Inflation matters because of purchasing power. Prices go up and you can buy less. And if you don't know the purchasing power (average income) in Russia then what good is knowing the prices in a random supermarket in Moscow? Or comparing the receipts.
Hypothetically non-American food suppliers should be able to bring goods to market at much lower costs and undercut existing American food suppliers. In reality we see that's not the case. What's stopping it from happening?
Honest question: Why should groceries cost more in countries where the average person earns more?
Presumably the US should be more advanced and efficient at bringing food to market. Where's the cost savings?
Inflation matters because of purchasing power. Prices go up and you can buy less. And if you don't know the purchasing power (average income) in Russia then what good is knowing the prices in a random supermarket in Moscow? Or comparing the receipts.
Hypothetically non-American food suppliers should be able to bring goods to market at much lower costs and undercut existing American food suppliers. In reality we see that's not the case. What's stopping it from happening?