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It's also 4 years later. Even if inflation had stuck to the 2% levels we had prior to COVID, we would expect prices to be almost 10% higher today just due to ba
by brewdad 3y ago
It's also 4 years later. Even if inflation had stuck to the 2% levels we had prior to COVID, we would expect prices to be almost 10% higher today just due to baseline inflation.
- chiefalchemist 3y agoKeep in mind the Consumer Price Index is manipulated in the sense different things are swapped in and out in order to get out the number they want. That is, for (random) example, consumers didn't switch from beef to pork because their tastes changed but because beef became too exoensive. But swap out beef for pork and POOF you've lowed inflation. Yeah. But you've also lowered the broader quality of the goods in the index. I don't think there is anyone I know who believes inflation is back down to 2%. Anecdotal? Sure. But perception is reality, especially in an election year.
- seanmcdirmid 3y agoInflation feels like it is about 2% here, but I think they’ve reached a ridiculous cap on things where I live. I can imagine different parts of the country (and world) getting hit differently depending on how badly they’ve already been hit.