Talk of The Villages Florida - View Single Post - June at 3%
Thread: June at 3%
View Single Post
 
Old 07-13-2023, 09:25 AM
npwalters's Avatar
npwalters npwalters is offline
Veteran member
Join Date: Jan 2016
Posts: 955
Thanks: 4
Thanked 1,336 Times in 402 Posts
Default

Quote:
Originally Posted by OrangeBlossomBaby View Post
So yeah I had my math and logic all turned around upside down and backward. I guess my point remains the same though: the rise of inflation is lower now, than it was a year ago. It's been steadily decreasing all year. There is almost always inflation. It's a rare occurrence when there is a year of no inflation. It's also a rare occurrence when there is a -significantly- steady decrease for a full year.

This almost 6-point decrease is pretty significant. You can argue the math all you want, but I know I for one would prefer a 3% inflation rate than a 9% inflation rate. Zero would be best but - that isn't on the list of options at the moment.
Don’t feel bad. Even the “expert” financial reporter on NBC nightly news said last night that costs have gone down. Most of the audience they aim at just accept it. You are correct in that there is almost always a certain level of inflation each year. Otherwise we would still be paying 12 cents for a loaf of bread.
__________________
Pam&Nick

The government cannot give anything to anyone without first taking it from someone else