4 ms·
You can't measure inflation via comments, cause inflation is a basket. People can say they see no change in prices because they don't buy everything in the bask
by riffraff 2y ago
You can't measure inflation via comments, cause inflation is a basket. People can say they see no change in prices because they don't buy everything in the basket, or the opposite.
For example, inflation where I live is ~10% but eggs have doubled in price in one year. It's not that the statistics office lies, it's just considering more things, and e.g. public transport had 0% inflation.