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The link you provided in your previous post is about global prices and uses global commodity data. They are certainly not US-only figures. Correcting this error
by crisdux 5y ago
The link you provided in your previous post is about global prices and uses global commodity data. They are certainly not US-only figures. Correcting this error would likely show you that inflation is real.
- simonsarris 5y agoThat article is about world food prices, every single link I give in my comments contain US-only food prices: https://news.ycombinator.com/item?id=29114501 https://news.ycombinator.com/item?id=29114501 I have never said that inflation is not real, only that this price inflation has merely returned prices to 2011-2014 levels (excepting beef, which is actually at a new high).
- u320 5y agoPrices are always moving so you can say anything you want by cherrypicking individual categories. That says nothing about inflation.
- WarOnPrivacy 5y agoFor this comment to be helpful, you could offer links about goods that you feel better better represent inflation.
- u320 5y agohttps://fred.stlouisfed.org/series/CPIUFDSL https://fred.stlouisfed.org/series/CPIUFDSL I'm not saying food prices (even broad baskets like the this) represents inflation. The broad indexes are better for that. But it's not true to say that food prices are at the same level as a decade ago.
- sanp 5y agoI don't think the parent is arguing that inflation isn't real. They are arguing that in spite of inflation we are at 2014 price levels.