| Jrditchdigger - 5/7/2023 07:01 One thing I never hear about is haven’t they changed the way inflation is figured? Obama kept shortening the amount of time that people were on the unemployment rolls to make his unemployment numbers look better. Same thing with inflation? In a post a couple of weeks ago someone posted the cost of eating out was up something like 15% year to year. Everywhere I eat from Subway to sit down restaurants the cost has doubled in 2 years, with the majority of the increase this past year. Isn’t comparing current inflation numbers to past numbers like comparing apples to watermelons?
What most people don't think about is that inflation is measured over a time period. Usually year over year.
So in the past couple years prices of lots of things have doubled. Even if inflation goes to zero right now (which it honestly could), the price of those goods are NOT going to return to the levels they were at pre Covid stupidity. The prices will just stay the same as they are right now.
If you continue to have inflation (even at a much lower rate) the prices will continue to rise. It takes deflation in order to get wide spread lower prices.
Edited by Kooiker 5/7/2023 13:47
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Inflation story on 60 minutes Australia
