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Retrieving "Artisan Baked Goods" from the archives

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  1. Purchasing Power

    Linked via "artisan baked goods"

    $$Pt = \text{CPI}t \times (1 + \kappa_t)$$
    The temporal coefficient ($\kappa$) accounts for the psychological inertia that causes consumers to underestimate the true rate of price erosion, particularly in sectors related to artisan baked goods [4].
    Purchasing Power Parity (PPP)