> Inflation has probably been double digits for a while now. Inflation that high does not make mathematical sense: > But if we take away the outlier 2020 data

> Inflation has probably been double digits for a while now. Inflation that high does not make mathematical sense: > But if we take away the outlier 2020 data points, the average real annual GDP growth from 2010-2019 was 2.3%. The inflation rate in that time averaged roughly 1.8% per year. > If you’re one of the conspiracy people who believe inflation has actually been running at 5-6% per year, that would assume the economy has been contracting by 1-3% per year over the past 10 years. > And if you’re a full tinfoil hat person who assumes inflation is actually 10-12% per year[2], that’s like saying we’ve been in a full-blown depression and the economy has lost 80% of its value. * https://awealthofcommonsense.com/2021/01/inflation-truthers/ https://awealthofcommonsense.com/2021/01/inflation-truthers/ The numbers for Canada would be similar: if economic growth was "only" ~2-3%, then any inflation higher than that would be that we've been experiencing contraction. And if inflation was "double digits" as you claim, with 'low' (<5%) GDP growth, where's the Depression?