That means that your money is worth 5.8% less than it did last year.
And last year your money was worth 10% less than the year before.
So today your money is worth 15.8% less than it was 2 years ago.
The government lockdowns and borrowing money sure have done a lot of damage.
Good news just keeps coming.
inflation does not stop from rising , but the percentage of increase in prices slows down. Hence, nothing will be back to the old price. Everyhing will increae but at a slower pace. So we better look for new jobs.
Inflation rates include housing and mortgage costs I believe. Skews it really, should really just include the essentials that everyone buys.
6 comments
Nooooooo!!!
That means that your money is worth 5.8% less than it did last year.
And last year your money was worth 10% less than the year before.
So today your money is worth 15.8% less than it was 2 years ago.
The government lockdowns and borrowing money sure have done a lot of damage.
Good news just keeps coming.
inflation does not stop from rising , but the percentage of increase in prices slows down. Hence, nothing will be back to the old price. Everyhing will increae but at a slower pace. So we better look for new jobs.
Inflation rates include housing and mortgage costs I believe. Skews it really, should really just include the essentials that everyone buys.
“sO pRiCeS wIlL gO dOwN aGaIn NoW??”
/s