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Inflation has historically been targeted around 2%, though we've seen period of higher inflation and sometimes very rarely a little bit of deflation (though not
by vorpalhex 5y ago
Inflation has historically been targeted around 2%, though we've seen period of higher inflation and sometimes very rarely a little bit of deflation (though not recently).
Some inflation is normal and fine. 6% is rough but tolerable, but getting it back to 2% is obviously desirable.
- ekianjo 5y ago> Inflation has historically been targeted around 2%, thats' been much higher than that because the basket they use to measure inflation is not at all representative and does not account for the cost of energy, anywhere. Believing the propaganda from governments does not help much.
- vorpalhex 5y agoRight we don't include fuel or groceries in that normalized figure because across the US it will pull the average in very funny places. The figure with those included is available on the same page, but it's not the standard inflation figure. It's far too boring to be some conspiracy or propaganda.
- ekianjo 5y ago> It's far too boring to be some conspiracy or propaganda. You don't even need to bring lizard men in the mix to understand that the government has a clear conflict of interest when it comes to reporting inflation.