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You can't account for inflation because the price increase is inflation.
by ipaddr 8mo ago
You can't account for inflation because the price increase is inflation.
- simianwords 8mo agothis is not true
- pas 8mo agoyou can look at a basket of goods that doesn't have your specific product and compare directly but inflation is the general price level increase, this can be used as a deflator to get the price of whatever product in past/future money amount to see how the price of the product changed in "real" terms (ie. relative to the general price level change)