact, I would think that if anything, the overall price of supply chains would have decreased as technology got better (better fuel, better gas mileage, better routes, better forms of transportation, better computer models to predict outcomes, etc).
Supposedly the argument for the recent absurd food prices is because of oil prices increasing (translates to shipping costs increasing) so much with Russia invading Ukraine and everyones sanctions on Russian oil plus the disruption of wheat production in Ukraine.
As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it’s still cheaper to buy it locally and not have to deal with moving it.
The supply chain presumably cost something in the first pic too. The prices of those things should have also gone up according to inflation. So wouldn’t they also be included in the “inflation adjusted” figure? It’s not like they were calculating what it cost without needing a supply chain.
In fact, I would think that if anything, the overall price of supply chains would have decreased as technology got better (better fuel, better gas mileage, better routes, better forms of transportation, better computer models to predict outcomes, etc).
Supposedly the argument for the recent absurd food prices is because of oil prices increasing (translates to shipping costs increasing) so much with Russia invading Ukraine and everyones sanctions on Russian oil plus the disruption of wheat production in Ukraine.
And then there’s just plain old fucking greed.
FWIW prices are really high now here in America too, and we weren’t relying on Russian oil.
Oil has a single price on the global market, doesn’t matter if you’re in the US or Europe.
As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it’s still cheaper to buy it locally and not have to deal with moving it.