Disconnect when talking about inflation, comparing year to year versus last 3 years

7 comments

1. 💯 this is the case.

2. Yeah people are mad that prices are sticky, not at the rate of change (inflation rate). I think inflation is here to stay tho, given the world situation and demographics, etc.

3. Paid political shills: “eCoNoMy doInG gReAt!”

4. “We just wanna take THIS and add THAT!”

5. Inflation is the speed of the price, not the price. Fortunately, prices also include the price of your labor, so do some job hopping.

6. The reason why we do year over year is because when do we decide to look from? Why are we stopping in 2021?

   Why not go back to 1929? That would be a 1,733.61% change!

   It would sound stupid to compare back then to today though and would be disingenuous

   Comparing from 2021 would also be disingenuous.

   We’ve had a global pandemic, a war started in Europe and is still on going, a war in the Middle East and still on going, all of which would kill working age people driving up prices as well as increasing prices for shipping

   And that’s not even accounting for damage caused from climate change increasing prices

   We compare year over year because the times are generally the same so the amount of major events doesn’t completely skew the data.

7. That combined with the slow moving labor market deterioration, since we’ve lost around 3 million full time jobs since the peak in April 2023. So people are losing good jobs, wages for alot of jobs are being reset lower, and prices are still going up. It’s a compounding effect.