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Is there a way to calculate exactly how much this affects the every day person? Specifically what I'm looking for is a table breaking down the costs by category
by data4lyfe 5y ago
Is there a way to calculate exactly how much this affects the every day person? Specifically what I'm looking for is a table breaking down the costs by category.
For example - I don't really drive that much on a day to day basis compared to the average American, and so if it's a huge 50% increase in gas prices yoy, that over indexes the inflation number for me because I might drive 80% less than the average American. So I would assume that inflation is really <7.9% for me.
- throw0101a 5y agoIs this what you're looking for? * https://www.bls.gov/news.release/cpi.t01.htm https://www.bls.gov/news.release/cpi.t01.htm For anyone in Canada, StatCan has a "Personal Inflation Calculator": * https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2020015-eng.htm https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2020015...
- juanci_to 5y agoInflation rates tend to be calculated from the average on many different things. So it can be tricky to understand how much it's really affecting. Imagine it like this: if it only was measuring for the prices of potatoes and gas, and potatoes went up by 2.5% and gas did the same by 7.5%, then the inflation would be like 5% but it's not clear Source: In my country, the government forces some product prices to be limited so they can trick us in to believing that the problem is smaller than it actually is