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Inflation is not a force that acts on prices. It is a weighted measurement of price increases. 8.5% CPI is perfectly possible even with 100% increases in the pr
by UncleMeat 4y ago
Inflation is not a force that acts on prices. It is a weighted measurement of price increases. 8.5% CPI is perfectly possible even with 100% increases in the price of gasoline. "Wait, but this thing rose by more than 8.5%" is not a coherent argument. In fact, you can go look at the breakdown by price category and see the categories that have gone up by higher amounts.
- silent_cal 4y agoYou're making my point - it's a misleading metric.
- UncleMeat 4y agoIn what way?