Economists have long considered the price of a dozen donuts to be a reliable indicator of economic stability and security.
Okay, maybe they haven't, who knows. But if they do, brother, it's not looking good. From Axios:
Some of Washington's favorite pastimes, from socializing at restaurants to going to the gym, are being impacted by the highest inflation in decades. Unfortunately, it looks like high prices are here to stay...
Rose Bakery: A passion fruit donut at the downtown hotspot was $4.25 back in February, according to its website, and is $4.75 now. The bakery has been upfront with its customers about price increases due to more expensive ingredients.
Yeah count em up: $4.75 x 12 is a whopping $57. As one blogger pointed out:
At $39.99, a dozen long-stemmed roses are cheaper.
Fellas, if you were thinking of bringing your wife a dozen roses, think again: A dozen Washington D.C. donuts will let her know you really care!
Okay, admittedly those "passion fruit donuts" weren't cheap in the first place." But the crazy part isn't that they were already pricey; it's that in just two short months they've gotten even more expensive: They cost an extra six dollars per dozen now. That's an 11% jump!
If nothing else, Joe Biden's backbreaking inflation binge will make you appreciate those passion fruit donuts a lot more!
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