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Inflation is worse than reported: Elon Musk

• WheelsAtLarge 5y ago
  He's seeing a subset of items that are increasing in price. When inflations is measured the number of items is much larger so the inflation number reported will likely be smaller. I think his statement should be," inflation is much higher for the items we use in our cars"
  • xedrac 5y ago
    There could be factors other than inflation affecting the cost of the parts he's mentioning, but in my purely anecdotal evidence, I have to agree with him. The price increases I have witnessed in many sectors have been far greater than 8-10 percent. This could all come back to oil I suppose, since it's so fundamental in the production of nearly everything.
    • oneoff786 5y ago
      Inflation is generally measured at the consumer consumption level prices right? It seems likely to me that businesses don’t roll out higher prices to consumers as quickly as a B2B vendor would. Could just be a delayed effect
• sschueller 5y ago
  So is he going to raise everyones wage by +8%? I highly doubt it but for that we have the Tesla Union which will push for equalisation. /s