Quote:
Originally Posted by OrangeBlossomBaby
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.
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Your math is wrong. The widget cost $1. Last year the widget was $1.09. This year the widget is $1.12. Plus, the govt. plays around with how inflation is calculated (which is why the WSJ little calculator is so handy). Often food and gas is excluded. Package shrinkage is not accounted for in any of the percentages. Any administration doesn’t want bad numbers; I don’t care which party is in power.