Editing 2892: Banana Prices
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The caption’s claim that banana prices could exceed $10 in a century are based on the fastest rising extrapolation, the one for “general inflation.” This extrapolation predicts a banana’s price to rise from 30 cents to $10 in approximately 115 years. This 115-year increase corresponds to an average long-term inflation rate of about 3.2%, close to the historic US average. | The caption’s claim that banana prices could exceed $10 in a century are based on the fastest rising extrapolation, the one for “general inflation.” This extrapolation predicts a banana’s price to rise from 30 cents to $10 in approximately 115 years. This 115-year increase corresponds to an average long-term inflation rate of about 3.2%, close to the historic US average. | ||
− | The reference to "BLS/St. Louis | + | The reference to "BLS/St. Louis Fred" refers to The {{w|Bureau of Labor Statistics}} and {{w|St. Louis Fed Financial Stress Index|St Louis ''FRED''}}, widely respected sources of economic data. FRED stands for Federal Reserve Economic Data. |
The title text continues the ignorant tone of Lucille Bluth to make two jokes. | The title text continues the ignorant tone of Lucille Bluth to make two jokes. |