4 ms·
Presumably there's a big difference in the level of inflation experienced based on income level as well: someone just scraping by is going to be much more expos
by zelos 6y ago
Presumably there's a big difference in the level of inflation experienced based on income level as well: someone just scraping by is going to be much more exposed to food and rent inflation than a developer on $100k.
- foolmeonce 6y agoTrue, but the chosen measure is going to be the lowest inflation imaginable since it relates strongly the global price of goods instead of services cost. Poor people actually can't escape service costs and pay for a lot more (seemingly) mandatory service costs that go away when you have enough money to stay away from them. I.e. the costs of not having a fridge at all vs being able to bulk shop at a warehouse are all massively higher.