Quote:
Originally Posted by JMintzer
"Lowered Inflation"...
Yes, after 3 years of record setting inflation...
Lowering inflation only means prices aren't going up as fast as they were. Not that they're coming down..
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You must be very very young if you think we have recently had "record inflation"
The core inflation rate is available back to 1958
HERE
It has been higher than the 6.2 of 2022 10 times in those years. It has been higher than the 3.6 in 2021 25 times in the prior years. And historically the 2023 rate is not high.
And look at the rates for 2023 by month
2023 5.6 5.5 5.6 5.5 5.3 4.8 4.7 4.3 4.1 4.0 4.0 3.9
Whatever forces are managing the economy are doing a fine job of creating the soft landing that no one seemed to think was possible. There has never since the Great Depression been a period in the US economy of deflation. Prices do not come down. So whining about how they haven't now suggests you'd only be happy with another Great Depression. Most would not agree with that wish.
Candy bars are no longer a nickel. Gas isn't 19.9 cents. This isn't all since 2021.
I am unable to find the cost of a one horse power golf cart from 1860.