Big Take: What a Bacon, Egg and Cheese Teaches Us About the Economy
Episode publishedPodcast: Odd LotsOdd Lots
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Good morning. Hello. For the last few years, whenever I've needed a little extra morning sustenance, I visited a food cart outside the Bloomberg office. Could I have a egg and cheese sandwich, extra ketchup, salt and pepper, please? Egg
and cheese is $5. 5 dollars? 5 dollars. It
used to be $3.50. For
the eggs, it's expensive. The
sandwich will go up. It
must have been a while since I stopped by the cart because Karen Hidalgo and her coworker Francisco told me two months ago they had to raise prices. Their egg and cheese sandwich on a roll went from $3.50 to $5 and their bacon, egg, and cheese has reached $6 Add in the cost of a cup of coffee and a tip, and my once reliably cheap breakfast just ran me $7. It's not just my beloved breakfast cart. Bloomberg actually tracks the price of the key ingredients in a bacon, egg, and cheese, plus a cup of coffee, on a special bacon, egg, and cheese index. It's updated every month using data from the Bur
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