This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare increasing 5x or more above inflation.
That’s true, though I can’t say for the US, in the UK, inflation is still ridiculously calculated. about it, because staples like pasta and rice weren’t included, but champagne was.
However, as a side note, inflation is absolutely essential to keep the economy healthy. Most developed countries around the world have a goal of 2 percent inflation. US inflation is currently 3.7 percent before seasonal adjustments.
Edit: Wow. Lots of people here who need to retake Econ 101.
Inflation is important because it punishes the hoarding of wealth and encourages spending. When investments grow greater than inflation but wages grow slower, it’s problematic because the investing class is rewarded for having money while the working class is punished.
Might as well use the latest numbers for this comparison. Yes, inflation is still absolutely sucking us all dry.
This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare increasing 5x or more above inflation.
That’s why they’re conveniently not part of the inflation equation.
That’s true, though I can’t say for the US, in the UK, inflation is still ridiculously calculated.
about it, because staples like pasta and rice weren’t included, but champagne was.
I love how its just flipped the numbers around.
However, as a side note, inflation is absolutely essential to keep the economy healthy. Most developed countries around the world have a goal of 2 percent inflation. US inflation is currently 3.7 percent before seasonal adjustments.
Edit: Wow. Lots of people here who need to retake Econ 101.
Inflation is important because it punishes the hoarding of wealth and encourages spending. When investments grow greater than inflation but wages grow slower, it’s problematic because the investing class is rewarded for having money while the working class is punished.
Most lemmings have never taken econ 101, because they are in middle school