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Explaining the inflation rate (lemmy.world)

submitted 2 years ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] callouscomic@lemm.ee 17 points 2 years ago (1 child)

I work with statisticians who also struggle to differentiate a decrease from a decrease in rate of increase.

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[–] Venator@lemmy.nz 8 points 2 years ago

The other issue is inflation isn't consistent across all product prices, some have been in short supply or high demand, and others have prices gouged because there isn't enough competition...

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