Quote:
Originally Posted by Stu from NYC
We still have inflation but we have a lower rate of inflation. The goal of the fed is not to have no inflation but to have 2%.
Prices will not come down overall but will go up more gradually.
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One of the problems is in the calculation of inflation. Core inflation does not include food or energy - which people deal with on a daily basis.
In 2023, food prices increased by 5.8 percent. Food-at-home prices increased by 5.0 percent, while food-away-from-home prices increased by 7.1 percent.
And yet people are told that inflation is only at 3.4% and are only given a social security increase of 3.2%.
If the goal is 2%, we are 70% above the target rate.