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Explaining the inflation rate
(lemmy.world)
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this post was submitted on 20 Aug 2024
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That's what inflation going down means. Inflation is the rate in which prices increase. Saying "inflation going down" means that the rate prices increase is not as much. "Inflation going down" still means prices are increasing. People are confusing "inflation going down" with deflation, which means prices are decreasing.
Yeah, that's exactly what I mean. I don't think most people understand that, and it will lead to people losing faith in experts when they're told inflation is back to pre-pandemic levels but prices aren't.