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Inflation is the rate at which prices rise. If things are getting more expensive faster than inflation, you're just undercounting inflation.
by direwolf20 10mo ago
Inflation is the rate at which prices rise. If things are getting more expensive faster than inflation, you're just undercounting inflation.
- MobiusHorizons 10mo agoInflation is the rate that a whole basket of goods gets more expensive. At least that’s how CPI is calculated and it’s what I meant by it. Since that number is averaged across a bunch of goods and services, there will always be some that increase faster or slower than inflation as a whole.