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Thread: June at 3%
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Old 07-13-2023, 07:51 AM
Nordhagen Nordhagen is offline
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Default Inflation

Quote:
Originally Posted by OrangeBlossomBaby View Post
So - here's how it works:

Widgets were invented 10 years ago, and were $1 each.

Last year, you needed a widget. Last year, widgets cost $9 each.

This year, the same widget is $3.

Yes - it's up from when it first came out on the market. But it's much less than it was last year.
That’s not how inflation is calculated. If prices were up 9% last year and now are up 3%, that’s up more than 12% this year over 2 years ago. Elections have consequences.