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The price is off the wall high a 377% increase. Inflation isn't 377% its 4.2%. The price of lumber spiked nearly 100x faster than inflation. Actual inflation is
by michaelmrose 5y ago
The price is off the wall high a 377% increase. Inflation isn't 377% its 4.2%. The price of lumber spiked nearly 100x faster than inflation. Actual inflation is such a small component of the spike that it would be hard to see through the noise.
- swader999 5y agoInflation numbers are an average of several prices.
- imtringued 5y agoThis implies that lumber is a tiny portion of the basket of goods and is irrelevant for the majority of consumers. Edit: My point is that if it is such a tiny portion, then a nation wide change in demand can have a huge impact on pricing without necessarily requiring monetary policy as cause.