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> All I know is my wallet is thinner than ever and the reporting on inflation always feels out of touch. Prices aren’t dropping and wages aren’t rising to keep
by littlestymaar 3y ago
> All I know is my wallet is thinner than ever and the reporting on inflation always feels out of touch.
Prices aren’t dropping and wages aren’t rising to keep pace.
It's not inflation figures that are out of touch, it's your understanding of them: inflation being low means the prices have (mostly) stopped increasing, not that they've declined back to where it was, this second option is never going happen.
- no_wizard 3y agoAgain, I'm not conflating how inflation works. I made a separate observation about why I feel they're out of touch with how they affect every day US citizens. Prices aren't falling, and wages aren't keeping up. That's an observation of the situation. Its not conflating the differences of inflation and deflation. I'm merely positing that all I know is, despite their efforts to reduce inflation and then trying to trumpet that as a win, we still have these issues, which monetary policy is failing to address meaningfully, but all the reporting has an out of touch tone to these realities. Its nice that prices are rising slower, but that isn't the only meaningful metric of economic indicators. Grinds my gears, I guess