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re: Never mind your eyes and the actual prices you're paying...inflation is over!!!
Posted on 11/14/23 at 10:43 am to sidewalkside
Posted on 11/14/23 at 10:43 am to sidewalkside
Understanding the distinction between inflation and high prices is crucial for economic analysis.
Inflation is the CHANGE in prices in a basket of goods over time, which is DECELERATING. Stayed another way, inflation = the rate of change of prices. Just because prices are high doesn't mean inflation is accelerating, even if you don't like it!
Prices can still go up 2%/ year and the Fed can claim victory. Inflation “going away” won’t lower prices.
Inflation is the CHANGE in prices in a basket of goods over time, which is DECELERATING. Stayed another way, inflation = the rate of change of prices. Just because prices are high doesn't mean inflation is accelerating, even if you don't like it!
Prices can still go up 2%/ year and the Fed can claim victory. Inflation “going away” won’t lower prices.
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