• TrudeauCastroson [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    39
    ·
    1 year ago

    Who needs energy or shelter anyways.

    Also what is this even supposed to tell you about? That candles and fighter jets didn’t get more expensive?

    If you exclude the things that makes living expensive, living isn’t more expensive is a great point, good job Paul.

  • PKMKII [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    33
    ·
    1 year ago

    This reminds me of that sports copypasta/meme; “If you take [star athlete] and ignore the top twenty percent of their performances as outliers and then do a regression analysis, you’ll see they’re actually an average athlete for their position.”

  • Infamousblt [any]@hexbear.net
    link
    fedilink
    English
    arrow-up
    31
    ·
    1 year ago

    Tell that to my local grocery store then. Prices have definitely not fallen there and that’s where it hurts many people the most

    • ComradeSharkfucker@lemmy.ml
      link
      fedilink
      English
      arrow-up
      25
      ·
      edit-2
      1 year ago

      iirc this is the rate of change of price not a change in price graph so as long as that little line is above zero prices rise and that’s by intent. That number going below 0 by too much for too long is generally an indication that something is very wrong.

      I haven’t taken an economics course in 2 years though so I could be wrong here

  • AbbysMuscles [she/her]@hexbear.net
    link
    fedilink
    English
    arrow-up
    31
    ·
    1 year ago

    Core price inflation. CORE PRICE INFLATION. CPI. CORE. PRICE. INFLATION. (excluding such outliers as fucking food)

    I hate these people I hate them so much how can you be such a huge dork and wrong literally all of the god damn time and be so evil I hate them I hate them I am going insane where does he live what is his address and favorite restaurant and preferred route to and from work I am going to fedposting so hard I am going to make a-guy look like a fucking liberal

  • iridaniotter [she/her]@hexbear.net
    link
    fedilink
    English
    arrow-up
    28
    ·
    1 year ago

    CPI hasn’t been in the negatives, so everything is still more expensive than before. Thus, inflation remains undefeated. Common capitalist L.

    • MemesAreTheory [he/him, any]@hexbear.net
      link
      fedilink
      English
      arrow-up
      7
      ·
      edit-2
      1 year ago

      Compare this to a graph of ‘increase/decrease in wages’ over the same period of time. If wages did not increase, then this inflation affects people remarkable. The price increases are cumulative over time. If someone’s wages have not increased then it doesn’t matter if inflation slows down or even stops completely, their relative level of income and direct material well-being has gone down.

      We can even make this more nuanced. Rather than look at average wages that can be affected by extreme outliers or just an economy where high earners get a lot more relative to the rest of the population, we could instead look at median wages or quintiles for more granularity. This inflation might not be seen or even affect the bug eating Karen PMC. However, it may be massively painful for a subsection of the population who’s wages have stagnated. Even if this segment was a minority, it would be incredibly tone deaf and ignorant to ignore their plight and just focus on the whole population. The issue at hand would then be distribution of wealth - but liberals of course like to ignore that at every opportunity. Enjoy your worsening material consulting, serf. Middle management and shareholders gotta get paid.

  • queermunist she/her@lemmy.ml
    link
    fedilink
    English
    arrow-up
    24
    ·
    edit-2
    1 year ago

    I don’t think I get inflation.

    When econ dorks say inflation has “been defeated” it doesn’t mean prices go back down, right? Inflation is a rate of change, so when inflation goes down prices just get more expensive at a slower rate.

    Once inflation happens it’s basically locked in forever. Prices are sticky. So unless wages catch back up, buying power is permanently decreased right?

    So, once inflation is defeated, nothing actually gets more affordable. It just stops getting less affordable. Am I right?

  • Dolores [love/loves]@hexbear.net
    link
    fedilink
    English
    arrow-up
    21
    ·
    1 year ago

    thinking about how measures from the very first dictatorship of the bourgeoisie [well okay maybe second if we’re going to count a*glos] are heresy in the modern bourgeois ideology.

    a fucking single price control on bread would immediately reduce the cost of living, and be massively popular. leveraging the subsidized food markets (the government is already interfering!) you could shave off hefty proportions of folks’ food bills, and get fucking swept into office next year.