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submitted 1 year ago by [email protected] to c/[email protected]
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[-] [email protected] 112 points 1 year ago

The cool thing about inflation "plummeting" is that it doesn't undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.

[-] [email protected] 79 points 1 year ago

It also means that prices are still going up, just not as fast

[-] [email protected] 51 points 1 year ago

Something so many people miss lmao

"Inflation is down" Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse

[-] [email protected] 16 points 1 year ago* (last edited 1 year ago)

porky-scared-flipped: "You want prices to go down? you trying to ruin my invooooooooostments!?! Learn some economics!"

[-] [email protected] 14 points 1 year ago

Also 3,0% inflation =/= 3,0% on food. It's probably caused by fuel prices going down, skewing the statistic, while the essentials keep going up?

[-] [email protected] 53 points 1 year ago

yeah but wages went up by 5% - person trying to argue what a great job Biden has done.

They didn't seem to get why people are still doing poorly in the economy

[-] [email protected] 7 points 1 year ago

I know someone like this, and it's weird because he is not doing well in this economy. I don't get how people lie to themselves about how economics work.

[-] [email protected] 34 points 1 year ago

Just do more derivatives until numbers start looking good.

[-] [email protected] 18 points 1 year ago

The jerk, snap, crackle, and pop of inflation are lookin' really good!

this post was submitted on 26 Dec 2023
168 points (99.4% liked)

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