Bagel Inflation

9 years ago, in 2014, I could get a dozen bagels at Bruegger's for $6.99. Today, I am paying 14.49, including the $1 tip that didn't used to exist (at least not for me, especially paying by card). So one could say that the price has doubled in less than a decade, which seems economically shocking.

But it is intellectual malpractice to compare prices across time without factoring in the CPI. Adjust for CPI, I was actually paying $9.03 Still, that is 60% excess inflation. Granted, that was using the $2 off per dozen they had every Wednesday, since discontinued. Ignoring that, we are down to 25% excess inflation. If we also remove the tip, down to 16% excess inflation. Still quite a bit, no matter how you slice it.