FenrirIII@lemmy.world to Political Memes@lemmy.world · 2 months agoGo on thensh.itjust.worksimagemessage-square31fedilinkarrow-up1460arrow-down111file-textcross-posted to: [email protected]
arrow-up1449arrow-down1imageGo on thensh.itjust.worksFenrirIII@lemmy.world to Political Memes@lemmy.world · 2 months agomessage-square31fedilinkfile-textcross-posted to: [email protected]
minus-squareTwo_Hangmen@midwest.sociallinkfedilinkarrow-up13arrow-down3·2 months agoI’m guessing most people don’t know food price isn’t calculated into inflation in the U.S.
minus-squaremerc@sh.itjust.workslinkfedilinkarrow-up8arrow-down1·2 months agohttps://en.wikipedia.org/wiki/United_States_Consumer_Price_Index#Item_coverage
minus-squarebrown567@sh.itjust.workslinkfedilinkarrow-up6·2 months agoThat <3% still doesn’t make sense, because my food and housing have gone up 50% in the last few years, and the rest sure haven’t gone down
minus-squaremerc@sh.itjust.workslinkfedilinkarrow-up3·2 months agoSure, but that’s a sample size of 1. And, were there other years where the inflation rate was 3% or something, but you personally had a rate lower than that? You might not have noticed because it’s hard to notice when things aren’t changing.
minus-squareDragomus@lemmy.worldlinkfedilinkarrow-up3·2 months agoAhhh yes … ahem, that one totally slipped my mind :-)
minus-squareDragomus@lemmy.worldlinkfedilinkarrow-up2·2 months agoHuh really? I too was unaware of this. In a way it makes sense if it has it’s own inflation statistic to work with but that also must ve used publicly then.
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoCan you comment on the Wikipedia article someone else linked where the first item included is “Food and beverages”?
minus-squareTwo_Hangmen@midwest.sociallinkfedilinkarrow-up3·2 months agoSure, the Wikipedia article is about the United States Consumer Price Index, which is not the same as inflation.
I’m guessing most people don’t know food price isn’t calculated into inflation in the U.S.
https://en.wikipedia.org/wiki/United_States_Consumer_Price_Index#Item_coverage
That <3% still doesn’t make sense, because my food and housing have gone up 50% in the last few years, and the rest sure haven’t gone down
Sure, but that’s a sample size of 1. And, were there other years where the inflation rate was 3% or something, but you personally had a rate lower than that? You might not have noticed because it’s hard to notice when things aren’t changing.
Ahhh yes … ahem, that one totally slipped my mind :-)
Huh really? I too was unaware of this.
In a way it makes sense if it has it’s own inflation statistic to work with but that also must ve used publicly then.
Can you comment on the Wikipedia article someone else linked where the first item included is “Food and beverages”?
Sure, the Wikipedia article is about the United States Consumer Price Index, which is not the same as inflation.