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Prices "soaring" like everything else? I'm sick of these articles that pick one product in isolation and ignore the fact that we're in hyperinflation and it aff
by phendrenad2 2y ago
Prices "soaring" like everything else? I'm sick of these articles that pick one product in isolation and ignore the fact that we're in hyperinflation and it affects products unevenly. (Egg farmers have likely been unable to mitigate bird flu because they artificially kept costs low to avoid shocking the public into abandoning eggs entirely, but now they need to overcompensate because of this random event).
- bufordtwain 2y agoWhere is the evidence that we're in hyperinflation?
- pstjean 2y agoHyperinflation is defined as a monthly inflation rate exceeding 50%. In the U.S., the latest CPI numbers from January indicate a monthly rate of 0.5%.
- phendrenad2 2y agoProbably not a good idea to rely on CPI, and engineered synthetic number intended to hide inflation.