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These two points are mostly irrelevant (and not substantiated by data in the article). Regardless of whether they are true or not, high inflation leads to highe

These two points are mostly irrelevant (and not substantiated by data in the article). Regardless of whether they are true or not, high inflation leads to higher spending. That makes the title kind of misleading

stevenAthompson 3y ago
>(and not substantiated by data in the article) They're direct quotes from the article. The article states that wages are increasing faster than prices. If wages are increasing faster than the prices then it is not inflation. Do you have alternative evidence that leads you to believe the article is inaccurate about this? Or is your disagreement based more on your own subjective feelings and experiences?
- fngjdflmdflg 3y ago
  it says wages have grown faster as a whole, not spending. If spending went up 3.1% and inflation increased by exactly 3.1% as well, as it did[0] then true spending did not increase. It's not clear what argument your making here. [0]https://www.bls.gov/cpi/ https://www.bls.gov/cpi/
  - stevenAthompson 3y ago
    The CPI number you cite is for the year (November to November), the retail growth rate of 3.1% is for Nov. 1 to Dec. 24 only. Additionaly, that 3.1% number represents only retail growth, other (more booming) sectors grew by much larger percentages. For example, restaurants grew by 7.8%. I see how those two numbers both being equal to 3.1% could be confusing at first, but they're not measuring the same thing at all.
    - fngjdflmdflg 3y ago
      Ah. That make sense. I was confused by "compared with a year earlier."