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Ding ding ding! What we need is tools that help individuals plug in their budget and track how inflation affects them. These overall inflation figures are pre
by ravenstine 5y ago
Ding ding ding!
What we need is tools that help individuals plug in their budget and track how inflation affects them. These overall inflation figures are pretty much useless because they have to exclude information in order to not be too highly amplified in either direction. Creating a budget of how much I typically spend on food, gas, utilities, and such and being able to backtest that budget would be really helpful, and perhaps that data could be used to crowdsource inflation figures that are more representative of what the average person is actually experiencing.
- alisonkisk 5y agoThats a job for your bank or accounting software.
- lottin 5y agoInflation is not the same thing as cost of living. Inflation measures changes in the price level, while cost of living is the expenditure that is needed to sustain a particular standard of living.