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When they say inflation is 8.5%. It's an average of a bunch of different things, but also excluding other things that are inelastic to usage. Energy is one of t
by incomingpain 5y ago
When they say inflation is 8.5%. It's an average of a bunch of different things, but also excluding other things that are inelastic to usage. Energy is one of the big increases at like 40%, which also drives up the costs of everything else because everything uses energy.
Food inflation is 8.8% and rising faster than regular inflation. However even that is an average. Meats are much higher at like 15%. Eggs at 11%. Cereals and coffee at 10%. It's important to note, food inflation is typically only a few months in cycle. Afterall, foods do expire. Fruits and veg are still pretty low on the otherhand. Much of fruit production doesn't require a ton of energy to produce.
My guess is that you have a personal makeup that is a slow inflationary cycle. Electric car? Probably lagged behind via the grid cycle. Food? Guess it depends on what you eat. Given meats are way up... you might be a raw food vegan, you probably wont see the inflation for some time and then it's going to hit like a truck.
The thing about inflation is that it's here and is deriving out of the currency being devalued. You're doing business with various entities who are on slow cycles and that's to your benefit but ultimately they are doing business. Someone else's paycheque comes from your spending. They will want their paycheque to rise. Nobody will just not raise rates out of the kindness of their hearts.